Federal National Mortgage Association Fannie Mae (FNMA) Net Margin (2009 - 2026)

Federal National Mortgage Association Fannie Mae (FNMA) has reported Net Margin for 18 consecutive years, with 2.02% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Net Margin rose 211.0% year-over-year to 2.02% in Q2 2026; TTM through Jun 2026 was 0.78%, a 78.0% increase from a year earlier, with the FY2025 full-year figure at 0.03%, up 2.0% from the prior year.
• Net Margin was 2.02% for Q2 2026 at Federal National Mortgage Association Fannie Mae, up from 0.91% in the prior quarter.
• Over five years, Net Margin peaked at 2.02% in Q2 2026 and troughed at 0.19% in Q4 2023.
• A 5-year average of 0.2% and a median of 0.04% in 2022 frame the typical range for Net Margin.
• Across the five-year window, Net Margin sank 32 bps in 2022 and jumped 211 bps in 2026, its largest moves.
• Over 5 years, Net Margin stood at 0.15% in 2022, then decreased by 22 bps to 0.19% in 2023, then surged by 120 bps to 0.04% in 2024, then surged by 268 bps to 0.14% in 2025, then soared by 1375 bps to 2.02% in 2026.
• The last three Net Margin figures came in at 2.02% (Q2 2026), 0.91% (Q1 2026), and 0.14% (Q3 2025), per Business Quant data.