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.

Revenue
+20.6%
EPS
+194.1%
Free cash flow
−46.8%
Total debt
+6.96%

Quarter to September 2026, against a year earlier

175.36 0.69 +0.40%
Market cap
$66.1B
P/E
70.2×
Fwd P/E
64.4×
Dividend yield
2.78%
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 September 2026 was 2.78%, down 8.0 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 20.7% and below the Real Estate sector median of 17.8%.

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)
Sep 2026 15.9% (8.40)
Jun 2026 24.3% 7.96
Mar 2026 16.3% 67.64
Dec 2025 −51.3% (61.35)
43 more quarters

Against its own ten years

Low 8.49% High 23.2%
Ten-year median 15.7%
Current reading's percentile 5

Operating margin against peers

Company Operating margin
GLPI Gaming and Leisure Properties, Inc. compare 79.1%
SBAC SBA Communications Corporation compare 47.7%
CCI Crown Castle Inc. compare 47.1%
AMT American Tower Corporation compare 44.9%
LAMR Lamar Advertising Company compare 32.1%
EQIX Equinix, Inc. compare 22.5%
IRM Iron Mountain Incorporated compare 19.5%
WY Weyerhaeuser Company compare 11.7%
DLR Digital Realty Trust, Inc. 2.78%
Reit Specialty industry median 20.7%
Real Estate sector median 17.8%
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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