FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE financials
Source: EDGAR filings · Built 2026-06-19T02:23:55Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Debt | 4.14T | 4.18T | 4.17T | 4.15T | 4.11T | 3.89T |
| Return on Equity (ROE) | 13.18% | 17.94% | 22.41% | 21.44% | 46.83% | 46.74% |
| Return on Assets (ROA) | 0.33% | 0.39% | 0.40% | 0.30% | 0.52% | 0.30% |
| Debt-to-Equity | 38.12× | 44.55× | 54.14× | 69.87× | 87.75× | 155.33× |
| Effective Tax Rate | 20.12% | 20.17% | 20.71% | 20.39% | 20.66% | 20.66% |
| Cash Conversion Ratio | 1.67× | -0.62× | 0.68× | 3.39× | 2.13× | -6.18× |
| Accruals Ratio | -0.00× | 0.01× | 0.00× | -0.01× | -0.01× | 0.02× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Income Tax Expense (Benefit) | 3.62B | 4.29B | 4.55B | 3.31B | 5.77B | 3.07B |
| Net Income (Loss) Attributable to Parent | 14.36B | 16.98B | 17.41B | 12.92B | 22.18B | 11.80B |
| Earnings Per Share, Basic | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 |
| Weighted Average Number of Shares Outstanding, Basic | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B |
| Earnings Per Share, Diluted | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 |
| Weighted Average Number of Shares Outstanding, Diluted | 5.89B | 5.89B | 5.89B | 5.89B | 5.89B | 5.89B |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | — | 38.85B | 35.82B | 57.99B | 42.45B | 38.34B |
| Assets | 4.32T | 4.35T | 4.33T | 4.31T | 4.23T | 3.99T |
| Long-term Debt | 4.16T | 4.22T | 4.21T | 4.21T | 4.16T | 3.92T |
| Liabilities | 4.21T | 4.26T | 4.25T | 4.25T | 4.18T | 3.96T |
| Stockholders' Equity Attributable to Parent | 109.01B | 94.66B | 77.68B | 60.28B | 47.36B | 25.26B |
| Common Stock, Shares, Outstanding | 1.16B | 1.16B | 1.16B | 1.16B | 1.16B | 1.16B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 23.99B | -10.52B | 11.88B | 43.83B | 47.21B | -72.93B |
| Net Cash Provided by (Used in) Investing Activities | 186.90B | 152.25B | 119.28B | 90.13B | 90.85B | 26.68B |
| Net Cash Provided by (Used in) Financing Activities | -206.85B | -137.17B | -130.17B | -154.74B | -145.05B | 100.47B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Debt | 4.14T | 4.14T | 4.17T | 4.16T | 4.18T | 4.18T |
| Return on Equity (ROE) | 3.30% | 3.24% | 3.66% | 3.26% | 3.72% | 4.36% |
| Return on Assets (ROA) | 0.09% | 0.08% | 0.09% | 0.08% | 0.08% | 0.09% |
| Debt-to-Equity | 36.85× | 38.12× | 39.66× | 41.32× | 42.90× | 44.55× |
| Effective Tax Rate | 20.24% | 20.02% | 20.19% | 20.15% | 20.14% | 20.25% |
| Cash Conversion Ratio | 4.43× | 1.70× | 4.66× | 2.54× | 0.96× | -3.00× |
| Accruals Ratio | -0.00× | -0.00× | -0.00× | -0.00× | 0.00× | 0.00× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Income Tax Expense (Benefit) | 944.00M | 883.00M | 976.00M | 837.00M | 923.00M | 1.05B |
| Net Income (Loss) Attributable to Parent | 3.72B | 3.53B | 3.86B | 3.32B | 3.66B | 4.13B |
| Earnings Per Share, Basic | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Weighted Average Number of Shares Outstanding, Basic | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B |
| Earnings Per Share, Diluted | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Weighted Average Number of Shares Outstanding, Diluted | 5.89B | 5.89B | 5.89B | 5.87B | 5.89B | 5.89B |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | — | — | — | 38.23B | 39.35B | 38.85B |
| Assets | 4.31T | 4.32T | 4.34T | 4.34T | 4.35T | 4.35T |
| Long-term Debt | 4.15T | 4.16T | 4.18T | 4.20T | 4.22T | 4.22T |
| Liabilities | 4.20T | 4.21T | 4.23T | 4.24T | 4.26T | 4.26T |
| Stockholders' Equity Attributable to Parent | 112.67B | 109.01B | 105.48B | 101.64B | 98.31B | 94.66B |
| Common Stock, Shares, Outstanding | 1.16B | 1.16B | 1.16B | 1.16B | 1.16B | 1.16B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 16.48B | 5.99B | 18.00B | 8.41B | 3.50B | -12.38B |
| Net Cash Provided by (Used in) Investing Activities | 32.86B | 65.74B | 121.17B | 79.25B | 24.70B | 40.76B |
| Net Cash Provided by (Used in) Financing Activities | -46.66B | -68.52B | -138.33B | -87.92B | -28.67B | -27.76B |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (FNMA CIK 0000310522),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.