Federal National Mortgage Association Fannie Mae (FNMA) Interest Expenses (2009 - 2026)
Federal National Mortgage Association Fannie Mae (FNMA) recorded Interest Expenses of $33.32 billion in Q2 2026, up 3.3% from $32.26 billion a year earlier and up 0.9% from the prior quarter.
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Analysis
Federal National Mortgage Association Fannie Mae (FNMA) Interest Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Federal National Mortgage Association Fannie Mae's Interest Expenses came in at $132.08 billion as of Jun 30, 2026, up 4.6% year-over-year; for FY2025, it came in at $130.01 billion, up 6.7% from FY2024.
- Annual Interest Expenses has increased for four straight years, with a five-year compound annual growth rate of 9.5% (FY2020 to FY2025).
- Across earlier years, Interest Expenses came in at $121.82 billion in FY2024 (+9.8%), $110.94 billion in FY2023 (+22.1%), $90.87 billion in FY2022 (+29.7%) and $70.09 billion in FY2021 (-15.3%).
- The Q2 2026 figure is the highest quarterly Interest Expenses since Q3 2010.
- On a year-over-year basis, Interest Expenses has increased for 19 consecutive quarters, with growth averaging 6.5% over the last eight quarters.
- Peak year-over-year performance for Interest Expenses in the last five years was growth of 38.6% in Q4 2022, against a decline of 7.2% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $33.02 billion (Q1 2026), $32.95 billion (Q4 2025) and $32.79 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 41.15 Bn | 9.87 Bn | 4.68 Bn | 281.69 Mn |
| 2 | Rocket Companies | 31.00 Bn | 16.68 Bn | - | 374.00 Mn |
| 3 | Affirm Holdings | 26.11 Bn | 19.80 Bn | - | 118.51 Mn |
| 4 | Royalty Pharma | 25.31 Bn | 22.27 Bn | - | 93.62 Mn |
| 5 | Synchrony Financial | 24.39 Bn | -43.58 Bn | - | 975.00 Mn |
| 6 | Federal National Mortgage Association Fannie Mae | 20.71 Bn | 20.71 Bn | - | 33.32 Bn |
| 7 | Royal Gold | 19.67 Bn | 18.85 Bn | 390.45 Mn | 10.01 Mn |
| 8 | Annaly Capital Management | 13.32 Bn | 4.36 Bn | - | 1.32 Bn |
| 9 | Ares Capital | 13.31 Bn | 10.75 Bn | - | 214.00 Mn |
| 10 | Federal Home Loan Mortgage | 10.67 Bn | -8.07 Bn | - | 28.27 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.32 Bn |
| Mar 31, 2026 | 33.02 Bn |
| Dec 31, 2025 | 32.95 Bn |
| Sep 30, 2025 | 32.79 Bn |
| Jun 30, 2025 | 32.26 Bn |
| Mar 31, 2025 | 32.02 Bn |
| Dec 31, 2024 | 31.30 Bn |
| Sep 30, 2024 | 30.74 Bn |
| Jun 30, 2024 | 30.01 Bn |
| Mar 31, 2024 | 29.78 Bn |
| Dec 31, 2023 | 28.66 Bn |
| Sep 30, 2023 | 28.20 Bn |
| Jun 30, 2023 | 27.31 Bn |
| Mar 31, 2023 | 26.78 Bn |
| Dec 31, 2022 | 25.56 Bn |
| Sep 30, 2022 | 23.73 Bn |
| Jun 30, 2022 | 21.65 Bn |
| Mar 31, 2022 | 19.94 Bn |
| Dec 31, 2021 | 18.44 Bn |
| Sep 30, 2021 | 18.01 Bn |
API Access
Federal National Mortgage Association Fannie Mae Interest Expenses 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-expenses&ticker=FNMA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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-expenses&ticker=FNMA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();