DLR (Digital Realty Trust, Inc.) Stock Financials & Earnings | Market Cap Arena

DLR (Digital Realty Trust, Inc.) Stock Financials & Earnings | Market Cap Arena

DLRDigital Realty Trust, Inc.

Mkt Cap$63B

Real Estate·REIT - Office·🇺🇸 United States·NYSE

Revenue (TTM)$6.2B

Net Income (TTM)$1.3B

EPS (TTM)$3.61

Free Cash Flow (TTM)$233M

Gross Margin40.0%

Op. Margin13.7%

Net Margin21.1%

FCF Margin3.8%

P/S Ratio (TTM)10.1x

P/E Ratio (TTM)47.9x

YoY Rev Growth+11.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.3B	$723M	$177M
Q2 23	$1.4B	$715M	$155M
Q3 23	$1.4B	$718M	$58M
Q4 23	$1.4B	$722M	$134M
Q1 24	$1.3B	$738M	$149M
Q2 24	$1.4B	$749M	$10M
Q3 24	$1.4B	$775M	$168M
Q4 24	$1.4B	$773M	$144M
Q1 25	$1.4B	$802M	$196M
Q2 25	$1.5B	$832M	$212M
Q3 25	$1.6B	$867M	$138M
Q4 25	$1.7B	-$24M	$305M

Valuation

Quarter	P/S	P/E
Q1 23	12.8x	168.0x
Q2 23	12.2x	146.5x
Q3 23	11.7x	67.8x
Q4 23	11.4x	66.1x
Q1 24	11.5x	54.0x
Q2 24	11.5x	55.8x
Q3 24	11.4x	142.1x
Q4 24	11.3x	104.1x
Q1 25	11.1x	145.5x
Q2 25	10.9x	45.3x
Q3 25	10.6x	44.8x
Q4 25	10.1x	47.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$350M	$350M
Q2 23	$464M	-$166M
Q3 23	$358M	-$739M
Q4 23	$462M	-$597M
Q1 24	$352M	-$307M
Q2 24	$573M	-$82M
Q3 24	$567M	-$215M
Q4 24	$769M	$34M
Q1 25	$399M	-$388M
Q2 25	$641M	-$63M
Q3 25	$653M	-$35M
Q4 25	$719M	$719M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$0
Q2 23	$630M
Q3 23	$1.1B
Q4 23	$1.1B
Q1 24	$659M
Q2 24	$655M
Q3 24	$782M
Q4 24	$735M
Q1 25	$787M
Q2 25	$704M
Q3 25	$687M
Q4 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+18.8%	+17.8%
Q2 23	+19.9%	+25.0%
Q3 23	+17.6%	+29.9%
Q4 23	+11.1%	+11.1%
Q1 24	-0.6%	+1.8%
Q2 24	-0.7%	+11.2%
Q3 24	+2.1%	-6.0%
Q4 24	+4.8%	+4.5%
Q1 25	+5.7%	+2.5%
Q2 25	+10.1%	-4.9%
Q3 25	+10.2%	+13.9%
Q4 25	+19.3%	+9.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$18M	1.3%
Q2 23	$18M	1.3%
Q3 23	$19M	1.4%
Q4 23	$26M	1.9%
Q1 24	$17M	1.3%
Q2 24	$21M	1.6%
Q3 24	$23M	1.6%
Q4 24	$15M	1.0%
Q1 25	$21M	1.5%
Q2 25	$25M	1.7%
Q3 25	$24M	1.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$112M
Q2 23	$110M
Q3 23	$111M
Q4 23	$117M
Q1 24	$115M
Q2 24	$120M
Q3 24	$118M
Q4 24	$127M
Q1 25	$124M
Q2 25	$136M
Q3 25	$142M

Revenue Segments

Quarter	Fee income and other	Rental and other services	Fee Income And Other	Rental And Other Services
Q1 23	$9M	$1.3B	—	—
Q2 23	$16M	$1.4B	—	—
Q3 23	—	—	$8M	$1.4B
Q1 24	—	—	$14M	$1.3B
Q2 24	—	—	$18M	$1.3B
Q3 24	—	—	$17M	$1.4B
Q1 25	—	—	$21M	$1.4B
Q2 25	—	—	$36M	$1.5B

Revenue by Geography

Quarter	Outside the United States	United States	Non-US
Q1 23	$626M	$713M	—
Q2 23	$662M	$704M	—
Q3 23	$675M	$727M	—
Q4 23	$678M	$692M	—
Q1 24	—	$705M	$626M
Q2 24	—	$715M	$642M
Q3 24	—	$740M	$691M
Q4 24	—	$751M	$685M
Q1 25	—	$762M	$646M
Q2 25	—	$781M	$713M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$131M	$0	$131M
Q2 23	$125M	$0	$125M
Q3 23	$1.1B	$0	$1.1B
Q4 23	$1.6B	$0	$1.6B
Q1 24	$1.2B	$0	$1.2B
Q2 24	$2.3B	$0	$2.3B
Q3 24	$2.2B	$0	$2.2B
Q4 24	$3.9B	$0	$3.9B
Q1 25	$2.3B	$0	$2.3B
Q2 25	$3.6B	$0	$3.6B
Q3 25	$3.3B	$0	$3.3B
Q4 25	$3.5B	$0	$3.5B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	303M	+0.4%
Q2 23	307M	+1.2%
Q3 23	311M	+1.5%
Q4 23	306M	-1.8%
Q1 24	321M	+4.9%
Q2 24	328M	+2.2%
Q3 24	336M	+2.5%
Q4 24	341M	+1.3%
Q1 25	345M	+1.2%
Q2 25	346M	+0.3%
Q3 25	349M	+1.0%
Q4 25	352M	+0.7%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$2M	860
FY 15	$1M	1K
FY 16	$2M	1K
FY 17	$2M	1K
FY 18	$2M	2K
FY 19	$2M	2K
FY 20	$1M	3K
FY 21	$1M	3K
FY 22	$1M	3K
FY 23	$1M	4K
FY 24	$1M	4K
FY 25	$1M	4K