Annaly Capital Management (NLY) Net Long-Term Debt Issued (Repaid) (2010 - 2026)
Annaly Capital Management's Non-Current Debt came in at $34.37 billion for Q2 2026, up 42.6% from $24.11 billion a year earlier and up 11.9% from the prior quarter.
Powered by 
Analysis
Annaly Capital Management (NLY) Net Long-Term Debt Issued (Repaid) (2010 - 2026) Analysis & Trends
At the end of FY2025, Annaly Capital Management's Non-Current Debt was $28.92 billion, up 48.0% from FY2024.
- Non-Current Debt has increased in each of the last four years, with a five-year compound annual growth rate of 38.6% (FY2020 to FY2025).
- Going back by year, Non-Current Debt was $19.54 billion in FY2024 (+68.4%), $11.6 billion in FY2023 (+49.8%), $7.74 billion in FY2022 (+50.2%) and $5.16 billion in FY2021 (-8.8%).
- The Q2 2026 figure represents the highest quarterly Non-Current Debt in data going back to Q4 2014.
- Year-over-year, Non-Current Debt has increased for 18 consecutive quarters, with growth averaging 55.1% over the last eight quarters.
- The fastest year-over-year change in Non-Current Debt over five years came in Q2 2022 (growth of 126.3%), and the weakest in Q3 2021 (a decline of 34.7%).
- Business Quant data shows NLY's Non-Current Debt at $30.72 billion (Q1 2026), $28.92 billion (Q4 2025) and $26.6 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 40.96 Bn | 29.78 Bn | - | - |
| 2 | Orix | 36.82 Bn | 3.63 Bn | - | - |
| 3 | Royalty Pharma | 30.51 Bn | 27.88 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.64 Bn | 26.64 Bn | - | -54.25 Bn |
| 5 | Royal Gold | 23.60 Bn | 22.77 Bn | 390.45 Mn | -200.00 Mn |
| 6 | Synchrony Financial | 23.18 Bn | -44.45 Bn | - | 589.00 Mn |
| 7 | Affirm Holdings | 23.17 Bn | 16.22 Bn | - | 467.47 Mn |
| 8 | Annaly Capital Management | 14.38 Bn | 5.33 Bn | - | 1.66 Bn |
| 9 | Ares Capital | 13.91 Bn | 11.66 Bn | - | -463.00 Mn |
| 10 | Federal Home Loan Mortgage | 12.97 Bn | -5.71 Bn | - | -20.08 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.66 Bn |
| Jun 30, 2026 | 2.02 Bn |
| Mar 31, 2026 | 68.61 Mn |
| Dec 31, 2025 | 272.04 Mn |
| Sep 30, 2025 | 925.29 Mn |
| Jun 30, 2025 | 350.68 Mn |
| Mar 31, 2025 | 893.24 Mn |
| Dec 31, 2024 | 722.95 Mn |
| Sep 30, 2024 | 1.04 Bn |
| Jun 30, 2024 | 847.58 Mn |
| Mar 31, 2024 | 1.22 Bn |
| Dec 31, 2023 | 558.20 Mn |
| Sep 30, 2023 | 139.21 Mn |
| Jun 30, 2023 | 635.07 Mn |
| Mar 31, 2023 | 476.88 Mn |
| Dec 31, 2022 | 234.87 Mn |
| Sep 30, 2022 | 377.06 Mn |
| Jun 30, 2022 | 613.97 Mn |
| Mar 31, 2022 | 988.94 Mn |
| Dec 31, 2021 | -1.22 Mn |
API Access
Annaly Capital Management Net Long-Term Debt Issued (Repaid) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-debt&ticker=NLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "ticker": "NLY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-debt&ticker=NLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();