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Realty Income (O) Operating Expenses (2016 - 2026)

Realty Income's Operating Expenses history spans 17 years, with the latest figure at $1.2 billion for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 5.76% to $1.2 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $4.8 billion, a 6.61% increase, with the full-year FY2025 number at $4.8 billion, up 6.61% from a year prior.
  • Operating Expenses hit $1.2 billion in Q4 2025 for Realty Income, up from $1.2 billion in the prior quarter.
  • Over the last five years, Operating Expenses for O hit a ceiling of $1.2 billion in Q2 2025 and a floor of $303.1 million in Q1 2021.
  • Historically, Operating Expenses has averaged $833.1 million across 5 years, with a median of $811.9 million in 2023.
  • The widest YoY moves for Operating Expenses: up 1345.69% in 2021, down 9.33% in 2021.
  • Tracing O's Operating Expenses over 5 years: stood at $653.5 million in 2021, then increased by 5.04% to $686.5 million in 2022, then increased by 22.55% to $841.3 million in 2023, then soared by 37.18% to $1.2 billion in 2024, then rose by 5.76% to $1.2 billion in 2025.
  • Business Quant data shows Operating Expenses for O at $1.2 billion in Q4 2025, $1.2 billion in Q3 2025, and $1.2 billion in Q2 2025.