Filing Flows › Realty Income (O) › Q3 2026 › vs Q3 2025
Realty Income (O) Q3 2026 vs Q3 2025 (year over year)
Realty Income's revenue rose $151M (+10%) from $1.5B in Q3 2025 to $1.6B in Q3 2026. Operating margin 20.7% against 19.2% (+1.5 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 20.7% | 19.2% | +1.5 pts |
| Net margin | 24.9% | 21.5% | +3.4 pts |
| Free cash flow margin | 54.7% | 61.9% | -7.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $151M | +10% |
| Other income, net | $121M | $59.4M | $61.1M | +103% |
| Operating profit | $335M | $282M | $53.1M | +19% |
| Costs & expenses | $1.3B | $1.2B | $97.9M | +8% |
| Pre-tax earnings | $456M | $341M | $114M | +33% |
| General & admin | $54.3M | $55.0M | −$724K | -1% |
| Other operating costs | $1.2B | $1.1B | $98.7M | +9% |
| Net earnings | $404M | $316M | $88.2M | +28% |
| Minority interests | $28.2M | $1.9M | $26.3M | 15× |
| Income tax | $23.6M | $23.8M | −$256K | -1% |
| Depreciation & amortization | $648M | $632M | $15.6M | +2% |
| Share-based compensation | $6.5M | $7.7M | −$1.3M | -16% |
| Working capital & other | $132M | $12.3M | $120M | +970% |
| Operating cash flow | $926M | $943M | −$17.2M | -2% |
| Free cash flow (OCF − capex) | $887M | $910M | −$22.8M | -3% |
| Capital expenditures | $38.8M | $33.2M | $5.6M | +17% |
Questions
How much did Realty Income's revenue grow year over year in Q3 2026?
Realty Income's revenue rose $151M (+10%) from $1.5B in Q3 2025 to $1.6B in Q3 2026. Operating margin 20.7% against 19.2% (+1.5 pts).