Federal National Mortgage Association Fannie Mae (FNMA) EBT Margin (2009 - 2026)
Federal National Mortgage Association Fannie Mae (FNMA) posted quarterly EBT Margin of 66.15% for Q2 2026, up 1026.0% year-over-year from 5.87% in Q2 2025, and down 21.94% quarter-over-quarter from 84.74% in Q1 2026.
Federal National Mortgage Association Fannie Mae (FNMA) EBT Margin (2009 - 2026) Analysis & Trends
Federal National Mortgage Association Fannie Mae (FNMA) has reported EBT Margin for 18 consecutive years, with 66.15% the latest figure, recorded in Q2 2026.
- In Q2 2026, EBT Margin rose 1026.0% year-over-year to 66.15%; the TTM figure through Jun 2026 stood at 68.59% (down 1854.0% YoY), while the FY2025 annual figure was 80.28%, down 893.0% from the prior year.
- EBT Margin fell to 66.15% in Q2 2026 per FNMA's latest filing, from 84.74% in the prior quarter.
- Across five years, EBT Margin topped out at 462.82% in Q4 2024 and bottomed at 1015.57% in Q4 2023.
- Historically, EBT Margin has averaged 34.71% across 5 years, with a median of 71.39% in 2022.
- Annual changes were most pronounced in 2023 — EBT Margin plunged 104245 bps — and 2024, when it jumped 147840 bps.
- Federal National Mortgage Association Fannie Mae's EBT Margin stood at 26.88% in 2022, then slumped by 3879 bps to 1015.57% in 2023, then soared by 146 bps to 462.82% in 2024, then tumbled by 87 bps to 61.35% in 2025, then gained by 8 bps to 66.15% in 2026.
- Business Quant data shows FNMA's EBT Margin at 66.15% in Q2 2026, 84.74% in Q1 2026, and 61.35% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.89 Bn | 36.79 Bn | - | 10.09% |
| 2 | Federal National Mortgage Association Fannie Mae | 36.43 Bn | 36.43 Bn | - | 66.15% |
| 3 | Federal Home Loan Mortgage | 18.24 Bn | 13.92 Bn | - | 79.69% |
| 4 | PennyMac Financial Services | 3.95 Bn | 3.20 Bn | 480.08 Mn | 6.34% |
| 5 | CNFinance Holdings | 1.54 Bn | 1.47 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | 0.68% |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | -38.58% |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - | -53.26% |
| 9 | Onity | 303.97 Mn | 107.67 Mn | - | -5.34% |
| 10 | loanDepot | 201.58 Mn | -109.56 Mn | - | -1.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 66.15% |
| Mar 31, 2026 | 84.74% |
| Dec 31, 2025 | 61.35% |
| Sep 30, 2025 | 66.06% |
| Jun 30, 2025 | 55.89% |
| Mar 31, 2025 | 78.83% |
| Dec 31, 2024 | 462.82% |
| Sep 30, 2024 | 68.24% |
| Jun 30, 2024 | 72.58% |
| Mar 31, 2024 | 90.69% |
| Dec 31, 2023 | -1,015.57% |
| Sep 30, 2023 | 73.35% |
| Jun 30, 2023 | 83.34% |
| Mar 31, 2023 | 72.64% |
| Dec 31, 2022 | 26.88% |
| Sep 30, 2022 | 38.98% |
| Jun 30, 2022 | 70.20% |
| Mar 31, 2022 | 167.56% |
| Dec 31, 2021 | 82.19% |
| Sep 30, 2021 | 83.57% |