Filing Flows › Realty Income (O) › Q2 2026 › vs Q2 2025
Realty Income (O) Q2 2026 vs Q2 2025 (year over year)
Realty Income's revenue rose $137M (+10%) from $1.4B in Q2 2025 to $1.5B in Q2 2026. Operating margin 23.1% against 12.6% (+10.5 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 23.1% | 12.6% | +10.5 pts |
| Net margin | 22.2% | 14.0% | +8.3 pts |
| Free cash flow margin | 70.3% | 73.3% | -3.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $137M | +10% |
| Other income, net | $38.9M | $44.8M | −$5.9M | -13% |
| Operating profit | $357M | $178M | $179M | +100% |
| Costs & expenses | $1.2B | $1.2B | −$41.8M | -3% |
| Pre-tax earnings | $396M | $223M | $173M | +78% |
| General & admin | $57.6M | $49.3M | $8.3M | +17% |
| Other operating costs | $1.1B | $1.2B | −$50.1M | -4% |
| Net earnings | $344M | $197M | $147M | +75% |
| Minority interests | $26.6M | $2.1M | $24.5M | 13× |
| Income tax | $25.8M | $24.1M | $1.7M | +7% |
| Depreciation & amortization | $645M | $648M | −$3.2M | -0.5% |
| Share-based compensation | $9.3M | $8.1M | $1.2M | +14% |
| Working capital & other | $147M | $208M | −$60.6M | -29% |
| Operating cash flow | $1.1B | $1.1B | $84.4M | +8% |
| Free cash flow (OCF − capex) | $1.1B | $1.0B | $53.5M | +5% |
| Capital expenditures | $57.2M | $26.3M | $30.9M | +118% |
Questions
How much did Realty Income's revenue grow year over year in Q2 2026?
Realty Income's revenue rose $137M (+10%) from $1.4B in Q2 2025 to $1.5B in Q2 2026. Operating margin 23.1% against 12.6% (+10.5 pts).