Federal National Mortgage Association Fannie Mae annual return on equity
2008
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2025
Federal National Mortgage Association Fannie Mae Return on Equity (ROE) Growth & History (FNMA)
Federal National Mortgage Association Fannie Mae's return on equity was 14.11% for fiscal 2025.
View full Federal National Mortgage Association Fannie Mae company overviewFederal National Mortgage Association Fannie Mae annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 14.11% | −5.60 pp |
| 2024 | 2024-12-31 | 19.70% | −5.53 pp |
| 2023 | 2023-12-31 | 25.24% | +1.22 pp |
| 2022 | 2022-12-31 | 24.01% | −37.06 pp |
| 2021 | 2021-12-31 | 61.08% | +1.86 pp |
| 2020 | 2020-12-31 | 59.22% | −76.62 pp |
| 2019 | 2019-12-31 | 135.84% | −1113.89 pp |
| 2018 | 2018-12-31 | 1,249.73% | +1043.19 pp |
| 2017 | 2017-12-31 | 206.54% | −37.26 pp |
| 2016 | 2016-12-31 | 243.80% | −40.35 pp |
| 2015 | 2015-12-31 | 284.15% | +69.22 pp |
| 2014 | 2014-12-31 | 214.93% | −789.17 pp |
| 2013 | 2013-12-31 | 1,004.10% | −342.05 pp |
| 2012 | 2012-12-31 | 1,346.15% | — |
| 2008 | 2008-12-31 | −407.63% | — |
Federal National Mortgage Association Fannie Mae quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.48% | +0.16 pp |
| Q1 2026 | 2026-03-31 | 3.36% | −0.44 pp |
| Q4 2025 | 2025-12-31 | 3.29% | −1.17 pp |
| Q3 2025 | 2025-09-30 | 3.73% | −0.84 pp |
| Q2 2025 | 2025-06-30 | 3.32% | −2.00 pp |
| Q1 2025 | 2025-03-31 | 3.79% | −1.62 pp |
| Q4 2024 | 2024-12-31 | 4.46% | −0.75 pp |
| Q3 2024 | 2024-09-30 | 4.57% | −2.01 pp |
| Q2 2024 | 2024-06-30 | 5.32% | −2.18 pp |
| Q1 2024 | 2024-03-31 | 5.41% | −0.66 pp |
| Q4 2023 | 2023-12-31 | 5.21% | +2.81 pp |
| Q3 2023 | 2023-09-30 | 6.58% | +2.36 pp |
| Q2 2023 | 2023-06-30 | 7.50% | −1.10 pp |
| Q1 2023 | 2023-03-31 | 6.07% | −2.83 pp |
| Q4 2022 | 2022-12-31 | 2.39% | −9.20 pp |
| Q3 2022 | 2022-09-30 | 4.23% | −7.95 pp |
| Q2 2022 | 2022-06-30 | 8.60% | −12.57 pp |
| Q1 2022 | 2022-03-31 | 8.89% | −9.10 pp |
| Q4 2021 | 2021-12-31 | 11.59% | −8.30 pp |
| Q3 2021 | 2021-09-30 | 12.18% | −10.56 pp |
| Q2 2021 | 2021-06-30 | 21.17% | +4.43 pp |
| Q1 2021 | 2021-03-31 | 18.00% | +14.76 pp |
| Q4 2020 | 2020-12-31 | 19.89% | −15.10 pp |
| Q3 2020 | 2020-09-30 | 22.74% | −24.60 pp |
| Q2 2020 | 2020-06-30 | 16.74% | −41.43 pp |
| Q1 2020 | 2020-03-31 | 3.23% | −38.00 pp |
| Q4 2019 | 2019-12-31 | 34.99% | −13.89 pp |
| Q3 2019 | 2019-09-30 | 47.34% | −8.08 pp |
| Q2 2019 | 2019-06-30 | 58.17% | −20.02 pp |
| Q1 2019 | 2019-03-31 | 41.24% | −3941.01 pp |
| Q4 2018 | 2018-12-31 | 48.88% | — |
| Q3 2018 | 2018-09-30 | 55.42% | −26.67 pp |
| Q2 2018 | 2018-06-30 | 78.19% | −12.00 pp |
| Q1 2018 | 2018-03-31 | 3,982.24% | +3923.56 pp |
| Q3 2017 | 2017-09-30 | 82.09% | +4.45 pp |
| Q2 2017 | 2017-06-30 | 90.19% | −5.40 pp |
| Q1 2017 | 2017-03-31 | 58.69% | +21.67 pp |
| Q4 2016 | 2016-12-31 | 98.27% | +36.64 pp |
| Q3 2016 | 2016-09-30 | 77.64% | +38.79 pp |
| Q2 2016 | 2016-06-30 | 95.59% | −0.35 pp |
| Q1 2016 | 2016-03-31 | 37.02% | −15.17 pp |
| Q4 2015 | 2015-12-31 | 61.63% | +35.47 pp |
| Q3 2015 | 2015-09-30 | 38.85% | −24.08 pp |
| Q2 2015 | 2015-06-30 | 95.94% | +43.95 pp |
| Q1 2015 | 2015-03-31 | 52.19% | −8.38 pp |
| Q4 2014 | 2014-12-31 | 26.16% | −35.01 pp |
| Q3 2014 | 2014-09-30 | 62.93% | −7.60 pp |
| Q2 2014 | 2014-06-30 | 51.99% | +25.29 pp |
| Q1 2014 | 2014-03-31 | 60.57% | −108.28 pp |
| Q4 2013 | 2013-12-31 | 61.18% | −97.49 pp |
| Q3 2013 | 2013-09-30 | 70.53% | −1.18 pp |
| Q2 2013 | 2013-06-30 | 26.70% | −322.38 pp |
| Q1 2013 | 2013-03-31 | 168.85% | — |
| Q4 2012 | 2012-12-31 | 158.67% | — |
| Q3 2012 | 2012-09-30 | 71.71% | — |
| Q2 2012 | 2012-06-30 | 349.08% | — |
Federal National Mortgage Association Fannie Mae return on equity trends
Over the last five fiscal years, Federal National Mortgage Association Fannie Mae's return on equity decreased from 59.22% to 14.11%, a change of −45.12 percentage points. The latest reported quarter, Q2 2026, shows 3.48%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Federal National Mortgage Association Fannie Mae source filings ↗