Filing Flows › Realty Income (O) › Operating margin
Realty Income (O) operating margin by quarter
Realty Income's operating margin was 20.7% in Q3 2026 (third quarter 2026), -2.4 pts from Q2 2026. Over the last 7 quarters it ranged from 12.6% (Q2 2025) to 23.1% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 20.7% | -2.4 pts | +1.5 pts |
| Q2 2026 | 23.1% | +3.0 pts | +10.5 pts |
| Q1 2026 | 20.1% | +2.1 pts | +3.0 pts |
| Q4 2025 | 18.0% | -1.2 pts | — |
| Q3 2025 | 19.2% | +6.5 pts | — |
| Q2 2025 | 12.6% | -4.4 pts | — |
| Q1 2025 | 17.1% | — | — |
Q3 2026 at a glance
Realty Income, Q3 2026: revenue $1.6B (+10% year over year), operating margin 20.7%, net earnings $404M, operating cash flow $926M. The chart follows the revenue to costs, profit and cash.
Questions
What is Realty Income's operating margin?
Realty Income's operating margin was 20.7% in Q3 2026 (third quarter 2026), -2.4 pts from Q2 2026.
How has Realty Income's operating margin changed?
Over the last 7 quarters it ranged from 12.6% (Q2 2025) to 23.1% (Q2 2026).