Federal National Mortgage Association Fannie Mae (FNMA) Operating Expenses (2009 - 2026)

Federal National Mortgage Association Fannie Mae (FNMA) has 18 years of Operating Expenses data on file, last reported at $2.2 billion in Q1 2026.

• On a quarterly basis, Operating Expenses fell 16.01% year-over-year to $2.2 billion in Q1 2026; TTM through Mar 2026 was $9.2 billion, a 8.16% decrease from a year earlier, with the FY2025 full-year figure at $9.6 billion, down 1.45% from the prior year.
• Operating Expenses for Q1 2026 stood at $2.2 billion, down from $2.5 billion in the prior quarter.
• Over the last five years, Operating Expenses for FNMA reached as high as $2.8 billion in Q3 2023 and fell as low as $1.9 billion in Q4 2022.
• Historically, Operating Expenses has averaged $2.3 billion across 5 years, with a median of $2.3 billion in 2024.
• Across the five-year window, Operating Expenses surged 44.25% in 2023 and decreased 16.01% in 2026, its largest moves.
• Year by year, Operating Expenses stood at $1.9 billion in 2022, then gained by 23.44% to $2.4 billion in 2023, then grew by 7.3% to $2.6 billion in 2024, then declined by 3.54% to $2.5 billion in 2025, then retreated by 11.98% to $2.2 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $2.2 billion in Q1 2026, $2.5 billion in Q4 2025, and $2.1 billion in Q3 2025.