◆ TICKERBASE · GLOBAL STOCK FINANCIAL DATA LIBRARY

Home › All stocks › N › NLY

Annaly Capital Management, Inc. (NLY) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

REAL ESTATE · REIT - MORTGAGE · DATA UPDATED 2026-09-19

Annaly Capital Management, Inc. (NLY) operates in the REIT - MORTGAGE industry and is headquartered in New York, United States with about 212 employees. Its market capitalization is roughly $16 billion. In the fiscal year ended 2025-12-31, NLY reported $6.7B in revenue and $2.0B in net income.

Annaly Capital Management, Inc., a diversified capital manager, engages in the residential mortgage finance business.

Interactive charts & full statements → Open the NLY valuation workbench →

NLY Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$3.4B	$6.7B	$6.4B	($1.7B)	$4.2B	$751M	$1.5B	$1.8B	$2.1B	$2.4B	$2.0B	$1.4B	$944M	$2.4B	$2.9B	$3.0B	$2.2B	$2.3B	$3.2B	$2.4B	$1.3B
Gross Profit	$3.4B	$6.7B	$6.3B	($1.7B)	$4.1B	$702M	$1.4B	$1.8B	$2.0B	$2.3B	$1.9B	$1.3B	$935M	$2.4B	$2.9B	$3.0B	$2.2B	$2.3B	$3.2B	$2.4B	$1.3B
Gross Margin %	99.5%	99.9%	99.0%	100.0%	99.0%	93.4%	96.9%	97.4%	98.3%	97.7%	96.5%	97.1%	99.0%	99.8%	99.7%	99.9%	99.9%	99.8%	99.9%	99.9%	99.9%
Operating Income (EBIT)	$4.4B	$6.9B	$5.6B	($1.6B)	$3.1B	$2.9B	($19M)	$611M	$155M	$1.6B	$1.5B	$958M	($301M)	$4.4B	$2.6B	$2.3B	$1.7B	$2.6B	$2.3B	$2.4B	$157M
Operating Margin %	129.5%	102.6%	88.4%	96.8%	75.2%	389.8%	-1.3%	33.7%	7.4%	67.0%	74.3%	69.1%	-31.8%	185.1%	88.8%	76.4%	77.9%	109.9%	73.4%	97.3%	12.5%
Net Income	$3.0B	$2.0B	$1.0B	($1.6B)	$1.7B	$2.4B	($891M)	($2.2B)	$54M	$1.6B	$1.4B	$467M	($842M)	$3.7B	$1.7B	$344M	$1.3B	$2.0B	$346M	$414M	$94M
Net Margin %	86.3%	30.3%	15.8%	99.5%	41.6%	318.1%	-60.0%	-119.2%	2.6%	66.8%	72.0%	33.7%	-89.2%	157.0%	59.3%	11.3%	57.1%	83.7%	10.9%	17.1%	7.5%
EBITDA	$8.2B	$6.9B	$5.7B	($1.6B)	$3.1B	$2.7B	$4M	$635M	$2.0B	$2.6B	$2.1B	$955M	($320M)	$4.4B	$2.4B	$1.4B	$2.9B	$3.8B	$4.2B	$4.3B	$1.2B
Earnings Per Share (EPS)	$4.31	$3.16	$1.92	$-3.32	$4.19	$6.69	$-2.52	$-6.03	$0.18	$5.89	$5.91	$1.97	$-3.55	$14.99	$6.90	$1.58	$8.11	$14.18	$2.73	$5.41	$2.24
Shares Outstanding (M)	732M	641M	523M	495M	412M	357M	354M	359M	302M	267M	243M	237M	237M	249M	251M	219M	156M	138M	127M	77M	42M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NLY Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	($1.6B)	$1.6B	$1.8B	$1.6B	$1.8B	$1.5B	$2.0B	$1.2B
Gross Profit	($1.6B)	$1.6B	$1.8B	$1.6B	$1.8B	$1.5B	$1.9B	$1.2B
Gross Margin %	98.9%	98.9%	99.9%	99.0%	99.0%	98.8%	99.9%	98.9%
Operating Income (EBIT)	($1.6B)	$1.6B	$2.3B	$2.1B	$1.2B	$1.2B	$1.6B	$1.3B
Operating Margin %	95.8%	95.8%	130.5%	128.3%	67.4%	83.0%	83.8%	103.5%
Net Income	$823M	$283M	$1.0B	$832M	$57M	$124M	$482M	$66M
Net Margin %	-50.5%	17.3%	56.7%	51.1%	3.2%	8.3%	24.7%	5.3%
EBITDA	$2.2B	$1.6B	$2.3B	$2.1B	$1.2B	$1.2B	$1.6B	$1.3B
Earnings Per Share (EPS)	$1.12	$0.39	$1.46	$1.34	$0.09	$0.21	$0.84	$0.13
Shares Outstanding (M)	732M	724M	695M	623M	621M	588M	571M	517M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NLY Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	($552M)	$693M	$3.3B	$2.4B	$5.4B	$3.1B	$528M	($1.2B)	$2.6B	$6.9B	$6.9B	($3.2B)	$6.1B	($12.9B)	$7.6B	$2.4B	$10.9B	$10.8B	$1.1B	$525M	$222M
Capital Expenditures (CapEx)	$1.0B	$915M	$863M	$397M	$1.0B	$538M	$32.7B	$25M	$0M	$11M	$174M	$275M	$165M	$20M	$67.5B	$4M	$0M	$0M	$0M	$0M	$0M
Free Cash Flow (FCF)	($1.6B)	($222M)	$2.4B	$2.0B	$4.4B	$2.5B	($32.1B)	($1.2B)	$2.6B	$6.9B	$6.7B	($3.4B)	$6.0B	($12.9B)	($59.8B)	$2.4B	$10.9B	$10.8B	$1.1B	$525M	$222M
FCF Margin %	-46.2%	-3.3%	38.5%	-119.3%	105.0%	337.9%	-2165.7%	-67.5%	126.1%	294.4%	335.3%	-248.2%	631.9%	-543.7%	-2042.6%	79.4%	489.6%	461.5%	35.0%	21.7%	17.7%
Dividends Paid	$2.0B	$1.9B	$1.5B	$1.5B	$1.5B	$1.4B	$1.5B	$1.7B	$1.5B	$1.4B	$1.2B	$1.2B	$1.2B	$1.6B	$2.1B	$2.0B	$1.6B	$1.3B	$975M	$264M	$96M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NLY Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$1.6B	($1.4B)	$644M	$24M	$181M	($156M)	$2.8B	($1.7B)	$477M
Capital Expenditures (CapEx)	$211M	$501M	$173M	$316M	$39M	$387M	$162M	$65M	$121M
Free Cash Flow (FCF)	$1.4B	($1.9B)	$472M	($292M)	$142M	($543M)	$2.6B	($1.7B)	$356M
FCF Margin %	—	-116.7%	26.4%	-17.9%	7.9%	-36.5%	135.6%	-139.2%	—
Dividends Paid	—	$536M	$523M	$487M	$459M	$413M	$402M	$367M	$363M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NLY Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$143.7B	$135.6B	$103.6B	$93.2B	$81.9B	$76.8B	$88.5B	$130.3B	$105.8B	$101.8B	$87.9B	$75.2B	$88.4B	$81.9B	$133.5B	$109.6B	$83.0B	$69.4B	$57.6B	$53.9B	$30.7B
Cash & Cash Equivalents	$2.9B	$2.0B	$285M	$276M	$1.6B	$1.3B	$1.2B	$1.9B	$1.7B	$707M	$1.5B	$1.8B	$1.7B	$552M	$616M	$994M	$283M	$1.5B	$909M	$104M	$92M
Total Liabilities	$126.8B	$119.5B	$90.9B	$81.9B	$70.5B	$63.6B	$74.4B	$114.5B	$91.7B	$86.9B	$75.3B	$63.3B	$75.0B	$69.5B	$117.5B	$93.9B	$73.2B	$59.8B	$50.4B	$48.6B	$28.1B
Total Debt (Short + Long-Term)	$0M	$113.8B	$89.6B	$77.5B	$9.0B	$7.1B	$66.3B	$104.5B	$82.0B	$78.6B	$67.1B	$58.3B	$3.5B	$845M	$5.2B	$540M	$1.6B	$0M	$0M	$0M	$0M
Total Shareholders' Equity	$16.9B	$16.1B	$12.6B	$11.3B	$11.4B	$13.2B	$14.0B	$15.8B	$14.1B	$14.9B	$12.6B	$11.9B	$13.3B	$12.4B	$15.9B	$15.8B	$9.9B	$9.6B	$7.2B	$5.3B	$2.7B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive NLY viewer.

NLY Metric Deep Dives

Other Companies in REIT - MORTGAGE

AGNC · AGNC Investment Corp. — $12 billion
STWD · Starwood Property Trust Inc — $6 billion
RITM · Rithm Capital Corp. — $5 billion
DX · Dynex Capital Inc — $3 billion
BXMT · Blackstone Mortgage Trust Inc — $2 billion
ARR · ARMOUR Residential REIT Inc — $2 billion
EFC · Ellington Financial Inc. — $2 billion
LADR · Ladder Capital Corp Class A — $1 billion

This page in other languages: עברית · Русский · Español · Português · 中文 · العربية · Français · Italiano · 日本語 · Deutsch · فارسی · हिन्दी

← NLSI All “N” companies NMAD →

About TickerBase · Data methodology & sources · Privacy · Terms

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.