Annaly Capital Management Return on Equity (ROE) Growth & History (NLY)
Annaly Capital Management's return on equity was 14.13% for fiscal 2025.
View full Annaly Capital Management company overviewAnnaly Capital Management annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 14.13% | +5.73 pp |
| 2024 | 2024-12-31 | 8.40% | +22.99 pp |
| 2023 | 2023-12-31 | −14.59% | −28.71 pp |
| 2022 | 2022-12-31 | 14.12% | −3.47 pp |
| 2021 | 2021-12-31 | 17.59% | +23.57 pp |
| 2020 | 2020-12-31 | −5.98% | +8.48 pp |
| 2019 | 2019-12-31 | −14.47% | −14.84 pp |
| 2018 | 2018-12-31 | 0.38% | −11.07 pp |
| 2017 | 2017-12-31 | 11.44% | −0.28 pp |
| 2016 | 2016-12-31 | 11.72% | +8.02 pp |
| 2015 | 2015-12-31 | 3.70% | +10.24 pp |
| 2014 | 2014-12-31 | −6.54% | −32.88 pp |
| 2013 | 2013-12-31 | 26.33% | +15.37 pp |
| 2012 | 2012-12-31 | 10.96% | +8.27 pp |
| 2011 | 2011-12-31 | 2.69% | −10.36 pp |
| 2010 | 2010-12-31 | 13.05% | −10.39 pp |
| 2009 | 2009-12-31 | 23.44% | +17.85 pp |
| 2008 | 2008-12-31 | 5.59% | — |
Annaly Capital Management quarterly return on equity
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.96% | +4.52 pp |
| Q1 2026 | 2026-03-31 | 1.75% | +0.78 pp |
| Q4 2025 | 2025-12-31 | 6.54% | +2.69 pp |
| Q3 2025 | 2025-09-30 | 5.88% | +5.32 pp |
| Q2 2025 | 2025-06-30 | 0.43% | +0.52 pp |
| Q1 2025 | 2025-03-31 | 0.97% | −3.11 pp |
| Q4 2024 | 2024-12-31 | 3.85% | +7.55 pp |
| Q3 2024 | 2024-09-30 | 0.56% | +5.60 pp |
| Q2 2024 | 2024-06-30 | −0.08% | −1.50 pp |
| Q1 2024 | 2024-03-31 | 4.08% | +11.41 pp |
| Q4 2023 | 2023-12-31 | −3.70% | +4.33 pp |
| Q3 2023 | 2023-09-30 | −5.03% | −2.52 pp |
| Q2 2023 | 2023-06-30 | 1.42% | −6.30 pp |
| Q1 2023 | 2023-03-31 | −7.32% | −23.76 pp |
| Q4 2022 | 2022-12-31 | −8.03% | −11.12 pp |
| Q3 2022 | 2022-09-30 | −2.51% | −6.32 pp |
| Q2 2022 | 2022-06-30 | 7.72% | +9.86 pp |
| Q1 2022 | 2022-03-31 | 16.44% | +3.97 pp |
| Q4 2021 | 2021-12-31 | 3.09% | −3.13 pp |
| Q3 2021 | 2021-09-30 | 3.80% | −3.46 pp |
| Q2 2021 | 2021-06-30 | −2.14% | −8.60 pp |
| Q1 2021 | 2021-03-31 | 12.48% | +38.03 pp |
| Q4 2020 | 2020-12-31 | 6.22% | −1.58 pp |
| Q3 2020 | 2020-09-30 | 7.26% | +12.09 pp |
| Q2 2020 | 2020-06-30 | 6.46% | +17.75 pp |
| Q1 2020 | 2020-03-31 | −25.55% | −19.87 pp |
| Q4 2019 | 2019-12-31 | 7.80% | +23.32 pp |
| Q3 2019 | 2019-09-30 | −4.83% | −7.52 pp |
| Q2 2019 | 2019-06-30 | −11.29% | −15.59 pp |
| Q1 2019 | 2019-03-31 | −5.68% | −14.90 pp |
| Q4 2018 | 2018-12-31 | −15.52% | −20.67 pp |
| Q3 2018 | 2018-09-30 | 2.69% | −0.06 pp |
| Q2 2018 | 2018-06-30 | 4.30% | +4.19 pp |
| Q1 2018 | 2018-03-31 | 9.22% | +5.72 pp |
| Q4 2017 | 2017-12-31 | 5.15% | −9.17 pp |
| Q3 2017 | 2017-09-30 | 2.75% | −3.15 pp |
| Q2 2017 | 2017-06-30 | 0.12% | +2.51 pp |
| Q1 2017 | 2017-03-31 | 3.49% | +10.87 pp |
| Q4 2016 | 2016-12-31 | 14.32% | +8.78 pp |
| Q3 2016 | 2016-09-30 | 5.90% | +10.94 pp |
| Q2 2016 | 2016-06-30 | −2.40% | −9.40 pp |
| Q1 2016 | 2016-03-31 | −7.37% | −3.77 pp |
| Q4 2015 | 2015-12-31 | 5.54% | +10.52 pp |
| Q3 2015 | 2015-09-30 | −5.05% | −7.72 pp |
| Q2 2015 | 2015-06-30 | 7.00% | +9.57 pp |
| Q1 2015 | 2015-03-31 | −3.60% | −1.89 pp |
| Q4 2014 | 2014-12-31 | −4.98% | −13.10 pp |
| Q3 2014 | 2014-09-30 | 2.67% | +1.20 pp |
| Q2 2014 | 2014-06-30 | −2.57% | −14.04 pp |
| Q1 2014 | 2014-03-31 | −1.72% | −7.29 pp |
| Q4 2013 | 2013-12-31 | 8.12% | +3.87 pp |
| Q3 2013 | 2013-09-30 | 1.47% | +0.12 pp |
| Q2 2013 | 2013-06-30 | 11.47% | +12.03 pp |
| Q1 2013 | 2013-03-31 | 5.57% | −0.12 pp |
| Q4 2012 | 2012-12-31 | 4.24% | +1.43 pp |
| Q3 2012 | 2012-09-30 | 1.35% | +7.53 pp |
| Q2 2012 | 2012-06-30 | −0.57% | −1.47 pp |
| Q1 2012 | 2012-03-31 | 5.69% | −0.47 pp |
| Q4 2011 | 2011-12-31 | 2.81% | −9.71 pp |
| Q3 2011 | 2011-09-30 | −6.18% | −6.03 pp |
| Q2 2011 | 2011-06-30 | 0.90% | +3.17 pp |
| Q1 2011 | 2011-03-31 | 6.16% | +3.22 pp |
| Q4 2010 | 2010-12-31 | 12.53% | +4.79 pp |
| Q3 2010 | 2010-09-30 | −0.15% | −3.32 pp |
| Q2 2010 | 2010-06-30 | −2.27% | −9.80 pp |
| Q1 2010 | 2010-03-31 | 2.94% | — |
| Q4 2009 | 2009-12-31 | 7.73% | — |
| Q3 2009 | 2009-09-30 | 3.17% | — |
| Q2 2009 | 2009-06-30 | 7.53% | — |
Annaly Capital Management return on equity trends
Over the last five fiscal years, Annaly Capital Management's return on equity increased from −5.98% to 14.13%, a change of +20.11 percentage points. The latest reported quarter, Q2 2026, shows 4.96%.
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Annaly Capital Management source filings ↗