Federal National Mortgage Association Fannie Mae (FNMA) EBT Margin (2009 - 2026)
Federal National Mortgage Association Fannie Mae's (FNMA) quarterly EBT Margin came in at 84.74% in Q1 2026, up 591.0% year-on-year from 12.26% in Q1 2025, and up 38.12% on a QoQ basis from 61.35% in Q4 2025.
Federal National Mortgage Association Fannie Mae (FNMA) EBT Margin (2009 - 2026) Analysis & Trends
Federal National Mortgage Association Fannie Mae (FNMA) has 18 years of EBT Margin data on file, last reported at 84.74% in Q1 2026.
- On a quarterly basis, EBT Margin rose 591.0% year-over-year to 84.74% in Q1 2026; TTM through Mar 2026 was 66.11%, a 586.0% increase from a year earlier, with the FY2025 full-year figure at 80.28%, down 893.0% from the prior year.
- EBT Margin for Q1 2026 stood at 84.74%, up from 61.35% in the prior quarter.
- Over the last five years, EBT Margin for FNMA reached as high as 182.01% in Q1 2022 and fell as low as 31.18% in Q4 2022.
- Historically, EBT Margin has averaged 73.2% across 5 years, with a median of 72.64% in 2023.
- Across the five-year window, EBT Margin jumped 38325 bps in 2022 and sank 10936 bps in 2023, its largest moves.
- Year by year, EBT Margin stood at 31.18% in 2022, then soared by 76 bps to 54.78% in 2023, then retreated by 29 bps to 39.14% in 2024, then surged by 57 bps to 61.35% in 2025, then soared by 38 bps to 84.74% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 84.74% in Q1 2026, 61.35% in Q4 2025, and 66.06% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | 13.60% |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | 84.74% |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | 72.25% |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | 19.21% |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | 8.61% |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | -31.11% |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | 19.69% |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | -107.20% |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | 41.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 84.74% |
| Dec 31, 2025 | 61.35% |
| Sep 30, 2025 | 66.06% |
| Jun 30, 2025 | 56.80% |
| Mar 31, 2025 | 78.83% |
| Dec 31, 2024 | 39.14% |
| Sep 30, 2024 | 68.24% |
| Jun 30, 2024 | 75.30% |
| Mar 31, 2024 | 98.37% |
| Dec 31, 2023 | 54.78% |
| Sep 30, 2023 | 76.61% |
| Jun 30, 2023 | 86.11% |
| Mar 31, 2023 | 72.64% |
| Dec 31, 2022 | 31.18% |
| Sep 30, 2022 | 39.37% |
| Jun 30, 2022 | 72.81% |
| Mar 31, 2022 | 182.01% |
| Dec 31, 2021 | 18.19% |
| Sep 30, 2021 | 83.57% |
| Jun 30, 2021 | 105.46% |