Federal National Mortgage Association Fannie Mae (FNMA) Interest Expenses (2009 - 2026)
Federal National Mortgage Association Fannie Mae (FNMA) posted quarterly Interest Expenses of $33.3 billion for Q2 2026, up 3.28% year-over-year from $32.3 billion in Q2 2025, and down 3.84% quarter-over-quarter from $34.6 billion in Q1 2026.
Federal National Mortgage Association Fannie Mae (FNMA) Interest Expenses (2009 - 2026) Analysis & Trends
Federal National Mortgage Association Fannie Mae (FNMA) has reported Interest Expenses for 18 consecutive years, with $33.3 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Interest Expenses rose 3.28% year-over-year to $33.3 billion; the TTM figure through Jun 2026 stood at $133.7 billion (down 0.71% YoY), while the FY2025 annual figure was $136.8 billion, up 6.21% from the prior year.
- Interest Expenses fell to $33.3 billion in Q2 2026 per FNMA's latest filing, from $34.6 billion in the prior quarter.
- Across five years, Interest Expenses topped out at $38.3 billion in Q4 2024 and bottomed at $21.6 billion in Q2 2022.
- Historically, Interest Expenses has averaged $30.2 billion across 5 years, with a median of $31.1 billion in 2024.
- Annual changes were most pronounced in 2023 — Interest Expenses soared 43.24% — and 2025, when it slipped 13.87%.
- Federal National Mortgage Association Fannie Mae's Interest Expenses stood at $25.6 billion in 2022, then soared by 43.24% to $36.6 billion in 2023, then climbed by 4.47% to $38.3 billion in 2024, then slipped by 13.87% to $32.9 billion in 2025, then increased by 1.12% to $33.3 billion in 2026.
- Business Quant data shows FNMA's Interest Expenses at $33.3 billion in Q2 2026, $34.6 billion in Q1 2026, and $32.9 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.89 Bn | 36.79 Bn | - | 374.00 Mn |
| 2 | Federal National Mortgage Association Fannie Mae | 36.43 Bn | 36.43 Bn | - | 33.32 Bn |
| 3 | Federal Home Loan Mortgage | 18.24 Bn | 13.92 Bn | - | 28.27 Bn |
| 4 | PennyMac Financial Services | 3.95 Bn | 3.20 Bn | 480.08 Mn | 270.71 Mn |
| 5 | CNFinance Holdings | 1.54 Bn | 1.47 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | 16.80 Mn |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | 93.57 Mn |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - | 158.94 Mn |
| 9 | Onity | 303.97 Mn | 107.67 Mn | - | 103.10 Mn |
| 10 | loanDepot | 201.58 Mn | -109.56 Mn | - | 37.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 33.32 Bn |
| Jun 30, 2026 | 33.32 Bn |
| Mar 31, 2026 | 34.64 Bn |
| Mar 31, 2026 | 34.64 Bn |
| Dec 31, 2025 | 32.95 Bn |
| Dec 31, 2025 | 32.95 Bn |
| Sep 30, 2025 | 32.79 Bn |
| Sep 30, 2025 | 32.79 Bn |
| Jun 30, 2025 | 32.26 Bn |
| Jun 30, 2025 | 32.26 Bn |
| Mar 31, 2025 | 33.41 Bn |
| Mar 31, 2025 | 33.41 Bn |
| Dec 31, 2024 | 38.25 Bn |
| Dec 31, 2024 | 38.25 Bn |
| Sep 30, 2024 | 30.74 Bn |
| Sep 30, 2024 | 30.74 Bn |
| Jun 30, 2024 | 30.01 Bn |
| Jun 30, 2024 | 30.01 Bn |
| Mar 31, 2024 | 31.38 Bn |
| Mar 31, 2024 | 31.38 Bn |