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Did Realty Income Beat Earnings?
Realty Income (O) reported Q2 '26 revenue of $1.55B, up 9.7% year-over-year, with reported EPS of $1.09. That matched the $1.09 analyst estimate.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Realty Income’s job postings, web traffic, and employee business outlook. See the full O stock analysis or the earnings calendar for upcoming reports.
O Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $1.09 | $1.09 | Met +0.0% |
| Q1 '26 | $0.42 | $0.34 | Missed -19.0% |
| Q4 '25 | $0.38 | $0.33 | Missed -13.1% |
| Q3 '25 | $0.40 | $0.36 | Missed -10.0% |
| Q2 '25 | $0.40 | $0.22 | Missed -45.0% |
| Q1 '25 | $0.33 | $0.28 | Missed -15.2% |
Realty Income Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.33B | 1.34B | 1.38B | 1.41B | 1.47B | 1.49B | 1.55B | 1.55B |
| Gross margin | 93.1% | 92.8% | 92.3% | 92.4% | 92.7% | 82.1% | 11.1% | 9.8% |
| Operating margin | 44.7% | 43.9% | 45.0% | 42.9% | 45.8% | -18.3% | 46.9% | 48.0% |
| Net income | 269M | 200M | 250M | 197M | 316M | 296M | 312M | 397M |
| Net margin | 20.2% | 14.9% | 18.1% | 14.0% | 21.5% | 19.9% | 20.1% | 25.7% |
| EPS | $0.31 | $0.22 | $0.28 | $0.22 | $0.36 | $0.33 | $0.34 | $1.09 |
Realty Income Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Realty Income’s quarterly revenue moved from $1.33B to $1.55B. Net margin expanded from 20.2% to 25.7%, against a 9.8% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Realty Income has beaten Wall Street EPS estimates in 1 of its last 8 reported quarters.
When Is Realty Income’s Next Earnings Date?
Realty Income reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the O earnings calendar.
Frequently Asked Questions: Realty Income Earnings
Realty Income's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Realty Income reported Q2 '26 EPS of $1.09 on revenue of $1.55B (+9.7% YoY). Realty Income reported EPS of $1.09.
Realty Income reported Q2 '26 revenue of $1.55B, up 9.7% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the O AI Score.
