Filing Flows › Digital Realty Trust (DLR) › Q2 2026 › vs Q1 2026
Digital Realty Trust (DLR) Q2 2026 vs Q1 2026 (quarter over quarter)
Digital Realty Trust's revenue rose $289M (+18%) from $1.6B in Q1 2026 to $1.9B in Q2 2026. The biggest changes: Fee income and other +$214M (+614%); Rental and other services +$74.4M (+5%). Operating margin 24.3% against 16.4% (+7.9 pts).
Digital Realty Trust, Q2 2026: revenue $1.9B (+29% year over year), operating margin 24.3%, net earnings $453M, operating cash flow $1.1B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 24.3% | 16.4% | +7.9 pts |
| Net margin | 23.6% | 11.0% | +12.6 pts |
| Free cash flow margin | 7.7% | -20.6% | +28.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Rental and other services | $1.7B | $1.6B | $74.4M | +5% |
| Fee income and other | $249M | $34.9M | $214M | +614% |
| Revenue | $1.9B | $1.6B | $289M | +18% |
| Other income, net | $24.0M | −$77.0M | $101M | — |
| Operating profit | $467M | $268M | $199M | +74% |
| Costs & expenses | $1.5B | $1.4B | $89.4M | +7% |
| Pre-tax earnings | $491M | $191M | $300M | +157% |
| General & admin | $158M | $155M | $2.9M | +2% |
| Other operating costs | $1.3B | $1.2B | $86.5M | +7% |
| Net earnings | $453M | $179M | $274M | +153% |
| Minority interests | $4.3M | −$4.5M | $8.8M | — |
| Income tax | $33.7M | $16.0M | $17.7M | +110% |
| Depreciation & amortization | $507M | $500M | $7.6M | +2% |
| Working capital & other | $102M | −$146M | $249M | — |
| Operating cash flow | $1.1B | $532M | $530M | +100% |
| Free cash flow (OCF − capex) | $149M | −$338M | $486M | — |
| Capital expenditures | $914M | $870M | $44.2M | +5% |
Questions
How much did Digital Realty Trust's revenue grow quarter over quarter in Q2 2026?
Digital Realty Trust's revenue rose $289M (+18%) from $1.6B in Q1 2026 to $1.9B in Q2 2026.
What drove Digital Realty Trust's revenue change in Q2 2026?
Fee income and other +$214M (+614%); Rental and other services +$74.4M (+5%).