Federal National Mortgage Association Fannie Mae (FNMA) Tax Rate (2009 - 2026)
Federal National Mortgage Association Fannie Mae (FNMA) posted quarterly Tax Rate of 20.18% for Q2 2026, up 4.0% year-over-year from 19.41% in Q2 2025, and little changed quarter-over-quarter from 20.24% in Q1 2026.
Federal National Mortgage Association Fannie Mae (FNMA) Tax Rate (2009 - 2026) Analysis & Trends
Federal National Mortgage Association Fannie Mae (FNMA) has reported Tax Rate for 17 consecutive years, with 20.18% the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Rate rose 4.0% year-over-year to 20.18%; the TTM figure through Jun 2026 stood at 20.16% (up 3.0% YoY), while the FY2025 annual figure was 20.12%, down 5.0% from the prior year.
- Tax Rate was little changed at 20.18% in Q2 2026 per FNMA's latest filing, from 20.24% in the prior quarter.
- Across five years, Tax Rate topped out at 25.73% in Q4 2022 and bottomed at 14.97% in Q3 2022.
- Historically, Tax Rate has averaged 20.38% across 5 years, with a median of 20.25% in 2024.
- Annual changes were most pronounced in 2022 — Tax Rate plunged 575 bps — and 2023, when it surged 593 bps.
- Federal National Mortgage Association Fannie Mae's Tax Rate stood at 25.73% in 2022, then declined by 21 bps to 20.44% in 2023, then retreated by 1 bps to 20.25% in 2024, then declined by 1 bps to 20.02% in 2025, then grew by 1 bps to 20.18% in 2026.
- Business Quant data shows FNMA's Tax Rate at 20.18% in Q2 2026, 20.24% in Q1 2026, and 20.02% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.55 Bn | 36.45 Bn | - | 18.51% |
| 2 | Federal National Mortgage Association Fannie Mae | 36.61 Bn | 36.61 Bn | - | 20.18% |
| 3 | Federal Home Loan Mortgage | 18.43 Bn | 14.11 Bn | - | 19.61% |
| 4 | PennyMac Financial Services | 3.90 Bn | 3.15 Bn | 480.08 Mn | 31.08% |
| 5 | CNFinance Holdings | 1.52 Bn | 1.45 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | -36.84% |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | 26.96% |
| 8 | UWM Holdings | 472.54 Mn | -25.87 Mn | - | 4.44% |
| 9 | Onity | 303.25 Mn | 106.95 Mn | - | 21.19% |
| 10 | loanDepot | 205.70 Mn | -105.44 Mn | - | -0.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.18% |
| Jun 30, 2026 | 20.18% |
| Jun 30, 2026 | 20.18% |
| Mar 31, 2026 | 20.24% |
| Mar 31, 2026 | 20.24% |
| Mar 31, 2026 | 20.24% |
| Dec 31, 2025 | 20.02% |
| Dec 31, 2025 | 20.02% |
| Dec 31, 2025 | 20.02% |
| Sep 30, 2025 | 20.19% |
| Sep 30, 2025 | 20.19% |
| Sep 30, 2025 | 20.19% |
| Jun 30, 2025 | 20.15% |
| Jun 30, 2025 | 20.15% |
| Jun 30, 2025 | 20.15% |
| Mar 31, 2025 | 20.14% |
| Mar 31, 2025 | 20.14% |
| Mar 31, 2025 | 20.14% |
| Dec 31, 2024 | 20.25% |
| Dec 31, 2024 | 20.25% |