Federal National Mortgage Association Fannie Mae (FNMA) Interest Expense - Debt (2009 - 2026)
Federal National Mortgage Association Fannie Mae's Interest Expense - Debt was $33.74 billion in Q3 2026, up 3.4% from $32.64 billion a year earlier and up 2.1% from the prior quarter.
Federal National Mortgage Association Fannie Mae (FNMA) Interest Expense - Debt (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Federal National Mortgage Association Fannie Mae's Interest Expense - Debt was $132.35 billion through Sep 30, 2026, up 3.5% year-over-year; for FY2025, it was $129.43 billion, up 6.8% from FY2024.
- Interest Expense - Debt has now increased for four consecutive years, with a five-year compound annual growth rate of 9.4% (FY2020 to FY2025).
- In earlier years, Interest Expense - Debt was $121.22 billion in FY2024 (+9.9%), $110.27 billion in FY2023 (+21.4%), $90.8 billion in FY2022 (+29.6%) and $70.08 billion in FY2021 (-15.1%).
- The Q3 2026 figure marks the highest quarterly Interest Expense - Debt since Q2 2010.
- Compared with a year earlier, Interest Expense - Debt has increased for 20 straight quarters, with growth averaging 5.7% over the last eight quarters.
- Across the past five years, year-over-year growth in Interest Expense - Debt ran from 2.8% in Q2 2026 to 38.3% in Q4 2022.
- Per Business Quant data, FNMA's Interest Expense - Debt in the three quarters before Q3 2026 was $33.06 billion (Q2 2026), $32.83 billion (Q1 2026) and $32.72 billion (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 41.00 Bn | 29.82 Bn | - | - |
| 2 | Royalty Pharma | 39.88 Bn | 40.21 Bn | - | - |
| 3 | Orix | 36.75 Bn | 7.39 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 25.40 Bn | -16,108.71 Bn | - | 33.74 Bn |
| 5 | Royal Gold | 23.20 Bn | 22.41 Bn | 402.46 Mn | - |
| 6 | Affirm Holdings | 22.35 Bn | 15.40 Bn | - | - |
| 7 | Synchrony Financial | 22.29 Bn | -45.34 Bn | - | 212.00 Mn |
| 8 | Annaly Capital Management | 14.69 Bn | 5.72 Bn | - | - |
| 9 | Ares Capital | 14.04 Bn | 11.79 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 12.55 Bn | -328.43 Bn | - | 1.70 Bn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.74 Bn |
| Jun 30, 2026 | 33.06 Bn |
| Mar 31, 2026 | 32.83 Bn |
| Dec 31, 2025 | 32.72 Bn |
| Sep 30, 2025 | 32.64 Bn |
| Jun 30, 2025 | 32.15 Bn |
| Mar 31, 2025 | 31.91 Bn |
| Dec 31, 2024 | 31.17 Bn |
| Sep 30, 2024 | 30.60 Bn |
| Jun 30, 2024 | 29.88 Bn |
| Mar 31, 2024 | 29.58 Bn |
| Dec 31, 2023 | 28.49 Bn |
| Sep 30, 2023 | 27.99 Bn |
| Jun 30, 2023 | 27.12 Bn |
| Mar 31, 2023 | 26.67 Bn |
| Dec 31, 2022 | 25.51 Bn |
| Sep 30, 2022 | 23.71 Bn |
| Jun 30, 2022 | 21.64 Bn |
| Mar 31, 2022 | 19.94 Bn |
| Dec 31, 2021 | 18.44 Bn |
Federal National Mortgage Association Fannie Mae Interest Expense - Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expense-debt&ticker=FNMA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-debt", "ticker": "FNMA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expense-debt&ticker=FNMA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();