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 $9.3 billion in 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.
Analysis
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.
- On a quarterly basis, Free Cash Flow rose 88.53% year-over-year to $9.3 billion in Q2 2026; TTM through Jun 2026 was $41.3 billion, a 485.06% 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 was $9.3 billion for Q2 2026 at Federal National Mortgage Association Fannie Mae, down from $16.5 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 $5.3 billion and a median of $4.5 billion in 2023 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow surged 409.92% in 2022 and sank 708.55% in 2024, its largest moves.
- Over 5 years, 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 soared by 148.38% to $6.0 billion in 2025, then soared by 54.45% to $9.3 billion in 2026.
- The last three Free Cash Flow figures came in at $9.3 billion (Q2 2026), $16.5 billion (Q1 2026), and $6.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 46.15 Bn | 43.05 Bn | - | -1.25 Bn |
| 2 | Federal National Mortgage Association Fannie Mae | 30.33 Bn | 30.33 Bn | - | 9.25 Bn |
| 3 | Figure Technology Solutions | 7.94 Bn | 6.40 Bn | 196.67 Mn | -41.39 Mn |
| 4 | PennyMac Financial Services | 3.45 Bn | 2.70 Bn | 480.08 Mn | 2.13 Bn |
| 5 | Federal Agricultural Mortgage | 2.40 Bn | 1.36 Bn | - | 40.40 Mn |
| 6 | UWM Holdings | 2.01 Bn | 2.36 Bn | - | 334.58 Mn |
| 7 | Walker & Dunlop | 1.26 Bn | 1.11 Bn | - | 1.17 Bn |
| 8 | CNFinance Holdings | 1.25 Bn | 1.25 Bn | - | - |
| 9 | Velocity Financial | 630.27 Mn | -6.82 Bn | - | 3.64 Mn |
| 10 | Onity | 266.14 Mn | 69.84 Mn | - | -516.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.25 Bn |
| Mar 31, 2026 | 16.48 Bn |
| Dec 31, 2025 | 5.99 Bn |
| Sep 30, 2025 | 9.59 Bn |
| Jun 30, 2025 | 4.91 Bn |
| Mar 31, 2025 | 3.51 Bn |
| Dec 31, 2024 | -12.38 Bn |
| Sep 30, 2024 | -6.76 Bn |
| Jun 30, 2024 | 1.49 Bn |
| Mar 31, 2024 | 7.14 Bn |
| Dec 31, 2023 | 2.04 Bn |
| Sep 30, 2023 | 3.60 Bn |
| Jun 30, 2023 | 2.23 Bn |
| Mar 31, 2023 | 4.02 Bn |
| Dec 31, 2022 | 10.42 Bn |
| Sep 30, 2022 | 9.25 Bn |
| Jun 30, 2022 | 20.81 Bn |
| Mar 31, 2022 | 3.36 Bn |
| Dec 31, 2021 | 10.16 Bn |
| Sep 30, 2021 | -2.98 Bn |