Realty Income Corporation (O) Earnings History
Annual and quarterly earnings data from 1993 to 2025
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EPS Growth Rates (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.
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 March 1, 2026, Realty Income Corporation (O) reported trailing twelve-month net income of $1.06B, reflecting +0.2% year-over-year growth. The company earned $1.17 per diluted share over the past four quarters, with a net profit margin of 0.2%.
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 positive profitability with a gross margin of 0.9%, operating margin of 0.3%, and net margin of 0.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including NNN ($390M net income, 0.4% margin), FCPT ($112M net income, 0.4% margin), GTY ($74M net income, 0.4% margin), O has room to improve margins relative to the peer group. Compare O vs NNN →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
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% |
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Start ComparisonFrequently Asked Questions
Is O growing earnings?
O EPS of $1.17 reflects slowing growth at +0.2%, below the 5-year CAGR of +0.5%. TTM net income is $1.1B. Expansion rate has moderated.
What are O's profit margins?
Realty Income Corporation net margin is +0.2%, with operating margin at +0.3%. Below-average margins reflect competitive or cost pressures.
How consistent are O's earnings?
O earnings data spans 1993-2025. The current earnings trend is +0.2% YoY. Historical data enables comparison across business cycles.