Annaly Capital Management NLY Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net income (loss) by Business | ||||||
| Agency | -$24.9M+53.5% | $843.54M+137% | $659.31M+941% | -$87.32M+58.4% | -$53.58M-124% | |
| MSR | $66.81M-36.6% | $115.4M+35.5% | $71.26M+10.3% | $69.65M-36.6% | $105.46M+13.1% | |
| Residential Credit | $255.75M+198% | $67.73M+94.7% | $117.09M+18.7% | $83.35M-14.1% | $85.79M-43.4% | |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent by Business | ||||||
| Agency | -$69.95M-140% | $979.36M+1,827% | $774.97M+112% | -$39.97M+52.9% | $176.7M-35.4% | |
| MSR | $66.81M-36.6% | $115.4M+35.5% | $71.26M+10.3% | $69.65M-36.6% | $105.46M+13.1% | |
| Residential Credit | $247.88M+211% | $63.27M+44.6% | $106.47M+28.6% | $80.08M-16.9% | $79.71M-46.6% | |
| Comprehensive income (loss) by Business | ||||||
| Agency | -$69.95M-140% | $979.36M+1,827% | $774.97M+112% | -$39.97M+52.9% | $176.7M-35.4% | |
| MSR | $66.81M-36.6% | $115.4M+35.5% | $71.26M+10.3% | $69.65M-36.6% | $105.46M+13.1% | |
| Residential Credit | $255.75M+198% | $67.73M+94.7% | $117.09M+18.7% | $83.35M-14.1% | $85.79M-43.4% | |
| Total provision by Business | ||||||
| Agency | $1.08M+273% | $615K-51.9% | -$281K-1,322% | -$130K-210% | $290K-52.2% | |
| MSR | $2.85M-66.5% | $1.42M-90.5% | -$341K-116% | $8.83M-25.9% | $8.51M+5,611% | |
| Residential Credit | -$5.45M-941% | -$11.5M-100% | -$7.16M+13.4% | -$8.22M-34,138% | -$524K+68.8% | |
| Net Income (Loss) Available to Common Stockholders, Basic by Business | ||||||
| Agency | -$24.9M+53.5% | $843.54M+137% | $659.31M+941% | -$87.32M+58.4% | -$53.58M-124% | |
| MSR | $66.81M-36.6% | $115.4M+35.5% | $71.26M+10.3% | $69.65M-36.6% | $105.46M+13.1% | |
| Residential Credit | $247.88M+211% | $63.27M+44.6% | $106.47M+28.6% | $80.08M-16.9% | $79.71M-46.6% | |
| Other Comprehensive Income (Loss), Net of Tax by Business | ||||||
| Agency | -$45.05M-120% | $135.82M— | $115.66M-74.0% | $47.36M-62.1% | $230.28M+331% | |
| 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+55.3% | $844.15M+136% | $659.03M+941% | -$87.45M+58.3% | -$53.29M-124% | |
| MSR | $69.67M-38.9% | $116.82M+16.7% | $70.92M+6.2% | $78.48M-35.5% | $113.97M+22.0% | |
| Residential Credit | $250.29M+194% | $56.23M+93.6% | $109.93M+21.6% | $75.13M-22.6% | $85.26M-43.1% | |
| 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+29.3% | $4.46M— | $10.62M-33.2% | $3.27M+403% | $6.08M+166% | |
| Net Servicing Income by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $142.55M+12.8% | $139.65M+20.8% | $126.25M+15.2% | $127.1M+17.8% | $126.32M+22.8% | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Nonoperating Income (Expense) by Business | ||||||
| Agency | -$334.54M-100% | $601.76M+121% | $495.45M+7,541% | -$252.85M-36.7% | -$166.93M-155% | |
| MSR | -$62.8M-2,021% | -$13.34M-95.7% | -$45.91M-35.2% | -$39.37M-276% | -$2.96M-240% | |
| Residential Credit | $144.36M+1,094% | —— | $32.34M-10.2% | -$193K-100% | $12.09M-88.5% | |
| Less: Total general and administrative expenses by Business | ||||||
| Agency | $18.12M+4.7% | $18.17M+11.8% | $17.83M+10.4% | $16.55M+4.3% | $17.32M+11.1% | |
| MSR | $10.09M+7.4% | $9.49M+9.1% | $9.42M+6.2% | $9.24M+8.7% | $9.39M+9.3% | |
| Residential Credit | $17.91M+15.5% | $17.06M+24.4% | $16.76M+20.8% | $15.92M+21.1% | $15.51M+22.3% | |
| Servicing and related income by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $159.13M+13.3% | $156.13M+22.7% | $141.36M+15.3% | $141.67M+17.6% | $140.44M+22.0% | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Total Assets by Business | ||||||
| Agency | $89.37B+26.9% | $91.82B+27.8% | $85.8B+19.7% | $75.29B+12.9% | $70.43B+5.9% | |
| MSR | $4.9B+27.3% | $4.39B+28.8% | $4.15B+23.0% | $3.84B+15.3% | $3.85B+19.9% | |
| Residential Credit | $44.24B+44.2% | $39.31B+39.7% | $35.81B+36.5% | $32.92B+40.3% | $30.68B+42.5% | |
| 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+29.3% | $4.46M— | $10.62M-33.2% | $3.27M+403% | $6.08M+166% | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax by Business | ||||||
| Agency | $0+100% | -$60.83M-92.2% | -$2.38M+84.9% | -$13.8M+92.3% | -$65.4M+80.5% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Receivable for unsettled trades by Business | ||||||
| Agency | $867.23M+37,508% | $846K-100.0% | $179.77M-75.3% | $1.1B+255% | $2.31M-99.7% | |
| MSR | $24.06M+10,988% | $185K-99.7% | $6.15M-84.3% | $29.98M+222% | $217K-99.2% | |
| 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 | -$45.05M-120% | $135.82M— | $115.66M-74.0% | $47.36M-62.1% | $230.28M+331% | |
| 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-127% | $74.99M+122% | $113.28M-73.6% | $33.56M+162% | $164.88M+158% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Agency | $328.85M+151% | $260.56M— | $181.41M+426% | $181.95M+2,125% | $130.95M+302% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $123.84M+39.7% | $106.02M+24.5% | $94.34M+38.2% | $91.24M+47.8% | $88.68M+55.2% | |
| Residential Credit | $630.64M+35.1% | $585.21M+35.8% | $539.91M+36.1% | $505.46M+43.0% | $466.85M+51.1% | |
| Servicing and related expense by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $16.58M+17.5% | $16.49M+41.5% | $15.1M+16.3% | $14.57M+15.5% | $14.11M+15.5% | |
| 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+6.6% | $844.94M+5.0% | $811.18M-8.4% | $731.32M-11.9% | $718.25M-15.2% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $506.8M+34.0% | $479.19M+38.6% | $445.57M+35.7% | $414.22M+41.9% | $378.17M+50.2% | |
| Payable for unsettled trades by Business | ||||||
| Agency | $1.41B-36.5% | $1.94B+591% | $2.5B+37.9% | $1.48B+42.1% | $2.22B-8.7% | |
| MSR | $106.26M+25.7% | $120.42M+334% | $84.72M+14.3% | $59.28M+7.8% | $84.5M-32.9% | |
| Residential Credit | $6.02M— | $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.
