Cash flow Federal National Mortgage Association

Equities

FNMA

US3135861090

Corporate Financial Services

Market Closed - OTC Markets Other stock markets 03:59:59 2026-03-06 pm EST			5-day change	1st Jan Change
6.400 ^USD	-7.51%		-11.11%	-40.35%

Mar. 04	Greystone Arranges $16.5 Million Fannie Mae Refinance for Multifamily Community in Hartford County, Connecticut	CI
Mar. 02	State Department switches to OpenAI as US agencies start phasing out Anthropic	RE

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Published financial data: FEDERAL NATIONAL MORTGAGE ASSOCIATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest and Dividend Income, Total	101B	120B	140B	151B	159B
Interest Expense, Total	69.7B	90.53B	111B	121B	130B
Net Interest Income	31.33B	29.47B	29.05B	29.44B	28.99B
Commission and Fees	361M	312M	275M	321M	356M
Other Revenues, Total	-208M	1.03B	944M	1.11B	-210M
Revenues Before Provison For Loan Losses	31.48B	30.81B	30.27B	30.87B	29.13B
Provision For Loan Losses	-5.13B	6.28B	-1.67B	-186M	1.61B
Total Revenues	36.61B	24.53B	31.94B	31.05B	27.53B
Salaries And Other Employee Benefits	1.49B	1.67B	1.91B	2B	2.09B
Cost of Services Provided, Total	1.57B	1.66B	1.7B	5.38B	5.23B
Other Operating Expenses	4.33B	4.29B	4.7B	937M	586M
Total Operating Expenses	7.39B	7.62B	8.31B	8.32B	7.91B
Operating Income	29.22B	16.92B	23.63B	22.73B	19.61B
Income (Loss) on Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-26M	-87M	32M	-15M	25M
Other Non Operating Income (Expenses)	-1.24B	-596M	-1.7B	-1.45B	-1.66B
EBT, Excl. Unusual Items	27.95B	16.23B	21.96B	21.27B	17.98B
EBT, Incl. Unusual Items	27.95B	16.23B	21.96B	21.27B	17.98B
Income Tax Expense	5.77B	3.31B	4.55B	4.29B	3.62B
Earnings From Continuing Operations	22.18B	12.92B	17.41B	16.98B	14.36B
Net Income to Company	22.18B	12.92B	17.41B	16.98B	14.36B
Net Income - (IS)	22.18B	12.92B	17.41B	16.98B	14.36B
Preferred Dividend and Other Adjustments	22.1B	12.92B	17.4B	16.98B	14.36B
Net Income to Common Incl Extra Items	78M	3M	3M	3M	9M
Net Income to Common Excl. Extra Items	78M	3M	3M	3M	9M
Per Share Items
Net EPS - Basic	0.01	0	0	0	0
Basic EPS - Continuing Operations	0.01	0	0	0	0
Basic Weighted Average Shares Outstanding	5.87B	5.87B	5.87B	5.87B	5.87B
Net EPS - Diluted	0.01	0	0	0	0
Diluted EPS - Continuing Operations	0.01	0	0	0	0
Diluted Weighted Average Shares Outstanding	5.89B	5.89B	5.89B	5.89B	5.89B
Normalized Basic EPS	2.98	1.73	2.34	2.27	1.92
Normalized Diluted EPS	2.96	1.72	2.33	2.26	1.91
Payout Ratio	-	-	-	-	-
Supplemental Items
Effective Tax Rate - (Ratio)	20.66	20.39	20.71	20.17	20.12
Current Domestic Taxes	5.52B	3.5B	3.32B	3.15B	2.9B
Total Current Taxes	5.52B	3.5B	3.32B	3.15B	2.9B
Deferred Domestic Taxes	252M	-195M	1.23B	1.14B	719M
Total Deferred Taxes	252M	-195M	1.23B	1.14B	719M
Normalized Net Income	17.47B	10.15B	13.72B	13.29B	11.24B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	42.45B	57.99B	35.82B	38.85B	11.45B
Long-Term Investments - (FS Template)	21.58B	65.39B	83.82B	16.44B	46.02B
Trading Asset Securities, Total	84.15B	175M	202M	70.01B	61.49B
Loans and Lease Receivables - (FS Template)	3,972B	4,114B	4,135B	4,139B	4,123B
Other Receivables	9.8B	9.87B	10.78B	11.55B	11.81B
Loans Held For Sale	5.13B	2.03B	2.15B	373M	209M
Restricted Cash	66.18B	29.85B	32.89B	39.96B	31.13B
Other Current Assets, Total	4.22B	-	-	8.9B	8.2B
Deferred Tax Assets Long-Term (Collected)	12.72B	12.91B	11.68B	10.54B	9.83B
Other Long-Term Assets, Total	11.41B	13.16B	13.23B	13.64B	14.69B
Total Assets	4,229B	4,305B	4,325B	4,350B	4,318B
Liabilities
Accrued Expenses, Total	9.19B	9.92B	10.93B	12.45B	12.89B
Short-Term Borrowings	3.03B	10.37B	17.45B	11.34B	24.69B
Current Portion of Long-Term Debt	65.62B	23.23B	23.35B	38.26B	41.04B
Long-Term Debt	4,090B	4,188B	4,182B	4,179B	4,115B
Other Non Current Liabilities	14.2B	13.04B	13.97B	14.38B	15.06B
Total Liabilities	4,182B	4,245B	4,248B	4,255B	4,209B
Preferred Stock Redeemable	126B	126B	126B	126B	126B
Preferred Stock Convertible	13.62B	13.62B	13.62B	13.62B	13.62B
Total Preferred Equity	140B	140B	140B	140B	140B
Common Stock, Total	687M	687M	687M	687M	687M
Retained Earnings	-85.93B	-73.01B	-55.6B	-38.62B	-24.26B
Treasury Stock	-7.4B	-7.4B	-7.4B	-7.4B	-7.4B
Comprehensive Income and Other	38M	35M	32M	29M	20M
Total Common Equity	-92.61B	-79.69B	-62.28B	-45.31B	-30.95B
Total Equity	47.36B	60.28B	77.68B	94.66B	109B
Total Liabilities And Equity	4,229B	4,305B	4,325B	4,350B	4,318B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.74B	5.74B	5.74B	5.74B	5.74B
ECS Total Common Shares Outstanding	5.74B	5.74B	5.74B	5.74B	5.74B
Book Value / Share	-16.14	-13.89	-10.85	-7.9	-5.39
Tangible Book Value	-92.61B	-79.69B	-62.28B	-45.31B	-30.95B
Tangible Book Value Per Share	-16.14	-13.89	-10.85	-7.9	-5.39
Total Debt	4,158B	4,222B	4,223B	4,228B	4,181B
Net Debt	4,011B	4,149B	4,156B	4,103B	4,062B
Full Time Employees	7.4K	8K	8.1K	8.2K	7K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	22.18B	12.92B	17.41B	16.98B	14.36B
(Gain) Loss On Sale of Asset - (CF)	-1.78B	-1.78B	-1.18B	-769M	-774M
Total Asset Writedown	-2B	361M	-760M	-1.12B	-695M
Provision for Credit Losses	-5.13B	6.28B	-1.48B	-380M	1.61B
Change in Trading Asset Securities	46.98B	34.79B	-1.08B	-25.31B	10.66B
Other Operating Activities	-13.04B	-8.74B	-1.03B	77M	-1.18B
Cash from Operations	47.21B	43.83B	11.88B	-10.52B	23.99B
Sale of Property, Plant, and Equipment	3.54B	2.69B	4.62B	3.64B	2.7B
Investment in Marketable and Equity Securities, Total	1.05B	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	79.15B	82.36B	111B	139B	175B
Other Investing Activities, Total	7.12B	5.08B	-16.25B	15.17B	9.64B
Cash from Investing	90.85B	90.13B	99.15B	158B	187B
Short Term Debt Issued, Total	-	-	-	-	11.8B
Long-Term Debt Issued, Total	1,415B	811B	645B	694B	293B
Total Debt Issued	1,415B	811B	645B	694B	305B
Long-Term Debt Repaid, Total	-1,560B	-965B	-775B	-831B	-512B
Total Debt Repaid	-1,560B	-965B	-775B	-831B	-512B
Issuance of Preferred Stock	-	-	-	-	-
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	69M	-	-	-3M	-7M
Cash from Financing	-145B	-155B	-130B	-137B	-207B
Net Change in Cash	-6.99B	-20.79B	-19.14B	10.1B	4.05B
Supplemental Items
Cash Interest Paid	106B	101B	119B	129B	137B
Cash Income Tax Paid (Refund)	5.5B	3.51B	2.75B	2.87B	2.42B
Net Debt Issued / Repaid	-145B	-155B	-130B	-137B	-207B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.54	0.3	0.4	0.39	0.33
Return On Equity %	61.08	24.01	25.24	19.7	14.11
Return on Common Equity	-0.08	-0	-0	-0.01	-0.02
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	8.37	13.57	11.28	23.78	26.62
Income From Continuing Operations Margin %	60.57	52.68	54.51	54.67	52.18
Net Income Margin %	60.57	52.68	54.51	54.67	52.18
Net Avail. For Common Margin %	0.21	0.01	0.01	0.01	0.03
Normalized Net Income Margin	47.71	41.36	42.97	42.81	40.83
Asset Turnover
Asset Turnover	0.01	0.01	0.01	0.01	0.01
Short Term Liquidity
Current Ratio	54.02	97.17	82.09	69.7	54.6
Quick Ratio	53.05	96.44	81.42	68.91	54.1
Operating Cash Flow to Current Liabilities	0.61	1.01	0.23	-0.17	0.31
Long Term Solvency
Total Debt/Equity	8.78K	7K	5.44K	4.47K	3.83K
Total Debt / Total Capital	98.87	98.59	98.19	97.81	97.46
LT Debt/Equity	8.64K	6.95K	5.38K	4.41K	3.77K
Long-Term Debt / Total Capital	97.24	97.81	97.24	96.66	95.93
Total Liabilities / Total Assets	98.88	98.6	98.2	97.82	97.48
Tier 1 Capital Ratio %	-	-5.6	-4.1	-2.7	-1.6
Total Capital Ratio %	-	-5.6	-4.1	-2.7	-1.6
Leverage Ratio %	-	-1.6	-1.2	-0.8	-0.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	58.95	-32.99	30.18	-2.77	-11.19
Gross Profit, 1 Yr. Growth %	58.95	-32.99	30.18	-2.77	-11.19
Earnings From Cont. Operations, 1 Yr. Growth %	87.85	-41.73	34.71	-2.47	-15.4
Net Income, 1 Yr. Growth %	87.85	-41.73	34.71	-2.47	-15.4
Normalized Net Income, 1 Yr. Growth %	87.84	-41.92	35.26	-3.13	-15.45
Diluted EPS Before Extra, 1 Yr. Growth %	292.93	-94.91	0	0	200
Common Equity, 1 Yr. Growth %	-19.26	-13.95	-21.84	-27.25	-31.68
Total Assets, 1 Yr. Growth %	6.11	1.8	0.47	0.56	-0.74
Tangible Book Value, 1 Yr. Growth %	-19.26	-13.95	-21.84	-27.25	-31.68
Cash From Operations, 1 Yr. Growth %	-164.73	-7.17	-72.89	-188.53	-328.03
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	20.05	3.2	-6.6	12.51	-6.85
Gross Profit, 2 Yr. CAGR %	20.05	3.2	-6.6	12.51	-6.85
Earnings From Cont. Operations, 2 Yr. CAGR %	25.14	4.63	-11.4	14.62	-9.16
Net Income, 2 Yr. CAGR %	25.14	4.63	-11.4	14.62	-9.16
Normalized Net Income, 2 Yr. CAGR %	26.1	4.45	-11.37	14.47	-9.5
Diluted EPS Before Extra, 2 Yr. CAGR %	-42.26	-55.28	-77.44	0	73.21
Common Equity, 2 Yr. CAGR %	-14.05	-16.65	-17.99	-24.6	-29.5
Total Assets, 2 Yr. CAGR %	9.87	3.93	1.13	0.51	-0.09
Tangible Book Value, 2 Yr. CAGR %	-14.05	-16.65	-17.99	-24.6	-29.5
Cash From Operations, 2 Yr. CAGR %	215.13	-22.48	-49.83	-51.01	42.08
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.33	-1.16	11.51	-5.34	3.92
Gross Profit, 3 Yr. CAGR %	10.33	-1.16	11.51	-5.34	3.92
Earnings From Cont. Operations, 3 Yr. CAGR %	11.59	-3	13.82	-8.52	3.59
Net Income, 3 Yr. CAGR %	11.59	-3	13.82	-8.52	3.59
Normalized Net Income, 3 Yr. CAGR %	11.62	-2.62	13.85	-8.7	3.47
Diluted EPS Before Extra, 3 Yr. CAGR %	-74.02	-74.3	-41.52	-62.94	44.22
Common Equity, 3 Yr. CAGR %	-11.53	-14.02	-18.42	-21.2	-27.04
Total Assets, 3 Yr. CAGR %	7.35	7.11	2.76	0.94	0.09
Tangible Book Value, 3 Yr. CAGR %	-11.53	-14.02	-18.42	-21.2	-27.04
Cash From Operations, 3 Yr. CAGR %	175.9	109.68	-45.38	-39.37	-18.2
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.22	-0.59	3.22	4.1	3.63
Gross Profit, 5 Yr. CAGR %	8.22	-0.59	3.22	4.1	3.63
Earnings From Cont. Operations, 5 Yr. CAGR %	12.49	39.31	1.75	3.7	4
Net Income, 5 Yr. CAGR %	12.49	39.31	1.75	3.7	4
Normalized Net Income, 5 Yr. CAGR %	8.8	-2.52	1.78	3.89	3.86
Diluted EPS Before Extra, 5 Yr. CAGR %	0	-78.57	-75.45	-55.75	-9.71
Common Equity, 5 Yr. CAGR %	-6.59	-10.65	-14.17	-18.42	-23.05
Total Assets, 5 Yr. CAGR %	5.16	5.17	4.82	4.42	1.61
Tangible Book Value, 5 Yr. CAGR %	-6.59	-10.65	-14.17	-18.42	-23.05
Cash From Operations, 5 Yr. CAGR %	117.05	59.75	39.52	17.22	-19.94