The earnings call highlighted Fannie Mae's strong revenue performance and significant achievements in efficiency and capital building, alongside challenges related to credit losses and delinquency rates. The company is actively addressing these challenges through partnerships and strategic initiatives.

Company Guidance

During Fannie Mae's second quarter 2025 earnings call, several key metrics and updates were highlighted. The company reported a net income of $3.3 billion, representing a 9% decrease from the first quarter and a 26% decrease year-on-year, primarily due to a higher provision for credit losses. Net revenues increased by 2% from the first quarter to $7.2 billion, although they remained relatively flat compared to the previous year. The efficiency ratio improved to 31.5%, supported by a $250 million reduction in noninterest expenses from the prior quarter. Fannie Mae provided $102 billion in liquidity to the mortgage market, assisting 381,000 households, including 183,000 first-time homebuyers. The guarantee book held steady at $4.1 trillion, contributing to the guarantee fee revenues, while return on equity stood at 9.5%. Notably, Fannie Mae's net worth reached $101.6 billion, surpassing $100 billion in total equity for the first time, and the company was ranked #25 in the 2025 Fortune 500. Chief Financial Officer Chryssa Halley also noted the company's progress in capital building, highlighting a return on assets of 31 basis points and a return on risk-weighted assets of 1%.

Net Income and Revenue Performance

Fannie Mae reported $3.3 billion of net income, although this was a decrease of 9% from the first quarter and 26% year-on-year, net revenues were $7.2 billion, up 2% from the first quarter.

Expense Reduction Achievements

Noninterest expenses were reduced by over $250 million compared to the previous quarter, contributing to an efficiency ratio of 31.5%.

Liquidity Provision and Housing Support

Fannie Mae provided $102 billion in liquidity to the mortgage market, aiding 381,000 households, including 183,000 first-time homebuyers.

Notable Achievements in Partnerships and Capital

Fannie Mae announced a fraud detection partnership with Palantir Technologies, surpassed $100 billion in total equity, and was ranked #25 in the 2025 Fortune 500.

Capital Building Efforts

The company built $3.7 billion of regulatory capital and grew its net worth by 18% over the past year, reaching $101.6 billion.

Federal National Mortgage Association (FNMA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FNMA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.70 / -	0.689	―	―	―
Jul 30, 2025	2025 (Q2)	0.68 / 0.56	0.761	-25.76% (-0.20)
Apr 30, 2025	2025 (Q1)	0.67 / 0.62	0.736	-15.63% (-0.11)
Feb 14, 2025	2024 (Q4)	0.65 / 0.69	0.664	4.67% (+0.03)
Oct 31, 2024	2024 (Q3)	0.60 / 0.69	0.797	-13.55% (-0.11)
Jul 30, 2024	2024 (Q2)	0.64 / 0.76	0.851	-10.58% (-0.09)
Apr 30, 2024	2024 (Q1)	0.60 / 0.74	0.643	14.46% (+0.09)
Feb 15, 2024	2023 (Q4)	0.60 / 0.66	0	―
Oct 31, 2023	2023 (Q3)	0.60 / 0.80	0	―
Aug 01, 2023	2023 (Q2)	0.60 / 0.85	0	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FNMA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$8.56	$8.58	+0.23%
Apr 30, 2025	$6.38	$6.31	-1.10%
Feb 14, 2025	$6.72	$7.09	+5.51%
Oct 31, 2024	$1.43	$1.39	-2.80%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Federal National Mortgage Association (FNMA) report earnings?

Federal National Mortgage Association (FNMA) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Federal National Mortgage Association (FNMA) earnings time?

Federal National Mortgage Association (FNMA) earnings time is at Oct 30, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FNMA EPS forecast?

FNMA EPS forecast for the fiscal quarter 2025 (Q3) is 0.7.

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