Agree Realty annual operating margin
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2025
Agree Realty Operating Margin Growth & History (ADC)
Agree Realty's operating margin was 47.40% for fiscal 2025.
View full Agree Realty company overviewAgree Realty annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 47.40% | −1.60 pp |
| 2024 | 2024-12-31 | 49.00% | +1.66 pp |
| 2023 | 2023-12-31 | 47.34% | −3.42 pp |
| 2022 | 2022-12-31 | 50.76% | −5.35 pp |
| 2021 | 2021-12-31 | 56.12% | +2.50 pp |
| 2020 | 2020-12-31 | 53.62% | −7.47 pp |
| 2019 | 2019-12-31 | 61.08% | +7.75 pp |
| 2018 | 2018-12-31 | 53.33% | −3.55 pp |
| 2017 | 2017-12-31 | 56.88% | +0.44 pp |
| 2016 | 2016-12-31 | 56.44% | −0.89 pp |
| 2015 | 2015-12-31 | 57.33% | +5.26 pp |
| 2014 | 2014-12-31 | 52.08% | −6.34 pp |
| 2013 | 2013-12-31 | 58.41% | +2.46 pp |
| 2012 | 2012-12-31 | 55.95% | +5.29 pp |
| 2011 | 2011-12-31 | 50.66% | +18.56 pp |
| 2010 | 2010-12-31 | 32.11% | −25.97 pp |
| 2009 | 2009-12-31 | 58.08% | — |
Agree Realty quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 46.50% | −0.26 pp |
| Q1 2026 | 2026-03-31 | 49.11% | +2.58 pp |
| Q4 2025 | 2025-12-31 | 48.53% | +1.65 pp |
| Q3 2025 | 2025-09-30 | 47.63% | −0.61 pp |
| Q2 2025 | 2025-06-30 | 46.75% | −7.02 pp |
| Q1 2025 | 2025-03-31 | 46.53% | −0.65 pp |
| Q4 2024 | 2024-12-31 | 46.88% | −1.11 pp |
| Q3 2024 | 2024-09-30 | 48.25% | +2.13 pp |
| Q2 2024 | 2024-06-30 | 53.78% | +6.32 pp |
| Q1 2024 | 2024-03-31 | 47.18% | −0.61 pp |
| Q4 2023 | 2023-12-31 | 47.99% | −1.36 pp |
| Q3 2023 | 2023-09-30 | 46.12% | −5.97 pp |
| Q2 2023 | 2023-06-30 | 47.45% | −2.49 pp |
| Q1 2023 | 2023-03-31 | 47.79% | −4.02 pp |
| Q4 2022 | 2022-12-31 | 49.35% | −2.03 pp |
| Q3 2022 | 2022-09-30 | 52.09% | −5.40 pp |
| Q2 2022 | 2022-06-30 | 49.95% | −10.80 pp |
| Q1 2022 | 2022-03-31 | 51.81% | −3.41 pp |
| Q4 2021 | 2021-12-31 | 51.38% | −8.06 pp |
| Q3 2021 | 2021-09-30 | 57.49% | +7.44 pp |
| Q2 2021 | 2021-06-30 | 60.74% | +9.96 pp |
| Q1 2021 | 2021-03-31 | 55.22% | +2.06 pp |
| Q4 2020 | 2020-12-31 | 59.44% | −20.84 pp |
| Q3 2020 | 2020-09-30 | 50.05% | −5.60 pp |
| Q2 2020 | 2020-06-30 | 50.78% | −1.41 pp |
| Q1 2020 | 2020-03-31 | 53.16% | +0.08 pp |
| Q4 2019 | 2019-12-31 | 80.28% | +26.84 pp |
| Q3 2019 | 2019-09-30 | 55.64% | +1.18 pp |
| Q2 2019 | 2019-06-30 | 52.20% | +1.37 pp |
| Q1 2019 | 2019-03-31 | 53.08% | −1.51 pp |
| Q4 2018 | 2018-12-31 | 53.44% | −14.02 pp |
| Q3 2018 | 2018-09-30 | 54.46% | +0.29 pp |
| Q2 2018 | 2018-06-30 | 50.83% | −2.26 pp |
| Q1 2018 | 2018-03-31 | 54.59% | +0.80 pp |
| Q4 2017 | 2017-12-31 | 67.46% | +9.61 pp |
| Q3 2017 | 2017-09-30 | 54.17% | −4.54 pp |
| Q2 2017 | 2017-06-30 | 53.08% | −0.06 pp |
| Q1 2017 | 2017-03-31 | 53.79% | −1.77 pp |
| Q4 2016 | 2016-12-31 | 57.85% | −1.32 pp |
| Q3 2016 | 2016-09-30 | 58.71% | +3.91 pp |
| Q2 2016 | 2016-06-30 | 53.14% | −4.60 pp |
| Q1 2016 | 2016-03-31 | 55.55% | −1.97 pp |
| Q4 2015 | 2015-12-31 | 59.17% | +0.27 pp |
| Q3 2015 | 2015-09-30 | 54.80% | −1.15 pp |
| Q2 2015 | 2015-06-30 | 57.74% | +22.16 pp |
| Q1 2015 | 2015-03-31 | 57.52% | +0.53 pp |
| Q4 2014 | 2014-12-31 | 58.90% | −3.21 pp |
| Q3 2014 | 2014-09-30 | 55.95% | −2.10 pp |
| Q2 2014 | 2014-06-30 | 35.57% | −20.09 pp |
| Q1 2014 | 2014-03-31 | 56.99% | −0.40 pp |
| Q4 2013 | 2013-12-31 | 62.11% | +5.70 pp |
| Q3 2013 | 2013-09-30 | 58.05% | −1.56 pp |
| Q2 2013 | 2013-06-30 | 55.66% | +1.95 pp |
| Q1 2013 | 2013-03-31 | 57.39% | +3.60 pp |
| Q4 2012 | 2012-12-31 | 56.41% | +10.09 pp |
| Q3 2012 | 2012-09-30 | 59.62% | +14.06 pp |
| Q2 2012 | 2012-06-30 | 53.72% | +1.27 pp |
| Q1 2012 | 2012-03-31 | 53.79% | −1.78 pp |
| Q4 2011 | 2011-12-31 | 46.32% | −13.54 pp |
| Q3 2011 | 2011-09-30 | 45.56% | −13.97 pp |
| Q2 2011 | 2011-06-30 | 52.45% | — |
| Q1 2011 | 2011-03-31 | 55.57% | — |
| Q3 2010 | 2010-09-30 | 59.85% | — |
| Q2 2010 | 2010-06-30 | 59.53% | — |
Agree Realty operating margin trends
Over the last five reported fiscal years, Agree Realty's operating margin decreased from 53.62% to 47.40%, a change of −6.22 percentage points. The latest reported quarter, Q2 2026, shows 46.50%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Agree Realty filings at SEC.gov ↗