Realty Income (O) Net Margin (2009 - 2026)

Realty Income has disclosed Net Margin across 18 years of filings, most recently posting 20.13% for Q1 2026.

• Net Margin for Q1 2026 came in at 20.13%, up 203.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.94% (up 98.0% YoY), and the FY2025 annual result was 18.41%, up 233.0% from the prior year.
• Net Margin came in at 20.13% for Q1 2026 at Realty Income, up from 19.9% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 27.62% in Q2 2022 to a low of 10.29% in Q1 2024.
• The 5-year median for Net Margin is 20.13% (2026), against an average of 20.46%.
• Across the five-year window, Net Margin jumped 2504 bps in 2022 and tumbled 1354 bps in 2024, its largest moves.
• Realty Income's Net Margin stood at 25.69% in 2022, then fell by 21 bps to 20.29% in 2023, then decreased by 27 bps to 14.89% in 2024, then surged by 34 bps to 19.9% in 2025, then advanced by 1 bps to 20.13% in 2026.
• The last three Net Margin figures came in at 20.13% (Q1 2026), 19.9% (Q4 2025), and 21.47% (Q3 2025), per Business Quant data.