Filing Flows › Federal National Mortgage Association Fannie Mae (FNMA) › Q3 2026
Federal National Mortgage Association Fannie Mae (FNMA) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Federal National Mortgage Association Fannie Mae (FNMA) reported revenue of $7.7B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +1% from the quarter before. Operating margin was 66.8%, net earnings $4.2B (54.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.7B | +1% | +5% |
| Operating profit | $5.1B | +2% | +6% |
| Net earnings | $4.2B | +5% | +8% |
| Operating cash flow | $876M | -91% | -91% |
What changed
Revenue was $7.7B in Q3 2026, up 5% year over year and up 1% from the previous quarter.
Operating profit was $5.1B, a 66.8% margin (up 0.6 points year over year). Of the extra revenue versus Q3 2025, 81% reached operating profit, above the 66% margin then. Total costs grew 3% against revenue growth of 5%. Net earnings were $4.2B, up 8% year over year. The effective tax rate was 18.3%.
Operating cash flow was $0.88B (down 91% year over year), 21% of net earnings. Working capital and other items used $3.3B.
Questions
What was Federal National Mortgage Association Fannie Mae's revenue in the third quarter 2026?
Federal National Mortgage Association Fannie Mae (FNMA) reported revenue of $7.7B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +1% from the quarter before.
Was Federal National Mortgage Association Fannie Mae profitable in the third quarter 2026?
Operating profit was $5.1B (66.8% of revenue) and net earnings $4.2B.
Source: Federal National Mortgage Association Fannie Mae 10-Q on SEC EDGAR.