Realty Income Corporation's Income Statement Analysis: Revenue to Profit Breakdown
Realty Income Corporation's Income Statement Analysis: Revenue to Profit Breakdown
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Chart |
FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$2.08 B | $3.34 B | $4.08 B | $5.27 B | $5.75 B | $5.93 B |
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Cost of Revenue Direct cost of goods/services. |
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$133.61 M | $226.33 M | $316.96 M | $377.68 M | $586.44 M | $1.86 B |
Gross Profit Revenue minus cost of revenue. |
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$1.95 B | $3.12 B | $3.76 B | $4.89 B | $5.16 B | $4.07 B |
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Operating Expense
Costs to run business. |
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$994.82 M | $1.81 B | $2.04 B | $2.57 B | $3.54 B | $2.34 B |
Research and Development Investment in innovation. |
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- | - | - | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$96.98 M | $138.46 M | $144.54 M | $176.90 M | $252.97 M | $276.09 M |
General and Administrative Corporate overhead costs. |
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$96.98 M | $138.46 M | $144.54 M | $176.90 M | $252.97 M | $276.09 M |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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$897.84 M | $1.67 B | $1.90 B | $2.40 B | $3.28 B | $2.06 B |
Operating Income Profit from operations. |
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$952.04 M | $1.31 B | $1.72 B | $2.32 B | $1.63 B | $1.73 B |
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Net Interest Income
Interest income minus expense. |
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- | - | - | - | - | -$1.06 B |
Interest Income Income from investments. |
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- | - | - | - | - | $120.54 M |
Interest Expense Cost of borrowing. |
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- | - | - | - | - | $1.19 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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- | - | $14.34 M | $388.88 M | $548.48 M | -$194.50 M |
Total Other Income (Net) Net non-operating items. |
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-$559.64 M | -$390.90 M | -$793.38 M | -$1.39 B | -$548.48 M | -$400.61 M |
Income Before Tax Profit before taxes. |
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$392.40 M | $917.60 M | $928.94 M | $933.94 M | $1.08 B | $1.33 B |
Income Tax Expense Taxes on income. |
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$31.66 M | $45.18 M | $52.02 M | $66.60 M | $20.00 M | $32.28 M |
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Net Income
Final profit. |
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$359.46 M | $869.41 M | $872.31 M | $860.77 M | $1.06 B | $1.32 B |
Net Income From Continuing Operations Profit from core business. |
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$360.75 M | $872.42 M | $876.91 M | $867.34 M | $1.06 B | $1.30 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$0.87 | $1.42 | $1.26 | $0.99 | $1.17 | $1.37 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$0.87 | $1.42 | $1.26 | $0.98 | $1.17 | $1.37 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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414.54 M | 611.77 M | 692.30 M | 873.19 M | 904.79 M | 932.31 M |
Diluted Average Shares Outst. Shares including dilution. |
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414.77 M | 612.18 M | 693.02 M | 876.81 M | 904.79 M | 934.66 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$952.04 M | $1.31 B | $1.71 B | $1.93 B | $1.08 B | $1.93 B |
EBITDA Earnings before interest, tax, D&A. |
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$1.85 B | $2.98 B | $3.60 B | $4.33 B | $3.55 B | $4.42 B |
Depreciation and Amortization Non-cash expense for assets. |
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$897.84 M | $1.67 B | $1.90 B | $2.40 B | $2.47 B | $2.49 B |
| Company Report |
Realty Income Corporation's Assets vs Liabilities & Equity
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Data sources and methodology
| Last updated | Jun 30, 2026 |
| Latest financial periods ended |
Quarterly: Q2 FY2026 (June 30, 2026) Annual: FY 2025 (December 31, 2025) |
| Data provided by | Financial Modeling Prep |
| Original source | Company Forms 10-Q and 10-K filed with the SEC |
| Methodology | Company-reported financial statements and calculated financial ratios |
| Limitations | Historical values may change because of company restatements, reclassifications, or provider updates |
| Links | View source filings |




