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.

• Operating Expenses for Q1 2026 came in at $2.2 billion, down 16.01% year-over-year; the trailing twelve-month figure through Mar 2026 was $9.2 billion (down 8.16% YoY), and the FY2025 annual result was $9.6 billion, down 1.45% from the prior year.
• Operating Expenses declined to $2.2 billion in Q1 2026 per FNMA's latest filing, from $2.5 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $2.8 billion in Q3 2023 and troughed at $1.9 billion in Q4 2022.
• A 5-year average of $2.3 billion and a median of $2.3 billion in 2024 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2023 and 2026: Operating Expenses jumped 44.25% in 2023, then dropped 16.01% in 2026.
• A 5-year view of Operating Expenses shows it stood at $1.9 billion in 2022, then grew by 23.44% to $2.4 billion in 2023, then gained by 7.3% to $2.6 billion in 2024, then decreased by 3.54% to $2.5 billion in 2025, then dropped by 11.98% to $2.2 billion in 2026.
• Business Quant data shows FNMA's Operating Expenses at $2.2 billion in Q1 2026, $2.5 billion in Q4 2025, and $2.1 billion in Q3 2025.