Digital Realty Trust, Inc. (DLR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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DLR Revenue Growth
Revenue Breakdown (FY 2025)
DLR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
DLR Revenue Analysis (2014–2025)
As of May 6, 2026, Digital Realty Trust, Inc. (DLR) generated trailing twelve-month (TTM) revenue of $6.19 billion, reflecting strong growth of +19.3% year-over-year. The most recent quarter (Q4 2025) recorded $1.71 billion in revenue, up 8.6% sequentially.
Looking at the longer-term picture, DLR's 5-year compound annual growth rate (CAGR) stands at +9.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $6.11 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows DLR's business is primarily driven by Rental And Other Services (98%), and Fee Income And Other (2%). With over half of revenue concentrated in Rental And Other Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including EQIX (+6.9% YoY), IRM (+15.6% YoY), and AMT (+2.7% YoY), DLR has outperformed the peer group in terms of revenue growth. Compare DLR vs EQIX →
DLR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DLRCurrent | $6.2B | +19.3% | +9.4% | 10.8% | |
 EQIX | $9.3B | +6.9% | +9.1% | 20.0% | |
 IRM | $6.9B | +15.6% | +10.7% | 20.4% | |
 AMT | $10.6B | +2.7% | +5.8% | 45.8% | |
 CCI | $4.3B | -22.9% | -6.1% | 48.7% | |
 SBAC | $2.8B | +6.3% | +6.2% | 48.7% |
DLR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $6.11B | +10.0% | $3.39B | 55.4% | $658.5M | 10.8% |
| 2024 | $5.55B | +1.4% | $3.04B | 54.7% | $471.9M | 8.5% |
| 2023 | $5.48B | +16.7% | $2.88B | 52.6% | $524.5M | 9.6% |
| 2022 | $4.69B | +6.0% | $2.67B | 57.0% | $590.0M | 12.6% |
| 2021 | $4.43B | +13.4% | $2.65B | 59.8% | $694.0M | 15.7% |
| 2020 | $3.90B | +21.6% | $2.39B | 61.2% | $557.5M | 14.3% |
| 2019 | $3.21B | +5.3% | $2.02B | 62.8% | $594.2M | 18.5% |
| 2018 | $3.05B | +23.9% | $1.95B | 64.0% | $549.8M | 18.0% |
| 2017 | $2.46B | +14.7% | $1.56B | 63.6% | $451.3M | 18.4% |
| 2016 | $2.14B | +21.5% | $1.38B | 64.4% | $497.3M | 23.2% |
Full DLR Stock Analysis
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Start ComparisonDLR — Frequently Asked Questions
Quick answers to the most common questions about buying DLR stock.
Is DLR's revenue growth accelerating or slowing?
DLR revenue is accelerating at +19.3% year-over-year, exceeding the 5-year CAGR of +9.4%. TTM revenue reached $6.2B. Growth momentum has increased versus prior periods.
What is DLR's long-term revenue growth rate?
Digital Realty Trust, Inc.'s 5-year revenue CAGR of +9.4% reflects the sustained expansion pattern. Current YoY growth of +19.3% is above this long-term average.
How is DLR's revenue distributed by segment?
DLR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.