Starwood Property Trust annual operating expenses
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Starwood Property Trust Operating Expenses Growth & History (STWD)
Starwood Property Trust's operating expenses was $1.79B for fiscal 2025.
View full Starwood Property Trust company overviewStarwood Property Trust annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.79B | −$195.5M | −9.86% |
| 2024 | 2024-12-31 | $1.98B | −$116.2M | −5.54% |
| 2023 | 2023-12-31 | $2.10B | $825.4M | +64.84% |
| 2022 | 2022-12-31 | $1.27B | $283.9M | +28.70% |
| 2021 | 2021-12-31 | $989.1M | $24.6M | +2.56% |
| 2020 | 2020-12-31 | $964.4M | −$65.4M | −6.35% |
| 2019 | 2019-12-31 | $1.03B | $52.2M | +5.34% |
| 2018 | 2018-12-31 | $977.6M | $242.4M | +32.97% |
| 2017 | 2017-12-31 | $735.2M | $84.1M | +12.92% |
| 2016 | 2016-12-31 | $651.1M | $114.8M | +21.42% |
| 2015 | 2015-12-31 | $536.3M | $52.3M | +10.80% |
| 2014 | 2014-12-31 | $484.0M | $110.8M | +29.70% |
| 2013 | 2013-12-31 | $373.2M | $251.4M | +206.47% |
| 2012 | 2012-12-31 | $121.8M | $41.3M | +51.41% |
| 2011 | 2011-12-31 | $80.4M | $50.4M | +167.60% |
| 2010 | 2010-12-31 | $30.1M | — | — |
Starwood Property Trust quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $524.8M | $94.3M | +21.90% |
| Q1 2026 | 2026-03-31 | $480.3M | $96.1M | +25.01% |
| Q4 2025 | 2025-12-31 | $482.4M | $3.4M | +0.71% |
| Q3 2025 | 2025-09-30 | $489.4M | −$13.1M | −2.61% |
| Q2 2025 | 2025-06-30 | $430.5M | −$60.7M | −12.36% |
| Q1 2025 | 2025-03-31 | $384.2M | −$125.1M | −24.56% |
| Q4 2024 | 2024-12-31 | $479.0M | −$30.9M | −6.06% |
| Q3 2024 | 2024-09-30 | $502.6M | −$17.0M | −3.28% |
| Q2 2024 | 2024-06-30 | $491.2M | −$92.3M | −15.82% |
| Q1 2024 | 2024-03-31 | $509.3M | $24.0M | +4.94% |
| Q4 2023 | 2023-12-31 | $509.9M | $79.7M | +18.54% |
| Q3 2023 | 2023-09-30 | $519.6M | $183.0M | +54.35% |
| Q2 2023 | 2023-06-30 | $583.5M | $321.2M | +122.44% |
| Q1 2023 | 2023-03-31 | $485.3M | $241.5M | +99.06% |
| Q4 2022 | 2022-12-31 | $430.2M | $131.3M | +43.93% |
| Q3 2022 | 2022-09-30 | $336.6M | $105.3M | +45.51% |
| Q2 2022 | 2022-06-30 | $262.3M | $36.4M | +16.09% |
| Q1 2022 | 2022-03-31 | $243.8M | $10.9M | +4.70% |
| Q4 2021 | 2021-12-31 | $298.9M | $67.5M | +29.16% |
| Q3 2021 | 2021-09-30 | $231.4M | $22.2M | +10.61% |
| Q2 2021 | 2021-06-30 | $225.9M | $3.7M | +1.67% |
| Q1 2021 | 2021-03-31 | $232.9M | −$68.7M | −22.79% |
| Q4 2020 | 2020-12-31 | $231.4M | −$38.4M | −14.24% |
| Q3 2020 | 2020-09-30 | $209.2M | −$44.1M | −17.41% |
| Q2 2020 | 2020-06-30 | $222.2M | −$31.2M | −12.32% |
| Q1 2020 | 2020-03-31 | $301.6M | $48.3M | +19.08% |
| Q4 2019 | 2019-12-31 | $269.8M | −$10.0M | −3.58% |
| Q3 2019 | 2019-09-30 | $253.2M | $20.8M | +8.97% |
| Q2 2019 | 2019-06-30 | $253.5M | $1.5M | +0.59% |
| Q1 2019 | 2019-03-31 | $253.3M | $39.9M | +18.68% |
| Q4 2018 | 2018-12-31 | $279.8M | $69.2M | +32.85% |
| Q3 2018 | 2018-09-30 | $232.4M | $44.2M | +23.48% |
| Q2 2018 | 2018-06-30 | $252.0M | $80.5M | +46.92% |
| Q1 2018 | 2018-03-31 | $213.4M | $48.5M | +29.42% |
| Q4 2017 | 2017-12-31 | $210.6M | $38.5M | +22.38% |
| Q3 2017 | 2017-09-30 | $188.2M | $12.2M | +6.91% |
| Q2 2017 | 2017-06-30 | $171.5M | $14.9M | +9.48% |
| Q1 2017 | 2017-03-31 | $164.9M | $18.6M | +12.70% |
| Q4 2016 | 2016-12-31 | $172.1M | $17.9M | +11.62% |
| Q3 2016 | 2016-09-30 | $176.0M | $48.0M | +37.46% |
| Q2 2016 | 2016-06-30 | $156.7M | $24.1M | +18.15% |
| Q1 2016 | 2016-03-31 | $146.3M | $24.9M | +20.50% |
| Q4 2015 | 2015-12-31 | $154.2M | $27.2M | +21.43% |
| Q3 2015 | 2015-09-30 | $128.1M | $7.7M | +6.39% |
| Q2 2015 | 2015-06-30 | $132.6M | $14.9M | +12.67% |
| Q1 2015 | 2015-03-31 | $121.4M | $2.5M | +2.07% |
| Q4 2014 | 2014-12-31 | $127.0M | $4.6M | +3.72% |
| Q3 2014 | 2014-09-30 | $120.4M | $11.1M | +10.17% |
| Q2 2014 | 2014-06-30 | $117.7M | $17.1M | +16.97% |
| Q1 2014 | 2014-03-31 | $119.0M | $78.1M | +191.07% |
| Q4 2013 | 2013-12-31 | $122.4M | $77.8M | +174.39% |
| Q3 2013 | 2013-09-30 | $109.3M | $78.5M | +254.74% |
| Q2 2013 | 2013-06-30 | $100.6M | $73.3M | +268.62% |
| Q1 2013 | 2013-03-31 | $40.9M | $21.8M | +114.55% |
| Q4 2012 | 2012-12-31 | $44.6M | $2.1M | +4.87% |
| Q3 2012 | 2012-09-30 | $30.8M | $17.4M | +130.16% |
| Q2 2012 | 2012-06-30 | $27.3M | $14.3M | +110.69% |
| Q1 2012 | 2012-03-31 | $19.1M | $7.5M | +65.12% |
| Q4 2011 | 2011-12-31 | $42.5M | $34.3M | +418.15% |
| Q3 2011 | 2011-09-30 | $13.4M | $4.7M | +54.97% |
| Q2 2011 | 2011-06-30 | $13.0M | $6.5M | +100.63% |
| Q1 2011 | 2011-03-31 | $11.5M | $4.8M | +70.96% |
| Q4 2010 | 2010-12-31 | $8.2M | — | — |
| Q3 2010 | 2010-09-30 | $8.6M | — | — |
| Q2 2010 | 2010-06-30 | $6.5M | — | — |
| Q1 2010 | 2010-03-31 | $6.7M | — | — |
Starwood Property Trust operating expenses trends
Over the last five fiscal years, Starwood Property Trust's operating expenses increased from $964.4M to $1.79B, a change of $822.2M. The latest reported quarter, Q2 2026, shows $524.8M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Starwood Property Trust source filings ↗