FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE (FNMAG)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Total Revenue7,319,000,000$7,444,000,000$7,208,000,000$8,129,000,000$7,405,000,000$7,721,000,000$7,597,000,000$7,798,000,000$8,099,000,000$7,534,000,000$6,986,000,000$7,144,000,000$7,349,000,000$8,369,000,000$7,860,000,000$7,899,000,000$7,309,000,000$8,589,000,000$7,658,000,000$7,245,000,000$7,075,000,000$5,867,000,000$5,467,000,000$7,060,000,000$5,536,000,000$5,340,000,000$4,930,000,000$5,020,000,000$6,192,000,000$6,122,000,000$6,847,000,000$6,184,000,000$6,492,000,000$5,355,000,000$5,595,000,000$10,431,000,000$5,610,000,000$5,460,000,000$4,972,000,000$5,618,000,000$3,557,000,000$9,353,000,000$3,798,000,000$3,150,000,000$5,974,000,000$4,836,000,000$7,998,000,000$8,096,000,000$
QoQ%(1.68%)3.27%(11.33%)9.78%(4.09%)1.63%(2.58%)(3.72%)7.50%7.84%(2.21%)(2.79%)(12.19%)6.48%(.49%)8.07%(14.90%)12.16%5.70%2.40%20.59%7.32%(22.56%)27.53%3.67%8.32%(1.79%)(18.93%)1.14%(10.59%)10.72%(4.74%)21.23%(4.29%)(46.36%)85.94%2.75%9.82%(11.50%)57.94%(61.97%)146.26%20.57%(47.27%)23.53%(39.54%)(1.21%)9.84%
YoY%(1.16%)(3.59%)(5.12%)4.25%(8.57%)2.48%8.75%9.16%10.21%(9.98%)(11.12%)(9.56%).55%(2.56%)2.64%9.03%3.31%46.40%40.08%2.62%27.80%9.87%10.89%40.64%(10.59%)(12.77%)(28.00%)(18.82%)(4.62%)14.32%22.38%(40.72%)15.72%(1.92%)12.53%85.67%57.72%(41.62%)30.91%78.35%(40.46%)93.40%(52.51%)(61.09%)(18.95%)(33.68%)2.64%31.90%
Cost Of Revenue338,000,000$946,000,000$24,000,000$321,000,000$(27,000,000$)(300,000,000$)(180,000,000$)116,000,000$(652,000,000$)(1,266,000,000$)132,000,000$3,283,000,000$2,536,000,000$218,000,000$240,000,000$(840,000,000$)(937,000,000$)(2,588,000,000$)(765,000,000$)(1,416,000,000$)(501,000,000$)12,000,000$2,583,000,000$(279,000,000$)(1,857,000,000$)(1,225,000,000$)(650,000,000$)(1,080,000,000$)(716,000,000$)(1,296,000,000$)(217,000,000$)(560,000,000$)182,000,000$(1,267,000,000$)(396,000,000$)1,303,000,000$(673,000,000$)(1,601,000,000$)(1,184,000,000$)255,000,000$(1,550,000,000$)1,033,000,000$(533,000,000$)(466,000,000$)(1,085,000,000$)(1,639,000,000$)(774,000,000$)0$
Gross Profit6,981,000,000$6,498,000,000$7,184,000,000$7,808,000,000$7,432,000,000$8,021,000,000$7,777,000,000$7,682,000,000$8,751,000,000$8,800,000,000$6,854,000,000$3,861,000,000$4,813,000,000$8,151,000,000$7,620,000,000$8,739,000,000$8,246,000,000$11,177,000,000$8,423,000,000$8,661,000,000$7,576,000,000$5,855,000,000$2,884,000,000$7,339,000,000$7,393,000,000$6,565,000,000$5,580,000,000$6,100,000,000$6,908,000,000$7,418,000,000$7,064,000,000$6,744,000,000$6,310,000,000$6,622,000,000$5,991,000,000$9,128,000,000$6,283,000,000$7,061,000,000$6,156,000,000$5,363,000,000$5,107,000,000$8,320,000,000$4,331,000,000$3,616,000,000$7,059,000,000$6,475,000,000$8,772,000,000$8,096,000,000$
Gross Margin95.38%87.29%99.67%96.05%100.37%103.89%102.37%98.51%108.05%116.80%98.11%54.05%65.49%97.40%96.95%110.63%112.82%130.13%109.99%119.55%107.08%99.80%52.75%103.95%133.54%122.94%113.19%121.51%111.56%121.17%103.17%109.06%97.20%123.66%107.08%87.51%112.00%129.32%123.81%95.46%143.58%88.96%114.03%114.79%118.16%133.89%109.68%100.00%
Operating Expenses2,146,000,000$2,344,000,000$2,600,000,000$2,629,000,000$2,379,000,000$2,417,000,000$2,344,000,000$2,608,000,000$2,810,000,000$2,521,000,000$2,074,000,000$1,941,000,000$1,948,000,000$2,276,000,000$2,047,000,000$2,247,000,000$2,138,000,000$2,143,000,000$2,108,000,000$2,335,000,000$2,198,000,000$1,772,000,000$1,872,000,000$2,109,000,000$1,934,000,000$1,951,000,000$1,855,000,000$1,864,000,000$1,852,000,000$1,825,000,000$1,672,000,000$1,788,000,000$1,762,000,000$1,529,000,000$1,786,000,000$1,548,000,000$1,536,000,000$1,448,000,000$1,726,000,000$1,793,000,000$2,077,000,000$1,470,000,000$1,573,000,000$1,486,000,000$1,367,000,000$1,056,000,000$863,000,000$(178,000,000$)
Operating Income
Operating Margin
Interest Income
Interest Expenses32,793,000,000$32,256,000,000$32,015,000,000$31,299,000,000$30,737,000,000$30,007,000,000$29,775,000,000$28,657,000,000$28,195,000,000$27,305,000,000$26,784,000,000$25,560,000,000$23,726,000,000$21,647,000,000$19,941,000,000$18,438,000,000$18,009,000,000$16,821,000,000$16,820,000,000$17,713,000,000$19,397,000,000$21,514,000,000$24,079,000,000$23,582,000,000$24,407,000,000$25,059,000,000$25,841,000,000$25,361,000,000$23,975,000,000$23,480,000,000$23,282,000,000$22,507,000,000$22,187,000,000$22,391,000,000$22,038,000,000$20,333,000,000$20,516,000,000$21,314,000,000$22,563,000,000$22,294,000,000$21,789,000,000$21,449,000,000$22,501,000,000$22,984,000,000$23,170,000,000$23,842,000,000$24,441,000,000$24,473,000,000$
Income Before Tax4,835,000,000$4,154,000,000$4,584,000,000$5,179,000,000$5,053,000,000$5,604,000,000$5,433,000,000$4,956,000,000$5,941,000,000$6,279,000,000$4,780,000,000$1,920,000,000$2,865,000,000$5,875,000,000$5,573,000,000$6,492,000,000$6,108,000,000$9,034,000,000$6,315,000,000$5,709,000,000$5,378,000,000$3,214,000,000$578,000,000$5,230,000,000$4,999,000,000$4,321,000,000$3,027,000,000$4,058,000,000$5,056,000,000$5,593,000,000$5,392,000,000$4,956,000,000$4,548,000,000$4,787,000,000$4,156,000,000$7,580,000,000$4,723,000,000$4,344,000,000$1,686,000,000$3,570,000,000$3,030,000,000$6,850,000,000$2,758,000,000$2,130,000,000$5,692,000,000$5,419,000,000$7,909,000,000$8,274,000,000$
Tax Expenses976,000,000$837,000,000$923,000,000$1,049,000,000$1,009,000,000$1,120,000,000$1,113,000,000$1,013,000,000$1,242,000,000$1,285,000,000$1,008,000,000$494,000,000$429,000,000$1,222,000,000$1,165,000,000$1,303,000,000$1,266,000,000$1,882,000,000$1,322,000,000$1,139,000,000$1,149,000,000$669,000,000$117,000,000$865,000,000$1,036,000,000$889,000,000$627,000,000$828,000,000$1,045,000,000$1,136,000,000$1,131,000,000$11,489,000,000$1,525,000,000$1,587,000,000$1,383,000,000$2,545,000,000$1,527,000,000$1,398,000,000$550,000,000$1,103,000,000$1,070,000,000$2,210,000,000$870,000,000$818,000,000$1,787,000,000$1,752,000,000$2,584,000,000$1,816,000,000$
Net Income3,859,000,000$3,317,000,000$3,661,000,000$4,130,000,000$4,044,000,000$4,484,000,000$4,320,000,000$3,943,000,000$4,699,000,000$4,994,000,000$3,772,000,000$1,426,000,000$2,436,000,000$4,653,000,000$4,408,000,000$5,189,000,000$4,842,000,000$7,152,000,000$4,993,000,000$4,570,000,000$4,229,000,000$2,545,000,000$461,000,000$4,365,000,000$3,963,000,000$3,432,000,000$2,400,000,000$3,230,000,000$4,011,000,000$4,457,000,000$4,261,000,000$(6,533,000,000$)3,023,000,000$3,200,000,000$2,773,000,000$5,035,000,000$3,196,000,000$2,946,000,000$1,136,000,000$2,467,000,000$1,960,000,000$4,640,000,000$1,888,000,000$1,312,000,000$3,905,000,000$3,667,000,000$5,325,000,000$6,458,000,000$
Profit Margin52.73%44.56%50.79%50.81%54.61%58.08%56.87%50.56%58.02%66.29%53.99%19.96%33.15%55.60%56.08%65.69%66.25%83.27%65.20%63.08%59.77%43.38%8.43%61.83%71.59%64.27%48.68%64.34%64.78%72.80%62.23%(105.64%)46.57%59.76%49.56%48.27%56.97%53.96%22.85%43.91%55.10%49.61%49.71%41.65%65.37%75.83%66.58%79.77%
TTM49.72%50.20%53.57%55.03%55.02%55.89%57.87%57.23%50.03%43.53%41.17%42.06%53.01%60.73%68.20%70.50%69.99%68.52%58.67%46.02%45.55%47.36%52.22%61.93%62.54%60.86%63.32%66.00%24.45%20.31%15.88%10.43%50.34%52.63%51.48%46.51%44.99%43.40%43.42%49.07%49.35%52.73%60.66%64.71%71.94%85.49%99.56%274.89%
Earnings to Minority3,849,000,000$3,324,000,000$3,655,000,000$4,127,000,000$4,047,000,000$4,477,000,000$4,324,000,000$3,957,000,000$4,681,000,000$4,995,000,000$1,437,000,000$2,433,000,000$4,649,000,000$4,401,000,000$5,184,000,000$4,828,000,000$7,120,000,000$4,966,000,000$4,566,000,000$4,216,000,000$2,532,000,000$476,000,000$4,266,000,000$3,977,000,000$3,365,000,000$2,361,000,000$3,241,000,000$3,975,000,000$4,459,000,000$938,000,000$(8,944,000,000$)3,048,000,000$3,117,000,000$2,779,000,000$5,471,000,000$2,977,000,000$2,869,000,000$919,000,000$1,000,000$0$0$0$0$0$1,000,000$0$1,000,000$
Earnings to Common Shareholders10,000,000$(7,000,000$)6,000,000$3,000,000$(3,000,000$)7,000,000$(4,000,000$)(14,000,000$)18,000,000$(1,000,000$)3,772,000,000$(11,000,000$)3,000,000$4,000,000$7,000,000$5,000,000$14,000,000$32,000,000$27,000,000$4,000,000$13,000,000$13,000,000$(15,000,000$)99,000,000$(14,000,000$)67,000,000$39,000,000$(11,000,000$)36,000,000$(2,000,000$)3,323,000,000$(6,533,000,000$)(25,000,000$)83,000,000$(6,000,000$)(436,000,000$)219,000,000$77,000,000$217,000,000$(393,000,000$)(242,000,000$)281,000,000$92,000,000$(608,000,000$)(94,000,000$)(46,000,000$)(367,000,000$)(734,000,000$)
QoQ%242.86%(216.67%)100.00%200.00%(142.86%)275.00%71.43%(177.78%)1,900.00%(100.03%)34,390.91%(466.67%)(25.00%)(42.86%)40.00%(64.29%)(56.25%)18.52%575.00%(69.23%).00%186.67%(115.15%)807.14%(120.90%)71.80%454.55%(130.56%)1,900.00%(100.06%)150.87%(26,032.00%)(130.12%)1,483.33%98.62%(299.09%)184.42%(64.52%)155.22%(62.40%)(186.12%)205.44%115.13%(546.81%)(104.35%)87.47%50.00%(711.67%)
YoY%433.33%(200.00%)250.00%121.43%(116.67%)800.00%(100.11%)(27.27%)500.00%(125.00%)53,785.71%(320.00%)(78.57%)(87.50%)(74.07%)25.00%7.69%146.15%280.00%(95.96%)192.86%(80.60%)(138.46%)1,000.00%(138.89%)3,450.00%(98.83%)99.83%244.00%(102.41%)55,483.33%(1,398.39%)(111.42%)7.79%(102.77%)(10.94%)190.50%(72.60%)135.87%35.36%(157.45%)710.87%125.07%17.17%(178.33%)71.07%46.27%(275.60%)
Earnings Per Share, Basic0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.64$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.02$0.00$0.01$0.01$0.00$0.01$0.00$0.58$(1.13$)0.00$0.01$0.00$(0.08$)0.04$0.01$0.04$(0.07$)(0.04$)0.05$0.02$(0.11$)(0.02$)(0.01$)(0.06$)(0.13$)
Earnings Per Share, Diluted0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.64$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.02$0.00$0.01$0.01$0.00$0.01$0.00$0.56$(1.13$)0.00$0.01$0.00$(0.08$)0.04$0.01$0.04$(0.07$)(0.04$)0.05$0.02$(0.11$)(0.02$)(0.01$)(0.06$)(0.13$)
Unlevered FCF Per Share, Basic1.63$0.84$0.60$(2.11$)(1.15$)0.25$1.22$0.35$0.61$0.38$0.68$1.78$1.58$3.55$0.57$1.73$(0.51$)2.58$4.24$0.69$(6.42$)(7.07$)0.37$(1.38$)0.17$0.06$0.32$0.70$(0.02$)(0.05$)(0.24$)0.70$0.66$(1.08$)0.45$0.65$(0.13$)(0.15$)(0.54$)(0.05$)(0.85$)(0.04$)(0.22$)(0.40$)(0.43$)0.82$(0.23$)0.24$
Unlevered FCF Per Share, Diluted1.63$0.84$0.59$(2.08$)(1.15$)0.25$1.22$0.34$0.61$0.38$0.68$1.77$1.57$3.53$0.57$1.72$(0.51$)2.57$4.22$0.69$(6.39$)(7.04$)0.37$(1.35$)0.17$0.06$0.31$0.70$(0.02$)(0.05$)(0.24$)0.70$0.66$(1.06$)0.45$0.65$(0.13$)(0.15$)(0.53$)(0.05$)(0.85$)(0.04$)(0.21$)(0.40$)(0.43$)0.82$(0.23$)0.24$
Average Shares, Basic5,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,867,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,000
Average Shares, Diluted5,893,000,0005,867,000,0005,893,000,0005,945,000,0005,867,000,0005,893,000,0005,867,000,0005,945,000,0005,893,000,0005,867,000,0005,867,000,0005,893,000,0005,893,000,0005,893,000,0005,893,000,0005,893,000,0005,893,000,0005,893,000,0005,893,000,0005,893,000,0005,893,000,0005,893,000,0005,867,000,0005,893,000,0005,762,000,0005,893,000,0005,893,000,0005,762,000,0005,893,000,0005,762,000,0005,893,000,0005,762,000,0005,762,000,0005,893,000,0005,762,000,0005,762,000,0005,893,000,0005,893,000,0005,893,000,0005,762,000,0005,762,000,0005,893,000,0005,893,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,0005,762,000,000
EBIT37,628,000,000$36,410,000,000$36,599,000,000$36,478,000,000$35,790,000,000$35,611,000,000$35,208,000,000$33,613,000,000$34,136,000,000$33,584,000,000$31,564,000,000$27,480,000,000$26,591,000,000$27,522,000,000$25,514,000,000$24,930,000,000$24,117,000,000$25,855,000,000$23,135,000,000$23,422,000,000$24,775,000,000$24,728,000,000$24,657,000,000$28,812,000,000$29,406,000,000$29,380,000,000$28,868,000,000$29,419,000,000$29,031,000,000$29,073,000,000$28,674,000,000$27,463,000,000$26,735,000,000$27,178,000,000$26,194,000,000$27,913,000,000$25,239,000,000$25,658,000,000$24,249,000,000$25,864,000,000$24,819,000,000$28,299,000,000$25,259,000,000$25,114,000,000$28,862,000,000$29,261,000,000$32,350,000,000$32,747,000,000$
EBITDA37,628,000,000$36,410,000,000$36,599,000,000$36,478,000,000$35,790,000,000$35,611,000,000$35,208,000,000$33,613,000,000$34,136,000,000$33,584,000,000$31,564,000,000$27,480,000,000$26,591,000,000$27,522,000,000$25,514,000,000$24,930,000,000$24,117,000,000$25,855,000,000$23,135,000,000$23,422,000,000$24,775,000,000$24,728,000,000$24,657,000,000$28,812,000,000$29,406,000,000$29,380,000,000$28,868,000,000$29,419,000,000$29,031,000,000$29,073,000,000$28,674,000,000$27,463,000,000$26,735,000,000$27,178,000,000$26,194,000,000$27,913,000,000$25,239,000,000$25,658,000,000$24,249,000,000$25,864,000,000$24,819,000,000$28,299,000,000$25,259,000,000$25,114,000,000$28,862,000,000$29,261,000,000$32,350,000,000$32,747,000,000$