Starwood Property Trust (STWD) Operating Expenses (2010 - 2026)

Starwood Property Trust's Operating Expenses history runs 17 years deep, the most recent figure standing at $480.3 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 25.01% year-over-year to $480.3 million in Q1 2026; TTM through Mar 2026 was $1.9 billion, a 1.38% increase from a year earlier, with the FY2025 full-year figure at $1.8 billion, down 9.86% from the prior year.
• Operating Expenses held at $480.3 million in Q1 2026 per STWD's latest filing, from $482.4 million in the prior quarter.
• Across five years, Operating Expenses topped out at $583.5 million in Q2 2023 and bottomed at $243.8 million in Q1 2022.
• The 5-year median for Operating Expenses is $482.4 million (2025), against an average of $448.2 million.
• Across the five-year window, Operating Expenses jumped 122.44% in 2023 and fell 24.56% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $430.2 million in 2022, then increased by 18.54% to $509.9 million in 2023, then fell by 6.06% to $479.0 million in 2024, then increased by 0.71% to $482.4 million in 2025, then slipped by 0.44% to $480.3 million in 2026.
• Per Business Quant, the three latest STWD Operating Expenses figures stand at $480.3 million (Q1 2026), $482.4 million (Q4 2025), and $489.4 million (Q3 2025).