Ticker League

Operating Margin for Realty Income (O)

As of · Reported

Metric
Profitability

TTM

29.3%

YoY change

−15.73pp

Trough year (2025)

28.3%

Peak year (2001)

131.0%

Operating Margin history chart for Realty Income (O) from 1993 to 2025

Latest: 28.3%

Operating Margin change chart for Realty Income (O) from 1993 to 2025

Latest: −15.73pp

Operating Margin history table for Realty Income (O) from 1993 to 2025

  • 202528.3%-15.73pp
  • 202444.0%+1.81pp
  • 202342.2%+3.09pp
  • 202239.1%-6.63pp
  • 202145.8%-2.34pp
  • 202048.1%-1.57pp
  • 201949.7%+1.65pp
  • 201848.0%-0.43pp
  • 201748.5%-0.35pp
  • 201648.8%-0.98pp
  • 201549.8%+1.16pp
  • 201448.6%+0.21pp
  • 201348.4%-8.88pp
  • 201257.3%-3.19pp
  • 201160.5%-2.70pp
  • 201063.2%-0.45pp
  • 200963.6%-0.62pp
  • 200864.3%-0.32pp
  • 200764.6%-0.91pp
  • 200665.5%-2.11pp
  • 200567.6%-32.40pp
  • 2004100.0%-24.69pp
  • 2003124.7%-0.06pp
  • 2002124.8%-6.21pp
  • 2001131.0%+1.68pp
  • 2000129.3%+88.39pp
  • 199940.9%-6.56pp
  • 199847.4%-82.27pp
  • 1997129.7%+71.53pp
  • 199658.2%+8.55pp
  • 199549.6%+20.85pp
  • 199428.8%-23.73pp
  • 199352.5%—

Operating Margin 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 Margin at Realty Income (O)

According to Realty Income's latest reported financial statements, the company's latest reported operating margin is 29.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2025 fiscal year, Realty Income (O) reported operating margin of 28.30% – contracted 15.7 percentage points year-over-year.

Across the available history, operating margin reached its high of 130.96% in 2001 and its low of 28.30% in 2025.

Realty Income Operating Margin by Year

Realty Income Operating Margin 2025: 28.3%

In 2025, Realty Income reported operating margin of 28.30%, contracted 15.7 percentage points from 2024. This figure represents the lowest annual value in the available history.

Realty Income Operating Margin 2024: 44.0%

Realty Income operating margin in 2024 was 44.03%, expanded 1.8 percentage points from 2023.

Realty Income Operating Margin 2023: 42.2%

2023's operating margin for Realty Income came in at 42.22%, expanded 3.1 percentage points from 2022.

Realty Income Operating Margin 2022: 39.1%

Realty Income posted operating margin of 39.13% in 2022, contracted 6.6 percentage points from 2021.

Realty Income Operating Margin 2021: 45.8%

Realty Income operating margin in 2021 was 45.76%.

See more financial history for Realty Income (O).

Sector peers by Operating Margin

Real Estate peers of Realty Income (O), ranked by their latest operating margin

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