Annaly Capital Management, Inc. (NLY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 1.63B | 1.79B | 1.63B | 1.79B | 1.49B | 1.95B | 1.25B | 1.65B | 1.51B | 1.45B | 1.73B | 1.32B | 1.11B | 1.99B | 968.83M | 789.18M | 403.61M | 540.88M | -924.4M | 454.19M |
| Revenue Growth % | 9.58% | -8.36% | 30.61% | 8.72% | -1.48% | 34.48% | -27.66% | 24.97% | 35.48% | -27.02% | 78.08% | 66.86% | 176.19% | 267.62% | 204.81% | 73.75% | -35.11% | -12.72% | -196.18% | 188.8% |
| Property Operating Expenses | 17.93M | 1.34M | 15.59M | 18.16M | 18.43M | 1.34M | 14.09M | 18.5M | 13.77M | 1.35M | 14.63M | 13.96M | 10.1M | 1.52M | 9.47M | 12.8M | 9.49M | 2.29M | 6.73M | 18.62M |
| Net Operating Income (NOI) | 1.61B | 1.79B | 1.61B | 1.77B | 1.47B | 1.95B | 1.23B | 1.63B | 1.5B | 1.45B | 1.71B | 1.3B | 1.1B | 1.99B | 959.36M | 776.38M | 394.12M | 538.59M | -931.13M | 435.57M |
| NOI Margin % | 98.9% | 99.92% | 99.04% | 98.99% | 98.76% | 99.93% | 98.87% | 98.88% | 99.09% | 99.91% | 99.15% | 98.94% | 99.09% | 99.92% | 99.02% | 98.38% | 97.65% | 99.58% | 100.73% | 95.9% |
| Operating Expenses | 51.22M | -547.35M | -477.46M | 564.42M | 233.74M | 315.01M | -58.15M | 500.16M | -68.72M | 795.31M | 1.22B | 173.9M | 1.13B | 2.2B | 834.22M | -304.79M | -1.73B | 35.2M | -1.51B | 665.76M |
| G&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | 1.56B | 2.33B | 2.1B | 1.22B | 1.24B | 1.64B | 1.3B | 1.14B | 1.57B | 655.08M | 497.44M | 1.14B | -24.46M | -209.28M | 129.87M | 1.09B | 2.13B | 504.53M | 582.58M | -220.88M |
| EBITDA Margin % | 95.8% | 130.57% | 128.81% | 67.94% | 83.67% | 83.82% | 104.09% | 69.04% | 104.09% | 45.14% | 28.83% | 86.26% | -2.19% | -10.53% | 13.41% | 137.81% | 527.85% | 93.28% | -63.02% | -48.63% |
| Depreciation & Amortization | 673K | 672K | 7.79M | 9.08M | 9.22M | 671K | 7.05M | 9.25M | 6.88M | 673K | 7.32M | 6.98M | 5.05M | 758K | 4.73M | 6.4M | 4.75M | 1.14M | 3.37M | 9.31M |
| D&A / Revenue % | 0.04% | 0.04% | 0.48% | 0.51% | 0.62% | 0.03% | 0.56% | 0.56% | 0.46% | 0.05% | 0.42% | 0.53% | 0.45% | 0.04% | 0.49% | 0.81% | 1.18% | 0.21% | -0.36% | 2.05% |
| Operating Income | 1.56B | 2.33B | 2.09B | 1.21B | 1.24B | 1.64B | 1.29B | 1.13B | 1.57B | 654.4M | 490.13M | 1.13B | -29.51M | -210.04M | 125.14M | 1.08B | 2.13B | 503.39M | 579.21M | -230.19M |
| Operating Margin % | 95.76% | 130.53% | 128.33% | 67.44% | 83.05% | 83.79% | 103.53% | 68.48% | 103.64% | 45.1% | 28.41% | 85.73% | -2.65% | -10.56% | 12.92% | 137% | 526.67% | 93.07% | -62.66% | -50.68% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 1.23x | 1.76x | 1.66x | 1.05x | 1.13x | 1.42x | 1.06x | 1.00x | 1.42x | 0.63x | 0.47x | 1.18x | -0.04x | -0.34x | 0.31x | 6.20x | 28.37x | 7.88x | 11.21x | -3.75x |
| Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.01M | 2.94M | 23.95M | 354K | 16.51M | 14.01M | -1.53M |
| Pretax Income | 289M | 1.01B | 835.24M | 60.81M | 138.57M | 483.48M | 76.22M | 3.1M | 464.23M | -389.5M | -556.69M | 175.46M | -828.29M | -886.9M | -278.29M | 886.74M | 2.05B | 425.09M | 514.77M | -289.71M |
| Pretax Margin % | 17.73% | 56.49% | 51.24% | 3.4% | 9.31% | 24.78% | 6.11% | 0.19% | 30.74% | -26.84% | -32.27% | 13.33% | -74.3% | -44.6% | -28.72% | 112.36% | 508.02% | 78.59% | -55.69% | -63.79% |
| Income Tax | -1.52M | -7.75M | -7.82M | 440K | 8.27M | 10.41M | -6.13M | 11.93M | -943K | 1.73M | 12.39M | 14.28M | 11.03M | -86K | -4.31M | 23.42M | 26.55M | 6.63M | -6.77M | 5.13M |
| Effective Tax Rate % | -0.53% | -0.77% | -0.94% | 0.72% | 5.97% | 2.15% | -8.05% | 385.12% | -0.2% | -0.44% | -2.23% | 8.14% | -1.33% | 0.01% | 1.55% | 2.64% | 1.29% | 1.56% | -1.31% | -1.77% |
| Net Income | 282.65M | 1.01B | 832.45M | 57.1M | 124.22M | 482.05M | 66.44M | -9.48M | 462.89M | -403.74M | -562.21M | 167.03M | -844.26M | -888.36M | -275.26M | 866.7M | 2.02B | 415.48M | 519.24M | -295.64M |
| Net Margin % | 17.34% | 56.67% | 51.07% | 3.19% | 8.35% | 24.7% | 5.32% | -0.58% | 30.65% | -27.82% | -32.59% | 12.68% | -75.74% | -44.68% | -28.41% | 109.82% | 501.04% | 76.82% | -56.17% | -65.09% |
| Net Income Growth % | 127.53% | 110.25% | 1152.83% | 702.12% | -73.16% | 219.4% | 111.82% | -105.68% | 154.83% | 54.55% | -104.24% | -80.73% | -141.75% | -313.82% | -153.01% | 393.16% | 15.5% | -52.64% | -48.88% | -134.53% |
| Funds From Operations (FFO) | 283.32M | 1.01B | 840.24M | 66.18M | 133.44M | 482.72M | 73.49M | -233K | 469.78M | -403.07M | -554.89M | 174.01M | -839.21M | -887.6M | -270.53M | 873.1M | 2.03B | 416.63M | 522.61M | -286.33M |
| FFO Margin % | 17.38% | 56.71% | 51.54% | 3.7% | 8.97% | 24.74% | 5.89% | -0.01% | 31.11% | -27.78% | -32.16% | 13.22% | -75.28% | -44.64% | -27.92% | 110.63% | 502.22% | 77.03% | -56.53% | -63.04% |
| FFO Growth % | 112.32% | 110.09% | 1043.32% | 28502.58% | -71.59% | 219.76% | 113.24% | -100.13% | 155.98% | 54.59% | -105.11% | -80.07% | -141.4% | -313.05% | -151.77% | 404.92% | 15.22% | -52.79% | -48.86% | -133.21% |
| FFO per Share | 0.39 | 1.46 | 1.35 | 0.11 | 0.23 | 0.85 | 0.14 | -0.00 | 0.94 | -0.81 | -1.12 | 0.35 | -1.71 | -1.90 | -0.63 | 2.29 | 5.54 | 1.15 | 1.45 | -0.81 |
| FFO Payout Ratio % | 189.08% | 51.56% | 57.97% | 693.57% | 309.66% | 83.19% | 499.94% | -155589.7% | 77.1% | -89.04% | -64.51% | 205.06% | -52.92% | -49.78% | -140.83% | 39.9% | 17.17% | 83.03% | 65.95% | -116.86% |
| EPS (Diluted) | 0.33 | 1.40 | 1.20 | 0.03 | 0.15 | 0.78 | 0.05 | -0.09 | 0.85 | -0.88 | -1.21 | 0.27 | -1.79 | -1.96 | -0.70 | 2.20 | 5.46 | 1.07 | 1.36 | -0.91 |
| EPS Growth % | 120% | 79.49% | 2400% | 134.26% | -82.35% | 188.43% | 103.96% | -135.07% | 147.51% | 55.02% | -72.41% | -87.96% | -132.78% | -283.63% | -151.62% | 341.01% | 10.8% | -55.58% | -51.23% | -139.68% |
| EPS (Basic) | 0.33 | 1.40 | 1.21 | 0.03 | 0.15 | 0.78 | 0.05 | -0.09 | 0.85 | -0.88 | -1.21 | 0.27 | -1.79 | -1.96 | -0.70 | 2.21 | 5.46 | 1.07 | 1.36 | -0.91 |
| Diluted Shares Outstanding | 724.36M | 695.03M | 622.77M | 621.1M | 588.42M | 570.65M | 516.83M | 500.95M | 501.18M | 499.87M | 494.33M | 494.36M | 489.69M | 468.25M | 429.86M | 380.9M | 365.61M | 363.85M | 361.59M | 352.56M |