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6.49 USD
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Federal National Mortgage Association

🧾 Earnings Recap – Q2 2025

Fannie Mae reported a net income of $3.3 billion for Q2 2025, reflecting a 9% sequential decline driven by increased credit loss provisions, while maintaining a solid efficiency ratio of 31.5%.

  • Net revenues grew 2% quarter-over-quarter to $7.2 billion, with expenses reduced by over $250 million.
  • The guarantee book remained stable at $4.1 trillion, contributing to consistent guarantee fee revenue.
  • Provided $102 billion in liquidity to the mortgage market, assisting 381,000 households, including 183,000 homebuyers, in a challenging market.
  • Achieved a net worth of $101.6 billion, boosted by an 18% annual growth, and recorded a return on equity of 9.5%.
  • Announced a partnership with Palantir Technologies to enhance fraud detection and prevention capabilities.
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Key Metrics
Earnings dateJuly 29, 2026

DCF Valuation

Tweak assumptions to recompute fair value for Federal National Mortgage Association (FNMA)
Currency: USD
DCF Assumptions
Decimal (e.g., 0.10 = 10%). Range allows declines (−50%) to strong growth (+50%).
Decimal (e.g., 0.30 = 30%).
Decimal (e.g., 0.04 = 4%).
Decimal (e.g., 0.20 = 20%).
Percent number (e.g., 3 = 3%).
Percent number (e.g., 10 = 10%).
Percent number (e.g., 5 = 5%).
DCF Result

Fair Value (DCF)
Current Price
Upside
WACC
Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Federal National Mortgage Association Logo Federal National Mortgage Association Analysis (FNMA)

United States Financials Official Website Stock

Is Federal National Mortgage Association a good investment? Federal National Mortgage Association (FNMA) is currently trading at 6.49 USD.

Earnings Schedule: Federal National Mortgage Association is expected to release its next earnings report on July 29, 2026.

Investor FAQ

Does Federal National Mortgage Association pay a dividend?

No, it does not currently pay a dividend.

What asset class is Federal National Mortgage Association?

Federal National Mortgage Association is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be July 29, 2026.

Company Profile

Federal National Mortgage Association provides a source of financing for mortgages in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S. Department of Agriculture, manufactured housing mortgage loans, and other mortgage-related securities. This segment also provides single-family mortgage servicing, as well as credit risk and loss management services. The Multifamily segment securitizes multifamily mortgage loans into Fannie Mae MBS; purchases multifamily mortgage loans; and provides credit enhancement for bonds issued by state and local housing finance authorities to finance multifamily housing. This segment also issues structured MBS backed by Fannie Mae multifamily MBS; buys and sells multifamily agency mortgage-backed securities; invests in low-income housing tax credit (LIHTC) multifamily projects; and offers delegated underwriting and servicing, as well as multifamily mortgage, and credit risk and loss management services. The company serves mortgage banking companies, savings and loan associations, savings banks, commercial banks, credit unions, community banks, insurance companies, private mortgage originators, and state and local housing finance agencies. Federal National Mortgage Association was founded in 1938 and is headquartered in Washington, the District of Columbia.

Exchange Ticker
PNK (United States) FNMA
Trades
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2008
0.75 USD
Aug. 29, 2008 0.0500
May 27, 2008 0.3500
Feb. 25, 2008 0.3500
2007
1.90 USD
Nov. 26, 2007 0.5000
Aug. 27, 2007 0.5000
May 25, 2007 0.1000
May 25, 2007 0.4000
Feb. 26, 2007 0.4000
2006
1.18 USD
Dec. 29, 2006 0.1400
Nov. 27, 2006 0.2600
Aug. 25, 2006 0.2600
May 25, 2006 0.2600
Feb. 27, 2006 0.2600
2005
1.04 USD
Nov. 25, 2005 0.2600
Aug. 25, 2005 0.2600
May 25, 2005 0.2600
Feb. 25, 2005 0.2600
2004
2.08 USD
Nov. 25, 2004 0.5200
Aug. 25, 2004 0.5200
May 25, 2004 0.5200
Feb. 25, 2004 0.5200
2003
1.68 USD
Nov. 25, 2003 0.4500
Aug. 25, 2003 0.4500
May 25, 2003 0.3900
Feb. 25, 2003 0.3900
2002
1.32 USD
Nov. 25, 2002 0.3300
Aug. 25, 2002 0.3300
May 25, 2002 0.3300
Feb. 25, 2002 0.3300
2001
1.20 USD
Nov. 25, 2001 0.3000
Aug. 25, 2001 0.3000
May 25, 2001 0.3000
Feb. 25, 2001 0.3000
2000
1.12 USD
Nov. 25, 2000 0.2800
Aug. 25, 2000 0.2800
May 25, 2000 0.2800
Feb. 25, 2000 0.2800
1999
1.08 USD
Nov. 25, 1999 0.2700
Aug. 25, 1999 0.2700
May 25, 1999 0.2700
Feb. 25, 1999 0.2700
1998
0.96 USD
Nov. 25, 1998 0.2400
Aug. 25, 1998 0.2400
May 25, 1998 0.2400
Feb. 25, 1998 0.2400
1997
0.84 USD
Nov. 25, 1997 0.2100
Aug. 25, 1997 0.2100
May 25, 1997 0.2100
Feb. 25, 1997 0.2100
1996
0.76 USD
Nov. 25, 1996 0.1900
Aug. 25, 1996 0.1900
May 25, 1996 0.1900
Feb. 25, 1996 0.1900
1995
0.68 USD
Nov. 25, 1995 0.1700
Aug. 25, 1995 0.1700
May 25, 1995 0.1700
Feb. 25, 1995 0.1700
1994
0.60 USD
Nov. 25, 1994 0.1500
Aug. 25, 1994 0.1500
May 25, 1994 0.1500
Feb. 25, 1994 0.1500
1993
0.46 USD
Nov. 25, 1993 0.1300
Aug. 25, 1993 0.1150
May 25, 1993 0.1150
Feb. 25, 1993 0.1000
1992
0.35 USD
Nov. 25, 1992 0.1000
Aug. 25, 1992 0.0850
May 25, 1992 0.0850
Feb. 25, 1992 0.0750
1991
0.26 USD
Nov. 25, 1991 0.0750
Aug. 25, 1991 0.0650
May 25, 1991 0.0650
Feb. 25, 1991 0.0550
1990
0.18 USD
Nov. 25, 1990 0.0550
Aug. 25, 1990 0.0450
May 25, 1990 0.0450
Feb. 25, 1990 0.0350
1989
0.11 USD
Nov. 25, 1989 0.0350
Aug. 25, 1989 0.0267
April 24, 1989 0.0267
Jan. 25, 1989 0.0200
1988
0.06 USD
Oct. 25, 1988 0.0200
July 25, 1988 0.0150
April 25, 1988 0.0150
Jan. 25, 1988 0.0100
1987
0.34 USD
Oct. 26, 1987 0.0100
July 27, 1987 0.0067
April 27, 1987 0.3216
Jan. 26, 1987 0.0067
1986
0.02 USD
Oct. 27, 1986 0.0067
July 28, 1986 0.0033
April 25, 1986 0.0033
Jan. 27, 1986 0.0033
1985
0.01 USD
Nov. 20, 1985 0.0033
July 26, 1985 0.0033
April 25, 1985 0.0033
Jan. 28, 1985 0.0033
1984
0.01 USD
Oct. 26, 1984 0.0033
July 26, 1984 0.0033
April 25, 1984 0.0033
Jan. 26, 1984 0.0033
1983
0.01 USD
Oct. 26, 1983 0.0033
July 26, 1983 0.0033
April 26, 1983 0.0033
Jan. 26, 1983 0.0033
Stock Splits
Split Date Split Ratio to 1
Jan. 16, 1996 4.000000
Oct. 17, 1989 3.000000
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