Digital Realty Trust, Inc.
Financial Performance
Digital Realty Revenue & Financials
Revenue
$6.1B (FY2025)
Market Cap
$66.7B
Employees
4,282
What is Digital Realty's revenue?
Digital Realty had $6.1B in revenue for fiscal year 2025, up 10% from 2024.
- Latest revenue
- $6.1B (FY2025)
- Year-over-year
- +10%
- Growth rate (CAGR)
- 12.4% over 9 years
- Peak revenue
- $6.1B (FY2025)
- Years of data
- 10
- Employees
- 4,282
- What is Digital Realty's operating income?
- Digital Realty reported operating income of $658.5M for fiscal year 2025. sec.gov
- How many employees does Digital Realty have?
- Digital Realty has about 4,282 employees.
Financial Analysis
As a REIT, Digital Realty must distribute most of its taxable income, so it measures performance with Funds From Operations (FFO) rather than net income. FY2025 revenue was $6.11B, up from $5.55B in 2024, with $1.31B of net income. Q2 2026 revenue was $1.92B (up 29% year over year) and Core FFO excluding net promote income was $2.13 per share, up 14%. Management raised 2026 guidance to $8.15-$8.20 Core FFO per share and $6.85B-$6.95B of revenue. The quarterly dividend has been $1.22 per share ($4.88 annualized) since 2022. Development is capital-heavy, so the company leans on equity, investment-grade debt and joint-venture partners to fund it. Digital Realty Trust is a major real estate investment trust (REIT) focused on data centers, sustaining a robust market valuation typically over $40 billion.
Revenue Trend Analysis
YoY Change
+10%
9-Year CAGR
+12.4%
Peak Year
2025
Trend
Consistent Growth
Digital Realty Trust, Inc. has 10 full fiscal year figures on this page, compounding at +12.4% annually over 9 years. The most recent year saw a 10% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $6.1B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $6.1B | $658.5Mfiling | — | +10.0% | sec.gov Revenue was $6.113B in FY2025. |
| FY2024 | $5.6B | $471.9Mfiling | — | +1.4% | sec.gov Revenue was $5.555B in FY2024. |
| FY2023 | $5.5B | $524.5Mfiling | — | +16.7% | sec.gov Revenue was $5.477B in FY2023. |
| FY2022 | $4.7B | $590M | $377.7M | +6.0% | Digital Realty Trust, Inc. annual report (Form 10-K, SEC EDGAR, filed 2025-02-25) Fiscal year ended 2022-12-31. |
| FY2021 | $4.4B | $694M | $1.7B | +13.4% | Digital Realty Trust, Inc. annual report (Form 10-K, SEC EDGAR, filed 2024-02-23) Fiscal year ended 2021-12-31. |
| FY2020 | $3.9B | $557.5M | $356.4M | +21.6% | Digital Realty Trust, Inc. annual report (Form 10-K, SEC EDGAR, filed 2023-02-27) Fiscal year ended 2020-12-31. |
| FY2019 | $3.2B | $594.2M | $579.8M | +5.3% | Digital Realty Trust, Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-02-25) Fiscal year ended 2019-12-31. |
| FY2018 | $3B | $549.8M | $331.2M | +23.9% | Digital Realty Trust, Inc. annual report (Form 10-K, SEC EDGAR, filed 2021-03-01) Fiscal year ended 2018-12-31. |
| FY2017 | $2.5B | $451.3M | $248.3M | +14.7% | Digital Realty Trust, Inc. annual report (Form 10-K, SEC EDGAR, filed 2020-03-02) Fiscal year ended 2017-12-31. |
| FY2016 | $2.1B | $497.3M | $426.2M | — | Digital Realty Trust, Inc. annual report (Form 10-K, SEC EDGAR, filed 2019-02-25) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Digital Realty Trust, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $2.4B | $49.4B | $24.6B | $22.9B | Form 10-K |
| FY2024ended Dec 31, 2024 | $2.3B | $45.3B | $22.1B | $21.3B | Form 10-K |
| FY2023ended Dec 31, 2023 | $1.6B | $44.1B | $23.1B | $19.1B | Form 10-K |
| FY2022ended Dec 31, 2022 | $1.7B | $41.5B | $21.9B | $17.6B | Form 10-K |
| FY2021ended Dec 31, 2021 | $1.7B | $36.4B | $17.8B | $18B | Form 10-K |
| FY2020ended Dec 31, 2020 | $1.7B | $36.1B | $17.6B | $17.7B | Form 10-K |
| FY2019ended Dec 31, 2019 | $1.5B | $23.1B | $12.4B | $9.9B | Form 10-K |
| FY2018ended Dec 31, 2018 | $1.4B | $23.8B | $12.9B | $9.9B | Form 10-K |
| FY2017ended Dec 31, 2017 | $1B | $21.4B | $10.3B | $10.3B | Form 10-K |
| FY2016ended Dec 31, 2016 | $911.2M | $12.2B | $7.1B | $5.1B | Form 10-K |
Keep researching Digital Realty
Digital Realty Revenue and Financial FAQ
What are Digital Realty's annual revenues and Funds From Operations (FFO)?
FY2025 revenue was $6.11 billion and net income $1.31 billion. For 2026 the company guides to $6.85-$6.95 billion of revenue and $8.15-$8.20 of Core FFO per share excluding net promote income; Q2 2026 Core FFO on that basis was $2.13 per share, up 14%.
What is Digital Realty's enterprise value and market capitalization?
Digital Realty's market capitalization was about $66.7 billion in late September 2026, making it one of the largest US-listed REITs.
What is Digital Realty's capital expenditure (CapEx) budget for data center construction?
Development spending runs into billions of dollars a year; the company had 769 MW of projects underway at the end of 2025 and funds a large share through joint ventures and private funds.
What is Digital Realty's credit rating and debt maturity profile?
Digital Realty holds investment-grade ratings (BBB-category from S&P and Fitch, Baa2 from Moody's) and finances itself with a mix of unsecured bonds, including euro-denominated and green bonds, plus equity.
How does Digital Realty finance its multi-billion-dollar development pipeline?
Digital Realty finances development through a balanced combination of retained operational cash flow, investment-grade green bond issuances, institutional private equity joint ventures, ATM equity distributions, and capital recycling via sales of non-core stabilized assets.
What is Digital Realty's occupancy rate across its global data center portfolio?
Portfolio occupancy has generally run in the low-to-mid 80% range, and much new capacity is pre-leased before delivery, supported by a record $1.9 billion backlog at mid-2026.
What percentage of Digital Realty's revenue comes from international markets outside North America?
A large share of revenue comes from outside North America, mainly Europe through Interxion, plus Asia-Pacific, Latin America (Ascenty) and Africa (Teraco). Check the latest 10-K for the exact regional split.
How does Digital Realty manage interest rate sensitivity on its debt load?
The company relies mainly on fixed-rate unsecured debt and currency-matched borrowing in euros and other currencies to limit exposure to rate moves.
Is Digital Realty a good dividend stock?
Yes, because it is structured as a REIT, it pays zero corporate income tax but is legally mandated to distribute at least 90% of its massive taxable income to shareholders as dividends. However, building data centers requires massive, constant capital expenditure (CapEx) and heavy debt.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Digital Realty Revenue & Financials." CorpDigest, https://corpdigest.com/company/digital-realty/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Digital Realty reported $6.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/digital-realty/financials" target="_blank" rel="noopener">CorpDigest — Digital Realty financials</a></div>Related Financial Audits
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