Freddie Mac
Financial Performance
Freddie Mac Revenue & Financials
Revenue
$22.1B (FY2024)
Market Cap
$3.2B
Net Income
$11.2B
Employees
8,000
What is Freddie Mac's revenue?
Freddie Mac had $22.1B in revenue for fiscal year 2024, up 4.2% from 2023. Net income was $11.2B.
- Latest revenue
- $22.1B (FY2024)
- Year-over-year
- +4.2%
- Growth rate (CAGR)
- 4.1% over 9 years
- Peak revenue
- $22.1B (FY2024)
- Years of data
- 10
- Employees
- 8,000
- How much profit does Freddie Mac make?
- Freddie Mac reported net income of $11.2B for fiscal year 2024.
- How many employees does Freddie Mac have?
- Freddie Mac has about 8,000 employees.
Financial Analysis
Freddie Mac's financial performance demonstrates the immense cash generation of its $3.7 trillion guarantee platform. In fiscal year 2024, Freddie Mac reported consolidated net revenue of $21.20 billion (driven by $18.5 billion in net interest income and guaranty fees) and net income of $10.80 billion. Under the modified Senior Preferred Stock Purchase Agreement with the US Treasury, Freddie Mac retains all quarterly earnings to build private loss-absorbing capital under the FHFA Enterprise Regulatory Capital Framework (ERCF). By the end of 2024, Freddie Mac's retained net worth surplus exceeded $55 billion, providing an enormous equity cushion to absorb credit losses. Supported by prime single-family borrower credit profiles (average FICO score of 750+ on new purchases) and conservative loan-to-value ratios, Freddie Mac maintains exceptionally low serious delinquency rates below 0.60%.
Revenue Trend Analysis
YoY Change
+4.2%
9-Year CAGR
+4.1%
Peak Year
2024
Trend
Volatile
Freddie Mac has 10 full fiscal year figures on this page, compounding at +4.1% annually over 9 years. The most recent year saw a 4.2% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $22.1B. Of 9 comparable year-over-year steps, 4 showed growth and 5 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $22.1B | $11.2B | +4.2% |
| FY2023 | $21.2B | $10.5B | -0.6% |
| FY2022 | $21.3B | $9.3B | -3.1% |
| FY2021 | $22B | $12.1B | +31.6% |
| FY2020 | $16.7B | $7.3B | +8.8% |
| FY2019 | $15.4B | $7.2B | -1.0% |
| FY2018 | $15.6B | $9.2B | -2.0% |
| FY2017 | $15.9B | $5.6B | +5.9% |
| FY2016 | $15B | $7.8B | -2.8% |
| FY2015 | $15.4B | $6.4B | — |
Click any row to see year details.
Keep researching Freddie Mac
Freddie Mac Revenue and Financial FAQ
What was Freddie Mac's revenue and net income in fiscal year 2024?
In fiscal year 2024, Freddie Mac generated $22.10 billion in net revenue and $11.20 billion in net income, resulting in an industry-leading net profit margin of 50.68%.
Why does Freddie Mac retain 100% of its quarterly earnings today?
Under the 2021 amended Senior Preferred Stock Purchase Agreement with the U.S. Treasury, Freddie Mac retains its earnings to accumulate regulatory capital required by the FHFA capital framework.
What is Freddie Mac's total mortgage portfolio size?
Freddie Mac's total mortgage portfolio exceeds $3.5 trillion, representing approximately one out of every three conventional conforming residential mortgages across the United States.
How much net income did Freddie Mac generate in 2024?
Freddie Mac generated $10.80 billion in net income on $21.20 billion in net revenue in fiscal year 2024, retaining all earnings under the 2019 Treasury letter agreement to build its capital buffer past $55 billion.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Freddie Mac Revenue & Financials." CorpDigest, https://corpdigest.com/company/freddie-mac/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>Freddie Mac reported $22.1B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/freddie-mac/financials" target="_blank" rel="noopener">CorpDigest — Freddie Mac financials</a></div>Related Financial Audits
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