Annaly Capital Management NLY Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net income (loss) by Business | ||||||
| Agency | $1.39B+2.1% | $1.36B+55.7% | $874.71M+539% | $136.99M+849% | $14.43M-95.0% | |
| MSR | $323.13M-10.7% | $361.77M+9.1% | $331.52M+2.0% | $324.89M-11.0% | $365.03M+3.5% | |
| Residential Credit | $523.91M+48.0% | $353.95M+10.3% | $321.01M+6.1% | $302.6M-4.3% | $316.31M-17.2% | |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent by Business | ||||||
| Agency | $1.64B-13.0% | $1.89B+96.5% | $962.52M+73.8% | $553.87M+8.8% | $508.95M-16.0% | |
| MSR | $323.13M-10.7% | $361.77M+9.1% | $331.52M+2.0% | $324.89M-11.0% | $365.03M+3.5% | |
| Residential Credit | $497.7M+51.0% | $329.52M+6.3% | $310.01M+8.3% | $286.32M-5.4% | $302.65M-18.7% | |
| Comprehensive income (loss) by Business | ||||||
| Agency | $1.64B-13.0% | $1.89B+96.5% | $962.52M+73.8% | $553.87M+8.8% | $508.95M-16.0% | |
| MSR | $323.13M-10.7% | $361.77M+9.1% | $331.52M+2.0% | $324.89M-11.0% | $365.03M+3.5% | |
| Residential Credit | $523.91M+48.0% | $353.95M+10.3% | $321.01M+6.1% | $302.6M-4.3% | $316.31M-17.2% | |
| Total provision by Business | ||||||
| Agency | $1.29M+160% | $494K-57.3% | $1.16M-20.8% | $1.46M-14.5% | $1.71M-15.6% | |
| MSR | $12.77M-30.7% | $18.42M-42.3% | $31.92M-7.2% | $34.38M-8.2% | $37.47M+28.7% | |
| Residential Credit | -$32.33M-18.0% | -$27.4M-26.6% | -$21.64M+4.9% | -$22.74M-56.3% | -$14.55M+7.4% | |
| Net Income (Loss) Available to Common Stockholders, Basic by Business | ||||||
| Agency | $1.39B+2.1% | $1.36B+55.7% | $874.71M+539% | $136.99M+849% | $14.43M-95.0% | |
| MSR | $323.13M-10.7% | $361.77M+9.1% | $331.52M+2.0% | $324.89M-11.0% | $365.03M+3.5% | |
| Residential Credit | $497.7M+51.0% | $329.52M+6.3% | $310.01M+8.3% | $286.32M-5.4% | $302.65M-18.7% | |
| Other Comprehensive Income (Loss), Net of Tax by Business | ||||||
| Agency | $253.79M-52.0% | $529.12M— | —— | —— | —— | |
| 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 | $1.39B+2.2% | $1.36B+55.6% | $875.86M+533% | $138.45M+758% | $16.14M-94.4% | |
| MSR | $335.89M-11.7% | $380.19M+4.6% | $363.44M+1.2% | $359.27M-10.7% | $402.5M+5.4% | |
| Residential Credit | $491.58M+50.5% | $326.55M+9.1% | $299.37M+7.0% | $279.86M-7.3% | $301.76M-17.6% | |
| Net income (loss) attributable to noncontrolling interests by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $26.21M+7.3% | $24.43M— | —— | —— | —— | |
| Net Servicing Income by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $535.55M+3.1% | $519.32M+4.9% | $495.25M+3.5% | $478.59M+4.2% | $459.39M+5.4% | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Nonoperating Income (Expense) by Business | ||||||
| Agency | $509.81M-24.7% | $677.43M+94.7% | $347.98M+326% | -$154.13M-78.8% | -$86.19M-123% | |
| MSR | -$161.42M-58.9% | -$101.58M-6.9% | -$95.06M-14.4% | -$83.12M-288% | -$21.42M-10.8% | |
| Less: Total general and administrative expenses by Business | ||||||
| Agency | $70.67M+1.2% | $69.86M+2.8% | $67.94M+2.5% | $66.27M+1.1% | $65.58M+2.7% | |
| MSR | $38.24M+1.8% | $37.55M+2.2% | $36.75M+1.5% | $36.21M+2.1% | $35.47M+2.3% | |
| Residential Credit | $67.65M+3.7% | $65.24M+5.4% | $61.9M+4.9% | $59.01M+4.9% | $56.24M+5.3% | |
| Servicing and related income by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $598.29M+3.2% | $579.59M+5.2% | $550.69M+3.5% | $531.91M+4.1% | $510.76M+5.2% | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Total Assets by Business | ||||||
| Agency | $342.28B+5.9% | $323.34B+6.6% | $303.36B+4.9% | $289.25B+3.1% | $280.62B+1.4% | |
| MSR | $17.27B+6.5% | $16.22B+6.4% | $15.24B+5.4% | $14.46B+3.6% | $13.95B+4.8% | |
| Residential Credit | $152.28B+9.8% | $138.72B+8.8% | $127.55B+8.1% | $117.97B+8.7% | $108.51B+9.2% | |
| Comprehensive income (loss) attributable to noncontrolling interests by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $26.21M+7.3% | $24.43M— | —— | —— | —— | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax by Business | ||||||
| Agency | -$77M+45.9% | -$142.41M-25.8% | -$113.22M+10.6% | -$126.61M+56.6% | -$292.05M+48.0% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Receivable for unsettled trades by Business | ||||||
| Agency | $2.15B+67.2% | $1.29B-62.4% | $3.43B-13.8% | $3.98B+24.9% | $3.18B-22.1% | |
| MSR | $60.37M+65.3% | $36.53M-61.7% | $95.43M-25.7% | $128.5M+19.2% | $107.83M-20.9% | |
| Residential Credit | $0— | $0— | $0— | $0— | $0-100% | |
| Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment by Business | ||||||
| Agency | $253.79M-52.0% | $529.12M— | —— | —— | —— | |
| 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 | $176.78M-54.3% | $386.71M+1,622% | -$25.4M-109% | $290.27M+43.4% | $202.47M+183% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Agency | $952.77M+26.2% | $754.87M— | —— | —— | —— | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $415.44M+9.2% | $380.28M+5.8% | $359.43M+7.8% | $333.34M+9.7% | $303.83M+11.6% | |
| Residential Credit | $2.26B+7.8% | $2.1B+7.9% | $1.94B+8.0% | $1.8B+9.2% | $1.65B+10.6% | |
| Servicing and related expense by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $62.74M+4.1% | $60.27M+8.7% | $55.44M+4.0% | $53.32M+3.8% | $51.37M+3.8% | |
| 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 | $3.15B+1.5% | $3.11B+1.3% | $3.07B-2.4% | $3.14B-3.1% | $3.24B-3.8% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $1.85B+7.5% | $1.72B+8.4% | $1.58B+8.0% | $1.47B+9.1% | $1.34B+10.4% | |
| Payable for unsettled trades by Business | ||||||
| Agency | $7.33B-10.0% | $8.14B+25.6% | $6.48B+11.9% | $5.79B+8.2% | $5.35B-3.8% | |
| MSR | $370.67M+6.2% | $348.91M+36.2% | $256.26M+4.3% | $245.63M+1.8% | $241.35M-14.6% | |
| Residential Credit | $28.09M+27.3% | $22.07M0.0% | $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.
