Flagship explainer
How FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE earns its spread
Start with net interest income, then follow the filed path to net income.
| Filed line | Value | % of net interest income | Source |
|---|---|---|---|
| $28.6B | 100% |
| |
| Income before tax | $18.0B | 63% |
|
| Income tax | $3.6B | 13% |
|
| $14.4B | 50% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0000310522-26-000015