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DLR Financials Digital Realty

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 9.4% per year over the past 5 years.
  • Net income has grown faster than revenue (29.8% vs 9.4% per year).
  • Operating margin has contracted, at 10.8% in the latest year.

Financial health

  • Operating income covered interest expense 1.5× in the latest year, down from 1.7× 5 years ago.

Shareholder returns

  • Dividends have been paid for 7 consecutive years, consuming 131.6% of earnings.
  • The dividend has grown 6.9% per year over the past 5 years.
Revenue & net income
$0 $3B $6B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 20% 39% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 5% 10% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
$0 $1 $1 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $2B $4B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$5B -$865M $3B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $6.1B $1.3B 0.0% 10.8% 5.7% 2.7% — — $3.5B
2024 $5.6B $588M 0.0% 8.5% 2.8% 1.3% — — $3.9B
2023 $5.5B $950M 0.0% 9.6% 5.0% 2.2% — — $1.6B
2022 $4.7B $380M 0.0% 12.6% 2.2% 0.9% — — $142M
2021 $4.4B $1.7B 0.0% 15.7% 9.7% 4.8% — — $143M
2020 $3.9B $356M 0.0% 14.3% 2.0% 1.0% — — $109M
2019 $3.2B $580M 0.0% 18.5% 5.9% 2.5% — — $90M
2018 $3.0B $331M 0.0% 18.0% 3.4% 1.4% — — $127M
2017 $2.5B $248M 0.0% 18.4% 2.4% 1.2% — — $51000
2016 $2.1B $426M 0.0% 23.2% 8.4% 3.5% — — $11M
2015 $1.8B $297M 0.0% 22.8% 6.6% 2.6% — — $57M
2014 $1.6B $200M 0.0% 16.0% 5.2% 2.1% — — $35M
2013 $1.5B $314M 0.0% 25.8% 8.7% 3.3% — — $50M
2012 $1.3B $210M 0.0% 28.6% 6.1% 2.4% — — $52M
2011 $1.1B $156M 0.0% 28.6% 6.2% 2.6% — $2.9B $41M

Valuation over time

How the market has priced DLR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 64.1 128.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 6.3 12.6 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 2.1 4.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is DLR growing its revenue and profit?

Over the past 5 years, Digital Realty's revenue has grown 9.4% per year, and net income grown 29.8% per year. These are computed facts, not advice.

How much debt does DLR have?

As of FY2025, Digital Realty reported — of total debt against $3.5B of cash; operating income covered interest expense 1.5×.

What is DLR's profit margin?

In FY2025, gross margin was —, operating margin 10.8%, and net margin 21.5%.

What is DLR's P/E ratio?

Digital Realty's P/E (TTM) is 44.87 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DLR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 47.1× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.