Operating Expenses

G&A

Annaly Capital Management G&A increased by 2.7% to $52.56M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.4%, from $48.06M to $52.56M. Over 4 years (FY 2021 to FY 2025), G&A shows relatively stable performance with a 1.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2015
Last reportedQ1 2026Apr 29, 2026

How to read this metric

Rising G&A as a percentage of revenue may indicate organizational bloat, while stability suggests effective cost management.

Detailed definition

General and administrative expenses cover the overhead costs of running the business, including executive salaries, lega...

Peer comparison

Standard operating expense category; used to assess administrative leverage.

Metric ID: general_and_administrative

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$53.53M$43.88M$40.70M$45.76M$36.04M$37.92M$43.01M$40.83M$42.92M$39.91M$38.90M$38.57M$44.89M$43.92M$43.97M$48.06M$50.02M$50.34M$51.21M$52.56M
QoQ Change-18.0%-7.2%+12.4%-21.3%+5.2%+13.4%-5.1%+5.1%-7.0%-2.5%-0.9%+16.4%-2.2%+0.1%+9.3%+4.1%+0.6%+1.7%+2.7%
YoY Change-32.7%-13.6%+5.7%-10.8%+19.1%+5.2%-9.5%-5.5%+4.6%+10.1%+13.0%+24.6%+11.4%+14.6%+16.4%+9.4%
Range$36.04M$53.53M
CAGR-0.4%
Avg YoY Growth+3.9%
Median YoY Growth+7.5%
Current Streak6 quarters growth

Business Segments

View all
SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency$15.86M$16.15M$16.25M$17.32M$16.55M$17.83M$18.17M$18.12M
Residential Credit$13.15M$13.87M$13.72M$15.51M$15.92M$16.76M$17.06M$17.91M
MSR$8.51M$8.88M$8.69M$9.39M$9.24M$9.42M$9.49M$10.09M
Total$44.89M$43.92M$43.97M$48.06M$50.02M$50.34M$51.21M$52.56M

Frequently Asked Questions

What is Annaly Capital Management's g&a?
Annaly Capital Management (NLY) reported g&a of $52.56M in Q1 2026.
How has Annaly Capital Management's g&a changed year-over-year?
Annaly Capital Management's g&a increased by 9.4% year-over-year, from $48.06M to $52.56M.
What is the long-term trend for Annaly Capital Management's g&a?
Over 4 years (2021 to 2025), Annaly Capital Management's g&a has grown at a 1.8% compound annual growth rate (CAGR), from $186.01M to $199.63M.
What does g&a mean?
The overhead costs required to manage and support the company's operations.