Realty Income Corporation (O) Earnings History
Annual and quarterly earnings data from 1993 to 2025
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O EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
O Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 89.8% | 28.3% | 18.4% |
| 2024 | 92.8% | 44.0% | 16.3% |
| 2023 | 92.2% | 42.2% | 21.4% |
| 2022 | 93.2% | 39.1% | 26.0% |
| 2021 | 93.6% | 45.8% | 17.3% |
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Realty Income Corporation (O) Earnings Overview
As of May 6, 2026, Realty Income Corporation (O) reported trailing twelve-month net income of $1.06B, reflecting +19.4% year-over-year growth. The company earned $1.17 per diluted share over the past four quarters, with a net profit margin of 18.4%.
Looking at the long-term picture, O's 5-year EPS compound annual growth rate (CAGR) stands at +0.5%, reflecting modest earnings expansion. The company achieved its highest annual net income of $1.06B in fiscal 2025, representing a new all-time high.
Realty Income Corporation maintains industry-leading profitability with a gross margin of 89.8%, operating margin of 28.3%, and net margin of 18.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including NNN ($387M net income, 42.1% margin), ADC ($220M net income, 28.4% margin), EPRT ($257M net income, 45.0% margin), O has room to improve margins relative to the peer group. Compare O vs NNN →
O Earnings vs Peers
Earnings metrics vs comparable public companies
O Historical Earnings Data (1993–2025)
33 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.06B | +23.0% | $1.63B | $1.17 | 18.4% | 28.3% |
| 2024 | $861M | -1.3% | $2.32B | $0.98 | 16.3% | 44.0% |
| 2023 | $872M | +0.3% | $1.72B | $1.26 | 21.4% | 42.2% |
| 2022 | $869M | +141.9% | $1.31B | $1.42 | 26.0% | 39.1% |
| 2021 | $359M | -9.1% | $952M | $0.87 | 17.3% | 45.8% |
| 2020 | $395M | -9.4% | $792M | $1.14 | 24.0% | 48.1% |
| 2019 | $436M | +20.0% | $739M | $1.38 | 29.3% | 49.7% |
| 2018 | $364M | +14.1% | $638M | $1.26 | 27.4% | 48.0% |
| 2017 | $319M | +1.0% | $589M | $1.10 | 26.2% | 48.5% |
| 2016 | $316M | +11.2% | $538M | $1.13 | 28.6% | 48.8% |
Full O Stock Analysis
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Start ComparisonO — Frequently Asked Questions
Quick answers to the most common questions about buying O stock.
Is O growing earnings?
O EPS is $1.17, with earnings growth accelerating to +19.4%. This exceeds the 5-year CAGR of +0.5%. TTM net income reached $1.1B.
What are O's profit margins?
Realty Income Corporation net margin is +18.4%, with operating margin at +28.3%. Above-average margins indicate pricing power.
How consistent are O's earnings?
O earnings data spans 1993-2025. The accelerating earnings trend is +19.4% YoY. Historical data enables comparison across business cycles.