FNMA (Federal National Mortgage Association Fannie Mae) Pre-Tax Income: $18,898 Mil (TTM As of Jun. 2026)

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FNMA Federal National Mortgage Association Fannie Mae FNMA
55 GF Score
Price $6.20
GF Value $5.54
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Federal National Mortgage Association Fannie Mae Pre-Tax Income?

Federal National Mortgage Association Fannie Mae FNMA +1.14% 55 Pre-Tax Income is $18,898 Mil as of Jun. 2026. GuruFocus rates FNMA with a GF Score™ of 55/100 and a GF Value™ of $5.54 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Federal National Mortgage Association Fannie Mae's pretax income for the three months ended in Jun. 2026 was $4,989 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $18,898 Mil. Federal National Mortgage Association Fannie Mae's pretax margin was 66.15%.

During the past 13 years, Federal National Mortgage Association Fannie Mae's highest Pretax Margin was 88.85%. The lowest was 52.84%. And the median was 77.53%.


Federal National Mortgage Association Fannie Mae  (OTCPK:FNMA) Pre-Tax Income Explanation

Federal National Mortgage Association Fannie Mae's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=4989/7542
=66.15%

During the past 13 years, Federal National Mortgage Association Fannie Mae's highest Pretax Margin was 88.85%. The lowest was 52.84%. And the median was 77.53%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Federal National Mortgage Association Fannie Mae Pre-Tax Income Related Terms


Federal National Mortgage Association Fannie Mae Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Federal National Mortgage Association Fannie Mae's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Federal National Mortgage Association Fannie Mae Pre-Tax Income Chart

Federal National Mortgage Association Fannie Mae Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27,949.00 16,233.00 21,956.00 21,269.00 17,983.00

Federal National Mortgage Association Fannie Mae Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,154.00 4,835.00 4,410.00 4,664.00 4,989.00

FNMA vs PFSI, FMCC, WD: Pre-Tax Income Comparison

For the Mortgage Finance subindustry, Federal National Mortgage Association Fannie Mae's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Federal National Mortgage Association Fannie Mae Pre-Tax Income vs Banks Industry

For the Banks industry and Financial Services sector, Federal National Mortgage Association Fannie Mae's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Federal National Mortgage Association Fannie Mae's Pre-Tax Income falls into.


FNMA
55GF Score
Federal National Mortgage Association Fannie Mae FNMA
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Federal National Mortgage Association Fannie Mae Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Federal National Mortgage Association Fannie Mae's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Other
=0+17983
=17,983

Federal National Mortgage Association Fannie Mae's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Other
=0+4989
=4,989

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $18,898 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $18,898 Mil mean?
Federal National Mortgage Association Fannie Mae (FNMA) has a Pre-Tax Income of $18,898 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Federal National Mortgage Association Fannie Mae and its competitors.
Is Federal National Mortgage Association Fannie Mae's Pre-Tax Income too high?
Federal National Mortgage Association Fannie Mae's current Pre-Tax Income is $18,898 Mil. Overall, Federal National Mortgage Association Fannie Mae has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Federal National Mortgage Association Fannie Mae's Pre-Tax Income compare to PFSI and FMCC?
Federal National Mortgage Association Fannie Mae's Pre-Tax Income of $18,898 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Banks company?
A good Pre-Tax Income depends on the Banks industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Federal National Mortgage Association Fannie Mae and its competitors. Federal National Mortgage Association Fannie Mae's current Pre-Tax Income is $18,898 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal National Mortgage Association Fannie Mae stock overvalued right now?
Based on GuruFocus' analysis, Federal National Mortgage Association Fannie Mae (FNMA) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.54, compared to a current price of $6.20 — trading 11.9% above its estimated fair value. The current Pre-Tax Income is $18,898 Mil. Federal National Mortgage Association Fannie Mae's overall GF Score™ is 55/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Federal National Mortgage Association Fannie Mae (FNMA), the current Pre-Tax Income is $18,898 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Federal National Mortgage Association Fannie Mae (FNMA) Overvalued in 2026?

Based on GuruFocus' analysis, Federal National Mortgage Association Fannie Mae stock appears to be overvalued. The current stock price of $6.20 is trading 11.9% above its estimated GF Value™ of $5.54. GuruFocus considers Federal National Mortgage Association Fannie Mae to be Modestly Overvalued.

Key valuation signals for FNMA:

  • Pre-Tax Income: $18,898 Mil
  • GF Value™: $5.54 vs. price of $6.20 (11.9% above fair value)
  • GF Score™: 55/100 with 2 warning signs

No single metric tells the full story. See the FNMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Federal National Mortgage Association Fannie Mae Business Description

Address 1100 15th Street, NW, Midtown Center, Washington, DC, USA, 20005
Federal National Mortgage Association Fannie Mae is a source of financing for mortgages in the United States. The company has two segments namely the Single-Family business that operates in the secondary mortgage market relating to single-family mortgage loans, which are secured by properties containing four or fewer residential dwelling units and the Multifamily business operates in the secondary mortgage market relating mainly to multifamily mortgage loans, which are secured by properties containing five or more residential units. The majority of the revenue is derived from the Single-Family segment.
55GF Score

Get the complete analysis for FNMA

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.20
Price
$5.54
GF Value