Federal National Mortgage Association Fannie Mae (FNMA) Free Cash Flow (2009 - 2026)
Federal National Mortgage Association Fannie Mae (FNMA) posted quarterly Free Cash Flow of $9.3 billion for Q2 2026, up 88.53% year-over-year from $4.9 billion in Q2 2025, and down 43.87% quarter-over-quarter from $16.5 billion in Q1 2026.
Federal National Mortgage Association Fannie Mae (FNMA) Free Cash Flow (2009 - 2026) Analysis & Trends
Federal National Mortgage Association Fannie Mae (FNMA) has reported Free Cash Flow for 18 consecutive years, with $9.3 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Free Cash Flow rose 88.53% year-over-year to $9.3 billion; the TTM figure through Jun 2026 stood at $41.3 billion (up 485.06% YoY), while the FY2025 annual figure was $24.0 billion, up 328.03% from the prior year.
- Free Cash Flow eased to $9.3 billion in Q2 2026 per FNMA's latest filing, from $16.5 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $20.8 billion in Q2 2022 and bottomed at -$12.4 billion in Q4 2024.
- Historically, Free Cash Flow has averaged $5.3 billion across 5 years, with a median of $4.5 billion in 2023.
- Annual changes were most pronounced in 2022 — Free Cash Flow soared 409.92% — and 2024, when it plunged 708.55%.
- Federal National Mortgage Association Fannie Mae's 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 surged by 148.38% to $6.0 billion in 2025, then surged by 54.45% to $9.3 billion in 2026.
- Business Quant data shows FNMA's Free Cash Flow at $9.3 billion in Q2 2026, $16.5 billion in Q1 2026, and $6.0 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.55 Bn | 36.45 Bn | - | -1.25 Bn |
| 2 | Federal National Mortgage Association Fannie Mae | 36.61 Bn | 36.61 Bn | - | 9.25 Bn |
| 3 | Federal Home Loan Mortgage | 18.43 Bn | 14.11 Bn | - | 2.76 Bn |
| 4 | PennyMac Financial Services | 3.90 Bn | 3.15 Bn | 480.08 Mn | 2.13 Bn |
| 5 | CNFinance Holdings | 1.52 Bn | 1.45 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | 1.17 Bn |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | 3.64 Mn |
| 8 | UWM Holdings | 472.54 Mn | -25.87 Mn | - | 334.58 Mn |
| 9 | Onity | 303.25 Mn | 106.95 Mn | - | -516.90 Mn |
| 10 | loanDepot | 205.70 Mn | -105.44 Mn | - | 510.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.25 Bn |
| Jun 30, 2026 | 9.25 Bn |
| 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 |