What is the current annual operating margin of O?

As of today, O annual operating margin is 45.11%

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

O annual operating margin is up +1.62% year-over-year

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

O annual operating margin is up +38.16% over the past 3 years

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

O annual operating margin is currently -35.33% below its historical high of 69.75% set on December 31, 2003

How does O annual operating margin rank versus sector peers?

O annual operating margin is higher than 77.56% of companies in Real Estate sector

When is O next annual earnings release?

The next annual earnings release for O is on February 23, 2027

What is the current quarterly operating margin of O?

As of today, O quarterly operating margin is 48.08%

What is O quarterly operating margin most recent change?

O quarterly operating margin was up +0.54% on September 30, 2026

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

O quarterly operating margin is up +8.43% year-over-year

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

O quarterly operating margin is currently -51.92% below its historical high of 100.00% set on December 31, 2000

How does O quarterly operating margin rank versus sector peers?

O quarterly operating margin is higher than 84.96% of companies in Real Estate sector

When is O next earnings release?

The next earnings release for O is on February 23, 2027

O Operating Margin History & Chart Since 1993

Annual Operating Margin

45.11%0.72%+1.62%

December 31, 2025

Summary

Current Value: As of today, O annual operating margin is 45.11%, up +1.62% on December 31, 2025
Historical Performance: O annual operating margin is up +38.16% over the past 3 years, down -9.40% over the past 5 years
All-Time High Comparison: O annual operating margin is currently -35.33% below its historical high of 69.75% set on December 31, 2003
3-Year Low Comparison: O annual operating margin is +38.16% above its 3-year low of 32.65% reached on an earlier date
Sector Comparison: O annual operating margin is higher than 77.56% of companies in Real Estate sector

Operating Margin Chart

beforeafter

Performance

O Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	45.11%	+1.6%	+38.2%	-9.4%	-28.2%
Quarterly Operating Margin	Sep 30, 26	48.08%	+8.4%	+18.4%	-0.8%	-22.8%
Price	Nov 9, 26	$59.50	+4.6%	+18.6%	-13.5%	+87.2%
PE Ratio	Nov 9, 26	41.06	-22.8%	+7.7%	-24.3%	+27.9%
Annual Revenue	Dec 31, 25	$5.76B	+8.6%	+72.3%	+241.2%	+1569.4%
Annual Operating Profit	Dec 31, 25	$2.59B	+10.2%	+137.7%	+208.6%	+1096.1%
Annual Gross Margin	Dec 31, 25	48.73%	+2.2%	+12.6%	-9.3%	-30.6%
Annual Net Margin	Dec 31, 25	18.61%	+13.8%	-28.7%	-20.8%	-47.1%

Operating Margin Highs

O Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	45.11%	Dec 31, 25	at high
5Y	49.79%	N/A	-9.4%
All	69.75%	Dec 31, 03	-35.3%

Operating Margin Lows

O Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	32.65%	N/A	+38.2%
5Y	32.65%	Dec 31, 22	+38.2%
All	24.82%	Dec 31, 13	+81.8%

Operating Margin History

Year	Value	Change
2025	45.11%	+1.6%
2024	44.39%	+7.5%
2023	41.31%	+26.5%
2022	32.65%	-29.4%
2021	46.23%	-7.2%
2020	49.79%	+64.1%
2019	30.34%	+8.2%
2018	28.04%	-0.3%
2017	28.12%	-2.7%
2016	28.90%	+6.7%
2015	27.09%	+7.4%
2014	25.23%	+1.7%
2013	24.82%	-25.1%
2012	33.12%	-46.7%
2011	62.16%	-1.1%
2010	62.85%	-1.2%
2009	63.62%	-0.9%

Year	Value	Change
2008	64.21%	-1.5%
2007	65.17%	-2.0%
2006	66.53%	-0.2%
2005	66.66%	-1.6%
2004	67.73%	-2.9%
2003	69.75%	+2.1%
2002	68.29%	+3.2%
2001	66.16%	-1.7%
2000	67.30%	+0.8%
1999	66.76%	+3.9%
1998	64.28%	+29.5%
1997	49.62%	-8.1%
1996	54.02%	+8.9%
1995	49.62%	-4.0%
1994	51.70%	-1.5%
1993	52.50%	-

FAQ

What is the current annual operating margin of O?: As of today, O annual operating margin is 45.11%
What is 1-year change in O annual operating margin?: O annual operating margin is up +1.62% year-over-year
What is 3-year change in O annual operating margin?: O annual operating margin is up +38.16% over the past 3 years
How far is O annual operating margin from its all-time high?: O annual operating margin is currently -35.33% below its historical high of 69.75% set on December 31, 2003
How does O annual operating margin rank versus sector peers?: O annual operating margin is higher than 77.56% of companies in Real Estate sector
When is O next annual earnings release?: The next annual earnings release for O is on February 23, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

48.08%0.26%+0.54%

September 30, 2026

Summary

Current Value: As of today, O quarterly operating margin is 48.08%, up +0.54% on September 30, 2026
Historical Performance: O quarterly operating margin is up +8.43% year-over-year, up +18.39% over the past 3 years
All-Time High Comparison: O quarterly operating margin is currently -51.92% below its historical high of 100.00% set on December 31, 2000
3-Year Low Comparison: O quarterly operating margin is +20.44% above its 3-year low of 39.92% reached on December 31, 2025
Sector Comparison: O quarterly operating margin is higher than 84.96% of companies in Real Estate sector

Performance

O Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	48.08%	+0.5%	+8.4%	+18.4%	-0.8%
Annual Operating Margin	Dec 31, 25	45.11%	–	+1.6%	+38.2%	-9.4%
Price	Nov 9, 26	$59.50	-4.8%	+4.6%	+18.6%	-13.5%
PE Ratio	Nov 9, 26	41.06	-10.2%	-22.8%	+7.7%	-24.3%
Quarterly Revenue	Sep 30, 26	$1.63B	+4.6%	+10.1%	+56.5%	+234.4%
Quarterly Operating Profit	Sep 30, 26	$780.59M	+5.0%	+17.2%	+85.0%	+231.1%
Quarterly Gross Margin	Sep 30, 26	52.64%	+2.6%	+5.3%	+15.7%	-0.7%
Quarterly Net Margin	Sep 30, 26	26.65%	+11.8%	+23.6%	+18.4%	-4.2%

Quarterly Operating Margin Highs

O Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	49.19%	Mar 31, 26	-2.3%
3Y	49.19%	Mar 31, 26	-2.3%
5Y	49.19%	Mar 31, 26	-2.3%
All	100.00%	Dec 31, 00	-51.9%

Quarterly Operating Margin Lows

O Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	39.92%	Dec 31, 25	+20.4%
3Y	39.92%	Dec 31, 25	+20.4%
5Y	27.17%	Jun 30, 22	+77.0%
All	-359.95%	Dec 31, 94	+113.4%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	48.08%	+0.5%
Jun 2026	47.82%	-2.8%
Mar 2026	49.19%	+23.2%
Dec 2025	39.92%	-10.0%
Sep 2025	44.34%	-5.1%
Jun 2025	46.74%	+0.8%
Mar 2025	46.35%	+10.0%
Dec 2024	42.14%	-9.9%
Sep 2024	46.79%	+6.3%
Jun 2024	44.02%	-1.4%
Mar 2024	44.66%	+6.9%
Dec 2023	41.79%	+2.9%
Sep 2023	40.61%	-0.2%
Jun 2023	40.68%	-3.7%
Mar 2023	42.23%	+49.2%
Dec 2022	28.31%	-21.4%
Sep 2022	36.02%	+32.6%
Jun 2022	27.17%	-30.3%
Mar 2022	39.00%	-3.3%
Dec 2021	40.33%	-16.8%
Sep 2021	48.49%	+0.7%
Jun 2021	48.17%	-1.1%
Mar 2021	48.73%	-1.4%
Dec 2020	49.42%	-2.9%
Sep 2020	50.87%	+2.6%
Jun 2020	49.59%	+60.8%
Mar 2020	30.83%	-1.7%
Dec 2019	31.37%	+2.2%
Sep 2019	30.69%	+9.2%
Jun 2019	28.11%	-9.7%
Mar 2019	31.12%	+28.3%
Dec 2018	24.25%	-17.7%
Sep 2018	29.47%	+3.0%
Jun 2018	28.60%	-4.7%
Mar 2018	30.02%	+3.3%
Dec 2017	29.07%	+4.6%
Sep 2017	27.78%	+2.7%
Jun 2017	27.06%	-5.3%
Mar 2017	28.56%	-9.1%
Dec 2016	31.41%	+5.4%
Sep 2016	29.79%	+8.0%
Jun 2016	27.59%	+617.6%
Mar 2016	-5.33%	-110.3%
Dec 2015	51.85%	+7.3%
Sep 2015	48.30%	-1.5%
Jun 2015	49.05%	+0.0%
Mar 2015	49.03%	+118.4%
Dec 2014	22.45%	-16.4%
Sep 2014	26.84%	+1.0%
Jun 2014	26.57%	+5.3%
Mar 2014	25.24%	+16.7%
Dec 2013	21.63%	-4.5%
Sep 2013	22.64%	-19.6%
Jun 2013	28.17%	+7.8%
Mar 2013	26.14%	-13.8%
Dec 2012	30.33%	-11.7%
Sep 2012	34.33%	-0.3%
Jun 2012	34.45%	+2.3%
Mar 2012	33.69%	-44.9%

Month	Value	Change
Dec 2011	61.12%	-1.9%
Sep 2011	62.28%	-0.9%
Jun 2011	62.87%	+0.6%
Mar 2011	62.50%	-2.2%
Dec 2010	63.93%	+1.1%
Sep 2010	63.26%	+2.3%
Jun 2010	61.83%	+0.7%
Mar 2010	61.40%	-4.2%
Dec 2009	64.07%	+0.0%
Sep 2009	64.05%	+1.0%
Jun 2009	63.43%	+72.9%
Mar 2009	36.68%	-42.8%
Dec 2008	64.10%	+0.2%
Sep 2008	63.96%	+0.4%
Jun 2008	63.69%	-1.0%
Mar 2008	64.32%	-2.5%
Dec 2007	66.00%	+3.1%
Sep 2007	64.00%	-0.3%
Jun 2007	64.18%	-3.1%
Mar 2007	66.20%	-2.0%
Dec 2006	67.57%	+0.7%
Sep 2006	67.10%	+3.4%
Jun 2006	64.89%	-2.1%
Mar 2006	66.31%	-1.1%
Dec 2005	67.02%	+0.8%
Sep 2005	66.47%	+0.2%
Jun 2005	66.37%	-0.0%
Mar 2005	66.38%	-1.8%
Dec 2004	67.60%	-0.0%
Sep 2004	67.63%	-0.5%
Jun 2004	67.97%	-32.0%
Mar 2004	100.00%	+44.7%
Dec 2003	69.11%	-0.4%
Sep 2003	69.39%	+1.6%
Jun 2003	68.29%	-31.7%
Mar 2003	100.00%	0.0%
Dec 2002	100.00%	+46.8%
Sep 2002	68.13%	+0.8%
Jun 2002	67.59%	-0.4%
Mar 2002	67.87%	-32.1%
Dec 2001	100.00%	+51.5%
Sep 2001	65.99%	-0.8%
Jun 2001	66.49%	+2.0%
Mar 2001	65.20%	-34.8%
Dec 2000	100.00%	+47.2%
Sep 2000	67.94%	-0.4%
Jun 2000	68.20%	-0.4%
Mar 2000	68.45%	+0.8%
Dec 1999	67.93%	+1.5%
Sep 1999	66.91%	+59.8%
Jun 1999	41.88%	+3.4%
Mar 1999	40.51%	-38.4%
Dec 1998	65.71%	+37.6%
Sep 1998	47.76%	-2.7%
Jun 1998	49.08%	-2.8%
Mar 1998	50.51%	+131.5%
Dec 1996	-160.23%	+12.9%
Dec 1995	-183.92%	+48.9%
Dec 1994	-359.95%	-

FAQ

What is the current quarterly operating margin of O?: As of today, O quarterly operating margin is 48.08%
What is O quarterly operating margin most recent change?: O quarterly operating margin was up +0.54% on September 30, 2026
What is 1-year change in O quarterly operating margin?: O quarterly operating margin is up +8.43% year-over-year
How far is O quarterly operating margin from its all-time high?: O quarterly operating margin is currently -51.92% below its historical high of 100.00% set on December 31, 2000
How does O quarterly operating margin rank versus sector peers?: O quarterly operating margin is higher than 84.96% of companies in Real Estate sector
When is O next earnings release?: The next earnings release for O is on February 23, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

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