Agency — Interest Expense
Annaly Capital Management Agency — Interest Expense decreased by 9.4% to $765.44M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.6%, from $718.25M to $765.44M. Over 3 years (FY 2022 to FY 2025), Agency — Interest Expense shows an upward trend with a 49.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase signals higher borrowing costs or increased leverage, which may compress net interest margins if not offset by higher asset yields.
Detailed definition
The total cost of financing the Agency mortgage portfolio, primarily consisting of interest paid on repurchase agreement...
Peer comparison
Common across all leveraged financial institutions; comparable to interest expense on repo funding at other mREITs.
nly_segment_agency_interest_expenseHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $234.02M | $234.02M | $234.02M | $234.02M | $651.68M | $778.48M | $849.42M | $816.66M | $846.77M | $830.32M | $885.98M | $804.91M | $718.25M | $731.32M | $811.18M | $844.94M | $765.44M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +178.5% | +19.5% | +9.1% | -3.9% | +3.7% | -1.9% | +6.7% | -9.2% | -10.8% | +1.8% | +10.9% | +4.2% | -9.4% |
| YoY Change | — | — | — | — | +178.5% | +232.7% | +263.0% | +249.0% | +29.9% | +6.7% | +4.3% | -1.4% | -15.2% | -11.9% | -8.4% | +5.0% | +6.6% |
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Frequently Asked Questions
- What is Annaly Capital Management's agency — interest expense?
- Annaly Capital Management (NLY) reported agency — interest expense of $765.44M in Q1 2026.
- How has Annaly Capital Management's agency — interest expense changed year-over-year?
- Annaly Capital Management's agency — interest expense increased by 6.6% year-over-year, from $718.25M to $765.44M.
- What is the long-term trend for Annaly Capital Management's agency — interest expense?
- Over 3 years (2022 to 2025), Annaly Capital Management's agency — interest expense has grown at a 49.1% compound annual growth rate (CAGR), from $936.06M to $3.11B.
- What does agency — interest expense mean?
- The cost of borrowing money to finance the Agency mortgage portfolio.