Digital Realty Trust annual operating margin
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2025
Digital Realty Trust Operating Margin Growth & History (DLR)
Digital Realty Trust's operating margin was 10.77% for fiscal 2025.
View full Digital Realty Trust company overviewDigital Realty Trust annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 10.77% | +2.28 pp |
| 2024 | 2024-12-31 | 8.49% | −1.08 pp |
| 2023 | 2023-12-31 | 9.58% | −3.00 pp |
| 2022 | 2022-12-31 | 12.57% | −3.10 pp |
| 2021 | 2021-12-31 | 15.67% | +1.39 pp |
| 2020 | 2020-12-31 | 14.28% | −4.23 pp |
| 2019 | 2019-12-31 | 18.52% | +0.47 pp |
| 2018 | 2018-12-31 | 18.05% | −0.31 pp |
| 2017 | 2017-12-31 | 18.36% | −4.85 pp |
| 2016 | 2016-12-31 | 23.21% | +0.42 pp |
| 2015 | 2015-12-31 | 22.79% | +6.79 pp |
| 2014 | 2014-12-31 | 16.00% | −9.76 pp |
| 2013 | 2013-12-31 | 25.76% | −2.86 pp |
| 2012 | 2012-12-31 | 28.62% | −0.01 pp |
| 2011 | 2011-12-31 | 28.64% | +0.64 pp |
| 2010 | 2010-12-31 | 28.00% | +0.10 pp |
| 2009 | 2009-12-31 | 27.90% | — |
Digital Realty Trust quarterly operating margin
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Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | 16.38% | +2.39 pp |
| Q4 2025 | 2025-12-31 | 6.82% | −3.23 pp |
| Q3 2025 | 2025-09-30 | 8.78% | −2.98 pp |
| Q2 2025 | 2025-06-30 | 14.18% | +13.45 pp |
| Q1 2025 | 2025-03-31 | 13.99% | +2.76 pp |
| Q4 2024 | 2024-12-31 | 10.05% | +0.26 pp |
| Q3 2024 | 2024-09-30 | 11.76% | +7.61 pp |
| Q2 2024 | 2024-06-30 | 0.73% | −10.61 pp |
| Q1 2024 | 2024-03-31 | 11.22% | −2.03 pp |
| Q4 2023 | 2023-12-31 | 9.79% | −0.02 pp |
| Q3 2023 | 2023-09-30 | 4.15% | −9.05 pp |
| Q2 2023 | 2023-06-30 | 11.33% | −3.62 pp |
| Q1 2023 | 2023-03-31 | 13.25% | +0.72 pp |
| Q4 2022 | 2022-12-31 | 9.81% | −2.02 pp |
| Q3 2022 | 2022-09-30 | 13.20% | −3.07 pp |
| Q2 2022 | 2022-06-30 | 14.95% | −2.03 pp |
| Q1 2022 | 2022-03-31 | 12.53% | −5.13 pp |
| Q4 2021 | 2021-12-31 | 11.83% | −3.25 pp |
| Q3 2021 | 2021-09-30 | 16.27% | +2.18 pp |
| Q2 2021 | 2021-06-30 | 16.98% | +1.59 pp |
| Q1 2021 | 2021-03-31 | 17.66% | +5.50 pp |
| Q4 2020 | 2020-12-31 | 15.08% | −2.56 pp |
| Q3 2020 | 2020-09-30 | 14.09% | −6.34 pp |
| Q2 2020 | 2020-06-30 | 15.39% | −3.21 pp |
| Q1 2020 | 2020-03-31 | 12.15% | −5.23 pp |
| Q4 2019 | 2019-12-31 | 17.64% | +1.86 pp |
| Q3 2019 | 2019-09-30 | 20.43% | +2.35 pp |
| Q2 2019 | 2019-06-30 | 18.60% | −0.48 pp |
| Q1 2019 | 2019-03-31 | 17.38% | −1.94 pp |
| Q4 2018 | 2018-12-31 | 15.78% | −0.24 pp |
| Q3 2018 | 2018-09-30 | 18.09% | +7.24 pp |
| Q2 2018 | 2018-06-30 | 19.08% | −4.00 pp |
| Q1 2018 | 2018-03-31 | 19.32% | −5.61 pp |
| Q4 2017 | 2017-12-31 | 16.02% | −10.18 pp |
| Q3 2017 | 2017-09-30 | 10.85% | −10.34 pp |
| Q2 2017 | 2017-06-30 | 23.08% | +1.28 pp |
| Q1 2017 | 2017-03-31 | 24.93% | +1.51 pp |
| Q4 2016 | 2016-12-31 | 26.20% | +17.93 pp |
| Q3 2016 | 2016-09-30 | 21.19% | −2.70 pp |
| Q2 2016 | 2016-06-30 | 21.81% | −3.66 pp |
| Q1 2016 | 2016-03-31 | 23.43% | −13.30 pp |
| Q4 2015 | 2015-12-31 | 8.27% | +9.77 pp |
| Q3 2015 | 2015-09-30 | 23.88% | +3.90 pp |
| Q2 2015 | 2015-06-30 | 25.47% | +2.44 pp |
| Q1 2015 | 2015-03-31 | 36.72% | +13.68 pp |
| Q4 2014 | 2014-12-31 | −1.50% | −27.24 pp |
| Q3 2014 | 2014-09-30 | 19.98% | −2.46 pp |
| Q2 2014 | 2014-06-30 | 23.03% | −4.48 pp |
| Q1 2014 | 2014-03-31 | 23.04% | −4.47 pp |
| Q4 2013 | 2013-12-31 | 25.74% | −1.32 pp |
| Q3 2013 | 2013-09-30 | 22.45% | −5.90 pp |
| Q2 2013 | 2013-06-30 | 27.51% | −1.61 pp |
| Q1 2013 | 2013-03-31 | 27.51% | −2.83 pp |
| Q4 2012 | 2012-12-31 | 27.06% | −2.98 pp |
| Q3 2012 | 2012-09-30 | 28.34% | +2.15 pp |
| Q2 2012 | 2012-06-30 | 29.12% | +0.48 pp |
| Q1 2012 | 2012-03-31 | 30.34% | +0.57 pp |
| Q4 2011 | 2011-12-31 | 30.04% | +4.61 pp |
| Q3 2011 | 2011-09-30 | 26.19% | −1.23 pp |
| Q2 2011 | 2011-06-30 | 28.64% | +1.00 pp |
| Q1 2011 | 2011-03-31 | 29.78% | — |
| Q3 2010 | 2010-09-30 | 25.43% | — |
| Q2 2010 | 2010-06-30 | 27.42% | — |
| Q2 2009 | 2009-06-30 | 27.64% | — |
Digital Realty Trust operating margin trends
Over the last five reported fiscal years, Digital Realty Trust's operating margin decreased from 14.28% to 10.77%, a change of −3.51 percentage points. The latest reported quarter, Q1 2026, shows 16.38%.
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 Digital Realty Trust filings at SEC.gov ↗