Realty Income Corporation (O) Earnings History
Profitable33 years of earnings data (1993–2025) · Positive TTM net income
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Realty Income Corporation (O) Earnings Overview
As of June 21, 2026, Realty Income Corporation (O) reported trailing twelve-month net income of $1.12B, reflecting +19.4% year-over-year growth. The company earned $1.24 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% |
| 2015 | $284M | +4.9% | $509M | $1.09 | 27.7% | 49.8% |
| 2014 | $271M | +10.2% | $454M | $1.03 | 29.0% | 48.6% |
| 2013 | $246M | +68.2% | $378M | $1.06 | 31.5% | 48.4% |
| 2012 | $146M | -7.0% | $278M | $1.20 | 30.1% | 57.3% |
| 2011 | $157M | +20.1% | $249M | $1.05 | 38.1% | 60.5% |
| 2010 | $131M | -0.3% | $211M | $1.01 | 39.2% | 63.2% |
| 2009 | $131M | -0.5% | $205M | $1.03 | 40.7% | 63.6% |
| 2008 | $132M | -6.1% | $209M | $1.06 | 40.6% | 64.3% |
| 2007 | $140M | +26.7% | $190M | $1.16 | 47.7% | 64.6% |
| 2006 | $111M | +11.8% | $155M | $1.11 | 46.7% | 65.5% |
| 2005 | $99M | +19.6% | $131M | $1.12 | 51.3% | 67.6% |
| 2004 | $83M | -4.1% | $170M | $1.15 | 48.6% | 100.0% |
| 2003 | $86M | +9.9% | $177M | $1.08 | 60.7% | 124.7% |
| 2002 | $79M | +16.4% | $159M | $1.01 | 61.8% | 124.8% |
| 2001 | $68M | +23.3% | $144M | $0.88 | 61.5% | 131.0% |
| 2000 | $55M | +18.5% | $137M | $0.85 | 51.5% | 129.3% |
| 1999 | $46M | +12.0% | $40M | $0.76 | 47.3% | 40.9% |
| 1998 | $41M | +18.8% | $39M | $0.78 | 49.9% | 47.4% |
| 1997 | $35M | +7.9% | $90M | $0.74 | 50.4% | 129.7% |
| 1996 | $32M | +25.9% | $33M | $0.70 | 56.6% | 58.2% |
| 1995 | $26M | +68.4% | $26M | $0.56 | 49.7% | 49.6% |
| 1994 | $15M | -48.2% | $14M | $0.39 | 31.1% | 28.8% |
| 1993 | $29M | - | $26M | $0.74 | 59.8% | 52.5% |
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O — Frequently Asked Questions
Quick answers to the most common questions about buying O stock.
What is O earnings per share (EPS)?
O trailing twelve-month (TTM) diluted EPS is $1.24, reflecting +19.4% year-over-year growth. The 5-year EPS CAGR is +0.5%. Complete EPS history from 1993 to 2025 is available in the table on this page.
What is Realty Income Corporation's net income?
Realty Income Corporation (O) trailing twelve-month net income is $1.1B as of 2025. Earnings grew +19.4% year-over-year. Realty Income Corporation has been profitable for 33 consecutive years.
Is O profitable?
Yes, O is profitable with a TTM net income of $1.1B and a net profit margin of +18.4%. Realty Income Corporation has generated profits for 33 consecutive years.
What is O's earnings growth rate?
O compound annual EPS growth rates (CAGR): 1-Year: +19.4%, 3-Year: -6.3%, 5-Year: +0.5%, 10-Year: +0.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1993 to 2025.
What are O's profit margins?
Realty Income Corporation net profit margin is +18.4%, operating margin is +28.3%, and gross margin is +89.8%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +2.7%.
Is O growing earnings?
Yes, O earnings are accelerating — EPS growth of +19.4% exceeds the 5-year CAGR of +0.5%. TTM net income reached $1.1B. Earnings momentum is strengthening.
What was O's best earnings year?
Realty Income Corporation's highest annual net income on record is $1.1B, achieved in fiscal year 2025. Earnings history on this page spans 1993 to 2025 and includes all annual and quarterly figures.
What were O's earnings last quarter?
O's most recent reported quarter was Q1 2026. Net income was $312M with diluted EPS of $0.33. For a full breakdown of all quarters, see the quarterly earnings table on this page.