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TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM 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%

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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.