Financials · DLR

Digital Realty Trust Inc. (DLR) financials

For the twelve months ended Mar 31, 2026, Digital Realty Trust Inc. reported $6.34B of revenue and $1.38B of net income.

Revenue, TTM
$6.34B
Revenue growth, YoY
+12.6%
Net income, TTM
$1.38B
Net income growth, YoY
+219.7%
Net margin
21.7%
EPS, diluted, TTM
$3.77
EPS growth, YoY
+255.7%
Cash
$2.43B
P/E
47.83
P/S
10.39
Market cap
$65.90B
Annual revenue$6.11B
FY2016FY2025
Annual net income$1.31B
FY2016FY2025

DLR revenue and earnings growth

DLR revenueQ1 2026$1.64B

Quarter YoY
+16.2%
QoQ
+0.0%
FY YoY
+10.0%
5Y CAGR
+9.4%
10Y CAGR
+13.2%

DLR revenue was $1.64B in fiscal Q1 2026 (ended Mar 31, 2026), up 16.2% from a year earlier and up 0.0% from the prior quarter. For the full fiscal 2025 it was $6.11B, up 10.0% from fiscal 2024. Compound annual growth was +9.4% over 5 years and +13.2% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

DLR net incomeQ1 2026$179.27M

Quarter YoY
+63.0%
QoQ
+81.7%
FY YoY
+117.2%
5Y CAGR
+29.7%
10Y CAGR
+16.0%

DLR net income was $179.27M in fiscal Q1 2026 (ended Mar 31, 2026), up 63.0% from a year earlier and up 81.7% from the prior quarter. For the full fiscal 2025 it was $1.31B, up 117.2% from fiscal 2024. Compound annual growth was +29.7% over 5 years and +16.0% over 10 years. It rose in 6 of the last 10 fiscal years.

DLR EPSQ1 2026$0.46

Quarter YoY
+70.4%
QoQ
+109.1%
FY YoY
+122.4%

DLR diluted EPS was $0.46 in fiscal Q1 2026 (ended Mar 31, 2026), up 70.4% from a year earlier and up 109.1% from the prior quarter. For the full fiscal 2025 it was $3.58, up 122.4% from fiscal 2024.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$6.11B$5.55B$5.48B$4.69B$4.43B$3.90B$3.21B$3.05B$2.46B$2.14B
Selling, general and admin$565.48M$480.02M$449.06M$422.17M$400.65M$351.37M$211.10M$163.67M$161.44M$152.73M
Operating income$658.49M$471.86M$524.46M$589.97M$694.01M$557.53M$594.22M$549.79M$451.30M$497.29M
Interest expense$437.95M$452.84M$437.74M$299.13M$293.85M$333.02M$353.06M$321.53M$258.64M$236.48M
Pre-tax income$1.35B---------
Income tax$32.04M$54.76M$75.58M$31.55M$72.80M$38.05M$11.99M$2.08M$7.90M$10.38M
Net income$1.31B$602.49M$948.84M$377.68M$1.71B$356.40M$579.76M$331.25M$248.26M$426.19M
EPS, basic$3.73$1.74$3.04$1.18$5.95$1.01$2.37$1.21$0.99$2.21
EPS, diluted$3.58$1.61$2.88$1.11$5.94$1.00$2.35$1.21$0.99$2.20
Diluted shares347.8M331.5M309.1M297.9M283.2M262,523209.5M206.7M174.9M150.7M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$3.45B$3.88B$1.63B$150.70M$151.49M$123.65M$97.25M$135.22M$13.18M$22.04M
Goodwill$9.71B$8.93B$9.24B$9.21B$7.94B$8.33B$3.36B$4.35B$3.39B$752.97M
Total assets$49.41B$45.28B$44.11B$41.48B$36.37B$36.08B$23.07B$23.77B$21.40B$12.19B
Total liabilities$24.56B$22.11B$23.12B$21.86B$17.85B$17.59B$12.42B$12.89B$10.30B$7.06B
Shareholders' equity$22.93B$21.74B$19.60B$18.11B$18.48B$18.45B$10.61B$10.86B$11.05B$5.13B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$2.41B$2.26B$1.63B$1.66B$1.70B$1.71B$1.51B$1.39B$1.02B$911.24M
Investing cash flow-$2.23B-$1.91B-$1.12B-$4.70B-$1.06B-$2.60B-$274.99M-$3.04B-$1.36B-$1.30B
Financing cash flow-$486.74M$2.06B$963.47M$2.97B-$590.63M$935.69M-$1.27B$1.76B$321.20M$350.62M
Dividends paid$1.73B$1.63B$1.52B$1.45B$1.38B$1.24B$996.77M$849.47M$646.41M$521.62M
Depreciation and amortization$1.89B$1.77B$1.69B$1.58B$1.49B$1.37B$1.16B$1.19B$842.46M$699.32M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY10.0%1.4%16.7%6.0%13.4%21.6%5.3%23.9%14.7%21.5%
Net income growth, YoY117.2%-36.5%151.2%-77.9%379.6%-38.5%75.0%33.4%-41.7%43.6%
EPS growth, YoY122.4%-44.1%159.5%-81.3%--94.2%22.2%-55.0%41.0%
Operating margin10.8%8.5%9.6%12.6%15.7%14.3%18.5%18.0%18.4%23.2%
Net margin21.4%10.8%17.3%8.0%38.6%9.1%18.1%10.9%10.1%19.9%
Return on equity5.7%2.8%4.8%2.1%9.3%1.9%5.5%3.1%2.2%8.3%
Return on assets2.6%1.3%2.2%0.9%4.7%1.0%2.5%1.4%1.2%3.5%

Source: XBRL data Digital Realty Trust Inc. files with the SEC, latest filing dated May 1, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DLR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DLR$6.34B+12.6%$1.38B21.7%$65.90B
WELL$13.79B+39.2%$1.67B12.1%$179.74B
PLD$8.95B+6.7%$3.71B41.5%$120.67B
EQIX$10.06B+11.1%$1.65B16.4%$100.25B
AMT$11.01B+5.3%$3.31B30.1%$87.55B
SPG$7.15B+16.2%$4.51B63.0%$73.91B
PSA$5.03B+5.2%$1.90B37.8%$63.05B
O$6.21B+10.8%$1.36B21.8%$56.15B
VMRK$3.13B+2.8%$875.36M28.0%$51.59B

DLR FAQ

7 questions
  • What is DLR revenue?
    Digital Realty Trust Inc. (DLR) reported $6.34B of revenue for the twelve months ended Mar 31, 2026. That is up 12.6% from the year before. Revenue for fiscal 2025 was $6.11B.
  • Is DLR profitable?
    Yes. Digital Realty Trust Inc. earned $1.38B in net income for the twelve months ended Mar 31, 2026, a net margin of 21.7%.
  • How much cash and debt does DLR have?
    Digital Realty Trust Inc. reported $2.43B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is DLR revenue growing?
    Digital Realty Trust Inc.'s revenue changed +10.0% in fiscal 2025, to $6.11B. Its compound annual growth rate was +9.4% over 5 years and +13.2% over 10 years.
  • What is DLR earnings per share?
    Diluted earnings per share were $3.77 for the twelve months ended Mar 31, 2026, from SEC filings, restated for any stock split those filings show.
  • When did DLR last report financial results?
    The latest statements here come from Digital Realty Trust Inc.'s 10-Q filed on May 1, 2026, covering the period ended Mar 31, 2026.
  • Where does this DLR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Digital Realty Trust Inc. files with the SEC. It is provided for information only and is not investment advice.