Recent Realty Income shows a gross margin of 92.7%, an operating margin of 42.9%, an EBITDA margin of 84.1%, and a net margin of 20.9%. Operating margin drove the improvement across the available margins, increasing by 5.4 percentage points.
Over the last 3 years, Realty Income's margins averaged 92.55% gross, 38.82% operating, 84.06% EBITDA, and 18.65% net. All four current margins are above their three-year averages.
All available margins expanded year over year, led by operating margin with an increase of 5.4 percentage points.
Across the last 3 years, Realty Income recorded an average gross margin of 92.55%. Realty Income's current gross margin is 92.7% and is 0.2 percentage points above its three-year average. The highest gross margin for Realty Income was 92.8% in Dec 2024, while the lowest was 92.2% in Sep 2023.
Realty Income's operating margin averaged 38.82% in the last 3 years. Compared with its three-year average, Realty Income's current operating margin is 42.9% and is 4.1 percentage points above its three-year average. Over the last 3 years, Realty Income's operating margin peaked at 42.9% in Jun 2026 and reached a low of 36.4% in Dec 2024.
Across the last 3 years, Realty Income's EBITDA margin averaged 84.06%. The current EBITDA margin of 84.1% is 0 percentage points above its three-year average. EBITDA margin was highest at 88.3% in Sep 2023 and lowest at 82.3% in Dec 2024.
Across the last 3 years, Realty Income's net margin came to 18.65%. The current net margin stands at 20.9%, 2.3 percentage points above its three-year average. Net margin was highest at 22.6% in Sep 2023 and lowest at 16.3% in Dec 2024.
With a gross margin of 92.7%, O stands higher than the Real Estate sector, the industry and its peers average. Looking at the Real Estate sector average of 63.1%, Realty Income's gross margin is 47% higher.
For the period ending Jun 30, 2026, O recorded a gross margin of 92.7%.
As of Jun 30, 2026, O has an operating margin of 42.9%.
As of Jun 30, 2026, O has an EBITDA margin of 84.1%.
For the period ending Jun 30, 2026, O recorded a net margin of 20.9%.
Realty Income's gross, operating, EBITDA, and net margins averaged 92.6% gross, 38.8% operating, 84.1% EBITDA, and 18.7% net over the last 3 years.
Realty Income's highest recorded margins during the past 5 years were 93.6% gross in Sep 2022, 46.6% operating in Sep 2021, 91.2% EBITDA in Dec 2022, and 26.2% net in Sep 2021.
Looking back across 5 years, O reached its lowest margins at 92.2% gross in Sep 2023, 36.4% operating in Dec 2024, 77.5% EBITDA in Dec 2021, and 16.3% net in Dec 2024.