DLR Digital Realty Trust margins

Relative Growth: Rel. Growth: 90

Relative Strength: Rel. Strength: 50

Relative Valuation: Rel. Valuation: 14

Relative Profitability: Rel. Profitability: 49

Gross margin

60.5%

Operating margin

16%

EBITDA margin

48.7%

Net margin

13.1%

Using the latest TTM figures, Digital Realty Trust shows a gross margin of 60.5%, an operating margin of 16%, an EBITDA margin of 48.7%, and a net margin of 13.1%. Operating margin drove the available margin improvements with a 4.3 percentage-point increase, while EBITDA margin declined by 14.4 percentage points.

DLR margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Digital Realty Trust recorded average margins of 58.58% gross, 10.68% operating, 56.25% EBITDA, and 16.78% net. At Digital Realty Trust, gross and operating margins are above their three-year averages, while EBITDA and net margins are below their three-year averages.

DLR margin expansion

Year-over-year margin changes in percentage points

Year over year, gross margin expanded by 1.5 percentage points and operating margin by 4.3 percentage points, while EBITDA margin contracted by 14.4 percentage points and net margin by 10.6 percentage points.

Gross margin expansion

1.5pp

Operating margin expansion

4.3pp

EBITDA margin expansion

-14.4pp

Net margin expansion

-10.6pp

DLR Gross margin

Digital Realty Trust's gross margin averaged 58.58% over the last 3 years. Compared with its three-year average, Digital Realty Trust's current gross margin is 60.5% and is 1.9 percentage points above its three-year average. Over the last 3 years, Digital Realty Trust's gross margin peaked at 60.5% in Sep 2026 and reached a low of 56.5% in Dec 2023.

DLR Operating margin

Over the last 3 years, Digital Realty Trust's operating margin averaged 10.68%. The current operating margin of 16% is 5.3 percentage points above its three-year average. During this period, operating margin reached a high of 16% in Sep 2026 and a low of 6.4% in Jun 2024.

DLR EBITDA margin

Across the last 3 years, Digital Realty Trust's EBITDA margin averaged 56.25%. Digital Realty Trust's current EBITDA margin is 48.7% and is 7.6 percentage points below its three-year average. EBITDA margin was highest at 63.9% in Jun 2025 and lowest at 48% in Mar 2025.

DLR Net margin

Digital Realty Trust recorded an average net margin of 16.78% across the last 3 years. Digital Realty Trust currently reports a net margin of 13.1%, 3.7 percentage points below its three-year average. The highest net margin for Digital Realty Trust was 24% in Jun 2025, while the lowest was 7.7% in Mar 2025.

DLR margin group comparison

Margins compared with peer-group, industry and sector averages

Digital Realty Trust's gross margin of 60.5% is lower than the Real Estate sector and the industry average. But when looking at the Real Estate sector average of 62.7%, Digital Realty Trust's gross margin is only 3.5% lower.

DLR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Digital Realty Trust's gross margin?

As of Sep 30, 2026, DLR has a gross margin of 60.5%.

What is Digital Realty Trust's operating margin?

As of Sep 30, 2026, DLR has an operating margin of 16%.

What is Digital Realty Trust's EBITDA margin?

For the period ending Sep 30, 2026, DLR recorded an EBITDA margin of 48.7%.

What is Digital Realty Trust's net margin?

The current net margin for DLR is 13.1% as of Sep 30, 2026.

What are the average margins of DLR?

Across the last 3 years, DLR averaged 58.6% gross, 10.7% operating, 56.3% EBITDA, and 16.8% net.

What are the highest historical margins of DLR?

Digital Realty Trust's highest recorded margins during the past 5 years were 64.5% gross in Dec 2021, 16% operating in Sep 2026, 80.5% EBITDA in Dec 2021, and 38.6% net in Dec 2021.

What are the lowest historical margins of DLR?

Looking back across 5 years, DLR reached its lowest margins at 56.5% gross in Dec 2023, 6.4% operating in Jun 2024, 48% EBITDA in Mar 2025, and 7.6% net in Mar 2023.