Filing Flows › Federal National Mortgage Association Fannie Mae (FNMA) › Q2 2026 › vs Q1 2026
Federal National Mortgage Association Fannie Mae (FNMA) Q2 2026 vs Q1 2026 (quarter over quarter)
Federal National Mortgage Association Fannie Mae's revenue rose $285M (+4%) from $7.3B in Q1 2026 to $7.6B in Q2 2026. Operating margin 65.9% against 64.1% (+1.9 pts).
Federal National Mortgage Association Fannie Mae, Q2 2026: revenue $7.6B (+4% year over year), operating margin 65.9%, net earnings $4.0B, operating cash flow $9.3B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 65.9% | 64.1% | +1.9 pts |
| Net margin | 52.6% | 51.1% | +1.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $7.6B | $7.3B | $285M | +4% |
| Operating profit | $5.0B | $4.7B | $325M | +7% |
| Costs & expenses | $2.6B | $2.6B | −$40.0M | -2% |
| Pre-tax earnings | $5.0B | $4.7B | $325M | +7% |
| General & admin | $811M | $745M | $66.0M | +9% |
| Other operating costs | $1.8B | $1.9B | −$106M | -6% |
| Net earnings | $4.0B | $3.7B | $262M | +7% |
| Income tax | $1.0B | $944M | $63.0M | +7% |
| Working capital & other | $5.3B | $12.8B | −$7.5B | -59% |
| Operating cash flow | $9.3B | $16.5B | −$7.2B | -44% |
Questions
How much did Federal National Mortgage Association Fannie Mae's revenue grow quarter over quarter in Q2 2026?
Federal National Mortgage Association Fannie Mae's revenue rose $285M (+4%) from $7.3B in Q1 2026 to $7.6B in Q2 2026. Operating margin 65.9% against 64.1% (+1.9 pts).