Annaly Capital Management (NLY-PG) Operating Expenses (2009 - 2026)

Annaly Capital Management (NLY-PG) reported Operating Expenses of $63.7 million for Q1 2026, up 8.35% on a YoY basis from $58.8 million in Q1 2025, and up 0.96% quarter-over-quarter from $63.1 million in Q4 2025.

Annaly Capital Management (NLY-PG) Operating Expenses (2009 - 2026) Analysis & Trends

Annaly Capital Management has reported Operating Expenses for 17 years, with the latest figure at $63.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 8.35% year-over-year to $63.7 million; the trailing twelve-month figure through Mar 2026 stood at $252.6 million (up 13.42% YoY), and the FY2025 full-year result was $247.7 million, up 16.67% from the prior year.
  • Operating Expenses for Q1 2026 stood at $63.7 million, up from $63.1 million in the prior quarter.
  • The five-year high for Operating Expenses was $63.7 million in Q1 2026, with the low at $48.1 million in Q3 2022.
  • Historically, Operating Expenses has averaged $55.4 million across 5 years, with a median of $55.2 million in 2023.
  • Annual changes were most pronounced in 2022 — Operating Expenses slumped 33.59% — and 2025, when it climbed 21.5%.
  • Annaly Capital Management's Operating Expenses stood at $56.3 million in 2022, then declined by 14.2% to $48.3 million in 2023, then climbed by 11.79% to $54.0 million in 2024, then increased by 16.93% to $63.1 million in 2025, then advanced by 0.96% to $63.7 million in 2026.
  • The last three Operating Expenses figures came in at $63.7 million (Q1 2026), $63.1 million (Q4 2025), and $62.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 63.74 Mn
2 AGNC Investment 11.42 Bn 10.75 Bn - 34.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 480.31 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 110.77 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - 21.25 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 15.35 Mn
8 Ellington Financial 1.67 Bn 1.39 Bn - 80.37 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 49.45 Mn
10 Annaly Capital Management - - - 63.74 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 63.74 Mn
Dec 31, 2025 63.14 Mn
Sep 30, 2025 62.29 Mn
Jun 30, 2025 63.45 Mn
Mar 31, 2025 58.83 Mn
Dec 31, 2024 53.99 Mn
Sep 30, 2024 53.39 Mn
Jun 30, 2024 56.51 Mn
Mar 31, 2024 48.42 Mn
Dec 31, 2023 48.30 Mn
Sep 30, 2023 49.75 Mn
Jun 30, 2023 55.20 Mn
Mar 31, 2023 52.27 Mn
Dec 31, 2022 56.30 Mn
Sep 30, 2022 48.10 Mn
Jun 30, 2022 49.83 Mn
Mar 31, 2022 58.53 Mn
Dec 31, 2021 54.34 Mn
Sep 30, 2021 59.91 Mn
Jun 30, 2021 75.04 Mn