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How Digital Realty Trust (DLR) makes money

Digital Realty Trust (DLR) made $1.9B of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Of every dollar of revenue, 16¢ was left as operating profit, 10¢ was left as net earnings.

Drawing the Sankey…

Digital Realty Trust: revenue by line, Q1 2025 to Q2 2026Digital Realty Trust: revenue by line, Q1 2025 to Q2 2026Rental and other serv…Fee income and otherRental and other services: $1.7B latest$1.7BFee income and other: $249M latest$249MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Rental and other services went from 99% of revenue in Q1 2025 to 87% in Q2 2026, the largest shift in the mix.
Digital Realty Trust revenue by quarterDigital Realty Trust revenue by quarter$1.4BQ1 2025$1.5BQ2 2025$1.6BQ3 2025$1.6BQ4 2025$1.6BQ1 2026$1.9BQ2 2026$1.9BQ3 2026
Digital Realty Trust: where each dollar of revenue goesDigital Realty Trust: where each dollar of revenue goesOperating profit16¢Income tax0¢Net earnings10¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.9B100.0%
Operating profit$302M15.9%
Income tax$8.8M0.5%
Net earnings$195M10.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.9B+21%
Q2 2026$1.9B+29%
Q1 2026$1.6B+16%
Q4 2025$1.6B+14%
Q3 2025$1.6B+10%
Q2 2025$1.5B+10%
Q1 2025$1.4B+6%

From Digital Realty Trust's 8-K filed Oct 29, 2026 (on EDGAR).

Questions

How does Digital Realty Trust make money?

Digital Realty Trust (DLR) made $1.9B of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Of every dollar of revenue, 16¢ was left as operating profit, 10¢ was left as net earnings.

What is Digital Realty Trust's profit margin?

Net earnings were $195M, 10.3% of revenue, in the third quarter 2026; the operating margin was 15.9%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.