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+9,536% | $1.36B+373% | $874.71M+247% | $136.99M+112% | $14.43M+101% | |
| MSR | $323.13M-11.5% | $361.77M+2.5% | $331.52M+9.9% | $324.89M+12.2% | $365.03M+26.2% | |
| Residential Credit | $523.91M+65.6% | $353.95M-7.4% | $321.01M-28.9% | $302.6M-19.2% | $316.31M-18.2% | |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent by Business | ||||||
| Agency | $1.64B+223% | $1.89B+212% | $962.52M-30.7% | $553.87M+659% | $508.95M+79.4% | |
| MSR | $323.13M-11.5% | $361.77M+2.5% | $331.52M+9.9% | $324.89M+12.2% | $365.03M+26.2% | |
| Residential Credit | $497.7M+64.4% | $329.52M-11.5% | $310.01M-27.6% | $286.32M-21.9% | $302.65M-20.3% | |
| Comprehensive income (loss) by Business | ||||||
| Agency | $1.64B+223% | $1.89B+212% | $962.52M-30.7% | $553.87M+659% | $508.95M+79.4% | |
| MSR | $323.13M-11.5% | $361.77M+2.5% | $331.52M+9.9% | $324.89M+12.2% | $365.03M+26.2% | |
| Residential Credit | $523.91M+65.6% | $353.95M-7.4% | $321.01M-30.1% | $302.6M-19.4% | $316.31M-17.2% | |
| Total provision by Business | ||||||
| Agency | $1.29M-24.8% | $494K-75.6% | $1.16M-0.6% | $1.46M-21.8% | $1.71M-30.4% | |
| MSR | $12.77M-65.9% | $18.42M-36.7% | $31.92M+125% | $34.38M+91.8% | $37.47M+96.2% | |
| Residential Credit | -$32.33M-122% | -$27.4M-74.4% | -$21.64M-215% | -$22.74M-409% | -$14.55M-280% | |
| Net Income (Loss) Available to Common Stockholders, Basic by Business | ||||||
| Agency | $1.39B+9,536% | $1.36B+373% | $874.71M+247% | $136.99M+112% | $14.43M+101% | |
| MSR | $323.13M-11.5% | $361.77M+2.5% | $331.52M+9.9% | $324.89M+12.2% | $365.03M+26.2% | |
| Residential Credit | $497.7M+64.4% | $329.52M-11.5% | $310.01M-27.6% | $286.32M-21.9% | $302.65M-20.3% | |
| Other Comprehensive Income (Loss), Net of Tax by Business | ||||||
| Agency | $253.79M— | $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+8,523% | $1.36B+370% | $875.86M+248% | $138.45M+112% | $16.14M+102% | |
| MSR | $335.89M-16.5% | $380.19M-0.5% | $363.44M+15.7% | $359.27M+17.5% | $402.5M+31.2% | |
| Residential Credit | $491.58M+62.9% | $326.55M-10.9% | $299.37M-33.8% | $279.86M-26.9% | $301.76M-22.6% | |
| 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— | $24.43M— | —— | —— | —— | |
| Net Servicing Income by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $535.55M+16.6% | $519.32M+19.1% | $495.25M+21.5% | $478.59M+24.0% | $459.39M+30.1% | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Nonoperating Income (Expense) by Business | ||||||
| Agency | $509.81M+692% | $677.43M+77.5% | $347.98M+216% | -$154.13M+81.2% | -$86.19M+85.1% | |
| MSR | -$161.42M-654% | -$101.58M-426% | -$95.06M— | -$83.12M— | -$21.42M— | |
| Less: Total general and administrative expenses by Business | ||||||
| Agency | $70.67M+7.8% | $69.86M+9.4% | $67.94M+9.5% | $66.27M+9.6% | $65.58M+8.8% | |
| MSR | $38.24M+7.8% | $37.55M+8.3% | $36.75M+9.3% | $36.21M+11.7% | $35.47M+14.1% | |
| Residential Credit | $67.65M+20.3% | $65.24M+22.2% | $61.9M+19.1% | $59.01M+17.4% | $56.24M+14.7% | |
| Servicing and related income by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $598.29M+17.1% | $579.59M+19.4% | $550.69M+20.6% | $531.91M+23.2% | $510.76M+29.3% | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Total Assets by Business | ||||||
| Agency | $342.28B+22.0% | $323.34B+16.9% | $303.36B+9.9% | $289.25B+5.4% | $280.62B+0.8% | |
| MSR | $17.27B+23.8% | $16.22B+21.8% | $15.24B+22.1% | $14.46B+23.0% | $13.95B+30.6% | |
| Residential Credit | $152.28B+40.3% | $138.72B+39.6% | $127.55B+41.1% | $117.97B+46.1% | $108.51B+48.4% | |
| 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— | $24.43M— | —— | —— | —— | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax by Business | ||||||
| Agency | -$77M+73.6% | -$142.41M+74.7% | -$113.22M+86.9% | -$126.61M+90.7% | -$292.05M+82.2% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Receivable for unsettled trades by Business | ||||||
| Agency | $2.15B-32.4% | $1.29B-68.5% | $3.43B-26.3% | $3.98B-19.9% | $3.18B-41.5% | |
| MSR | $60.37M-44.0% | $36.53M-73.2% | $95.43M+22.2% | $128.5M+172% | $107.83M+170% | |
| Residential Credit | $0— | $0-100% | $0-100% | $0-100% | $0-100% | |
| Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment by Business | ||||||
| Agency | $253.79M— | $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-12.7% | $386.71M+258% | -$25.4M-102% | $290.27M+312% | $202.47M+154% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Agency | $952.77M— | $754.87M— | —— | —— | —— | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $415.44M+36.7% | $380.28M+39.7% | $359.43M+53.4% | $333.34M+57.3% | $303.83M+52.2% | |
| Residential Credit | $2.26B+37.2% | $2.1B+40.8% | $1.94B+46.0% | $1.8B+53.4% | $1.65B+58.7% | |
| Servicing and related expense by Business | ||||||
| Agency | $0— | $0— | $0— | $0— | $0— | |
| MSR | $62.74M+22.1% | $60.27M+21.8% | $55.44M+13.0% | $53.32M+16.7% | $51.37M+22.3% | |
| 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-2.7% | $3.11B-7.8% | $3.07B-9.3% | $3.14B-6.1% | $3.24B-1.6% | |
| MSR | $0— | $0— | $0— | $0— | $0— | |
| Residential Credit | $1.85B+37.3% | $1.72B+41.0% | $1.58B+44.4% | $1.47B+52.6% | $1.34B+60.3% | |
| Payable for unsettled trades by Business | ||||||
| Agency | $7.33B+36.9% | $8.14B+46.2% | $6.48B-23.9% | $5.79B-34.6% | $5.35B-55.8% | |
| MSR | $370.67M+53.6% | $348.91M+23.4% | $256.26M-5.6% | $245.63M+4.3% | $241.35M+11.3% | |
| Residential Credit | $28.09M— | $22.07M— | $22.07M+220,570% | $0-100% | $0-100% |
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.
