Filing Flows › Realty Income (O) › Q3 2026
Realty Income (O) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Realty Income (O) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), +10% from a year earlier and +5% from the quarter before. Operating margin was 20.7%, net earnings $404M (24.9% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +5% | +10% |
| Operating profit | $335M | -6% | +19% |
| Net earnings | $404M | +17% | +28% |
| Operating cash flow | $926M | -19% | -2% |
| Free cash flow | $887M | -18% | -3% |
What changed
Revenue was $1.6B in Q3 2026, up 10% year over year and up 5% from the previous quarter.
Operating profit was $0.34B, a 20.7% margin (up 1.5 points year over year). Of the extra revenue versus Q3 2025, 35% reached operating profit, above the 19% margin then. Total costs grew 8% against revenue growth of 10%. Net earnings were $0.40B, up 28% year over year. The effective tax rate was 5.2%. Non-operating items added $0.12B, 26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.93B (down 2% year over year), 214% of net income including minority interests. Non-cash charges added back $0.65B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.16B. Capital expenditures of $0.04B left free cash flow of $0.89B.
Questions
What was Realty Income's revenue in the third quarter 2026?
Realty Income (O) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), +10% from a year earlier and +5% from the quarter before.
Was Realty Income profitable in the third quarter 2026?
Operating profit was $335M (20.7% of revenue) and net earnings $404M.
Source: Realty Income 10-Q on SEC EDGAR.