Annaly Capital Management NLY Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net income (loss) by Business | ||||||
| Agency | -$24.9M-103% | $843.54M+27.9% | $659.31M+855% | -$87.32M-63.0% | -$53.58M-115% | |
| MSR | $66.81M-42.1% | $115.4M+61.9% | $71.26M+2.3% | $69.65M-34.0% | $105.46M+23.8% | |
| Residential Credit | $255.75M+278% | $67.73M-42.2% | $117.09M+40.5% | $83.35M-2.8% | $85.79M+147% | |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent by Business | ||||||
| Agency | -$69.95M-107% | $979.36M+26.4% | $774.97M+2,039% | -$39.97M-123% | $176.7M+248% | |
| MSR | $66.81M-42.1% | $115.4M+61.9% | $71.26M+2.3% | $69.65M-34.0% | $105.46M+23.8% | |
| Residential Credit | $247.88M+292% | $63.27M-40.6% | $106.47M+33.0% | $80.08M+0.5% | $79.71M+82.1% | |
| Comprehensive income (loss) by Business | ||||||
| Agency | -$69.95M-107% | $979.36M+26.4% | $774.97M+2,039% | -$39.97M-123% | $176.7M+248% | |
| MSR | $66.81M-42.1% | $115.4M+61.9% | $71.26M+2.3% | $69.65M-34.0% | $105.46M+23.8% | |
| Residential Credit | $255.75M+278% | $67.73M-42.2% | $117.09M+40.5% | $83.35M-2.8% | $85.79M+147% | |
| Total provision by Business | ||||||
| Agency | $1.08M+75.9% | $615K+319% | -$281K-116% | -$130K-145% | $290K-77.3% | |
| MSR | $2.85M+101% | $1.42M+517% | -$341K-104% | $8.83M+3.8% | $8.51M-42.9% | |
| Residential Credit | -$5.45M+52.6% | -$11.5M-60.6% | -$7.16M+12.9% | -$8.22M-1,468% | -$524K+90.9% | |
| Net Income (Loss) Available to Common Stockholders, Basic by Business | ||||||
| Agency | -$24.9M-103% | $843.54M+27.9% | $659.31M+855% | -$87.32M-63.0% | -$53.58M-115% | |
| MSR | $66.81M-42.1% | $115.4M+61.9% | $71.26M+2.3% | $69.65M-34.0% | $105.46M+23.8% | |
| Residential Credit | $247.88M+292% | $63.27M-40.6% | $106.47M+33.0% | $80.08M+0.5% | $79.71M+82.1% | |
| Other Comprehensive Income (Loss), Net of Tax by Business | ||||||
| Agency | -$45.05M-133% | $135.82M+17.4% | $115.66M+144% | $47.36M-79.4% | $230.28M— | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Agency | -$23.82M-103% | $844.15M+28.1% | $659.03M+854% | -$87.45M-64.1% | -$53.29M-115% | |
| MSR | $69.67M-40.4% | $116.82M+64.7% | $70.92M-9.6% | $78.48M-31.1% | $113.97M+13.9% | |
| Residential Credit | $250.29M+345% | $56.23M-48.8% | $109.93M+46.3% | $75.13M-11.9% | $85.26M+194% | |
| Net income (loss) attributable to noncontrolling interests by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $7.86M+76.4% | $4.46M-58.0% | $10.62M+225% | $3.27M-46.2% | $6.08M— | |
| Net Servicing Income by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $142.55M+2.1% | $139.65M+10.6% | $126.25M-0.7% | $127.1M+0.6% | $126.32M+9.3% | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Nonoperating Income (Expense) by Business | ||||||
| Agency | -$334.54M-156% | $601.76M+21.5% | $495.45M+296% | -$252.85M-51.5% | -$166.93M-161% | |
| MSR | -$62.8M-371% | -$13.34M+70.9% | -$45.91M-16.6% | -$39.37M-1,230% | -$2.96M+56.6% | |
| Residential Credit | $144.36M— | —— | $32.34M+16,858% | -$193K-102% | $12.09M— | |
| Less: Total general and administrative expenses by Business | ||||||
| Agency | $18.12M-0.3% | $18.17M+1.9% | $17.83M+7.7% | $16.55M-4.4% | $17.32M+6.6% | |
| MSR | $10.09M+6.3% | $9.49M+0.7% | $9.42M+1.9% | $9.24M-1.6% | $9.39M+8.1% | |
| Residential Credit | $17.91M+5.0% | $17.06M+1.8% | $16.76M+5.3% | $15.92M+2.7% | $15.51M+13.0% | |
| Servicing and related income by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $159.13M+1.9% | $156.13M+10.5% | $141.36M-0.2% | $141.67M+0.9% | $140.44M+10.4% | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Total Assets by Business | ||||||
| Agency | $89.37B-2.7% | $91.82B+7.0% | $85.8B+14.0% | $75.29B+6.9% | $70.43B-2.0% | |
| MSR | $4.9B+11.6% | $4.39B+5.8% | $4.15B+8.1% | $3.84B-0.4% | $3.85B+13.0% | |
| Residential Credit | $44.24B+12.5% | $39.31B+9.8% | $35.81B+8.8% | $32.92B+7.3% | $30.68B+9.0% | |
| Comprehensive income (loss) attributable to noncontrolling interests by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $7.86M+76.4% | $4.46M-58.0% | $10.62M+225% | $3.27M-46.2% | $6.08M— | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax by Business | ||||||
| Agency | $0+100% | -$60.83M-2,458% | -$2.38M+82.8% | -$13.8M+78.9% | -$65.4M-107% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Receivable for unsettled trades by Business | ||||||
| Agency | $867.23M+102,410% | $846K-99.5% | $179.77M-83.7% | $1.1B+47,815% | $2.31M-99.9% | |
| MSR | $24.06M+12,906% | $185K-97.0% | $6.15M-79.5% | $29.98M+13,714% | $217K-99.6% | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment by Business | ||||||
| Agency | -$45.05M-133% | $135.82M+17.4% | $115.66M+144% | $47.36M-79.4% | $230.28M— | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Dividends on preferred stock by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Unrealized gains (losses) on available-for-sale securities by Business | ||||||
| Agency | -$45.05M-160% | $74.99M-33.8% | $113.28M+238% | $33.56M-79.6% | $164.88M+149% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Agency | $328.85M+26.2% | $260.56M+43.6% | $181.41M-0.3% | $181.95M+39.0% | $130.95M— | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $123.84M+16.8% | $106.02M+12.4% | $94.34M+3.4% | $91.24M+2.9% | $88.68M+4.1% | |
| Residential Credit | $630.64M+7.8% | $585.21M+8.4% | $539.91M+6.8% | $505.46M+8.3% | $466.85M+8.4% | |
| Servicing and related expense by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $16.58M+0.6% | $16.49M+9.1% | $15.1M+3.7% | $14.57M+3.2% | $14.11M+21.2% | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Dividends declared, not yet paid by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Interest Expense by Business | ||||||
| Agency | $765.44M-9.4% | $844.94M+4.2% | $811.18M+10.9% | $731.32M+1.8% | $718.25M-10.8% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $506.8M+5.8% | $479.19M+7.5% | $445.57M+7.6% | $414.22M+9.5% | $378.17M+9.4% | |
| Payable for unsettled trades by Business | ||||||
| Agency | $1.41B-27.3% | $1.94B-22.4% | $2.5B+68.8% | $1.48B-33.4% | $2.22B+691% | |
| MSR | $106.26M-11.8% | $120.42M+42.1% | $84.72M+42.9% | $59.28M-29.8% | $84.5M+204% | |
| Residential Credit | $6.02M— | $0-100% | $22.07M— | $0— | $0— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Annaly Capital Management break its business down?
- Annaly Capital Management (NLY) reports net income (loss) by business across 3 parts — Agency, MSR and Residential Credit. Each is extracted from the segment footnotes and tracked over time.
- Where does Annaly Capital Management's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Annaly Capital Management's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
