Fannie Mae
Financial Performance
Fannie Mae Revenue & Financials
Revenue
$29.4B (FY2024)
Net Income
$17.4B
Employees
7,400
What is Fannie Mae's revenue?
Fannie Mae had $29.4B in revenue for fiscal year 2024, up 1.9% from 2023. Net income was $17.4B.
- Latest revenue
- $29.4B (FY2024)
- Year-over-year
- +1.9%
- Growth rate (CAGR)
- 2.6% over 9 years
- Peak revenue
- $29.9B (FY2021)
- Years of data
- 10
- Employees
- 7,400
- How much profit does Fannie Mae make?
- Fannie Mae reported net income of $17.4B for fiscal year 2024.
- How many employees does Fannie Mae have?
- Fannie Mae has about 7,400 employees.
Financial Analysis
Fannie Mae's financial results reflect the extraordinary cash-generating power of its $4.1 trillion guaranty book. In fiscal year 2024, Fannie Mae reported total net revenue of $28.50 billion (driven primarily by $25.2 billion in net interest income and guaranty fees) and net income of $17.40 billion. Under the terms of the 2019 letter agreement modifying the Senior Preferred Stock Purchase Agreement with the US Treasury, Fannie Mae is permitted to retain all quarterly earnings rather than sweep them to the US Treasury, allowing the enterprise to build its net worth toward capital requirements established under the Enterprise Regulatory Capital Framework (ERCF). By the end of 2024, Fannie Mae's retained net worth buffer approached $100 billion, providing an enormous cushion of private loss-absorbing capital to shield US taxpayers from potential housing downturns.
Revenue Trend Analysis
YoY Change
+1.9%
9-Year CAGR
+2.6%
Peak Year
2021
Trend
Mostly Growing
Fannie Mae has 10 full fiscal year figures on this page, compounding at +2.6% annually over 9 years. The most recent year saw a 1.9% increase versus the prior year. Annual revenue peaked in fiscal year 2021 at $29.9B. Of 9 comparable year-over-year steps, 5 showed growth and 4 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $29.4B | $17.4B | +1.9% |
| FY2023 | $28.8B | $17.4B | -2.8% |
| FY2022 | $29.7B | $12.9B | -0.8% |
| FY2021 | $29.9B | $22.2B | +18.3% |
| FY2020 | $25.3B | $11.8B | +10.5% |
| FY2019 | $22.9B | $14.2B | -4.5% |
| FY2018 | $23.9B | $16B | +3.9% |
| FY2017 | $23B | $2.5B | +3.3% |
| FY2016 | $22.3B | $12.3B | -4.2% |
| FY2015 | $23.3B | $11B | — |
Click any row to see year details.
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Fannie Mae Revenue and Financial FAQ
What was Fannie Mae's total revenue and net income in FY2024?
In fiscal year 2024, Fannie Mae reported total revenue of $29.400 billion and net income of $17.400 billion, generating an exceptional net profit margin of 59.18% under CEO Priscilla Almodovar.
How large is Fannie Mae's total net worth and capital buffer?
As of December 31, 2024, Fannie Mae's net worth stood at $91.0 billion, built entirely through retained earnings since the federal government suspended the mandatory quarterly net worth sweeps in 2019.
Why does Fannie Mae have such high net margins?
Fannie Mae maintains net profit margins around 59.18% because its secondary market guaranty operations require minimal retail overhead, automated software verifies loans, and credit losses remain historically low.
How much net income did Fannie Mae generate in 2024?
Fannie Mae generated $17.40 billion in net income on $28.50 billion in net revenue in fiscal year 2024, retaining all earnings under the 2019 Treasury letter agreement to build its capital buffer toward $100 billion.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Fannie Mae Revenue & Financials." CorpDigest, https://corpdigest.com/company/fannie-mae/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Fannie Mae reported $29.4B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/fannie-mae/financials" target="_blank" rel="noopener">CorpDigest — Fannie Mae financials</a></div>Related Financial Audits
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