Starwood Property Trust STWD
NYSE STWD
$15.88 -0.20 (-1.27%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Starwood Property Trust (STWD) posted Operating Expenses of $524.8 million for Q2 2026, up 9.26% on a QoQ basis from $480.3 million in Q1 2026, and up 21.9% year-over-year from $430.5 million in Q2 2025.

Analysis

Starwood Property Trust (STWD) Operating Expenses (2010 - 2026) Analysis & Trends

Starwood Property Trust has reported Operating Expenses for 17 years, with the latest figure at $524.8 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 21.9% year-over-year to $524.8 million in Q2 2026; TTM through Jun 2026 was $2.0 billion, a 10.06% increase from a year earlier, with the FY2025 full-year figure at $1.8 billion, down 9.86% from the prior year.
  • Operating Expenses was $524.8 million for Q2 2026 at Starwood Property Trust, up from $480.3 million in the prior quarter.
  • The five-year high for Operating Expenses was $583.5 million in Q2 2023, with the low at $243.8 million in Q1 2022.
  • Average Operating Expenses over 5 years is $452.5 million, with a median of $483.9 million recorded in 2023.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses soared 122.44% in 2023, then declined 24.56% in 2025.
  • Over 5 years, Operating Expenses stood at $430.2 million in 2022, then rose by 18.54% to $509.9 million in 2023, then retreated by 6.06% to $479.0 million in 2024, then rose by 0.71% to $482.4 million in 2025, then grew by 8.78% to $524.8 million in 2026.
  • The last three Operating Expenses figures came in at $524.8 million (Q2 2026), $480.3 million (Q1 2026), and $482.4 million (Q4 2025), per Business Quant data.
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 524.77 Mn
Mar 31, 2026 480.31 Mn
Dec 31, 2025 482.42 Mn
Sep 30, 2025 489.44 Mn
Jun 30, 2025 430.48 Mn
Mar 31, 2025 384.22 Mn
Dec 31, 2024 479.01 Mn
Sep 30, 2024 502.58 Mn
Jun 30, 2024 491.18 Mn
Mar 31, 2024 509.31 Mn
Dec 31, 2023 509.92 Mn
Sep 30, 2023 519.60 Mn
Jun 30, 2023 583.45 Mn
Mar 31, 2023 485.34 Mn
Dec 31, 2022 430.18 Mn
Sep 30, 2022 336.65 Mn
Jun 30, 2022 262.30 Mn
Mar 31, 2022 243.82 Mn
Dec 31, 2021 298.89 Mn
Sep 30, 2021 231.35 Mn