Digital Realty Trust, Inc.

DLR Real Estate Reit Specialty

Digital Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.1 billion, up 10.0% from fiscal 2024. In the quarter to June 2026, revenue grew 28.9%, EPS fell 58.8%, free cash flow fell 25.9% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten.

175.97 1.50 +0.86%
Market cap
$64.7B
P/E
81.1×
Fwd P/E
89.2×
Dividend yield
2.77%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Digital Realty Trust, Inc. (DLR) Operating margin

Alert me on Operating margin

Digital Realty Trust, Inc.'s operating margin over the twelve months to 30 June 2026 was 0.79%, down 10.0 percentage points from fiscal 2025 (10.8%). Over the past ten years it has ranged from 8.49% (fiscal 2024) to 23.2% (fiscal 2016); the current reading is higher than 27% of that period. That is below the Reit Specialty industry median of 21.4% and below the Real Estate sector median of 18.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 10.8% 2.28
FY2024 8.49% (1.09)
FY2023 9.58% (2.99)
FY2022 12.6% (3.10)
FY2021 15.7% 1.39
FY2020 14.3% (4.24)
FY2019 18.5% 0.47
FY2018 18.1% (0.31)
FY2017 18.4% (4.85)
FY2016 23.2% 0.42

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 24.3% 7.96
Mar 2026 16.3% 66.43
Dec 2025 −50.1% (58.89)
Sep 2025 8.78% (67.80)
42 more quarters

Against its own ten years

Low 8.49% High 23.2%
Ten-year median 15.7%
Current reading's percentile 2

Operating margin against peers

Company Operating margin
GLPI Gaming and Leisure Properties, Inc. compare 82.6%
CCI Crown Castle Inc. compare 47.7%
SBAC SBA Communications Corporation compare 47.7%
AMT American Tower Corporation compare 44.8%
LAMR Lamar Advertising Company compare 31.8%
EQIX Equinix, Inc. compare 21.8%
IRM Iron Mountain Incorporated compare 18.8%
WY Weyerhaeuser Company compare 12.3%
DLR Digital Realty Trust, Inc. 0.79%
Reit Specialty industry median 21.4%
Real Estate sector median 18.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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