How does Digital Realty Trust (DLR) make money?

Digital Realty Trust (DLR) generates revenue primarily from Rental And Other Services, which accounted for 97.3% of total revenue in TTM through Q2 2026. The company reported $6.85B in revenue and converted 11.7% of it into net profit, equivalent to roughly $799M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Digital Realty Trust (DLR)?

Digital Realty Trust (DLR) reported a gross profit margin of 13.8% in TTM through Q2 2026, equivalent to $943M in gross profit on $6.85B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Digital Realty Trust (DLR)?

Digital Realty Trust (DLR) reported an operating profit margin of 17.9% in TTM through Q2 2026, equivalent to $1.22B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Digital Realty Trust (DLR)?

Digital Realty Trust (DLR) reported a net profit margin of 11.7% in TTM through Q2 2026, equivalent to $799M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Digital Realty Trust (DLR) profitable?

Yes. Digital Realty Trust (DLR) reported $799M in net income for TTM through Q2 2026, with a net profit margin of 11.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Digital Realty Trust (DLR) spend on capital expenditures?

Digital Realty Trust (DLR) spent $1.39B on capital expenditures (CapEx) during TTM through Q2 2026, roughly 20.3% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Digital Realty Trust (DLR) generate?

Digital Realty Trust (DLR) generated $1.15B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 16.8%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Digital Realty Trust (DLR)?

Digital Realty Trust (DLR) had an effective tax rate of 5.6% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Digital Realty Trust (DLR)?

Digital Realty Trust (DLR) reports revenue across 2 reportable product segments, led by Rental And Other Services at 97.3% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Digital Realty Trust Makes Money: 2026 Visual Revenue Map

Digital Realty Trust (DLR) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 23, 2026).

Digital Realty Trust discloses geographic revenue only in annual filings. to view the full breakdown.

Digital Realty Trust (DLR) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Digital Realty Trust (DLR), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Rental And Other Services	$6.66B	97.3%
Fee Income And Other	$186M	2.7%
Total	$6.85B	100%

Rental And Other Services$6.66B
Fee Income And Other$186M
Total$6.85B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Digital Realty Trust (DLR) reports revenue across 2 reportable product segments; the largest segment was Rental And Other Services at 97.3%, followed by Fee Income And Other (2.7%).

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Operating Margin17.9%

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Employees4.3K

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