What is the current annual gross margin of NLY?

As of today, NLY annual gross margin is 99.96%

What is 1-year change in NLY annual gross margin?

NLY annual gross margin is up +0.44% year-over-year

What is 3-year change in NLY annual gross margin?

NLY annual gross margin is up +0.45% over the past 3 years

How far is NLY annual gross margin from its all-time high?

NLY annual gross margin is currently -0.04% below its historical high of 100.00% set on December 31, 2000

How does NLY annual gross margin rank versus sector peers?

NLY annual gross margin is higher than 99.21% of companies in Real Estate sector

When is NLY next annual earnings release?

The next annual earnings release for NLY is on January 27, 2027

What is the current quarterly gross margin of NLY?

As of today, NLY quarterly gross margin is 96.54%

What is NLY quarterly gross margin most recent change?

NLY quarterly gross margin was down -3.43% on September 30, 2026

What is 1-year change in NLY quarterly gross margin?

NLY quarterly gross margin is down -2.99% year-over-year

How far is NLY quarterly gross margin from its all-time high?

NLY quarterly gross margin is currently -5.81% below its historical high of 102.50% set on December 31, 2018

How does NLY quarterly gross margin rank versus sector peers?

NLY quarterly gross margin is higher than 95.93% of companies in Real Estate sector

When is NLY next earnings release?

The next earnings release for NLY is on January 27, 2027

NLY Gross Margin History & Chart Since 1997

Annual Gross Margin

99.96%0.44%+0.44%

December 31, 2025

Summary

Current Value: As of today, NLY annual gross margin is 99.96%, up +0.44% on December 31, 2025
Historical Performance: NLY annual gross margin is up +0.45% over the past 3 years, up +1.51% over the past 5 years
All-Time High Comparison: NLY annual gross margin is currently -0.04% below its historical high of 100.00% set on December 31, 2000
3-Year Low Comparison: NLY annual gross margin is +0.45% above its 3-year low of 99.51% reached on an earlier date
Sector Comparison: NLY annual gross margin is higher than 99.21% of companies in Real Estate sector

Gross Margin Chart

beforeafter

Performance

NLY Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	99.96%	+0.4%	+0.5%	+1.5%	+0.0%
Quarterly Gross Margin	Sep 30, 26	96.54%	-3.0%	-3.0%	-3.8%	-3.4%
Price	Oct 22, 26	$18.34	-12.2%	+14.0%	-47.2%	-71.4%
PE Ratio	Oct 22, 26	12.89	+33.3%	–	+188.4%	+52.2%
Annual Revenue	Dec 31, 25	$6.70B	+5.3%	+61.3%	+351.0%	+201.8%
Annual Gross Profit	Dec 31, 25	$7.07B	+11.7%	+71.1%	+383.4%	+218.7%
Annual Operating Margin	Dec 31, 25	97.02%	+9.7%	+29.0%	+7620.9%	+24.6%
Annual Net Margin	Dec 31, 25	30.64%	+92.5%	-26.4%	+151.1%	-46.4%

Gross Margin Highs

NLY Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	99.96%	Dec 31, 25	at high
5Y	99.96%	Dec 31, 25	at high
All	100.00%	Dec 31, 00	-0.0%

Gross Margin Lows

NLY Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	99.51%	N/A	+0.5%
5Y	96.72%	Dec 31, 21	+3.4%
All	0.00%	Dec 31, 97	N/A

Gross Margin History

Year	Value	Change
2025	99.96%	+0.4%
2024	99.52%	-0.0%
2023	99.56%	+0.1%
2022	99.51%	+2.9%
2021	96.72%	-1.8%
2020	98.47%	-0.2%
2019	98.69%	-0.4%
2018	99.13%	+0.3%
2017	98.87%	+0.6%
2016	98.26%	-0.3%
2015	98.56%	-1.0%
2014	99.51%	-0.4%
2013	99.89%	+0.0%
2012	99.86%	>+9,900.0%
2011	0.00%	-100.0%

Year	Value	Change
2010	99.93%	+0.0%
2009	99.90%	>+9,900.0%
2008	0.00%	0.0%
2007	0.00%	0.0%
2006	0.00%	0.0%
2005	0.00%	0.0%
2004	0.00%	-100.0%
2003	100.00%	0.0%
2002	100.00%	0.0%
2001	100.00%	0.0%
2000	100.00%	+0.0%
1999	99.97%	-0.0%
1998	99.98%	>+9,900.0%
1997	0.00%	-

FAQ

What is the current annual gross margin of NLY?: As of today, NLY annual gross margin is 99.96%
What is 1-year change in NLY annual gross margin?: NLY annual gross margin is up +0.44% year-over-year
What is 3-year change in NLY annual gross margin?: NLY annual gross margin is up +0.45% over the past 3 years
How far is NLY annual gross margin from its all-time high?: NLY annual gross margin is currently -0.04% below its historical high of 100.00% set on December 31, 2000
How does NLY annual gross margin rank versus sector peers?: NLY annual gross margin is higher than 99.21% of companies in Real Estate sector
When is NLY next annual earnings release?: The next annual earnings release for NLY is on January 27, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

96.54%3.43%-3.43%

September 30, 2026

Summary

Current Value: As of today, NLY quarterly gross margin is 96.54%, down -3.43% on September 30, 2026
Historical Performance: NLY quarterly gross margin is down -2.99% year-over-year, down -3.05% over the past 3 years
All-Time High Comparison: NLY quarterly gross margin is currently -5.81% below its historical high of 102.50% set on December 31, 2018
3-Year Low Comparison: NLY quarterly gross margin is at its 3-year low
Sector Comparison: NLY quarterly gross margin is higher than 95.93% of companies in Real Estate sector

Performance

NLY Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	96.54%	-3.4%	-3.0%	-3.0%	-3.8%
Annual Gross Margin	Dec 31, 25	99.96%	–	+0.4%	+0.5%	+1.5%
Price	Oct 22, 26	$18.34	-17.8%	-12.2%	+14.0%	-47.2%
PE Ratio	Oct 22, 26	12.89	+130.6%	+33.3%	–	+188.4%
Quarterly Revenue	Sep 30, 26	$512.74M	-78.8%	-68.5%	-70.3%	+155.5%
Quarterly Gross Profit	Sep 30, 26	$494.98M	-79.5%	-69.5%	-71.2%	+153.3%
Quarterly Operating Margin	Sep 30, 26	86.29%	-3.5%	-32.8%	+203.7%	+237.7%
Quarterly Net Margin	Sep 30, 26	-195.17%	-669.2%	-477.4%	-491.8%	-245.9%

Quarterly Gross Margin Highs

NLY Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	99.97%	Jun 30, 26	-3.4%
3Y	99.97%	Dec 31, 24	-3.4%
5Y	100.36%	N/A	-3.8%
All	102.50%	Dec 31, 18	-5.8%

Quarterly Gross Margin Lows

NLY Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	96.54%	Sep 30, 26	at low
3Y	96.54%	Sep 30, 26	at low
5Y	96.54%	Sep 30, 26	at low
All	94.08%	Sep 30, 19	+2.6%

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	96.54%	-3.4%
Jun 2026	99.97%	+0.0%
Mar 2026	99.96%	0.0%
Dec 2025	99.96%	+0.4%
Sep 2025	99.52%	+0.0%
Jun 2025	99.49%	+0.1%
Mar 2025	99.38%	-0.6%
Dec 2024	99.97%	+0.5%
Sep 2024	99.44%	0.0%
Jun 2024	99.44%	-0.1%
Mar 2024	99.54%	-0.4%
Dec 2023	99.95%	+0.4%
Sep 2023	99.58%	+0.1%
Jun 2023	99.47%	-0.1%
Mar 2023	99.55%	-0.4%
Dec 2022	99.96%	+0.5%
Sep 2022	99.51%	+0.3%
Jun 2022	99.19%	+0.4%
Mar 2022	98.82%	-1.0%
Dec 2021	99.79%	-0.6%
Sep 2021	100.36%	+2.5%
Jun 2021	97.95%	-0.7%
Mar 2021	98.65%	-0.5%
Dec 2020	99.14%	-0.2%
Sep 2020	99.35%	-1.8%
Jun 2020	101.17%	+2.5%
Mar 2020	98.75%	-0.8%
Dec 2019	99.50%	+5.8%
Sep 2019	94.08%	-4.7%
Jun 2019	98.77%	+0.4%
Mar 2019	98.36%	-4.0%
Dec 2018	102.50%	+3.3%
Sep 2018	99.23%	-0.3%
Jun 2018	99.56%	0.0%
Mar 2018	99.56%	+0.5%
Dec 2017	99.07%	+0.0%
Sep 2017	99.05%	-0.1%
Jun 2017	99.14%	+0.5%
Mar 2017	98.69%	+0.1%
Dec 2016	98.59%	-0.2%
Sep 2016	98.80%	+2.0%
Jun 2016	96.87%	-1.2%
Mar 2016	98.08%	-0.5%
Dec 2015	98.62%	-0.2%
Sep 2015	98.80%	+0.3%
Jun 2015	98.55%	+0.5%
Mar 2015	98.03%	-1.3%
Dec 2014	99.34%	-0.5%
Sep 2014	99.85%	-0.3%
Jun 2014	100.15%	+0.3%
Mar 2014	99.89%	-0.1%
Dec 2013	100.00%	+0.5%
Sep 2013	99.50%	-0.5%
Jun 2013	99.96%	+0.0%
Mar 2013	99.95%	+0.3%
Dec 2012	99.68%	-0.2%
Sep 2012	99.91%	-0.0%
Jun 2012	99.92%	0.0%

Month	Value	Change
Mar 2012	99.92%	+0.0%
Dec 2011	99.89%	-0.0%
Sep 2011	99.92%	-0.0%
Jun 2011	99.94%	-0.0%
Mar 2011	99.95%	+0.0%
Dec 2010	99.93%	0.0%
Sep 2010	99.93%	+0.0%
Jun 2010	99.92%	0.0%
Mar 2010	99.92%	-0.0%
Dec 2009	99.94%	+0.0%
Sep 2009	99.93%	0.0%
Jun 2009	99.93%	+0.1%
Mar 2009	99.79%	-0.1%
Dec 2008	99.86%	-0.0%
Sep 2008	99.89%	+0.1%
Jun 2008	99.84%	-0.0%
Mar 2008	99.88%	-0.1%
Dec 2007	99.95%	0.0%
Sep 2007	99.95%	+0.0%
Jun 2007	99.94%	+0.0%
Mar 2007	99.92%	+0.0%
Dec 2006	99.88%	+0.0%
Sep 2006	99.84%	-0.1%
Jun 2006	99.89%	-0.0%
Mar 2006	99.90%	+0.0%
Dec 2005	99.89%	-0.0%
Sep 2005	99.90%	-0.0%
Jun 2005	99.94%	-0.0%
Mar 2005	99.97%	0.0%
Dec 2004	99.97%	+0.0%
Sep 2004	99.96%	-0.0%
Jun 2004	99.99%	-0.0%
Mar 2004	100.00%	0.0%
Dec 2003	100.00%	0.0%
Sep 2003	100.00%	0.0%
Jun 2003	100.00%	0.0%
Mar 2003	100.00%	0.0%
Dec 2002	100.00%	0.0%
Sep 2002	100.00%	0.0%
Jun 2002	100.00%	0.0%
Mar 2002	100.00%	0.0%
Dec 2001	100.00%	0.0%
Sep 2001	100.00%	0.0%
Jun 2001	100.00%	0.0%
Mar 2001	100.00%	0.0%
Dec 2000	100.00%	0.0%
Sep 2000	100.00%	0.0%
Jun 2000	100.00%	0.0%
Mar 2000	100.00%	+0.1%
Dec 1999	99.90%	-0.1%
Sep 1999	100.00%	0.0%
Jun 1999	100.00%	0.0%
Mar 1999	100.00%	+0.1%
Dec 1998	99.94%	-0.1%
Sep 1998	100.00%	0.0%
Jun 1998	100.00%	0.0%
Mar 1998	100.00%	-

FAQ

What is the current quarterly gross margin of NLY?: As of today, NLY quarterly gross margin is 96.54%
What is NLY quarterly gross margin most recent change?: NLY quarterly gross margin was down -3.43% on September 30, 2026
What is 1-year change in NLY quarterly gross margin?: NLY quarterly gross margin is down -2.99% year-over-year
How far is NLY quarterly gross margin from its all-time high?: NLY quarterly gross margin is currently -5.81% below its historical high of 102.50% set on December 31, 2018
How does NLY quarterly gross margin rank versus sector peers?: NLY quarterly gross margin is higher than 95.93% of companies in Real Estate sector
When is NLY next earnings release?: The next earnings release for NLY is on January 27, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

NLY Official Website www.annaly.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1043219/000104321926000007/0001043219-26-000007-index.htm
NLY Profile on Yahoo Finance finance.yahoo.com/quote/NLY
NLY Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/nly