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
DateValue
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