KPIs & Operating Metrics(New)
Growth Metrics

Starwood Property Trust (STWD) Operating Expenses (2016 - 2026)

Starwood Property Trust has reported Operating Expenses over the past 15 years, most recently at $482.4 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 0.71% year-over-year to $482.4 million; the TTM value through Dec 2025 reached $1.8 billion, down 9.86%, while the annual FY2025 figure was $1.8 billion, 9.86% down from the prior year.
  • Operating Expenses for Q4 2025 was $482.4 million at Starwood Property Trust, down from $489.4 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $583.5 million in Q2 2023 and troughed at $225.9 million in Q2 2021.
  • A 5-year average of $406.4 million and a median of $454.7 million in 2024 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: surged 122.44% in 2023 and later dropped 24.56% in 2025.
  • Year by year, Operating Expenses stood at $298.9 million in 2021, then soared by 43.93% to $430.2 million in 2022, then grew by 18.54% to $509.9 million in 2023, then decreased by 6.06% to $479.0 million in 2024, then grew by 0.71% to $482.4 million in 2025.
  • Business Quant data shows Operating Expenses for STWD at $482.4 million in Q4 2025, $489.4 million in Q3 2025, and $430.5 million in Q2 2025.