Federal National Mortgage Association Fannie Mae (FNMA) Free Cash Flow (2009 - 2026)
Federal National Mortgage Association Fannie Mae (FNMA) reported Free Cash Flow of $16.5 billion for Q1 2026, up 370.3% year-over-year from $3.5 billion in Q1 2025, and up 175.15% quarter-over-quarter 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.
- Free Cash Flow for Q1 2026 came in at $16.5 billion, up 370.3% year-over-year; the trailing twelve-month figure through Mar 2026 was $37.0 billion (up 361.26% YoY), and the FY2025 annual result was $24.0 billion, up 328.03% from the prior year.
- Free Cash Flow climbed to $16.5 billion in Q1 2026 per FNMA's latest filing, from $6.0 billion in the prior quarter.
- Over five years, Free Cash Flow peaked at $20.8 billion in Q2 2022 and troughed at -$12.4 billion in Q4 2024.
- A 5-year average of $5.0 billion and a median of $4.0 billion in 2023 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2022 and 2024: Free Cash Flow soared 409.92% in 2022, then plunged 708.55% in 2024.
- A 5-year view of Free Cash Flow shows it stood at $10.4 billion in 2022, then plunged by 80.46% to $2.0 billion in 2023, then slumped 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.
- Business Quant data shows FNMA's Free Cash Flow at $16.5 billion in Q1 2026, $6.0 billion in Q4 2025, and $9.6 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 34.85 Bn | 32.16 Bn | - | 1.81 Bn |
| 2 | PennyMac Financial Services | 4.14 Bn | 3.65 Bn | 523.89 Mn | -1.34 Bn |
| 3 | Walker & Dunlop | 1.73 Bn | 1.55 Bn | - | -1.15 Bn |
| 4 | UWM Holdings | 743.45 Mn | 1.57 Bn | - | -2.25 Bn |
| 5 | Velocity Financial | 668.42 Mn | 583.96 Mn | - | 12.04 Mn |
| 6 | CNFinance Holdings | 591.78 Mn | 542.97 Mn | - | - |
| 7 | Better Home & Finance Holding | 419.52 Mn | 349.24 Mn | - | -125.55 Mn |
| 8 | Onity | 306.24 Mn | 306.24 Mn | - | -1.59 Bn |
| 9 | loanDepot | 209.70 Mn | -4.79 Mn | - | -177.20 Mn |
| 10 | Federal National Mortgage Association Fannie Mae | - | - | - | 16.48 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 |