Filing Flows › Realty Income (O) › Q2 2026 › vs Q1 2026
Realty Income (O) Q2 2026 vs Q1 2026 (quarter over quarter)
Realty Income's revenue fell $1.0M (-0.1%) from $1.5B in Q1 2026 to $1.5B in Q2 2026. Operating margin 23.1% against 20.1% (+3.0 pts).
Realty Income, Q2 2026: revenue $1.5B (+10% year over year), operating margin 23.1%, net earnings $344M, 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 | 23.1% | 20.1% | +3.0 pts |
| Net margin | 22.2% | 20.1% | +2.1 pts |
| Free cash flow margin | 70.3% | 54.8% | +15.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | −$1.0M | -0.1% |
| Other income, net | $38.9M | $36.4M | $2.5M | +7% |
| Operating profit | $357M | $311M | $46.7M | +15% |
| Costs & expenses | $1.2B | $1.2B | −$47.7M | -4% |
| Pre-tax earnings | $396M | $347M | $49.2M | +14% |
| General & admin | $57.6M | $58.9M | −$1.3M | -2% |
| Other operating costs | $1.1B | $1.2B | −$46.4M | -4% |
| Net earnings | $344M | $312M | $32.2M | +10% |
| Minority interests | $26.6M | $9.2M | $17.4M | +190% |
| Income tax | $25.8M | $26.2M | −$387K | -1% |
| Depreciation & amortization | $645M | $630M | $14.4M | +2% |
| Share-based compensation | $9.3M | $11.4M | −$2.1M | -19% |
| Working capital & other | $147M | −$78.9M | $226M | — |
| Operating cash flow | $1.1B | $875M | $271M | +31% |
| Free cash flow (OCF − capex) | $1.1B | $848M | $240M | +28% |
| Capital expenditures | $57.2M | $26.3M | $30.9M | +117% |
Questions
How much did Realty Income's revenue grow quarter over quarter in Q2 2026?
Realty Income's revenue fell $1.0M (-0.1%) from $1.5B in Q1 2026 to $1.5B in Q2 2026. Operating margin 23.1% against 20.1% (+3.0 pts).