Annaly Capital Management Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	5,959	4,840	3,732	2,779	1,983
Total Interest Expense	4,824	2,387	3,074	-2,537	-1,673
Net Interest Income	1,136	2,453	658.04	5,316	3,656
Commissions and Fees	579.59	485.41	364.16	246.93	69.02
Gain (Loss) on Sale of Investments	1,746	-1,850	-2,126	-4,602	120.96
Other Revenue	-1,156	159.34	-295.62	1,019	-1,113
Revenue Before Loan Losses	2,305	1,248	-1,399	1,979	2,733
Provision for Loan Losses	-	-	-0.22	-20.66	-145.07
Revenue	2,305	1,248	-1,399	2,000	2,878
Revenue Growth (YoY)	84.69%	-	-	-30.50%	-
Salaries & Employee Benefits	151.55	130.4	119.59	112.7	118.45
Cost of Services Provided	108.35	90.42	80.61	75.17	74.19
Total Operating Expenses	259.9	220.83	200.21	187.87	192.64
Operating Income	2,045	1,027	-1,599	1,812	2,685
EBT Excluding Unusual Items	2,045	1,027	-1,599	1,812	2,685
Other Unusual Items	-	-	-	-	-5.58
Pretax Income	2,045	1,027	-1,599	1,772	2,401
Income Tax Expense	-6.87	15.26	39.43	45.57	4.68
Earnings From Continuing Ops.	2,052	1,012	-1,638	1,726	2,396
Minority Interest in Earnings	-24.43	-9.86	-4.71	-1.1	-6.38
Net Income	2,027	1,002	-1,643	1,725	2,390
Preferred Dividends & Other Adjustments	157.93	154.55	141.68	110.62	107.53
Net Income to Common	1,869	847.36	-1,785	1,615	2,282
Net Income Growth	102.34%	-	-	-27.81%	-
Shares Outstanding (Basic)	640	522	495	411	357
Shares Outstanding (Diluted)	641	523	495	412	357
Shares Change (YoY)	22.63%	5.70%	20.14%	15.25%	0.98%
EPS (Basic)	2.92	1.62	-3.61	3.93	6.40
EPS (Diluted)	2.92	1.62	-3.61	3.92	6.39
EPS Growth	80.25%	-	-	-38.65%	-
Free Cash Flow	-	3,311	2,367	5,372	3,077
Free Cash Flow Per Share	-	6.33	4.79	13.05	8.62
Dividend Per Share	2.800	2.600	2.600	3.520	3.520
Dividend Growth	7.69%	-	-26.14%	-	-3.30%
Operating Margin	88.72%	82.30%	-	90.61%	93.31%
Profit Margin	81.11%	67.91%	-	80.73%	79.31%
Free Cash Flow Margin	-	265.31%	-	268.60%	106.92%
Effective Tax Rate	-	1.49%	-	2.57%	0.19%

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.