Filing Flows › Federal National Mortgage Association Fannie Mae (FNMA) › Q3 2026 › vs Q2 2026
Federal National Mortgage Association Fannie Mae (FNMA) Q3 2026 vs Q2 2026 (quarter over quarter)
Federal National Mortgage Association Fannie Mae's revenue rose $86.0M (+1%) from $7.6B in Q2 2026 to $7.7B in Q3 2026. Operating margin 66.8% against 65.9% (+0.9 pts).
Federal National Mortgage Association Fannie Mae, Q3 2026: revenue $7.7B (+5% year over year), operating margin 66.8%, net earnings $4.2B, operating cash flow $876M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 66.8% | 65.9% | +0.9 pts |
| Net margin | 54.6% | 52.6% | +2.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $7.7B | $7.6B | $86.0M | +1% |
| Operating profit | $5.1B | $5.0B | $123M | +2% |
| Costs & expenses | $2.5B | $2.6B | −$37.0M | -1% |
| Pre-tax earnings | $5.1B | $5.0B | $123M | +2% |
| General & admin | $784M | $811M | −$27.0M | -3% |
| Other operating costs | $1.8B | $1.8B | −$10.0M | -0.6% |
| Net earnings | $4.2B | $4.0B | $195M | +5% |
| Income tax | $935M | $1.0B | −$72.0M | -7% |
| Working capital & other | $3.3B | −$5.3B | $8.6B | — |
| Operating cash flow | $876M | $9.3B | −$8.4B | -91% |
Questions
How much did Federal National Mortgage Association Fannie Mae's revenue grow quarter over quarter in Q3 2026?
Federal National Mortgage Association Fannie Mae's revenue rose $86.0M (+1%) from $7.6B in Q2 2026 to $7.7B in Q3 2026. Operating margin 66.8% against 65.9% (+0.9 pts).