Annaly Capital Management NLY
NYSE NLY
$22.74 -0.07 (-0.33%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Annaly Capital Management's (NLY) quarterly Operating Expenses came in at $71.7 million in Q2 2026, up 13.06% on a YoY basis from $63.5 million in Q2 2025, and up 12.54% quarter-over-quarter from $63.7 million in Q1 2026.

Analysis

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

Annaly Capital Management (NLY) has reported Operating Expenses for 17 consecutive years, with $71.7 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 13.06% year-over-year to $71.7 million; the trailing twelve-month figure through Jun 2026 stood at $260.9 million (up 13.6% YoY), and the FY2025 full-year result was $247.7 million, up 16.67% from the prior year.
  • Operating Expenses advanced to $71.7 million in Q2 2026 per NLY's latest filing, from $63.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $71.7 million in Q2 2026 and bottomed at $48.1 million in Q3 2022.
  • Historically, Operating Expenses has averaged $56.3 million across 5 years, with a median of $55.7 million in 2022.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses tumbled 33.59% in 2022, then grew 21.5% in 2025.
  • Over 5 years, Operating Expenses stood at $56.3 million in 2022, then retreated by 14.2% to $48.3 million in 2023, then increased by 11.79% to $54.0 million in 2024, then gained by 16.93% to $63.1 million in 2025, then advanced by 13.63% to $71.7 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $71.7 million, $63.7 million, and $63.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 16.87 Bn 13.96 Bn - 71.74 Mn
2 AGNC Investment 12.43 Bn 11.10 Bn - 30.00 Mn
3 Starwood Property Trust 5.84 Bn 3.67 Bn - 524.77 Mn
4 Rithm Capital 5.57 Bn 5.57 Bn - 1.28 Bn
5 Dynex Capital 2.88 Bn 2.27 Bn - 16.21 Mn
6 Two Harbors Investment 2.65 Bn 2.01 Bn - 51.40 Mn
7 Blackstone Mortgage Trust 2.35 Bn 1.91 Bn - 111.00 Mn
8 Armour Residential REIT 2.11 Bn 2.02 Bn - 17.16 Mn
9 Ellington Financial 1.71 Bn 1.46 Bn - 76.02 Mn
10 Orchid Island Capital 1.32 Bn 637.53 Mn 61.82 Mn 6.76 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 71.74 Mn
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