Federal National Mortgage Association
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $28.96B | $29.07B | $29.05B | $29.74B | $29.95B | $25.33B | $21.86B | $21.83B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $3.58B | $3.62B | $3.45B | $3.20B | $3.07B | $3.07B | $3.02B | $3.06B |
| Operating Income | $17.98B | $21.27B | $132.90B | $107.11B | $98.04B | $97.58B | $116.47B | $116.30B |
| Operating Margin | 62.1% | 73.2% | 457.5% | 360.2% | 327.4% | 385.3% | 532.8% | 532.8% |
| Interest Expense | — | — | $110.94B | $90.87B | $70.09B | $82.70B | $98.89B | $96.20B |
| Pretax Income | $17.98B | $21.27B | $21.96B | $16.23B | $27.95B | $14.88B | $17.58B | $20.10B |
| Income Tax Expense | $3.62B | $4.29B | $4.55B | $3.31B | $5.77B | $3.07B | $3.42B | $4.14B |
| Net Income | $14.36B | $16.98B | $17.41B | $12.92B | $22.18B | $11.81B | $14.16B | $15.96B |
| Net Margin | 49.6% | 58.4% | 59.9% | 43.5% | 74.0% | 46.6% | 64.8% | 73.1% |
| EPS (Basic) | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.03 | $0.58 |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.03 | $0.57 |
| Shares Outstanding (Basic) | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B | 5.76B | 5.76B |
| Shares Outstanding (Diluted) | 5.89B | 5.89B | 5.89B | 5.89B | 5.89B | 5.89B | 5.89B | 5.89B |
| Dividends Per Share | — | — | — | — | — | — | — | — |