Federal National Mortgage Association
Income Statement
| Line Item | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.28B | $7.33B | $7.31B | $7.24B | $7.09B | $7.30B | $7.34B | $7.34B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $745.0M | $921.0M | $819.0M | $847.0M | $992.0M | $947.0M | $884.0M | $899.0M |
| Operating Income | $4.66B | $4.41B | $4.84B | $4.15B | $4.58B | $5.18B | $5.05B | $5.60B |
| Operating Margin | 64.1% | 60.2% | 66.2% | 57.4% | 64.7% | 71.0% | 68.8% | 76.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $4.66B | $4.41B | $4.84B | $4.15B | $4.58B | $5.18B | $5.05B | $5.60B |
| Income Tax Expense | $944.0M | $883.0M | $976.0M | $837.0M | $923.0M | $1.05B | $1.01B | $1.12B |
| Net Income | $3.72B | $3.53B | $3.86B | $3.32B | $3.66B | $4.13B | $4.04B | $4.48B |
| Net Margin | 51.1% | 48.1% | 52.8% | 45.8% | 51.7% | 56.6% | 55.1% | 61.1% |
| EPS (Basic) | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B |
| Shares Outstanding (Diluted) | 5.89B | 5.89B | 5.89B | 5.87B | 5.89B | 5.89B | 5.87B | 5.89B |
| Dividends Per Share | — | — | — | — | — | — | — | — |