DLR financial statements

The full income statement, balance sheet, and cash-flow statement for Digital Realty Trust Inc. (DLR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-03 312.4M2024-06 327.4M2024-09 331.7M2024-12 336.6M2025-03 336.8M2025-06 341.1M2025-09 343.5M2025-12 343.6M2026-03 351.4M+12.5% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	6.11B YoY+10.0%	5.55B YoY+1.4%	5.48B YoY+16.7%	4.69B YoY+6.0%	4.43B YoY+13.4%
	5.45B YoY+7.3%	5.08B YoY+2.6%	4.95B YoY+20.7%	4.10B YoY+9.9%	3.73B YoY+11.6%
Selling, general & administrative	565M YoY+17.8%	480M YoY+6.9%	449M YoY+6.4%	422M YoY+5.4%	401M YoY+14.0%
General & administrative	565M YoY+17.8%	480M YoY+6.9%	449M YoY+6.4%	422M YoY+5.4%	401M YoY+14.0%
Operating income	658M YoY+39.6%	472M YoY-10.0%	524M YoY-11.1%	590M YoY-15.0%	694M YoY+24.5%
Interest expense	438M YoY-3.3%	453M YoY+3.4%	438M YoY+46.3%	299M YoY+1.8%	294M YoY-11.8%
Other non-operating income	161M YoY+4.4%	154M YoY+125.4%	68.4M YoY+667.4%	8.92M YoY+304.6%	-4.36M YoY-121.6%
Equity-method income	-32.0M YoY+73.4%	-120M YoY-303.3%	-29.8M YoY-120.7%	-13.5M YoY-121.7%	62.3M YoY+208.1%
Pre-tax income	1.35B	—	—	—	—
Income tax	32.0M YoY-41.5%	54.8M YoY-27.5%	75.6M YoY+139.6%	31.6M YoY-56.7%	72.8M YoY+91.3%
	1.31B YoY+117.2%	602M YoY-36.5%	949M YoY+151.2%	378M YoY-77.9%	1.71B YoY+379.6%
Net income to non-controlling interest	4.58M YoY+132.3%	-14.2M YoY-1060.9%	1.47M YoY-44.2%	2.64M YoY-93.1%	38.2M YoY+502.5%
Net income to common	1.27B YoY+125.7%	562M YoY-38.1%	908M YoY+169.5%	337M YoY-80.0%	1.68B YoY+538.5%
	$3.58 YoY+122.4%	$1.61 YoY-44.1%	$2.88 YoY+159.5%	$1.11 YoY-81.3%	$5.94 YoY+494.0%
EPS (basic)	$3.73 YoY+114.4%	$1.74 YoY-42.8%	$3.04 YoY+157.6%	$1.18 YoY-80.2%	$5.95 YoY+489.1%
	340M YoY+5.1%	323M YoY+8.3%	299M YoY+4.3%	286M YoY+1.4%	282M YoY+108502.9%
	348M YoY+4.9%	332M YoY+7.3%	309M YoY+3.7%	298M YoY+5.2%	283M YoY+107784.6%
Dividends per share	$5.03 YoY+3.7%	$4.85 YoY-0.4%	$4.87 YoY-2.3%	$4.98 YoY+2.8%	$4.85 YoY+17.2%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	3.45B YoY-10.8%	3.87B YoY+138.1%	1.63B YoY+1046.5%	142M YoY-0.6%	143M YoY+31.5%
	49.4B YoY+9.1%	45.3B YoY+2.7%	44.1B YoY+6.3%	41.5B YoY+14.1%	36.4B YoY+0.8%
Operating lease right-of-use	1.14B YoY-3.7%	1.18B YoY-16.6%	1.41B YoY+4.7%	1.35B YoY-3.9%	1.41B YoY+1.3%
Goodwill	9.71B YoY+8.8%	8.93B YoY-3.4%	9.24B YoY+0.3%	9.21B YoY+16.0%	7.94B YoY-4.7%
Intangible assets	1.81B YoY-6.6%	1.94B	—	—	—
	24.6B YoY+11.1%	22.1B YoY-4.4%	23.1B YoY+5.7%	21.9B YoY+22.5%	17.8B YoY+1.5%
Long-term debt	16.2B YoY+16.0%	14.0B YoY+4.0%	13.4B YoY+2.3%	13.1B YoY+1.7%	12.9B YoY+7.6%
Operating lease liability (total)	1.25B YoY-3.2%	1.29B YoY-16.1%	1.54B YoY+4.8%	1.47B YoY-2.7%	1.51B YoY+3.0%
Finance lease liability (total)	341M YoY+6.7%	319M YoY+1.3%	315M YoY-3.1%	325M YoY+48.8%	219M YoY-6.3%
Deferred tax liabilities	1.12B YoY+3.7%	1.08B YoY-5.8%	1.15B YoY-3.5%	1.19B YoY+79.0%	666M YoY-4.6%
	22.9B YoY+7.4%	21.3B YoY+11.6%	19.1B YoY+8.7%	17.6B YoY-2.3%	18.0B YoY+1.6%
Preferred stock	732M YoY+0.0%	732M YoY+0.0%	732M YoY+0.0%	732M YoY+0.0%	732M YoY-23.1%
Common stock	3.41M YoY+2.1%	3.34M YoY+8.1%	3.09M YoY+7.0%	2.89M YoY+2.2%	2.82M YoY+1.3%
Additional paid-in capital	29.4B YoY+4.5%	28.1B YoY+15.1%	24.4B YoY+10.2%	22.1B YoY+5.1%	21.1B YoY+2.2%
Retained earnings	-6.69B YoY-6.3%	-6.29B YoY-19.6%	-5.26B YoY-12.0%	-4.70B YoY-29.4%	-3.63B YoY+9.2%
Accumulated other comprehensive income	-469M YoY+60.3%	-1.18B YoY-57.3%	-751M YoY-26.1%	-596M YoY-242.6%	-174M YoY-228.8%
Non-controlling interest	421M YoY+4.8%	402M YoY-16.9%	484M YoY-7.7%	524M YoY+11.0%	472M YoY-35.2%
Total equity incl. non-controlling	23.3B YoY+7.4%	21.7B YoY+10.9%	19.6B YoY+8.3%	18.1B YoY-2.0%	18.5B YoY+0.2%
Total liabilities & equity	49.4B YoY+9.1%	45.3B YoY+2.7%	44.1B YoY+6.3%	41.5B YoY+14.1%	36.4B YoY+0.8%
	344M YoY+2.1%	336M YoY+7.9%	312M YoY+7.0%	291M YoY+2.4%	284M YoY+1.5%
	344M YoY+2.1%	337M YoY+8.0%	312M YoY+7.0%	291M YoY+2.4%	284M YoY+1.5%
	344M YoY+2.1%	337M YoY+7.8%	312M YoY+7.3%	291M YoY+2.4%	284M YoY+1.2%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.41B YoY+6.7%	2.26B YoY+38.3%	1.63B YoY-1.5%	1.66B YoY-2.5%	1.70B YoY-0.3%
Depreciation & amortization	1.89B YoY+6.9%	1.77B YoY+4.5%	1.69B YoY+7.4%	1.58B YoY+6.1%	1.49B YoY+8.8%
Deferred income taxes	-101M	—	—	—	—
	-2.23B YoY-17.0%	-1.91B YoY-70.9%	-1.12B YoY+76.3%	-4.70B YoY-342.6%	-1.06B YoY+59.2%
Capital expenditure	3.18B YoY+12.3%	2.83B YoY-19.7%	3.53B YoY+33.4%	2.64B YoY+4.9%	2.52B YoY+22.1%
Free cash flow	-769M YoY-34.9%	-570M YoY+69.8%	-1.89B YoY-92.2%	-984M YoY-20.2%	-819M YoY-128.9%
Acquisitions	309M	0.00	0.00	0.00	0.00 YoY-100.0%
Other investing activities	-18.0M YoY-115.6%	115M YoY+84.7%	62.5M YoY-38.5%	102M YoY+138.1%	42.7M YoY-9.2%
	-487M YoY-123.6%	2.06B YoY+114.2%	963M YoY-67.6%	2.97B YoY+602.7%	-591M YoY-163.1%
Long-term debt issued	3.49B YoY+56.1%	2.23B YoY+157.2%	869M YoY-68.9%	2.79B YoY+53.0%	1.82B YoY-48.9%
Long-term debt repaid	2.51B YoY+18.7%	2.12B YoY+1792.3%	112M YoY-89.2%	1.04B YoY+4.6%	991M YoY-66.2%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	1.73B YoY+5.8%	1.63B YoY+7.4%	1.52B YoY+4.8%	1.45B YoY+5.2%	1.38B YoY+18.6%
Other financing activities	-58.5M YoY-294.7%	30.0M YoY+148.5%	-62.0M YoY-219.0%	52.1M YoY+254.1%	-33.8M YoY-94.0%
FX effect on cash	-113M YoY+36.5%	-179M YoY-6885.4%	2.63M YoY-96.2%	70.1M YoY+417.9%	-22.0M YoY-33.7%
Interest paid	381M YoY-13.2%	438M YoY+11.4%	393M YoY+44.9%	272M YoY-1.2%	275M YoY-9.0%
Income taxes paid	113M YoY+58.7%	71.2M YoY-19.8%	88.8M YoY+112.9%	41.7M YoY+39.5%	29.9M YoY+48.8%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	53.2B YoY-10.9%	59.7B YoY+46.5%	40.8B YoY+41.4%	28.8B YoY-42.7%	50.3B YoY+28.3%
P/E	40.6× YoY-59.0%	99.1× YoY+124.7%	44.1× YoY+120.5%	20.0× YoY-32.1%	29.4× YoY-73.3%
P/S	8.7× YoY-19.1%	10.7× YoY+40.8%	7.6× YoY+21.0%	6.3× YoY-44.5%	11.4× YoY+13.1%
P/B	2.3× YoY-17.1%	2.8× YoY+24.8%	2.2× YoY+32.6%	1.7× YoY-39.5%	2.8× YoY+26.2%
	2.5% YoY+143.9%	1.0% YoY-55.5%	2.3% YoY-54.6%	5.0% YoY+47.2%	3.4% YoY+273.8%
	3.3% YoY+18.8%	2.7% YoY-24.4%	3.6% YoY-27.2%	5.0% YoY+81.3%	2.7% YoY-7.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: DLR's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DLR filings on SEC EDGAR → Not investment advice.