Federal National Mortgage Association Fannie Mae annual operating expenses
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Federal National Mortgage Association Fannie Mae Operating Expenses Growth & History (FNMA)
Federal National Mortgage Association Fannie Mae's operating expenses was $9.57B for fiscal 2025.
View full Federal National Mortgage Association Fannie Mae company overviewFederal National Mortgage Association Fannie Mae annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $9.57B | −$141.0M | −1.45% |
| 2024 | 2024-12-31 | $9.71B | −$90.0M | −0.92% |
| 2023 | 2023-12-31 | $9.80B | $1.59B | +19.35% |
| 2022 | 2022-12-31 | $8.21B | −$424.0M | −4.91% |
| 2021 | 2021-12-31 | $8.64B | $459.0M | +5.61% |
| 2020 | 2020-12-31 | $8.18B | $328.0M | +4.18% |
| 2019 | 2019-12-31 | $7.85B | $738.0M | +10.38% |
| 2018 | 2018-12-31 | $7.11B | $246.0M | +3.58% |
| 2017 | 2017-12-31 | $6.87B | $607.0M | +9.70% |
| 2016 | 2016-12-31 | $6.26B | −$655.0M | −9.47% |
| 2015 | 2015-12-31 | $6.91B | $2.14B | +44.87% |
| 2014 | 2014-12-31 | $4.77B | $3.97B | +495.01% |
| 2013 | 2013-12-31 | $802.0M | −$2.37B | −74.72% |
| 2012 | 2012-12-31 | $3.17B | −$843.0M | −20.99% |
| 2011 | 2011-12-31 | $4.02B | −$1.23B | −23.39% |
| 2010 | 2010-12-31 | $5.24B | −$69.15B | −92.95% |
| 2009 | 2009-12-31 | $74.39B | $45.53B | +157.78% |
| 2008 | 2008-12-31 | $28.86B | $20.52B | +245.99% |
| 2007 | 2007-12-31 | $8.34B | — | — |
Federal National Mortgage Association Fannie Mae quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | $2.18B | −$416.0M | −16.01% |
| Q4 2025 | 2025-12-31 | $2.48B | −$90.0M | −3.50% |
| Q3 2025 | 2025-09-30 | $2.15B | −$233.0M | −9.79% |
| Q2 2025 | 2025-06-30 | $2.34B | −$73.0M | −3.02% |
| Q1 2025 | 2025-03-31 | $2.60B | $255.0M | +10.88% |
| Q4 2024 | 2024-12-31 | $2.57B | $175.0M | +7.30% |
| Q3 2024 | 2024-09-30 | $2.38B | −$431.0M | −15.34% |
| Q2 2024 | 2024-06-30 | $2.42B | −$104.0M | −4.13% |
| Q1 2024 | 2024-03-31 | $2.34B | $270.0M | +13.02% |
| Q4 2023 | 2023-12-31 | $2.40B | $455.0M | +23.44% |
| Q3 2023 | 2023-09-30 | $2.81B | $862.0M | +44.25% |
| Q2 2023 | 2023-06-30 | $2.52B | $245.0M | +10.76% |
| Q1 2023 | 2023-03-31 | $2.07B | $27.0M | +1.32% |
| Q4 2022 | 2022-12-31 | $1.94B | −$306.0M | −13.62% |
| Q3 2022 | 2022-09-30 | $1.95B | −$190.0M | −8.89% |
| Q2 2022 | 2022-06-30 | $2.28B | $133.0M | +6.21% |
| Q1 2022 | 2022-03-31 | $2.05B | −$61.0M | −2.89% |
| Q4 2021 | 2021-12-31 | $2.25B | −$88.0M | −3.77% |
| Q3 2021 | 2021-09-30 | $2.14B | −$60.0M | −2.73% |
| Q2 2021 | 2021-06-30 | $2.14B | $371.0M | +20.94% |
| Q1 2021 | 2021-03-31 | $2.11B | $236.0M | +12.61% |
| Q4 2020 | 2020-12-31 | $2.33B | $226.0M | +10.72% |
| Q3 2020 | 2020-09-30 | $2.20B | $264.0M | +13.65% |
| Q2 2020 | 2020-06-30 | $1.77B | −$179.0M | −9.17% |
| Q1 2020 | 2020-03-31 | $1.87B | $17.0M | +0.92% |
| Q4 2019 | 2019-12-31 | $2.11B | $245.0M | +13.14% |
| Q3 2019 | 2019-09-30 | $1.93B | $82.0M | +4.43% |
| Q2 2019 | 2019-06-30 | $1.95B | $126.0M | +6.90% |
| Q1 2019 | 2019-03-31 | $1.85B | $183.0M | +10.94% |
| Q4 2018 | 2018-12-31 | $1.86B | $76.0M | +4.25% |
| Q3 2018 | 2018-09-30 | $1.85B | $90.0M | +5.11% |
| Q2 2018 | 2018-06-30 | $1.82B | $296.0M | +19.36% |
| Q1 2018 | 2018-03-31 | $1.67B | −$114.0M | −6.38% |
| Q4 2017 | 2017-12-31 | $1.79B | $240.0M | +15.50% |
| Q3 2017 | 2017-09-30 | $1.76B | $226.0M | +14.71% |
| Q2 2017 | 2017-06-30 | $1.53B | $81.0M | +5.59% |
| Q1 2017 | 2017-03-31 | $1.79B | $60.0M | +3.48% |
| Q4 2016 | 2016-12-31 | $1.55B | −$245.0M | −13.66% |
| Q3 2016 | 2016-09-30 | $1.54B | −$541.0M | −26.05% |
| Q2 2016 | 2016-06-30 | $1.45B | −$22.0M | −1.50% |
| Q1 2016 | 2016-03-31 | $1.73B | $153.0M | +9.73% |
| Q4 2015 | 2015-12-31 | $1.79B | $307.0M | +20.66% |
| Q3 2015 | 2015-09-30 | $2.08B | $710.0M | +51.94% |
| Q2 2015 | 2015-06-30 | $1.47B | $414.0M | +39.20% |
| Q1 2015 | 2015-03-31 | $1.57B | $710.0M | +82.27% |
| Q4 2014 | 2014-12-31 | $1.49B | $1.31B | +734.83% |
| Q3 2014 | 2014-09-30 | $1.37B | $1.25B | +1048.74% |
| Q2 2014 | 2014-06-30 | $1.06B | $461.0M | +77.48% |
| Q1 2014 | 2014-03-31 | $863.0M | $228.0M | +35.91% |
| Q4 2013 | 2013-12-31 | $178.0M | −$280.0M | −61.14% |
| Q3 2013 | 2013-09-30 | $119.0M | −$706.0M | −85.58% |
| Q2 2013 | 2013-06-30 | $595.0M | −$140.0M | −19.05% |
| Q1 2013 | 2013-03-31 | $635.0M | −$520.0M | −45.02% |
| Q4 2012 | 2012-12-31 | $458.0M | −$412.0M | −47.36% |
| Q3 2012 | 2012-09-30 | $825.0M | −$753.0M | −47.72% |
| Q2 2012 | 2012-06-30 | $735.0M | $612.0M | +497.56% |
| Q1 2012 | 2012-03-31 | $1.16B | −$290.0M | −20.07% |
| Q4 2011 | 2011-12-31 | $870.0M | −$351.0M | −28.75% |
| Q3 2011 | 2011-09-30 | $1.58B | −$213.0M | −11.89% |
| Q2 2011 | 2011-06-30 | $123.0M | −$1.33B | −91.52% |
| Q1 2011 | 2011-03-31 | $1.45B | $665.0M | +85.26% |
| Q4 2010 | 2010-12-31 | $1.22B | −$16.80B | −93.23% |
| Q3 2010 | 2010-09-30 | $1.79B | −$18.42B | −91.14% |
| Q2 2010 | 2010-06-30 | $1.45B | −$15.55B | −91.47% |
| Q1 2010 | 2010-03-31 | $780.0M | −$18.39B | −95.93% |
| Q4 2009 | 2009-12-31 | $18.02B | — | — |
| Q3 2009 | 2009-09-30 | $20.21B | $10.37B | +105.42% |
| Q2 2009 | 2009-06-30 | $17.00B | $10.89B | +178.27% |
| Q1 2009 | 2009-03-31 | $19.16B | — | — |
| Q3 2008 | 2008-09-30 | $9.84B | — | — |
| Q2 2008 | 2008-06-30 | $6.11B | — | — |
Federal National Mortgage Association Fannie Mae operating expenses trends
Over the last five fiscal years, Federal National Mortgage Association Fannie Mae's operating expenses increased from $8.18B to $9.57B, a change of $1.39B. The latest reported quarter, Q1 2026, shows $2.18B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Federal National Mortgage Association Fannie Mae source filings ↗