Digital Realty Trust (DLR) Operating Expenses (2009 - 2026)

Digital Realty Trust's (DLR) quarterly Operating Expenses came in at $1.4 billion in Q1 2026, up 12.9% year-on-year from $1.2 billion in Q1 2025, and down 10.11% quarter-over-quarter from $1.5 billion in Q4 2025.

Digital Realty Trust (DLR) Operating Expenses (2009 - 2026) Analysis & Trends

Digital Realty Trust's Operating Expenses history runs 18 years deep, the most recent figure standing at $1.4 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 12.9% year-over-year to $1.4 billion in Q1 2026; TTM through Mar 2026 was $5.6 billion, a 9.73% increase from a year earlier, with the FY2025 full-year figure at $5.5 billion, up 7.3% from the prior year.
  • Operating Expenses slipped to $1.4 billion in Q1 2026 per DLR's latest filing, from $1.5 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.5 billion in Q4 2025 and bottomed at $969.0 million in Q2 2022.
  • The 5-year median for Operating Expenses is $1.2 billion (2023), against an average of $1.2 billion.
  • Across the five-year window, Operating Expenses grew 29.91% in 2023 and retreated 6.05% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $1.1 billion in 2022, then grew by 11.1% to $1.2 billion in 2023, then climbed by 4.53% to $1.3 billion in 2024, then gained by 17.85% to $1.5 billion in 2025, then declined by 10.11% to $1.4 billion in 2026.
  • Per Business Quant, the three latest DLR Operating Expenses figures stand at $1.4 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.4 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Equinix 103.05 Bn 99.99 Bn 1.26 Bn 1.87 Bn
2 American Tower 77.66 Bn 77.54 Bn 2.70 Bn 1.50 Bn
3 Digital Realty Trust 67.48 Bn 65.06 Bn - 1.37 Bn
4 Iron Mountain 37.71 Bn 37.46 Bn 1.05 Bn 1.54 Bn
5 Crown Castle 32.38 Bn 32.33 Bn 23.00 Mn 545.00 Mn
6 Sba Communications 18.28 Bn 18.28 Bn 532.10 Mn 360.59 Mn
7 Weyerhaeuser 17.26 Bn 16.96 Bn 318.00 Mn 120.00 Mn
8 Lamar Advertising 16.38 Bn 16.34 Bn 344.69 Mn 381.94 Mn
9 Gaming & Leisure Properties 12.82 Bn 12.82 Bn - 86.64 Mn
10 OUTFRONT Media 5.65 Bn 5.58 Bn 202.10 Mn 373.70 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.37 Bn
Dec 31, 2025 1.52 Bn
Sep 30, 2025 1.44 Bn
Jun 30, 2025 1.28 Bn
Mar 31, 2025 1.21 Bn
Dec 31, 2024 1.29 Bn
Sep 30, 2024 1.26 Bn
Jun 30, 2024 1.35 Bn
Mar 31, 2024 1.18 Bn
Dec 31, 2023 1.24 Bn
Sep 30, 2023 1.34 Bn
Jun 30, 2023 1.21 Bn
Mar 31, 2023 1.16 Bn
Dec 31, 2022 1.11 Bn
Sep 30, 2022 1.03 Bn
Jun 30, 2022 968.95 Mn
Mar 31, 2022 986.09 Mn
Dec 31, 2021 979.67 Mn
Sep 30, 2021 948.77 Mn
Jun 30, 2021 907.56 Mn