NYSE$NLY
Annaly Capital Management Inc · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Annaly Capital Management reported Q3 2025 GAAP net income of $1.18B with earnings per share of $1.23.
GAAP net income was $1.18 billion, or $1.23 per average common share, as agency MBS portfolio positioning benefited from rate moves. Economic return and book value trends remain central to the mortgage REIT investment case.
- Q3 GAAP net income $1.18B; EPS $1.23.
- Agency MBS portfolio and hedge positioning drove results.
- Interest rate volatility affects book value and spreads.
- Leverage and funding costs remain key sensitivities.
Headline financials
Revenue & EPS history
Annaly · Revenue · Quarterly
$1.53B
Revenue by segment
Annaly · $76B total across 3 segments · Q3 2020
- Agency MBS$74.9B—98.5%
- Non-Agency MBS$718M—0.9%
- CRT Securities$412M—0.5%
Forward guidance
The filing discusses Annaly Capital Management's outlook, including capital allocation, operating priorities, and market risks relevant to the reported quarter.
Tailwinds
- Annaly Capital Management cites operational priorities and demand trends supporting the outlook.
- Balance sheet and liquidity actions aim to fund growth and returns.
- Portfolio cash flows and dividend coverage remain focal.
Headwinds
- Macro, pricing, and input-cost volatility could pressure margins.
- Segment mix and one-time items may affect quarter-to-quarter comparability.
- Interest rates, cap rates, and refinancing affect book value.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2025
+0.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+0.1%
Avg return
30 days after
45%
33 / 73 earnings
Positive
+5.9%
Q2 2022
Best reaction
-6.7%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.6% | -0.7% | -3.1% | |
| Q4 2025 | -1.1% | -5.9% | -4.2% | |
| Q3 2025 | -1.9% | -1.1% | +3.2% | |
| Q2 2025 | +0.0% | +0.4% | +5.6% | |
| Q1 2025 | -0.9% | -3.0% | -3.3% | |
| Q4 2024 | +3.6% | +3.7% | +11.1% | |
| Q3 2024 | +0.3% | -2.3% | +0.9% | |
| Q2 2024 | -3.3% | -1.7% | -1.5% | |
| Q1 2024 | +0.3% | +2.4% | +4.5% | |
| Q4 2023 | -0.5% | +0.9% | +3.9% | |
| Q3 2023 | -3.8% | -3.8% | +12.0% | |
| Q2 2023 | -2.5% | -2.4% | -4.2% | |
| Q1 2023 | +4.0% | +1.8% | -2.8% | |
| Q4 2022 | -6.7% | -6.0% | -21.1% | |
| Q3 2022 | +2.4% | +4.9% | +22.5% | |
| Q2 2022 | +5.9% | +7.6% | +2.3% | |
| Q1 2022 | +4.6% | +2.8% | +4.9% | |
| Q4 2021 | -0.9% | -5.1% | -6.5% | |
| Q3 2021 | -1.4% | -0.8% | -3.9% | |
| Q2 2021 | +1.8% | -0.6% | +3.2% | |
| Q1 2021 | +1.0% | +2.2% | +4.0% | |
| Q4 2020 | -1.2% | -0.9% | +2.1% | |
| Q3 2020 | -0.1% | +1.8% | +14.8% | |
| Q2 2020 | +2.5% | +2.6% | +2.2% | |
| Q1 2020 | -0.2% | -2.2% | -1.6% | |
| Q4 2019 | +3.4% | +4.3% | -30.9% | |
| Q3 2019 | +0.4% | +1.3% | +4.4% | |
| Q2 2019 | -2.9% | -4.7% | -14.2% | |
| Q1 2019 | -3.3% | -4.9% | -12.7% | |
| Q4 2018 | -1.8% | -2.5% | -1.2% | |
| Q3 2018 | -0.6% | -0.9% | +1.3% | |
| Q2 2018 | -1.2% | -2.0% | -0.9% | |
| Q1 2018 | -1.3% | +1.2% | +1.0% | |
| Q4 2017 | +1.8% | +2.2% | +1.6% | |
| Q3 2017 | -1.5% | -3.7% | +3.0% | |
| Q2 2017 | +0.6% | +0.2% | +3.1% | |
| Q1 2017 | -1.9% | -2.1% | +2.9% | |
| Q4 2016 | +3.3% | +3.4% | +5.2% | |
| Q3 2016 | -0.2% | +0.3% | -2.7% | |
| Q2 2016 | +0.8% | +1.3% | -0.4% | |
| Q1 2016 | +3.1% | — | — | |
| Q4 2015 | +1.2% | — | — | |
| Q3 2015 | -3.5% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | -0.7% | — | — | |
| Q3 2014 | -0.6% | — | — | |
| Q2 2014 | +1.7% | — | — | |
| Q1 2014 | -1.0% | — | — | |
| Q4 2013 | +3.5% | — | — | |
| Q3 2013 | -4.0% | — | — | |
| Q2 2013 | +4.5% | — | — | |
| Q1 2013 | -2.8% | — | — | |
| Q4 2012 | -0.9% | — | — | |
| Q3 2012 | -3.8% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | -0.7% | — | — | |
| Q2 2011 | +1.9% | — | — | |
| Q1 2011 | -0.5% | — | — | |
| Q4 2010 | +1.2% | — | — | |
| Q3 2010 | -0.7% | — | — | |
| Q2 2010 | +2.1% | — | — | |
| Q1 2009 | -2.5% | — | — | |
| Q1 2010 | +1.4% | — | — | |
| Q4 2007 | +2.5% | — | — | |
| Q4 2009 | +2.5% | — | — | |
| Q3 2008 | +1.3% | — | — | |
| Q3 2009 | +1.3% | — | — | |
| Q4 2008 | -0.8% | — | — | |
| Q2 2008 | -0.8% | — | — | |
| Q2 2009 | -0.8% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro