Filing Flows › Federal National Mortgage Association Fannie Mae (FNMA) › Q3 2026 › vs Q3 2025
Federal National Mortgage Association Fannie Mae (FNMA) Q3 2026 vs Q3 2025 (year over year)
Federal National Mortgage Association Fannie Mae's revenue rose $344M (+5%) from $7.3B in Q3 2025 to $7.7B in Q3 2026. Operating margin 66.8% against 66.2% (+0.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 66.8% | 66.2% | +0.6 pts |
| Net margin | 54.6% | 52.8% | +1.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $7.7B | $7.3B | $344M | +5% |
| Operating profit | $5.1B | $4.8B | $277M | +6% |
| Costs & expenses | $2.5B | $2.5B | $67.0M | +3% |
| Pre-tax earnings | $5.1B | $4.8B | $277M | +6% |
| General & admin | $784M | $819M | −$35.0M | -4% |
| Other operating costs | $1.8B | $1.7B | $102M | +6% |
| Net earnings | $4.2B | $3.9B | $318M | +8% |
| Income tax | $935M | $976M | −$41.0M | -4% |
| Working capital & other | $3.3B | −$5.7B | $9.0B | — |
| Operating cash flow | $876M | $9.6B | −$8.7B | -91% |
Questions
How much did Federal National Mortgage Association Fannie Mae's revenue grow year over year in Q3 2026?
Federal National Mortgage Association Fannie Mae's revenue rose $344M (+5%) from $7.3B in Q3 2025 to $7.7B in Q3 2026. Operating margin 66.8% against 66.2% (+0.6 pts).