Realty Income (O) financials
Realty Income revenue and earnings by year
Realty Income's revenue was $5.75 billion in the fiscal year to December 31, 2025, up 9.1% from the year before. Net income was $1.06 billion, 18.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 20.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.75 | 5.27 | 4.08 | 3.34 | 2.08 | 1.65 | 1.49 | 1.33 | 1.22 | 1.10 |
| Revenue growth | 9.1% | 29.2% | 22.0% | 60.7% | 26.3% | 10.7% | 12.1% | 9.2% | 10.2% | — |
| Operating income | 2.28 | 1.92 | 1.65 | 1.37 | 0.80 | 0.72 | 0.73 | 0.64 | 0.62 | 0.54 |
| Operating margin | 39.6% | 36.4% | 40.4% | 41.0% | 38.5% | 43.8% | 49.0% | 47.9% | 50.6% | 48.9% |
| Net income | 1.06 | 0.86 | 0.87 | 0.87 | 0.36 | 0.40 | 0.44 | 0.36 | 0.32 | 0.32 |
| Net margin | 18.4% | 16.3% | 21.4% | 26.0% | 17.3% | 24.0% | 29.3% | 27.4% | 26.2% | 28.6% |
| Diluted EPS | $1.17 | $0.98 | $1.26 | $1.42 | $0.87 | $1.11 | $1.34 | $1.22 | $1.13 | $1.20 |
| Free cash flow | -0.04 | 0.78 | -5.05 | -5.98 | -4.76 | -0.92 | -2.42 | -0.71 | -0.39 | -0.91 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open O in Markets.
See also: O valuation and P/E history · O returns
No forecast, no recommendation. This page describes Realty Income from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.