Federal National Mortgage Association Fannie Mae (FNMA) Free Cash Flow (2009 - 2026)
Federal National Mortgage Association Fannie Mae's (FNMA) quarterly Free Cash Flow came in at $16.5 billion in Q1 2026, up 370.3% year-on-year from $3.5 billion in Q1 2025, and up 175.15% on a QoQ basis from $6.0 billion in Q4 2025.
Federal National Mortgage Association Fannie Mae (FNMA) Free Cash Flow (2009 - 2026) Analysis & Trends
Federal National Mortgage Association Fannie Mae (FNMA) has 18 years of Free Cash Flow data on file, last reported at $16.5 billion in Q1 2026.
- On a quarterly basis, Free Cash Flow rose 370.3% year-over-year to $16.5 billion in Q1 2026; TTM through Mar 2026 was $37.0 billion, a 361.26% increase from a year earlier, with the FY2025 full-year figure at $24.0 billion, up 328.03% from the prior year.
- Free Cash Flow for Q1 2026 stood at $16.5 billion, up from $6.0 billion in the prior quarter.
- Over the last five years, Free Cash Flow for FNMA reached as high as $20.8 billion in Q2 2022 and fell as low as -$12.4 billion in Q4 2024.
- Historically, Free Cash Flow has averaged $5.0 billion across 5 years, with a median of $4.0 billion in 2023.
- Across the five-year window, Free Cash Flow jumped 409.92% in 2022 and slumped 708.55% in 2024, its largest moves.
- Year by year, Free Cash Flow stood at $10.4 billion in 2022, then sank by 80.46% to $2.0 billion in 2023, then tumbled by 708.55% to -$12.4 billion in 2024, then jumped by 148.38% to $6.0 billion in 2025, then jumped by 175.15% to $16.5 billion in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $16.5 billion in Q1 2026, $6.0 billion in Q4 2025, and $9.6 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | 1.81 Bn |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | 16.48 Bn |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | 3.87 Bn |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | -1.34 Bn |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | -1.15 Bn |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | 12.04 Mn |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | -2.25 Bn |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | -127.52 Mn |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | -1.59 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.48 Bn |
| Mar 31, 2026 | 16.48 Bn |
| Dec 31, 2025 | 5.99 Bn |
| Dec 31, 2025 | 5.99 Bn |
| Sep 30, 2025 | 9.59 Bn |
| Sep 30, 2025 | 9.59 Bn |
| Jun 30, 2025 | 4.91 Bn |
| Jun 30, 2025 | 4.91 Bn |
| Mar 31, 2025 | 3.51 Bn |
| Mar 31, 2025 | 3.51 Bn |
| Dec 31, 2024 | -12.38 Bn |
| Dec 31, 2024 | -12.38 Bn |
| Sep 30, 2024 | -6.76 Bn |
| Sep 30, 2024 | -6.76 Bn |
| Jun 30, 2024 | 1.49 Bn |
| Jun 30, 2024 | 1.49 Bn |
| Mar 31, 2024 | 7.14 Bn |
| Mar 31, 2024 | 7.14 Bn |
| Dec 31, 2023 | 2.04 Bn |
| Dec 31, 2023 | 2.04 Bn |