Get started

Financials · NLY

Annaly Capital Management Inc. (NLY) financials

For the twelve months ended Sep 30, 2026, Annaly Capital Management Inc. reported $7.20B of revenue and $1.12B of net income.

Revenue, TTM
$7.20B
Revenue growth, YoY
+28.4%
Net income, TTM
$1.12B
Net income growth, YoY
-25.3%
Net margin
15.5%
EPS, diluted, TTM
$1.57
EPS growth, YoY
-28.3%
Cash
$2.18B
P/E
12.45
P/S
1.93
Market cap
$13.90B
Annual revenue$5.96B
FY2016FY2025
Annual net income$2.03B
FY2016FY2025

NLY revenue and earnings growth

NLY revenueQ3 2026$1.97B

Quarter YoY
+28.6%
QoQ
+8.7%
FY YoY
+23.1%
5Y CAGR
+21.7%
10Y CAGR
+10.6%

NLY revenue was $1.97B in fiscal Q3 2026 (ended Sep 30, 2026), up 28.6% from a year earlier and up 8.7% from the prior quarter. For the full fiscal 2025 it was $5.96B, up 23.1% from fiscal 2024. Compound annual growth was +21.7% over 5 years and +10.6% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

NLY net incomeQ3 2026-$1.00B

FY YoY
+102.3%
10Y CAGR
+15.8%

NLY net income was -$1.00B in fiscal Q3 2026 (ended Sep 30, 2026), compared with $832.45M a year earlier. For the full fiscal 2025 it was $2.03B, up 102.3% from fiscal 2024. Compound annual growth was +15.8% over 10 years.

NLY EPSQ3 2026-$1.36

FY YoY
+80.2%
10Y CAGR
+5.7%

NLY diluted EPS was -$1.36 in fiscal Q3 2026 (ended Sep 30, 2026), compared with $1.20 a year earlier. For the full fiscal 2025 it was $2.92, up 80.2% from fiscal 2024. Compound annual growth was +5.7% over 10 years.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$5.96B$4.84B$3.73B$2.78B$1.98B$2.23B$3.79B$3.33B$2.49B$2.21B
Selling, general and admin$199.63M$171.36M$162.55M$162.73M$186.01M$222.19M$271.77M$329.87M$224.12M$250.36M
Interest expense$4.82B$4.59B$3.84B$1.31B$249.24M$899.11M$2.78B$1.90B$1.01B$657.75M
Pre-tax income$2.04B$1.03B-$1.60B$1.77B$2.40B-$918.20M-$2.17B$51.77M$1.58B$1.43B
Income tax-$6.87M$15.26M$39.43M$45.57M$4.67M-$28.42M-$10.84M-$2.38M$6.98M-$1.59M
Net income$2.03B$1.00B-$1.64B$1.73B$2.39B-$891.16M-$2.16B$54.41M$1.57B$1.43B
EPS, basic$2.92$1.62-$3.61$3.93$6.40-$2.92-$6.40-$0.24$5.48$5.56
EPS, diluted$2.92$1.62-$3.61$3.92$6.39-$2.92-$6.40-$0.24$5.48$5.56
Diluted shares641.0M522.7M494.5M411.6M357.1M353.7M358.7M302.4M266.6M242.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$2.04B$1.49B$1.41B$1.58B$1.34B$1.24B$1.85B$1.74B$706.59M$1.54B
Goodwill----$0$71.80M$71.80M$71.80M$71.80M$71.81M
Total assets$135.61B$103.56B$93.23B$81.85B$76.76B$88.46B$130.30B$105.79B$101.76B$87.91B
Total debt-----$429.65M$490.63M-$312.50M$12.87M
Total liabilities$119.45B$90.86B$81.88B$70.48B$63.57B$74.43B$114.50B$91.67B$86.89B$75.33B
Shareholders' equity$16.09B$12.61B$11.35B$11.37B$13.20B$14.02B$15.80B$14.12B$14.87B$12.58B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$692.91M$3.31B$2.37B$5.37B$3.08B$527.97M-$1.20B$2.62B$1.63B$1.58B
Investing cash flow-$27.36B-$14.98B-$8.42B-$14.53B$4.90B$40.35B-$20.64B-$908.42M-$14.67B-$2.06B
Financing cash flow$27.22B$11.75B$5.88B$9.39B-$7.88B-$41.49B$21.96B-$684.44M$12.20B$251.77M
Dividends paid$1.88B$1.49B$1.52B$1.52B$1.36B$1.48B$1.69B$1.54B$1.35B$1.22B
Share repurchases---$0$0$209.42M$223.57M$0$0$102.71M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY23.1%29.7%34.3%40.1%-11.1%-41.1%13.6%33.7%12.8%1.9%
Net income growth, YoY102.3%---27.8%----96.5%9.5%207.3%
EPS growth, YoY80.2%---38.7%-----1.4%231.0%
Net margin34.0%20.7%-44.0%62.1%120.5%-40.0%-57.1%1.6%63.0%64.8%
Return on equity12.6%7.9%-14.5%15.2%18.1%-6.4%-13.7%0.4%10.6%11.4%
Return on assets1.5%1.0%-1.8%2.1%3.1%-1.0%-1.7%0.1%1.5%1.6%
Debt to equity-----0.030.03-0.020.00

Source: XBRL data Annaly Capital Management Inc. files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-4, first reported Nov 3, 2022.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NLY peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NLY$7.20B+28.4%$1.12B15.5%$13.90B
O$6.21B+10.8%$1.36B21.8%$55.94B
AGNC$4.20B+22.4%$103.00M2.5%$10.48B
CIM$891.93M+12.4%-$170.44M-19.1%$550.4M

NLY FAQ

7 questions
  • What is NLY revenue?
    Annaly Capital Management Inc. (NLY) reported $7.20B of revenue for the twelve months ended Sep 30, 2026. That is up 28.4% from the year before. Revenue for fiscal 2025 was $5.96B.
  • Is NLY profitable?
    Yes. Annaly Capital Management Inc. earned $1.12B in net income for the twelve months ended Sep 30, 2026, a net margin of 15.5%.
  • How much cash and debt does NLY have?
    Annaly Capital Management Inc. reported $2.18B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is NLY revenue growing?
    Annaly Capital Management Inc.'s revenue changed +23.1% in fiscal 2025, to $5.96B. Its compound annual growth rate was +21.7% over 5 years and +10.6% over 10 years.
  • What is NLY earnings per share?
    Diluted earnings per share were $1.57 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did NLY last report financial results?
    The latest statements here come from Annaly Capital Management Inc.'s 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
  • Where does this NLY financial data come from?
    Quantisnow builds these statements from the structured XBRL data Annaly Capital Management Inc. files with the SEC. It is provided for information only and is not investment advice.