Federal National Mortgage Association Fannie Mae (FNMA) EBT Margin (2009 - 2026)
Federal National Mortgage Association Fannie Mae's EBT Margin was 66.15% in Q2 2026, up 10.26 percentage points from 55.89% a year earlier and up 0.68 percentage points from the prior quarter.
Federal National Mortgage Association Fannie Mae (FNMA) EBT Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Federal National Mortgage Association Fannie Mae's EBT Margin was 64.78% through Jun 30, 2026, up 1.79 percentage points year-over-year; for FY2025, it came in at 61.67%, down 7.40 percentage points from FY2024.
- EBT Margin shows a five-year change of -1.02 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was 69.07% in FY2024 (-3.91 pp), 72.98% in FY2023 (+20.14 pp), 52.84% in FY2022 (-36.02 pp) and 88.85% in FY2021 (+26.16 pp).
- The Q2 2026 figure marks the highest quarterly EBT Margin since Q3 2024.
- Compared with a year earlier, EBT Margin was higher in two of the last eight quarters, with an average year-over-year change of -3.10 percentage points.
- The best year-over-year quarter for EBT Margin over five years was Q4 2023 (a gain of 39.49 percentage points); the worst was Q4 2022 (a drop of 55.31 percentage points).
- Per Business Quant data, FNMA's EBT Margin in the three quarters before Q2 2026 was 65.47% (Q1 2026), 61.35% (Q4 2025) and 66.06% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 41.18 Bn | 9.90 Bn | 4.68 Bn | 46.33% |
| 2 | Rocket Companies | 30.87 Bn | 16.55 Bn | - | 10.09% |
| 3 | Affirm Holdings | 26.11 Bn | 19.80 Bn | - | 14.50% |
| 4 | Royalty Pharma | 25.20 Bn | 22.16 Bn | - | 12.09% |
| 5 | Synchrony Financial | 24.32 Bn | -43.65 Bn | - | 24.99% |
| 6 | Federal National Mortgage Association Fannie Mae | 20.83 Bn | 20.83 Bn | - | 66.15% |
| 7 | Royal Gold | 19.70 Bn | 18.88 Bn | 390.45 Mn | 65.65% |
| 8 | Ares Capital | 13.30 Bn | 10.74 Bn | - | - |
| 9 | Annaly Capital Management | 13.26 Bn | 4.30 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 10.54 Bn | -8.20 Bn | - | 79.69% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 66.15% |
| Mar 31, 2026 | 65.47% |
| Dec 31, 2025 | 61.35% |
| Sep 30, 2025 | 66.06% |
| Jun 30, 2025 | 55.89% |
| Mar 31, 2025 | 63.60% |
| Dec 31, 2024 | 64.17% |
| Sep 30, 2024 | 68.24% |
| Jun 30, 2024 | 72.58% |
| Mar 31, 2024 | 71.52% |
| Dec 31, 2023 | 66.36% |
| Sep 30, 2023 | 73.35% |
| Jun 30, 2023 | 83.34% |
| Mar 31, 2023 | 68.42% |
| Dec 31, 2022 | 26.88% |
| Sep 30, 2022 | 38.98% |
| Jun 30, 2022 | 70.20% |
| Mar 31, 2022 | 70.90% |
| Dec 31, 2021 | 82.19% |
| Sep 30, 2021 | 83.57% |
Federal National Mortgage Association Fannie Mae EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=FNMA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "FNMA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=FNMA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();