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

Annaly Capital Management (NLY) has 17 years of Operating Expenses data on file, last reported 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.
• Across five years, Operating Expenses topped out at $63.7 million in Q1 2026 and bottomed at $48.1 million in Q3 2022.
• The 5-year median for Operating Expenses is $55.2 million (2023), against an average of $55.4 million.
• The widest annual swing landed in 2022, when Operating Expenses plunged 33.59%; it then climbed 21.5% in 2025.
• A 5-year view of Operating Expenses shows it stood at $56.3 million in 2022, then fell by 14.2% to $48.3 million in 2023, then grew by 11.79% to $54.0 million in 2024, then rose by 16.93% to $63.1 million in 2025, then climbed 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