Filing Flows › Realty Income (O) › How it makes money
How Realty Income (O) makes money
Realty Income (O) made $1.6B of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Of every dollar of revenue, 21¢ was left as operating profit, 25¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.6B | 100.0% |
| Operating profit | $335M | 20.7% |
| Income tax | $23.6M | 1.5% |
| Net earnings | $404M | 24.9% |
| Operating cash flow | $926M | 57.1% |
| Free cash flow | $887M | 54.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.6B | +10% |
| Q2 2026 | $1.5B | +10% |
| Q1 2026 | $1.5B | +12% |
| Q4 2025 | $1.5B | +11% |
| Q3 2025 | $1.5B | +10% |
| Q2 2025 | $1.4B | +5% |
| Q1 2025 | $1.4B | +10% |
From Realty Income's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Realty Income make money?
Realty Income (O) made $1.6B of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Of every dollar of revenue, 21¢ was left as operating profit, 25¢ was left as net earnings.
What is Realty Income's profit margin?
Net earnings were $404M, 24.9% of revenue, in the third quarter 2026; the operating margin was 20.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.