Federal National Mortgage Association Fannie Mae (FNMA) Net Margin (2009 - 2026)
Federal National Mortgage Association Fannie Mae's Net Margin came in at 2.02% for Q2 2026, up 2.11 percentage points from -0.09% a year earlier and up 1.10 percentage points from the prior quarter.
Federal National Mortgage Association Fannie Mae (FNMA) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Federal National Mortgage Association Fannie Mae reported Net Margin of 0.78%, up 0.78 percentage points year-over-year; for FY2025, it came in at 0.03%, up 0.02 percentage points from FY2024.
- Net Margin carries a five-year change of -0.03 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 0.01% in FY2024 (unchanged), 0.01% in FY2023 (unchanged), 0.01% in FY2022 (-0.24 pp) and 0.25% in FY2021 (+0.18 pp).
- The Q2 2026 figure represents the highest quarterly Net Margin since Q1 2018.
- Year-over-year, Net Margin increased in five of the last seven quarters, with an average year-over-year change of +0.43 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q2 2026 (a gain of 2.11 percentage points), and the weakest in Q2 2022 (a drop of 0.32 percentage points).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.02% |
| Mar 31, 2026 | 0.91% |
| Sep 30, 2025 | 0.14% |
| Jun 30, 2025 | -0.09% |
| Mar 31, 2025 | 0.08% |
| Dec 31, 2024 | 0.04% |
| Sep 30, 2024 | -0.04% |
| Jun 30, 2024 | 0.09% |
| Mar 31, 2024 | -0.05% |
| Dec 31, 2023 | -0.19% |
| Sep 30, 2023 | 0.22% |
| Jun 30, 2023 | -0.01% |
| Dec 31, 2022 | -0.15% |
| Sep 30, 2022 | 0.04% |
| Jun 30, 2022 | 0.05% |
| Mar 31, 2022 | 0.09% |
| Dec 31, 2021 | 0.06% |
| Sep 30, 2021 | 0.19% |
| Jun 30, 2021 | 0.37% |
| Mar 31, 2021 | 0.35% |
Federal National Mortgage Association Fannie Mae Net Margin 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=net-margin&ticker=FNMA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=FNMA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();