Filing Flows › Realty Income (O) › Q3 2026 › vs Q2 2026
Realty Income (O) Q3 2026 vs Q2 2026 (quarter over quarter)
Realty Income's revenue rose $73.9M (+5%) from $1.5B in Q2 2026 to $1.6B in Q3 2026. Operating margin 20.7% against 23.1% (-2.4 pts).
Realty Income, Q3 2026: revenue $1.6B (+10% year over year), operating margin 20.7%, net earnings $404M, operating cash flow $926M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 20.7% | 23.1% | -2.4 pts |
| Net margin | 24.9% | 22.2% | +2.7 pts |
| Free cash flow margin | 54.7% | 70.3% | -15.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $73.9M | +5% |
| Other income, net | $121M | $38.9M | $81.6M | +210% |
| Operating profit | $335M | $357M | −$22.2M | -6% |
| Costs & expenses | $1.3B | $1.2B | $96.1M | +8% |
| Pre-tax earnings | $456M | $396M | $59.4M | +15% |
| General & admin | $54.3M | $57.6M | −$3.3M | -6% |
| Other operating costs | $1.2B | $1.1B | $99.4M | +9% |
| Net earnings | $404M | $344M | $60.0M | +17% |
| Minority interests | $28.2M | $26.6M | $1.6M | +6% |
| Income tax | $23.6M | $25.8M | −$2.2M | -9% |
| Depreciation & amortization | $648M | $645M | $2.9M | +0.4% |
| Share-based compensation | $6.5M | $9.3M | −$2.8M | -30% |
| Working capital & other | $132M | −$147M | $279M | — |
| Operating cash flow | $926M | $1.1B | −$219M | -19% |
| Free cash flow (OCF − capex) | $887M | $1.1B | −$201M | -18% |
| Capital expenditures | $38.8M | $57.2M | −$18.4M | -32% |
Questions
How much did Realty Income's revenue grow quarter over quarter in Q3 2026?
Realty Income's revenue rose $73.9M (+5%) from $1.5B in Q2 2026 to $1.6B in Q3 2026. Operating margin 20.7% against 23.1% (-2.4 pts).