TTM
$1.73B
YoY change
-29.9%
5Y CAGR
+15.5%
Peak year (2024)
$2.32B
Cumulative operating income
$15.98B
Operating Income history chart for Realty Income (O) from 1993 to 2025
Latest: $1.63B
Operating Income growth chart for Realty Income (O) from 1993 to 2025
Latest: -29.9%
Operating Income history table for Realty Income (O) from 1993 to 2025
| 2025 | $1.63B | -29.9% | −$693.85M | ||
| 2024 | $2.32B | +34.8% | +$598.61M | ||
| 2023 | $1.72B | +31.6% | +$413.81M | ||
| 2022 | $1.31B | +37.4% | +$356.46M | ||
| 2021 | $952.04M | +20.2% | +$159.81M | ||
| 2020 | $792.23M | +7.2% | +$53.10M | ||
| 2019 | $739.13M | +15.9% | +$101.55M | ||
| 2018 | $637.58M | +8.2% | +$48.53M | ||
| 2017 | $589.05M | +9.4% | +$50.66M | ||
| 2016 | $538.40M | +5.7% | +$28.98M | ||
| 2015 | $509.42M | +12.2% | +$55.53M | ||
| 2014 | $453.89M | +20.2% | +$76.18M | ||
| 2013 | $377.71M | +36.0% | +$100.07M | ||
| 2012 | $277.64M | +11.3% | +$28.23M | ||
| 2011 | $249.40M | +18.4% | +$38.72M | ||
| 2010 | $210.68M | +2.6% | +$5.42M | ||
| 2009 | $205.26M | -1.7% | −$3.60M | ||
| 2008 | $208.86M | +9.9% | +$18.79M | ||
| 2007 | $190.07M | +22.2% | +$34.58M | ||
| 2006 | $155.49M | +19.0% | +$24.83M | ||
| 2005 | $130.66M | -23.4% | −$39.81M | ||
| 2004 | $170.47M | -3.9% | −$6.96M | ||
| 2003 | $177.43M | +11.7% | +$18.57M | ||
| 2002 | $158.86M | +10.5% | +$15.05M | ||
| 2001 | $143.81M | +4.6% | +$6.35M | ||
| 2000 | $137.46M | +243.5% | +$97.44M | ||
| 1999 | $40.01M | +1.9% | +$764.00K | ||
| 1998 | $39.25M | -56.1% | −$50.25M | ||
| 1997 | $89.50M | +170.1% | +$56.37M | ||
| 1996 | $33.13M | +29.5% | +$7.55M | ||
| 1995 | $25.58M | +82.0% | +$11.52M | ||
| 1994 | $14.06M | -45.4% | −$11.68M | ||
| 1993 | $25.73M | — | — |
- 2025$1.63B-29.9%
- 2024$2.32B+34.8%
- 2023$1.72B+31.6%
- 2022$1.31B+37.4%
- 2021$952.04M+20.2%
- 2020$792.23M+7.2%
- 2019$739.13M+15.9%
- 2018$637.58M+8.2%
- 2017$589.05M+9.4%
- 2016$538.40M+5.7%
- 2015$509.42M+12.2%
- 2014$453.89M+20.2%
- 2013$377.71M+36.0%
- 2012$277.64M+11.3%
- 2011$249.40M+18.4%
- 2010$210.68M+2.6%
- 2009$205.26M-1.7%
- 2008$208.86M+9.9%
- 2007$190.07M+22.2%
- 2006$155.49M+19.0%
- 2005$130.66M-23.4%
- 2004$170.47M-3.9%
- 2003$177.43M+11.7%
- 2002$158.86M+10.5%
- 2001$143.81M+4.6%
- 2000$137.46M+243.5%
- 1999$40.01M+1.9%
- 1998$39.25M-56.1%
- 1997$89.50M+170.1%
- 1996$33.13M+29.5%
- 1995$25.58M+82.0%
- 1994$14.06M-45.4%
- 1993$25.73M—
Operating Income values are taken from Realty Income's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Realty Income (O)
According to Realty Income's latest reported financial statements, the company's current operating income (TTM) is $1.73B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, Realty Income (O) operating income totalled $1.63B – declined 29.9% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Realty Income operating income compounded at +15.5% per year, with mixed annual results across the window.
Between 2024 and 2025, Realty Income operating income declined 29.9%, falling from $2.32B to $1.63B.
The highest annual operating income of $2.32B was reported in 2024. The lowest in the available history was $14.06M in 1994.
Realty Income Operating Income by Year
Realty Income Operating Income 2025: $1.63B
Realty Income operating income in 2025 was $1.63B, declined 29.9% below 2024.
Realty Income Operating Income 2024: $2.32B
2024's operating income for Realty Income came in at $2.32B, surged 34.8% from 2023. This figure represents the highest annual value in the available history.
Realty Income Operating Income 2023: $1.72B
Realty Income posted operating income of $1.72B in 2023, surged 31.6% from 2022.
Realty Income Operating Income 2022: $1.31B
In 2022, Realty Income reported operating income of $1.31B, surged 37.4% from 2021.
Realty Income Operating Income 2021: $952.04M
Realty Income operating income in 2021 was $952.04M.
See more financial history for Realty Income (O).
Sector peers by Operating Income
Real Estate peers of Realty Income (O), ranked by their latest operating income
| $4.88B | |
| $3.54B | |
| $3.18B | |
| $2.25B | |
| $1.85B | |
| $826.81M | |
| $658.49M | |
| $355.17M |
- $4.88B
- $3.54B
- $2.25B
- $1.85B
- $826.81M
- $658.49M
- $355.17M
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