Realty Income revenue and financials
$54.25Change from previous close: +0.89%Absolute change: +$0.48
In the fiscal year ended December 2025, Realty Income reported revenue of $5.75B (+9.07% year over year). Net income was $1.06B, a net margin of 18.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.07%
- 2025 vs 2024
- Net income growth
- +22.98%
- 2025 vs 2024
- Net margin
- 18.4%
- 2024: 16.3%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 5,749 | 5,271 | 4,079 | 3,344 | 2,080 | 1,647 | 1,488 | 1,328 | 1,216 | 1,103 |
| Cost of revenue | 429 | 378 | 317 | 226 | — | — | — | — | — | — |
| Gross profit | 5,321 | 4,893 | 3,762 | 3,117 | — | — | — | — | — | — |
| Selling, general and administrative | 203 | 177 | 145 | 138 | — | — | — | — | — | — |
| Operating income | 2,594 | 2,321 | 1,722 | 1,309 | — | — | — | — | — | — |
| EBIT | 2,570 | 2,217 | 1,725 | 1,302 | 953 | — | — | — | — | — |
| EBITDA | 5,114 | 4,648 | 3,682 | 3,028 | 1,851 | — | — | — | — | — |
| Interest expense | 1,106 | 998 | 730 | 465 | 324 | 309 | 291 | 266 | 247 | 220 |
| Pre-tax income | 1,155 | 934 | 929 | 918 | 392 | — | — | — | — | — |
| Income tax | 85.3 | 66.6 | 52.0 | 45.2 | 31.7 | 14.7 | 6.2 | 5.3 | 6.0 | 3.3 |
| Net income | 1,059 | 861 | 872 | 869 | 359 | 395 | 436 | 364 | 319 | 316 |
| Net income to common shareholders | 1,059 | 848 | 872 | 869 | 359 | — | — | — | — | — |
| Basic EPS | 1.17 | 0.98 | 1.26 | 1.42 | 0.87 | 1.15 | 1.38 | 1.26 | — | — |
| Diluted EPS | 1.17 | 0.98 | 1.26 | 1.42 | 0.87 | 1.14 | 1.38 | 1.26 | — | — |
| Average shares (basic) | 907 | 863 | 692 | 612 | 415 | — | — | — | — | — |
| Average shares (diluted) | 908 | 864 | 693 | 612 | 415 | 345 | 316 | 290 | 274 | 256 |
| Dividend per share | 3.22 | 3.13 | 3.06 | 2.97 | 2.85 | — | — | — | — | — |