What is the current annual gross margin of O?

As of today, O annual gross margin is 48.73%

What is 1-year change in O annual gross margin?

O annual gross margin is up +2.16% year-over-year

What is 3-year change in O annual gross margin?

O annual gross margin is up +12.62% over the past 3 years

How far is O annual gross margin from its all-time high?

O annual gross margin is currently -36.64% below its historical high of 76.91% set on December 31, 2003

How does O annual gross margin rank versus sector peers?

O annual gross margin is higher than 65.89% of companies in Real Estate sector

When is O next annual earnings release?

As of today, the next annual earnings release for O has not been scheduled

What is the current quarterly gross margin of O?

As of today, O quarterly gross margin is 51.28%

What is O quarterly gross margin most recent change?

O quarterly gross margin was down -1.33% on June 30, 2026

What is 1-year change in O quarterly gross margin?

O quarterly gross margin is up +9.43% year-over-year

How far is O quarterly gross margin from its all-time high?

O quarterly gross margin is currently -32.96% below its historical high of 76.49% set on December 31, 2003

How does O quarterly gross margin rank versus sector peers?

O quarterly gross margin is higher than 66.67% of companies in Real Estate sector

When is O next earnings release?

The next earnings release for O is on November 2, 2026

O Gross Margin History & Chart Since 1994

Annual Gross Margin

48.73%1.03%+2.16%

December 31, 2025

Summary

Current Value: As of today, O annual gross margin is 48.73%, up +2.16% on December 31, 2025
Historical Performance: O annual gross margin is up +12.62% over the past 3 years, down -9.26% over the past 5 years
All-Time High Comparison: O annual gross margin is currently -36.64% below its historical high of 76.91% set on December 31, 2003
3-Year Low Comparison: O annual gross margin is +12.62% above its 3-year low of 43.27% reached on an earlier date
Sector Comparison: O annual gross margin is higher than 65.89% of companies in Real Estate sector

Gross Margin Chart

beforeafter

Performance

O Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	48.73%	+2.2%	+12.6%	-9.3%	-30.6%
Quarterly Gross Margin	Jun 30, 26	51.28%	+9.4%	+15.6%	-2.0%	-26.9%
Price	Aug 21, 26	$62.72	+5.3%	+11.5%	-10.0%	+102.0%
PE Ratio	Aug 21, 26	45.87	-21.1%	+9.5%	-34.9%	+46.3%
Annual Revenue	Dec 31, 25	$5.76B	+8.6%	+72.3%	+241.2%	+1569.4%
Annual Gross Profit	Dec 31, 25	$2.81B	+11.0%	+94.0%	+209.6%	+1058.9%
Annual Operating Margin	Dec 31, 25	45.11%	+1.6%	+38.2%	-9.4%	-28.2%
Annual Net Margin	Dec 31, 25	18.61%	+13.8%	-28.7%	-20.8%	-47.1%

Gross Margin Highs

O Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	48.73%	Dec 31, 25	at high
5Y	53.70%	N/A	-9.3%
All	76.91%	Dec 31, 03	-36.6%

Gross Margin Lows

O Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	43.27%	N/A	+12.6%
5Y	43.27%	Dec 31, 22	+12.6%
All	0.00%	Dec 31, 94	N/A

Gross Margin History

Year	Value	Change
2025	48.73%	+2.2%
2024	47.70%	+3.7%
2023	45.98%	+6.3%
2022	43.27%	-14.4%
2021	50.53%	-5.9%
2020	53.70%	+54.4%
2019	34.77%	+1.8%
2018	34.14%	+4.6%
2017	32.64%	-2.4%
2016	33.43%	+4.1%
2015	32.12%	-40.1%
2014	53.63%	-2.6%
2013	55.04%	-17.6%
2012	66.76%	-3.4%
2011	69.14%	-1.5%
2010	70.19%	+0.3%

Year	Value	Change
2009	69.99%	-1.1%
2008	70.76%	-2.8%
2007	72.83%	-1.4%
2006	73.83%	-0.9%
2005	74.52%	-1.0%
2004	75.28%	-2.1%
2003	76.91%	+0.9%
2002	76.23%	+1.7%
2001	74.94%	+1.6%
2000	73.77%	+0.5%
1999	73.42%	+1.8%
1998	72.13%	>+9,900.0%
1997	0.00%	0.0%
1996	0.00%	0.0%
1995	0.00%	0.0%
1994	0.00%	-

FAQ

What is the current annual gross margin of O?: As of today, O annual gross margin is 48.73%
What is 1-year change in O annual gross margin?: O annual gross margin is up +2.16% year-over-year
What is 3-year change in O annual gross margin?: O annual gross margin is up +12.62% over the past 3 years
How far is O annual gross margin from its all-time high?: O annual gross margin is currently -36.64% below its historical high of 76.91% set on December 31, 2003
How does O annual gross margin rank versus sector peers?: O annual gross margin is higher than 65.89% of companies in Real Estate sector
When is O next annual earnings release?: As of today, the next annual earnings release for O has not been scheduled

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

51.28%0.69%-1.33%

June 30, 2026

Summary

Current Value: As of today, O quarterly gross margin is 51.28%, down -1.33% on June 30, 2026
Historical Performance: O quarterly gross margin is up +9.43% year-over-year, up +15.57% over the past 3 years
All-Time High Comparison: O quarterly gross margin is currently -32.96% below its historical high of 76.49% set on December 31, 2003
3-Year Low Comparison: O quarterly gross margin is +15.57% above its 3-year low of 44.37% reached on an earlier date
Sector Comparison: O quarterly gross margin is higher than 66.67% of companies in Real Estate sector

Performance

O Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Jun 30, 26	51.28%	-1.3%	+9.4%	+15.6%	-2.0%
Annual Gross Margin	Dec 31, 25	48.73%	–	+2.2%	+12.6%	-9.3%
Price	Aug 21, 26	$62.72	+0.8%	+5.3%	+11.5%	-10.0%
PE Ratio	Aug 21, 26	45.87	-10.3%	-21.1%	+9.5%	-34.9%
Quarterly Revenue	Jun 30, 26	$1.55B	-0.1%	+9.3%	+52.5%	+237.3%
Quarterly Gross Profit	Jun 30, 26	$796.99M	-1.4%	+19.7%	+76.2%	+230.4%
Quarterly Operating Margin	Jun 30, 26	47.82%	-2.8%	+2.3%	+17.6%	-0.7%
Quarterly Net Margin	Jun 30, 26	23.94%	+16.0%	+70.0%	+23.8%	-11.6%

Quarterly Gross Margin Highs

O Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	51.97%	Mar 31, 26	-1.3%
3Y	51.97%	Mar 31, 26	-1.3%
5Y	53.00%	Sep 30, 21	-3.3%
All	76.49%	Dec 31, 03	-33.0%

Quarterly Gross Margin Lows

O Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	46.86%	N/A	+9.4%
3Y	44.37%	N/A	+15.6%
5Y	42.89%	Jun 30, 22	+19.6%
All	1.44%	Mar 31, 16	+3461.1%

Quarterly Gross Margin History

Month	Value	Change
Jun 2026	51.28%	-1.3%
Mar 2026	51.97%	+3.8%
Dec 2025	50.08%	+0.5%
Sep 2025	49.85%	+6.4%
Jun 2025	46.86%	-3.0%
Mar 2025	48.29%	+1.1%
Dec 2024	47.77%	-0.8%
Sep 2024	48.14%	+1.0%
Jun 2024	47.67%	+1.0%
Mar 2024	47.19%	-3.6%
Dec 2023	48.93%	+7.6%
Sep 2023	45.48%	+2.5%
Jun 2023	44.37%	-1.1%
Mar 2023	44.85%	+4.3%
Dec 2022	43.01%	-1.3%
Sep 2022	43.57%	+1.6%
Jun 2022	42.89%	-1.0%
Mar 2022	43.33%	-2.7%
Dec 2021	44.54%	-16.0%
Sep 2021	53.00%	+1.2%
Jun 2021	52.35%	-1.3%
Mar 2021	53.04%	+0.4%
Dec 2020	52.82%	-2.7%
Sep 2020	54.31%	+1.4%
Jun 2020	53.56%	+50.1%
Mar 2020	35.69%	+1.0%
Dec 2019	35.32%	+0.8%
Sep 2019	35.05%	+5.4%
Jun 2019	33.27%	-6.0%
Mar 2019	35.40%	+3.5%
Dec 2018	34.19%	-0.1%
Sep 2018	34.22%	+1.2%
Jun 2018	33.82%	-1.4%
Mar 2018	34.31%	+3.0%
Dec 2017	33.31%	+3.5%
Sep 2017	32.18%	-0.8%
Jun 2017	32.44%	-0.6%
Mar 2017	32.62%	-2.5%
Dec 2016	33.45%	+0.1%
Sep 2016	33.40%	-0.3%
Jun 2016	33.51%	+2,227.1%
Mar 2016	1.44%	-97.4%
Dec 2015	55.01%	+1.0%
Sep 2015	54.47%	+0.3%
Jun 2015	54.29%	-0.6%
Mar 2015	54.63%	+4.2%
Dec 2014	52.43%	-2.3%
Sep 2014	53.67%	-1.4%
Jun 2014	54.42%	+0.5%
Mar 2014	54.13%	+6.5%
Dec 2013	50.83%	-7.8%
Sep 2013	55.14%	-1.2%
Jun 2013	55.81%	-2.0%
Mar 2013	56.96%	-14.1%
Dec 2012	66.28%	-0.6%
Sep 2012	66.69%	-0.8%
Jun 2012	67.24%	+0.7%

Month	Value	Change
Mar 2012	66.78%	-1.5%
Dec 2011	67.78%	-1.4%
Sep 2011	68.72%	-2.0%
Jun 2011	70.13%	-0.6%
Mar 2011	70.55%	-0.3%
Dec 2010	70.74%	+0.6%
Sep 2010	70.33%	+0.8%
Jun 2010	69.80%	+0.5%
Mar 2010	69.46%	-1.2%
Dec 2009	70.29%	+0.4%
Sep 2009	70.04%	+0.7%
Jun 2009	69.57%	-0.4%
Mar 2009	69.83%	-0.5%
Dec 2008	70.21%	+0.1%
Sep 2008	70.14%	-1.0%
Jun 2008	70.87%	-0.1%
Mar 2008	70.96%	-2.5%
Dec 2007	72.79%	+0.4%
Sep 2007	72.49%	+0.1%
Jun 2007	72.44%	-1.2%
Mar 2007	73.34%	-1.7%
Dec 2006	74.60%	+0.8%
Sep 2006	73.99%	+1.9%
Jun 2006	72.59%	-1.9%
Mar 2006	73.99%	+0.6%
Dec 2005	73.54%	-1.9%
Sep 2005	74.99%	+1.0%
Jun 2005	74.22%	-1.2%
Mar 2005	75.10%	-0.2%
Dec 2004	75.24%	+0.5%
Sep 2004	74.89%	-0.5%
Jun 2004	75.29%	+0.3%
Mar 2004	75.09%	-1.8%
Dec 2003	76.49%	+0.2%
Sep 2003	76.36%	+0.9%
Jun 2003	75.70%	+0.3%
Mar 2003	75.44%	+26.0%
Dec 2002	59.87%	-21.2%
Sep 2002	75.94%	-0.4%
Jun 2002	76.28%	+0.6%
Mar 2002	75.83%	+0.4%
Dec 2001	75.52%	+1.0%
Sep 2001	74.78%	+0.8%
Jun 2001	74.20%	-1.3%
Mar 2001	75.18%	+5.1%
Dec 2000	71.50%	-4.8%
Sep 2000	75.07%	+1.0%
Jun 2000	74.30%	-0.1%
Mar 2000	74.39%	+0.2%
Dec 1999	74.22%	+1.1%
Sep 1999	73.44%	+0.3%
Jun 1999	73.20%	+0.6%
Mar 1999	72.77%	-1.0%
Dec 1998	73.50%	+1.9%
Sep 1998	72.11%	+0.8%
Jun 1998	71.55%	+0.6%
Mar 1998	71.09%	-

FAQ

What is the current quarterly gross margin of O?: As of today, O quarterly gross margin is 51.28%
What is O quarterly gross margin most recent change?: O quarterly gross margin was down -1.33% on June 30, 2026
What is 1-year change in O quarterly gross margin?: O quarterly gross margin is up +9.43% year-over-year
How far is O quarterly gross margin from its all-time high?: O quarterly gross margin is currently -32.96% below its historical high of 76.49% set on December 31, 2003
How does O quarterly gross margin rank versus sector peers?: O quarterly gross margin is higher than 66.67% of companies in Real Estate sector
When is O next earnings release?: The next earnings release for O is on November 2, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

O Official Website www.realtyincome.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/726728/000072672826000011/0000726728-26-000011-index.htm
O Profile on Yahoo Finance finance.yahoo.com/quote/O
O Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/o