Realty Income Corporation (O) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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O Revenue Growth
Revenue Breakdown (FY 2025)
O's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
O Revenue Analysis (2014–2025)
As of May 6, 2026, Realty Income Corporation (O) generated trailing twelve-month (TTM) revenue of $5.75 billion, reflecting strong growth of +11.0% year-over-year. The most recent quarter (Q4 2025) recorded $1.49 billion in revenue, up 1.2% sequentially.
Looking at the longer-term picture, O's 5-year compound annual growth rate (CAGR) stands at +28.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $5.75 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows O's business is primarily driven by Product And Service, Retail (100%). With over half of revenue concentrated in Product And Service, Retail, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including NNN (+5.8% YoY), ADC (+17.8% YoY), and EPRT (+24.7% YoY), O has underperformed the peer group in terms of revenue growth. Compare O vs NNN →
O Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OCurrent | $5.7B | +11.0% | +28.4% | 28.3% | |
 NNN | $926M | +5.8% | +7.0% | 61.5% | |
 ADC | $718M | +17.8% | +23.6% | 47.4% | |
 EPRT | $562M | +24.7% | +27.9% | 64.5% | |
 GTY | $222M | +9.9% | +8.5% | 54.9% | |
 NTST | $195M | +20.3% | +42.0% | 25.7% |
O Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.75B | +9.1% | $5.16B | 89.8% | $1.63B | 28.3% |
| 2024 | $5.27B | +29.2% | $4.89B | 92.8% | $2.32B | 44.0% |
| 2023 | $4.08B | +22.0% | $3.76B | 92.2% | $1.72B | 42.2% |
| 2022 | $3.34B | +60.7% | $3.12B | 93.2% | $1.31B | 39.1% |
| 2021 | $2.08B | +26.3% | $1.95B | 93.6% | $952.0M | 45.8% |
| 2020 | $1.65B | +10.7% | $1.54B | 93.6% | $792.2M | 48.1% |
| 2019 | $1.49B | +12.1% | $1.40B | 94.0% | $739.1M | 49.7% |
| 2018 | $1.33B | +9.2% | $1.26B | 95.0% | $637.6M | 48.0% |
| 2017 | $1.22B | +10.2% | $1.15B | 94.3% | $589.1M | 48.5% |
| 2016 | $1.10B | +7.8% | $1.04B | 94.3% | $538.4M | 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's revenue growth accelerating or slowing?
O maintains +11.0% revenue growth, in line with its 5-year CAGR of +28.4%. TTM revenue stands at $5.7B. Growth rate remains consistent with historical average.
What is O's long-term revenue growth rate?
Realty Income Corporation's 5-year revenue CAGR of +28.4% reflects the sustained expansion pattern. Current YoY growth of +11.0% is near this long-term average.
How is O's revenue distributed by segment?
O 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.