Digital Realty Trust, Inc. (DLR) Income Statement
DLR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDLR revenue and net income
Where DLR's revenue goes
2025Each bar shows an amount and its share of revenue. DLR kept 21.4% of revenue as net income.
DLR profit margins
DLR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.0% | +9.2% | +9.4% | +13.2% |
| Gross profit | +11.5% | +8.2% | +7.2% | +11.7% |
| Operating income | +39.6% | +3.7% | +3.4% | +5.1% |
| Net income | +117.2% | +51.3% | +29.7% | +16.0% |
| EPS (diluted) | −5.0% | +18.0% | +11.4% | +10.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DLR quarterly EPS vs estimates
Digital Realty beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.98).
DLR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.11B | $5.55B | $5.48B | $4.69B | $4.43B | $3.90B | $3.21B | $3.05B | $2.46B | $2.14B |
| Cost of revenue | $2.73B | $2.52B | $2.60B | $2.02B | $1.78B | $1.51B | $1.19B | $1.10B | $894.6M | $762.7M |
| Gross profit | $3.39B | $3.04B | $2.88B | $2.67B | $2.65B | $2.39B | $2.02B | $1.95B | $1.56B | $1.38B |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $560.5M | $480.0M | $525.9M | $422.2M | $400.7M | $351.4M | $211.1M | $163.7M | $161.4M | $162.2M |
| Total operating expenses | $2.73B | $2.56B | $2.35B | $2.08B | $1.96B | $1.83B | $1.42B | $1.40B | $1.11B | $882.3M |
| Operating income | $658.5M | $471.9M | $524.5M | $590.0M | $694.0M | $557.5M | $594.2M | $549.8M | $451.3M | $497.3M |
| Interest income | $308.9M | $573.0M | $467.5M | $303.7M | $235.9M | $20.2M | $66.0M | $3.5M | $3.7M | $4.6M |
| Interest expense | $437.9M | $452.8M | $437.7M | $299.1M | $293.8M | $333.0M | $353.1M | $321.5M | $258.6M | $241.0M |
| Income before taxes | $1.35B | $643.1M | $1.03B | $411.9M | $1.82B | $400.8M | $611.2M | $343.2M | $264.2M | $442.2M |
| Income taxes | $32.0M | $54.8M | $75.6M | $31.6M | $72.8M | $38.0M | $12.0M | $2.1M | $7.9M | $10.4M |
| Net income | $1.31B | $602.5M | $948.8M | $377.7M | $1.71B | $356.4M | $579.8M | $331.2M | $248.3M | $426.2M |
| EBITDA | $3.59B | $2.87B | $3.16B | $2.29B | $3.60B | $2.10B | $2.13B | $1.85B | $1.37B | $1.38B |
| EPS (diluted) | $1.51 | $1.59 | $0.68 | $0.92 | $4.77 | $0.88 | $1.10 | $1.04 | $1.42 | $1.22 |
| Gross margin | 55.4% | 54.7% | 52.6% | 57.0% | 59.8% | 61.2% | 62.8% | 64.0% | 63.6% | 64.4% |
| Operating margin | 10.8% | 8.5% | 9.6% | 12.6% | 15.7% | 14.3% | 18.5% | 18.0% | 18.4% | 23.2% |
| Net margin | 21.4% | 10.8% | 17.3% | 8.0% | 38.6% | 9.1% | 18.1% | 10.9% | 10.1% | 19.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.92B | $1.64B | $1.71B | $1.58B | $1.49B | $1.41B | $1.44B | $1.43B | $1.36B | $1.33B | $1.37B | $1.40B |
| Cost of revenue | $1.76B | $1.70B | $1.74B | $710.2M | $661.5M | $605.3M | $662.7M | $656.4M | $607.3M | $592.8M | $647.2M | $684.1M |
| Gross profit | $162.1M | −$62.1M | −$24.2M | $867.0M | $831.6M | $802.3M | $773.2M | $774.9M | $749.5M | $738.4M | $722.5M | $718.3M |
| Sales, general & admin | — | $154.8M | $159.3M | $141.7M | $136.0M | $123.5M | $126.8M | $117.6M | $120.4M | $115.2M | $116.8M | $110.7M |
| Total operating expenses | −$335.9M | −$344.7M | −$329.1M | $728.6M | $619.9M | $606.6M | $628.9M | $606.6M | $739.6M | $589.0M | $588.4M | $660.1M |
| Operating income | $498.0M | $282.6M | $305.0M | $138.4M | $211.7M | $195.8M | $144.3M | $168.3M | $9.9M | $149.4M | $134.0M | $58.2M |
| Interest income | — | — | $69.1M | $130.5M | $121.4M | $106.1M | $140.9M | $150.3M | — | — | — | $105.7M |
| Interest expense | $113.9M | $116.4M | $116.5M | $113.6M | $109.4M | $98.5M | $104.7M | $123.8M | $114.8M | $109.5M | $113.6M | $110.8M |
| Income before taxes | $491.3M | $190.8M | $164.2M | $75.4M | $1.06B | $123.5M | $190.6M | $52.6M | $89.7M | $310.2M | $40.6M | $763.2M |
| Income taxes | $33.7M | $16.0M | −$9.7M | $11.7M | $12.9M | $17.1M | $4.9M | $12.4M | $15.0M | $22.4M | $20.7M | $17.2M |
| Net income | $453.3M | $179.3M | $98.6M | $67.8M | $1.03B | $110.0M | $189.6M | $51.2M | $80.2M | $281.5M | $28.3M | $733.6M |
| EBITDA | $1.11B | $806.7M | $804.6M | $686.0M | $1.63B | $665.0M | $750.7M | $636.4M | $629.8M | $850.9M | $574.7M | $1.29B |
| EPS (diluted) | $2.13 | $0.46 | $0.40 | $0.34 | $0.39 | $0.38 | $0.29 | $0.21 | $0.27 | $0.82 | $0.08 | $0.19 |
| Gross margin | 8.4% | −3.8% | −1.4% | 55.0% | 55.7% | 57.0% | 53.8% | 54.1% | 55.2% | 55.5% | 52.7% | 51.2% |
| Operating margin | 25.9% | 17.3% | 17.8% | 8.8% | 14.2% | 13.9% | 10.1% | 11.8% | 0.7% | 11.2% | 9.8% | 4.2% |
| Net margin | 23.6% | 11.0% | 5.8% | 4.3% | 69.1% | 7.8% | 13.2% | 3.6% | 5.9% | 21.1% | 2.1% | 52.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DLR's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DLR financial results
In fiscal year 2025 (ended December 31, 2025), Digital Realty reported revenue of $6.1 billion, up 10.0% from the year before. It had net income of $1.3 billion (up 117.2%), a net profit margin of 21.4%. Diluted earnings per share came to $1.51. Over five years revenue grew at an average rate of 9.4% a year.
See the DLR stock overview for the latest quote and news, or the DLR chart for price history and technical indicators.
DLR income statement FAQ
What is Digital Realty's annual revenue?
Digital Realty reported total revenue of $6.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.0% from $5.6 billion the previous year.
Is Digital Realty profitable?
Yes. Digital Realty reported net income of $1.3 billion in fiscal 2025, a net profit margin of 21.4%; its operating margin was 10.8%.
What is Digital Realty's gross margin?
Digital Realty's gross margin was 55.4% in fiscal 2025: for every $100 of revenue, Digital Realty kept $55 after the direct cost of its products and services.
How fast is Digital Realty growing?
Revenue grew 9.4% a year on average over the last five fiscal years, from $3.9 billion to $6.1 billion.
What are Digital Realty's earnings per share?
Digital Realty earned $1.51 per diluted share in fiscal 2025, compared with $1.59 a year earlier.
When will Digital Realty report its next earnings?
Digital Realty is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Digital Realty's fiscal year end?
Digital Realty's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.