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.

• In Q1 2026, Operating Expenses rose 25.01% year-over-year to $480.3 million; the TTM figure through Mar 2026 stood at $1.9 billion (up 1.38% YoY), while the FY2025 annual figure was $1.8 billion, down 9.86% from the prior year.
• Operating Expenses was $480.3 million for Q1 2026 at Starwood Property Trust, roughly flat from $482.4 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $583.5 million in Q2 2023 to a low of $243.8 million in Q1 2022.
• Historically, Operating Expenses has averaged $448.2 million across 5 years, with a median of $482.4 million in 2025.
• The sharpest annual moves came in 2023 and 2025: Operating Expenses surged 122.44% in 2023, then dropped 24.56% in 2025.
• A 5-year view of Operating Expenses shows it 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.
• The last three Operating Expenses figures came in at $480.3 million (Q1 2026), $482.4 million (Q4 2025), and $489.4 million (Q3 2025), per Business Quant data.