O Realty Income Corporation Common Stock
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 6, 2026
$54.13
· of 52w range
· above low
· to high
$53.3352w low
$67.9452w high
Market Cap (MRQ)
$51.22B
P/E (TTM)
39.5
EPS (TTM)
$1.37
Revenue (TTM)
$6.05B
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52W Range
$53–$68
Analyst Rating
HOLD
Price Target
$67
P/E
39.5
ROE
3.3%
Net Profit Margin
21.5%
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O Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$54.13
Market Cap (MRQ)
$51.22B
P/E (TTM)
39.5
EPS (TTM)
$1.37
Revenue (TTM)
$6.05B
Div Yield
5.8%
ROE (TTM)
3.3%
Debt/Equity (MRQ)
0.0
52W Range
$53–$68
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Nov. 15, 2021 | 129-for-125 | Forward |
| Jan. 3, 2005 | 2-for-1 | Forward |
About Realty Income Corporation Common Stock Company overview from Wikipedia
Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.
The company is one of a few real estate investment trusts that pays dividends monthly, rather than quarterly, and has registered a trademark for the phrase "The Monthly Dividend Company".
Investments
As of June 30, 2024, the company owned 15,450 properties totaling approximately 335.3 million leasable square feet.
The company's largest tenants are as follows:
History
Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. Its first acquisition was a Taco Bell restaurant in early 1970. The company used cash to purchase land needed for stores that required real estate to run, and then leased the property to the stores long term. In 1994, the company became a public company via an initial public offering. In 1997, William E. Clark, Jr., retired as CEO and was succeeded by Thomas A. Lewis. In 2013, John P. Case succeeded Mr. Lewis as CEO of the company.
In 2009, Clark retired as chairman. In 2013, the company acquired American Realty Capital Trust, founded by Nicholas Schorsch, in a $2.95 billion transaction. In 2015, the company was added to the S&P 500 and the S&P High Yield Dividend Aristocrats index. In 2018, Sumit Roy became the company's CEO. In 2019, the company completed a sale-leaseback transaction for 12 properties of the United Kingdom supermarket chain Sainsbury's. This was the company's first purchase of property outside the United States.
On November 1, 2021, the company acquired VEREIT. On December 1, 2022, the company completed a $1.7 billion sale-leaseback of Encore Boston Harbor. On August 2, 2023, the company announced a $950 million investment in Bellagio Las Vegas. On January 23, 2024, the company completed the $9.3 billion acquisition of Spirit Realty Capital.
In November 2025, it was announced the company had acquired The Lexicon shopping centre in Bracknell, UK for approximately £150m.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorReal Estate
industryReal Estate
employees544
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$5.75B2016-12-31 → 2025-12-31
EPS$1.172018-12-31 → 2025-12-31
Net margin21.5%2018-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | O | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 39.55Y avg ≈55.0 | ≈55.0 | 24.9 | Overvalued | |
| P/S (TTM) | 8.55Y avg ≈12.3 | ≈12.3 | 8.0 | Overvalued | |
| P/B (MRQ) | 1.35Y avg ≈1.4 | ≈1.4 | 2.0 | Undervalued | |
| EV / EBITDA | 20.05Y avg ≈27.4 | ≈27.4 | · | · | |
| Price / Cash Flow | 12.65Y avg ≈17.9 | ≈17.9 | 13.2 | Fair value | |
| EV / Revenue | 8.85Y avg ≈12.4 | ≈12.4 | · | · | |
| Price / Tangible Book (MRQ) | 1.55Y avg ≈2.0 | ≈2.0 | · | · | |
| PEG Ratio | ≈76.0 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | O | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| EBITDA Margin | 43.9%5Y avg ≈45.8% | ≈45.8% | 41.6% | In line | |
| Pretax Margin (TTM) | 23.3%5Y avg ≈21.4% | ≈21.4% | · | · | |
| Net Profit Margin (TTM) | 21.5%5Y avg ≈19.9% | ≈19.9% | 26.1% | Weak | |
| ROA (TTM) | 1.8%5Y avg ≈1.5% | ≈1.5% | 3.5% | Weak | |
| ROE (TTM) | 3.3%5Y avg ≈2.6% | ≈2.6% | 6.7% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | O | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.05Y avg ≈0.0 | ≈0.0 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | O | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 9.1%5Y avg ≈29.5% | ≈29.5% | · | · | |
| Revenue CAGR 3Y | 19.8%5Y avg ≈30.5% | ≈30.5% | · | · | |
| Revenue CAGR 5Y | 28.4% | · | · | · | |
| EPS YoY | 19.4%5Y avg ≈5.1% | ≈5.1% | · | · | |
| Net Income YoY | 23.0%5Y avg ≈30.9% | ≈30.9% | · | · | |
| EPS CAGR 3Y | -6.2%5Y avg ≈0.40% | ≈0.40% | · | · | |
| EPS CAGR 5Y | 0.52% | · | · | · | |
| Net Income CAGR 3Y | 6.8%5Y avg ≈23.6% | ≈23.6% | · | · | |
| Net Income CAGR 5Y | 21.8% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | O | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.1 | ≈0.1 | 0.1 | Weak | |
| Revenue / Employee | ≈$10.6M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield5.8%
Payout Ratio275.9%
Annualized Payout≈$3.26
5Y Div CAGR≈3.5%
Growth Streak≈30
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 30, 2026 | $0.27 | USD | ≈6.0% |
| Aug 31, 2026 | $0.27 | USD | ≈5.3% |
| Jul 31, 2026 | $0.27 | USD | ≈5.1% |
| Jun 30, 2026 | $0.27 | USD | ≈5.2% |
| May 29, 2026 | $0.27 | USD | ≈5.3% |
| Apr 30, 2026 | $0.27 | USD | ≈5.0% |
| Mar 31, 2026 | $0.27 | USD | ≈5.3% |
| Feb 27, 2026 | $0.27 | USD | ≈4.8% |
| Jan 30, 2026 | $0.27 | USD | ≈5.3% |
| Dec 31, 2025 | $0.27 | USD | ≈5.7% |
| Nov 28, 2025 | $0.27 | USD | ≈5.6% |
| Oct 31, 2025 | $0.27 | USD | ≈5.5% |
| Oct 1, 2025 | $0.27 | USD | ≈5.3% |
| Sep 2, 2025 | $0.27 | USD | ≈5.5% |
| Aug 1, 2025 | $0.27 | USD | ≈5.6% |
| Jul 1, 2025 | $0.27 | USD | ≈5.5% |
| Jun 2, 2025 | $0.27 | USD | ≈5.6% |
| May 1, 2025 | $0.27 | USD | ≈5.6% |
| Apr 1, 2025 | $0.27 | USD | ≈5.5% |
| Mar 3, 2025 | $0.27 | USD | ≈5.5% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-19.4%
Next Report
Nov 02, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 4, 2026 | $0.37 | $0.42 | -11.0% |
| March 31, 2026 | $0.33 | $0.41 | -19.8% | |
| Dec. 31, 2025 | $0.32 | $0.40 | -19.9% | |
| Sept. 30, 2025 | $0.35 | $0.36 | -3.8% | |
| June 30, 2025 | $0.22 | $0.36 | -38.8% | |
| March 31, 2025 | $0.28 | $0.37 | -23.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.75B | $5.27B | $4.08B | $3.34B | $2.08B | $1.65B | $1.49B | $1.33B | $1.22B | $1.10B | · | · | |
| SG&A Expense | $203M | $177M | $145M | $138M | $97M | $73M | $66M | $84M | $58M | $52M | $49M | $51M | |
| Operating Expenses | $4.79B | $4.49B | $3.19B | $2.54B | $1.66B | $1.31B | $1.08B | · | · | · | · | · | |
| Interest Expense | · | · | $730M | $465M | $324M | $309M | $291M | $266M | $247M | $220M | $233M | $216M | |
| Other Non-op | $29M | $24M | $24M | $31M | $10M | $5M | $3M | · | · | · | · | · | |
| Pretax Income | $1.16B | $934M | $929M | $918M | $392M | $411M | $444M | · | · | · | · | · | |
| Income Tax | $85M | $67M | $52M | $45M | $32M | $15M | $6M | $5M | $6M | $3M | $3M | $3M | |
| Net Income | $1.06B | $861M | $872M | $869M | $359M | $395M | $436M | $364M | $319M | $316M | $284M | $271M | |
| EPS (Basic) | $1.17 | $0.98 | $1.26 | $1.42 | $0.87 | $1.15 | $1.38 | $1.26 | · | · | · | · | |
| EPS (Diluted) | $1.17 | $0.98 | $1.26 | $1.42 | $0.87 | $1.14 | $1.38 | $1.26 | · | · | · | · | |
| Shares (Basic) | 907,169,000 | 862,959,000 | 692,298,000 | 611,766,000 | 414,535,000 | 345,280,126 | 315,837,012 | 289,427,430 | 273,465,680 | 255,066,500 | 235,767,932 | 218,390,885 | |
| Shares (Diluted) | 908,334,000 | 863,792,000 | 693,024,000 | 612,181,000 | 414,770,000 | 345,415,258 | 316,159,277 | 289,923,984 | 273,936,752 | 255,624,250 | 236,208,390 | 218,767,885 | |
| EBITDA | $2.52B | $2.40B | $1.90B | $1.67B | $898M | $677M | $594M | $540M | $499M | $450M | $409M | $375M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $435M | $445M | $233M | $171M | $259M | $824M | $54M | $10M | $7M | $9M | · | · | |
| Short-term Investments | · | · | · | · | · | · | $0 | · | · | · | · | · | |
| Goodwill | $4.93B | $4.93B | $3.73B | $3.73B | $3.68B | $14M | $14M | $15M | $15M | $15M | $15M | $15M | |
| Intangibles | $5.72B | $6.32B | $5.02B | $5.17B | $5.28B | $1.71B | $1.49B | $1.20B | $1.19B | $1.08B | $1.03B | $1.04B | |
| Total Assets | $72.80B | $68.84B | $57.78B | $49.67B | $43.14B | $20.74B | $18.55B | $15.26B | $14.06B | $13.15B | $11.85B | $11.01B | |
| Short-term Debt | $517M | $67M | $764M | $702M | $901M | $0 | · | · | · | · | · | · | |
| Total Liabilities | $32.67B | $29.78B | $24.67B | $20.83B | $18.01B | $9.72B | $8.75B | $7.14B | $6.67B | $6.37B | $5.29B | $5.37B | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | $3.98B | $3.65B | $3.80B | |
| Total Debt | $517M | $67M | $764M | $702M | $901M | $0 | · | · | · | · | · | · | |
| AOCI | $105M | $38M | $74M | $47M | $5M | $-55M | $-17M | $-8M | $0 | · | · | · | |
| Stockholders' Equity | $39.44B | $38.84B | $32.94B | $28.71B | $25.05B | $10.99B | $9.77B | $8.09B | $7.37B | $6.77B | $6.53B | $5.61B | |
| Liabilities + Equity | $72.80B | $68.84B | $57.78B | $49.67B | $43.14B | $20.74B | $18.55B | $15.26B | $14.06B | $13.15B | $11.85B | $11.01B | |
| Shares Outstanding | 933,975,000 | 891,511,000 | 752,460,000 | 660,300,000 | 591,262,000 | 361,303,445 | 333,619,106 | 303,742,090 | 284,213,685 | 260,168,259 | 250,416,757 | 224,881,192 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2.52B | $2.40B | $1.90B | $1.67B | $898M | $677M | $594M | $540M | $499M | $450M | $409M | $375M | |
| Stock-based Comp | $31M | $57M | $26M | $22M | $42M | $17M | $14M | $27M | $14M | $12M | $10M | $12M | |
| Deferred Tax | $603.0K | $4M | $4.0K | · | · | · | · | · | · | · | · | · | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | $94M | $88M | $84M | |
| Other Non-cash | $381M | $259M | $165M | $2M | $23M | $27M | $25M | $10M | $44M | $27M | $-11M | $-30M | |
| Operating Cash Flow | $3.99B | $3.57B | $2.96B | $2.56B | $1.32B | $1.12B | $1.07B | $941M | $876M | $800M | $694M | $628M | |
| Investing Cash Flow | $-5.66B | $-3.34B | $-9.35B | $-8.39B | $-6.44B | $-2.03B | $-3.50B | $-1.64B | $-1.25B | $-1.70B | $-1.21B | $-1.17B | |
| Stock Issued | $2.36B | $1.74B | $5.44B | $4.56B | $4.44B | $1.82B | $845M | $0 | $705M | $384M | $794M | $529M | |
| Net Stock Activity | $2.36B | $1.74B | $5.44B | $4.56B | $1.26B | $729M | $845M | $0 | $705M | $384M | $794M | $529M | |
| Dividends Paid | $2.92B | $2.69B | $2.11B | $1.81B | $1.17B | $964M | $852M | $762M | $689M | $611M | $533M | $479M | |
| Financing Cash Flow | $1.68B | $-21M | $6.44B | $5.74B | $4.58B | $1.69B | $2.49B | $708M | $375M | $866M | $523M | $541M | |
| Net Change in Cash | $25M | $203M | $65M | $-105M | $-518M | $780M | $50M | $9M | $-4M | $-35M | $4M | $-6M | |
| Taxes Paid | $50M | $32M | $12M | · | · | · | · | · | · | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 18.4% | 16.3% | 21.4% | 26.0% | 17.3% | 23.9% | 29.3% | 27.4% | · | · | · | · | |
| Pretax Margin | 20.1% | 17.7% | 22.8% | 27.4% | 18.9% | · | · | · | · | · | · | · | |
| EBITDA Margin | 43.9% | 45.5% | 46.5% | 50.0% | 43.2% | 41.0% | 39.8% | 40.6% | · | · | · | · | |
| ROA | 1.5% | 1.4% | 1.6% | 1.9% | 1.1% | 2.0% | 2.6% | 2.5% | 2.3% | 2.5% | 2.5% | 2.6% | |
| ROE | 2.7% | 2.4% | 2.8% | 3.2% | 2.0% | 3.8% | 4.9% | 4.7% | 4.5% | 4.8% | 4.7% | 4.9% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | · | · | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | · | · | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $42.23 | $43.57 | $43.78 | $43.48 | $42.37 | $30.41 | $29.30 | $26.63 | $25.94 | $26.01 | $26.08 | $24.96 | |
| Revenue / Share | $6.33 | $6.10 | $5.89 | $5.46 | $5.02 | $4.78 | $4.72 | $4.58 | · | · | · | · | |
| Cash Flow / Share | $4.40 | $4.14 | $4.27 | $4.19 | $3.19 | $3.23 | $3.38 | $3.24 | $3.20 | $3.15 | $2.93 | $2.87 | |
| Cash / Share | $0.47 | $0.50 | $0.31 | $0.26 | $0.44 | $2.28 | $0.16 | $0.03 | $0.02 | · | · | · | |
| Dividend Paid / Share | $3.22 | $3.13 | $3.05 | $2.97 | $2.83 | $2.79 | $2.71 | $2.63 | $2.53 | $2.39 | $2.27 | $2.19 | |
| EPS (TTM) | $1.17 | $0.98 | $1.26 | $1.42 | $0.87 | $1.14 | $1.38 | $1.26 | · | · | · | $0.90 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 9.1% | 29.2% | 22.0% | 60.7% | 26.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 19.8% | 36.3% | 35.3% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 28.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 19.4% | -22.2% | -11.3% | 63.2% | -23.7% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -6.2% | 4.0% | 3.4% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 0.52% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 23.0% | -1.3% | 0.33% | 141.9% | -9.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 6.8% | 33.8% | 30.2% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 21.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 24.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.75B | $5.27B | $4.08B | $3.34B | $2.08B | $1.65B | $1.49B | $1.33B | $1.22B | $1.10B | $422M | $422M | |
| Net Income TTM | $1.06B | $861M | $872M | $869M | $359M | $395M | $436M | $364M | $319M | $316M | $284M | $271M | |
| Market Cap | $52.65B | $47.62B | $43.21B | $41.88B | $42.33B | $21.77B | $23.80B | $18.55B | $15.70B | $14.49B | $12.53B | $10.40B | |
| Enterprise Value | $52.73B | $47.24B | $43.74B | $42.41B | $42.97B | $20.94B | · | · | · | · | · | · | |
| P/E | 48.2 | 54.5 | 45.6 | 44.7 | 82.3 | 52.8 | 51.7 | 48.5 | · | · | · | 51.4 | |
| P/S | 9.2 | 9.0 | 10.6 | 12.5 | 20.3 | 13.2 | 16.0 | 14.0 | 12.9 | 13.1 | 29.7 | 24.6 | |
| P/B | 1.3 | 1.2 | 1.3 | 1.5 | 1.7 | 2.0 | 2.4 | 2.3 | 2.1 | 2.1 | 1.9 | 1.9 | |
| P / Tangible Book | 1.8 | 1.7 | 1.8 | 2.1 | 2.6 | 2.4 | · | · | · | · | · | · | |
| P / Cash Flow | 13.2 | 13.3 | 14.6 | 16.3 | 32.0 | 19.5 | 22.3 | 19.7 | 17.9 | 18.0 | 18.1 | 16.6 | |
| EV / EBITDA | 20.9 | 19.7 | 23.1 | 25.4 | 47.9 | 30.9 | · | · | · | · | · | · | |
| EV / Revenue | 9.2 | 9.0 | 10.7 | 12.7 | 20.7 | 12.7 | · | · | · | · | · | · | |
| Dividend Yield | 5.5% | 5.7% | 4.9% | 4.3% | 2.8% | 4.4% | 3.6% | 4.1% | 4.4% | 4.2% | 4.3% | 4.6% | |
| Earnings Yield | 2.1% | 1.8% | 2.2% | 2.2% | 1.2% | 1.9% | 1.9% | 2.1% | · | · | · | 1.9% | |
| Payout Ratio | 275.9% | 312.7% | 242.1% | 208.6% | 325.2% | 243.8% | 195.2% | 209.4% | 216.2% | 193.5% | 187.9% | 177.1% | |
| Annual Payout | $2.92B | $2.69B | $2.11B | $1.81B | $1.17B | $964M | $852M | $762M | $689M | $611M | $533M | $479M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.55B | $1.49B | $1.47B | $1.41B | $1.38B | $1.34B | $1.33B | $1.34B | $1.26B | $1.08B | $1.04B | $1.02B | $944M | $889M | $837M | |
| SG&A Expense | $58M | $59M | $54M | $55M | $49M | $44M | $49M | $42M | $45M | $41M | $38M | $36M | $37M | $34M | $38M | $34M | |
| Operating Expenses | $1.19B | $1.24B | $1.22B | $1.19B | $1.23B | $1.14B | $1.15B | $1.10B | $1.10B | $1.14B | $841M | $806M | $818M | $724M | $686M | $629M | |
| Interest Expense | · | · | · | · | · | · | · | $261M | $247M | $241M | · | $184M | $184M | $154M | · | $117M | |
| Interest Income | $32M | $32M | · | · | $32M | $33M | · | · | · | · | · | · | · | · | · | · | |
| Other Non-op | $7M | $15M | $5M | $10M | $7M | $7M | $7M | $5M | $6M | $5M | $11M | $7M | $3M | $3M | $24M | $2M | |
| Pretax Income | $396M | $347M | $323M | $341M | $223M | $267M | $221M | $286M | $277M | $149M | $236M | $245M | $210M | $238M | $238M | $230M | |
| Income Tax | $26M | $26M | $22M | $24M | $24M | $16M | $20M | $15M | $16M | $16M | $16M | $11M | $13M | $12M | $9M | $10M | |
| Net Income | $371M | $321M | $296M | $316M | $199M | $251M | $200M | $269M | $259M | $132M | $218M | $233M | $195M | $225M | $227M | $220M | |
| EPS (Basic) | $0.37 | $0.33 | $0.32 | $0.35 | $0.22 | $0.28 | $0.22 | $0.30 | $0.30 | $0.16 | $0.30 | $0.33 | $0.29 | $0.34 | $0.35 | $0.36 | |
| EPS (Diluted) | $0.37 | $0.33 | $0.32 | $0.35 | $0.22 | $0.28 | $0.23 | $0.30 | $0.29 | $0.16 | $0.30 | $0.33 | $0.29 | $0.34 | $0.35 | $0.36 | |
| Shares (Basic) | 932,307,000 | 931,977,000 | · | 913,949,000 | 902,966,000 | 891,666,000 | · | 870,665,000 | 870,319,000 | 834,940,000 | · | 709,165,000 | 674,109,000 | 660,462,000 | · | 617,512,000 | |
| Shares (Diluted) | 934,662,000 | 934,446,000 | · | 915,187,000 | 903,716,000 | 892,351,000 | · | 872,052,000 | 870,725,000 | 835,242,000 | · | 709,543,000 | 674,593,000 | 661,239,000 | · | 617,957,000 | |
| EBITDA | $645M | $630M | · | $632M | $648M | $609M | · | $602M | $606M | $581M | · | $496M | $472M | $451M | · | $419M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $553M | $374M | $435M | $417M | $800M | $319M | $445M | $397M | $443M | $680M | · | $344M | $254M | $165M | · | $188M | |
| Goodwill | $4.93B | $4.93B | $4.93B | $4.93B | $4.93B | $4.93B | $4.93B | $4.93B | $4.93B | $4.99B | · | $3.73B | $3.73B | $3.73B | · | $3.73B | |
| Intangibles | $5.62B | $5.65B | $5.72B | $5.86B | $6.03B | $6.22B | $6.32B | $6.60B | $6.73B | $7.04B | · | $5.09B | $5.24B | $5.26B | · | $5.06B | |
| Total Assets | $76.44B | $74.55B | $72.80B | $71.28B | $71.42B | $69.76B | $68.84B | $68.47B | $68.06B | $68.33B | · | $55.34B | $53.98B | $51.10B | · | $45.89B | |
| Short-term Debt | $1.40B | $415M | $517M | $469M | $99M | $413M | $67M | $0 | $302M | $216M | · | $377M | $123M | $158M | · | $724M | |
| Total Liabilities | $34.51B | $33.32B | $32.67B | $32.02B | $32.06B | $30.52B | $29.78B | $29.80B | $29.15B | $29.01B | · | $23.51B | $22.67B | $21.71B | · | $19.03B | |
| Total Debt | $1.40B | $415M | · | $469M | $99M | $413M | · | $0 | $302M | $216M | · | $377M | $123M | $158M | · | $724M | |
| AOCI | $95M | $137M | $105M | $92M | $96M | $73M | $38M | $103M | $75M | $65M | · | $42M | $96M | $73M | · | $-25M | |
| Stockholders' Equity | $39.55B | $39.15B | $39.44B | $39.05B | $39.15B | $39.03B | $38.84B | $38.46B | $38.58B | $38.99B | · | $31.66B | $31.14B | $29.26B | · | $26.74B | |
| Liabilities + Equity | $76.44B | $74.55B | $72.80B | $71.28B | $71.42B | $69.76B | $68.84B | $68.47B | $68.06B | $68.33B | · | $55.34B | $53.98B | $51.10B | · | $45.89B | |
| Shares Outstanding | 946,202,000 | 932,474,000 | 933,975,000 | 919,893,000 | 914,285,000 | 903,062,000 | 891,511,000 | 875,197,000 | 870,848,000 | 870,756,000 | 752,460,000 | 723,894,000 | 708,773,000 | 673,206,775 | 660,300,000 | 627,145,827 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $645M | $630M | $635M | $632M | $648M | $609M | $607M | $602M | $606M | $581M | $476M | $496M | $472M | $451M | $438M | $419M | |
| Stock-based Comp | $9M | $11M | $9M | $8M | $8M | $6M | $10M | $6M | $7M | $34M | $6M | $6M | $8M | $6M | $5M | $5M | |
| Other Non-cash | · | $-88M | · | · | · | $-77M | · | · | · | $31M | · | · | · | $48M | · | · | |
| Operating Cash Flow | $1.15B | $875M | $1.20B | $943M | $1.06B | $788M | $972M | $841M | $981M | $779M | $761M | $732M | $735M | $731M | $630M | $677M | |
| Investing Cash Flow | $-2.45B | $-2.58B | $-2.11B | $-1.08B | $-1.16B | $-1.31B | $-1.77B | $-537M | $-645M | $-389M | $-2.72B | $-1.99B | $-2.97B | $-1.68B | $-3.86B | $-1.61B | |
| Stock Issued | $824M | $-218.0K | $802M | $315M | $622M | $625M | $933M | $267M | $-255.0K | $544M | $1.59B | $873M | $2.18B | $796M | $2.15B | $691M | |
| Stock Repurchased | $6.0K | $102M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | $-102M | · | · | · | $625M | · | · | · | $544M | · | · | · | $796M | · | · | |
| Dividends Paid | $757M | $758M | $744M | $738M | $727M | $712M | $692M | $687M | $676M | $636M | $556M | $543M | $515M | $497M | $471M | $459M | |
| Financing Cash Flow | $1.40B | $1.71B | $989M | $-256M | $571M | $375M | $865M | $-342M | $-561M | $17M | $1.80B | $1.39B | $2.30B | $950M | $3.10B | $1.00B | |
| Net Change in Cash | $91M | $3M | $78M | $-399M | $491M | $-145M | $48M | $-25M | $-224M | $405M | $-138M | $116M | $71M | $17M | $-62M | $15M | |
| Taxes Paid | $-12M | $70M | · | · | $5M | $55M | · | · | · | · | · | · | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 23.9% | 20.7% | · | 21.5% | 14.0% | 18.1% | · | 20.2% | 19.4% | 10.5% | · | 22.5% | 19.2% | 23.8% | · | 26.2% | |
| Pretax Margin | 25.6% | 22.4% | · | 23.2% | 15.8% | 19.4% | · | 21.5% | 20.6% | 11.8% | · | 23.6% | 20.6% | 25.2% | · | 27.5% | |
| EBITDA Margin | 41.6% | 40.7% | · | 43.0% | 45.9% | 44.1% | · | 45.3% | 45.2% | 46.1% | · | 47.7% | 46.3% | 47.8% | · | 50.0% | |
| ROA | 0.50% | 0.44% | · | 0.45% | 0.28% | 0.36% | · | 0.44% | 0.43% | 0.22% | · | 0.46% | 0.40% | 0.47% | · | 0.63% | |
| ROE | 0.94% | 0.82% | · | 0.81% | 0.51% | 0.64% | · | 0.77% | 0.74% | 0.39% | · | 0.80% | 0.68% | 0.82% | · | 1.1% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $41.80 | $41.98 | · | $42.45 | $42.82 | $43.22 | · | $43.94 | $44.30 | $44.77 | · | $43.73 | $43.94 | $43.46 | · | $42.63 | |
| Revenue / Share | $1.66 | $1.66 | · | $1.61 | $1.56 | $1.55 | · | $1.53 | $1.54 | $1.51 | · | $1.46 | $1.51 | $1.43 | · | $1.35 | |
| Cash Flow / Share | · | $0.94 | · | · | · | $0.88 | · | · | · | $0.93 | · | · | · | $1.11 | · | · | |
| Cash / Share | $0.58 | $0.40 | · | $0.45 | $0.88 | $0.35 | · | $0.45 | $0.51 | $0.78 | · | $0.48 | $0.36 | $0.24 | · | $0.30 | |
| Dividend Paid / Share | $0.81 | $0.81 | $0.81 | $0.81 | $0.81 | $0.80 | $0.79 | $0.79 | $0.78 | $0.77 | $0.77 | $0.77 | $0.77 | $0.75 | $0.74 | $0.74 | |
| EPS (TTM) | $1.37 | $1.22 | · | $1.08 | $1.03 | $1.10 | · | $1.05 | $1.08 | $1.08 | · | $1.31 | $1.34 | $1.42 | · | $1.01 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $6.05B | $5.92B | · | $5.60B | $5.46B | $5.39B | · | $5.01B | $4.72B | $4.40B | · | $3.89B | $3.69B | $3.48B | · | $3.14B | |
| Net Income TTM | $1.30B | $1.13B | · | $966M | $920M | $980M | · | $880M | $844M | $780M | · | $881M | $867M | $895M | · | $646M | |
| Market Cap | $58.63B | $57.05B | · | $55.92B | $52.67B | $52.39B | · | $55.50B | $46.00B | $47.11B | · | $36.15B | $42.38B | $42.63B | · | $36.50B | |
| Enterprise Value | $59.47B | $57.09B | · | $55.97B | $51.97B | $52.48B | · | $55.11B | $45.86B | $46.64B | · | $36.18B | $42.25B | $42.62B | · | $37.04B | |
| P/E | 45.2 | 50.1 | · | 56.3 | 55.9 | 52.7 | · | 60.4 | 48.9 | 50.1 | · | 38.1 | 44.6 | 44.6 | · | 57.6 | |
| P/S | 9.7 | 9.6 | · | 10.0 | 9.6 | 9.7 | · | 11.1 | 9.8 | 10.7 | · | 9.3 | 11.5 | 12.2 | · | 11.6 | |
| P/B | 1.5 | 1.5 | · | 1.4 | 1.3 | 1.3 | · | 1.4 | 1.2 | 1.2 | · | 1.1 | 1.4 | 1.5 | · | 1.4 | |
| P / Tangible Book | 2.0 | 2.0 | · | 2.0 | 1.9 | 1.9 | · | 2.1 | 1.7 | 1.7 | · | 1.6 | 1.9 | 2.1 | · | 2.0 | |
| P / Cash Flow | · | 65.2 | · | · | · | 66.5 | · | · | · | 60.5 | · | · | · | 58.3 | · | · | |
| EV / Revenue | 9.8 | 9.6 | · | 10.0 | 9.5 | 9.7 | · | 11.0 | 9.7 | 10.6 | · | 9.3 | 11.5 | 12.2 | · | 11.8 | |
| Dividend Yield | 5.1% | 5.2% | · | 5.1% | 5.3% | 5.3% | · | 4.6% | 5.2% | 4.8% | · | 5.6% | 4.6% | 4.4% | · | 4.7% | |
| Earnings Yield | 2.2% | 2.0% | · | 1.8% | 1.8% | 1.9% | · | 1.7% | 2.0% | 2.0% | · | 2.6% | 2.2% | 2.2% | · | 1.7% | |
| Payout Ratio | · | 236.2% | · | · | · | 284.9% | · | · | · | 481.2% | · | · | · | 221.0% | · | · | |
| Annual Payout | $3.00B | $2.97B | · | $2.87B | $2.82B | $2.77B | · | $2.56B | $2.41B | $2.25B | · | $2.03B | $1.94B | $1.87B | · | $1.71B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $5.75B | $5.27B | $4.08B | $3.34B | $2.08B |
| Net Income | $1.06B | $861M | $872M | $869M | $359M |
| Diluted EPS | $1.17 | $0.98 | $1.26 | $1.42 | $0.87 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 1,582 filers · $53.6B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
1,582
Value held
$53.6B
New positions
126
Exited positions
91
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 126 (-80 vs prior Q) | 91 (+6 vs prior Q) | 655 (+31 vs prior Q) | 495 (+35 vs prior Q) | +31.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $8,478,909,717 | 150,415,287 | 15.83% | Shares |
| BlackRock, Inc. | $6,997,219,492 | 112,931,238 | 13.06% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $5,149,855,278 | 83,115,805 | 9.61% | Shares |
| STATE STREET CORP | $4,102,483,786 | 65,929,425 | 7.66% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $3,770,142,638 | 60,848,009 | 7.04% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,958,865,741 | 31,265,152 | 3.66% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,184,550,919 | 19,117,994 | 2.21% | Shares |
| MORGAN STANLEY | $894,734,228 | 14,440,511 | 1.67% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $835,236,944 | 13,479,666 | 1.56% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $809,770,110 | 13,069,240 | 1.51% | Shares |
| NORGES BANK | $804,117,438 | 12,978,009 | 1.50% | Shares |
| RAYMOND JAMES FINANCIAL INC | $747,407,948 | 12,062,748 | 1.40% | Shares |
| GOLDMAN SACHS GROUP INC | $742,564,175 | 11,984,573 | 1.39% | Shares |
| PARNASSUS INVESTMENTS, LLC | $721,231,625 | 11,640,278 | 1.35% | Shares |
| NORTHERN TRUST CORP | $685,827,062 | 11,068,868 | 1.28% | Shares |
| Legal & General Group Plc | $643,333,963 | 10,383,053 | 1.20% | Shares |
| FMR LLC | $595,733,173 | 9,614,803 | 1.11% | Shares |
| APG Asset Management US Inc. | $551,518,537 | 8,921,361 | 1.03% | Shares |
| Invesco Ltd. | $515,171,720 | 8,314,586 | 0.96% | Shares |
| JPMORGAN CHASE & CO | $392,231,274 | 6,221,941 | 0.73% | Shares |
| Bank of New York Mellon Corp | $340,179,755 | 5,490,313 | 0.63% | Shares |
| UBS Group AG | $332,244,762 | 5,362,246 | 0.62% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $324,391,146 | 5,235,493 | 0.61% | Shares |
| HSBC HOLDINGS PLC | $319,222,014 | 5,147,719 | 0.60% | Shares |
| WELLS FARGO & COMPANY/MN | $308,744,169 | 4,982,959 | 0.58% | Shares |
| Amundi | $281,050,194 | 4,535,989 | 0.52% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $243,154,956 | 3,924,386 | 0.45% | Shares |
| ROYAL BANK OF CANADA | $212,804,000 | 3,434,537 | 0.40% | Shares |
| DEUTSCHE BANK AG\ | $206,299,476 | 3,329,559 | 0.39% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $194,647,588 | 3,141,504 | 0.36% | Shares |
| Nuveen, LLC | $190,618,389 | 3,076,475 | 0.36% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $179,079,146 | 2,890,238 | 0.33% | Shares |
| ProShare Advisors LLC | $166,181,739 | 2,682,081 | 0.31% | Shares |
| AMERICAN CENTURY COMPANIES INC | $164,049,911 | 2,647,672 | 0.31% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $163,558,414 | 2,639,742 | 0.31% | Shares |
| Swiss National Bank | $162,873,880 | 2,628,694 | 0.30% | Shares |
| LPL Financial LLC | $154,548,431 | 2,494,326 | 0.29% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $152,533,376 | 2,461,804 | 0.28% | Shares |
| Aberdeen Group plc | $131,441,138 | 2,121,387 | 0.25% | Shares |
| CITIGROUP INC | $127,919,432 | 2,064,549 | 0.24% | Shares |
| Vanguard Global Advisers, LLC | $124,586,256 | 2,010,753 | 0.23% | Shares |
| BANK OF MONTREAL /CAN/ | $124,507,090 | 2,009,475 | 0.23% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $119,359,744 | 1,926,400 | 0.22% | Put option |
| ENVESTNET ASSET MANAGEMENT INC | $117,077,344 | 1,889,563 | 0.22% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $111,248,560 | 1,795,490 | 0.21% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $109,663,004 | 1,769,900 | 0.20% | Call option |
| BARCLAYS PLC | $109,416,527 | 1,765,922 | 0.20% | Shares |
| Asset Management One Co., Ltd. | $108,298,756 | 1,770,166 | 0.20% | Shares |
| Daiwa Securities Group Inc. | $107,629,105 | 1,737,074 | 0.20% | Shares |
| California Public Employees Retirement System | $105,558,836 | 1,703,661 | 0.20% | Shares |
Company insiders 45 insiders · 26 officers · 19 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Sumit Roy | President, CEO & Director | Feb. 17, 2026 A | 458,147 | 0 | 0 | $0 |
| John Case | CEO & Director | Aug. 6, 2018 S | 158,961 | 0 | 0 | $0 |
| Jonathan Pong | EVP, CFO & Treasurer | Feb. 17, 2026 A | 43,291 | 0 | 0 | $0 |
| Christie B. Kelly | EVP, CFO & Treasurer | Dec. 31, 2023 F | 28,822 | 0 | 0 | $0 |
| Paul M Meurer | EVP CFO & Treasurer | Jan. 1, 2020 F | 21,344 | 0 | 0 | $0 |
| Gary M Malino | President and COO | Oct. 8, 2014 F | 100,090 | 0 | 0 | $0 |
| Gregory J. Whyte | EVP, Chief Operating Officer | Feb. 17, 2026 A | 34,923 | 0 | 0 | $0 |
| Neale Redington | Senior Vice President and Chief Accounting Officer | June 27, 2026 F | 23,618 | 0 | 0 | $0 |
| Michelle Bushore | Executive Vice President, Chief Legal Officer, General Counsel and Secretary | April 2, 2026 S | 67,641 | 0 | 1 | $-461,908 |
| Shannon Kehle | EVP, Chief People Officer | Feb. 17, 2026 A | 27,683 | 0 | 0 | $0 |
| Mark E Hagan | EVP, Chief Investment Officer | Feb. 17, 2026 A | 109,288 | 0 | 0 | $0 |
| Neil Abraham | President, Realty Income International, Executive Vice President, Chief Strategy Officer | Feb. 17, 2026 A | 103,548 | 0 | 0 | $0 |
| Sean Nugent | Senior Vice President, Controller & Principal Accounting Officer | Feb. 12, 2024 A | 20,691 | 0 | 0 | $0 |
| Benjamin N Fox | EVP, Asset Mgmt & RE Ops | Feb. 17, 2021 F | 16,560 | 0 | 0 | $0 |
| Danthanh Nguyen | SVP, Leasing & Disp. | Nov. 10, 2017 F | 29,940 | 0 | 0 | $0 |
| Joel Tomlinson | SVP, Acquisitions | Nov. 10, 2017 S | 13,167 | 0 | 0 | $0 |
| Robert Israel | SVP Research | March 30, 2017 S | 11,934 | 0 | 0 | $0 |
| Cary Wenthur | SVP, Acquisitions | Feb. 14, 2017 A | 22,764 | 0 | 0 | $0 |
| Richard G Collins | Exec. VP, Portfolio Management | Dec. 31, 2015 F | 37,028 | 0 | 0 | $0 |
| Debra Bonebrake | Senior VP, Indust Dist and Off | Dec. 2, 2015 F | 374 | 0 | 0 | $0 |
| Laura King | Senior VP, Assistant GC | March 31, 2015 F | 25,448 | 0 | 0 | $0 |
| Greg Fahey | Senior VP, Controller | Jan. 21, 2014 A | 23,336 | 0 | 0 | $0 |
| Thomas A Lewis | Executive Advisor | Jan. 1, 2014 F | 188,540 | 0 | 0 | $0 |
| Michael K Press | Senior Vice President | June 23, 2009 F | 21,446 | 0 | 0 | $0 |
| Kim S Kundrak | Senior Vice President | Sept. 19, 2008 S | 84,200 | 0 | 0 | $0 |
| Mark G Selman | Senior Vice President | Jan. 1, 2005 A | 54,480 | 0 | 0 | $0 |
| Gregory Mclaughlin | Director | Sept. 10, 2026 S | 34,732 | 0 | 2 | $-411,645 |
| Kimberly Hourihan | Director | May 21, 2026 A | 6,613 | 0 | 0 | $0 |
| Priscilla Almodovar | Director | May 21, 2026 A | 25,179 | 0 | 0 | $0 |
| Reginald Harold Gilyard | Director | May 21, 2026 A | 10,847 | 0 | 0 | $0 |
| Mary Hogan Preusse | Director | May 21, 2026 A | 22,425 | 0 | 0 | $0 |
| Larry A. Chapman | Director | May 21, 2026 A | 12,103 | 0 | 0 | $0 |
| Priya Cherian Huskins | Director | May 21, 2026 A | 54,246 | 0 | 0 | $0 |
| Michael D Mckee | Director | May 21, 2026 A | 144,046 | 0 | 0 | $0 |
| Jacqueline Valerie Brady | Director | May 30, 2024 A | 16,280 | 0 | 0 | $0 |
| Ronald Merriman | Director | May 23, 2023 A | 30,075 | 0 | 0 | $0 |
| Kathleen Allen | Director | May 18, 2021 A | 90,000 | 0 | 0 | $0 |
| Stephen E Sterrett | Director | May 18, 2018 A | 20,000 | 0 | 0 | $0 |
| Donald R Cameron | Director | Feb. 27, 2012 S | 0 | 0 | 0 | $0 |
| Roger P Kuppinger | Director | May 12, 2009 F | 0 | 0 | 0 | $0 |
| Willard H Smith JR | Director | May 12, 2009 J | 0 | 0 | 0 | $0 |
| William E Clark | Director | Feb. 10, 2009 J | 0 | 0 | 0 | $0 |
| Jeff A Jacobson | · | May 21, 2026 A | 14,846 | 0 | 0 | $0 |
| Gerardo I Lopez | · | May 21, 2026 A | 34,846 | 0 | 0 | $0 |
| Michael R Pfeiffer | · | June 30, 2021 F | 42,415 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 139 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SRHR · Elevation Series Trust | 6.69% | 57,000 NS | July 31, 2026 | N-PORT |
| ERET · iShares Trust | 4.83% | 10,909 SH | Sept. 11, 2026 | Daily |
| ICF · iShares Trust | 4.48% | 1,484,684 SH | Sept. 11, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 4.45% | 1,241,692 NS | July 31, 2026 | N-PORT |
| IYR · iShares Trust | 4.19% | 2,876,459 SH | Sept. 11, 2026 | Daily |
| USRT · iShares Trust | 4.14% | 3,072,964 SH | Sept. 11, 2026 | Daily |
| RNTY · Tidal Trust II | 4.06% | 5,558 NS | July 31, 2026 | N-PORT |
| FREL · FIDELITY COVINGTON TRUST | 3.63% | 848,235 NS | July 31, 2026 | N-PORT |
| DRN · Direxion Shares ETF Trust | 3.23% | 22,751 NS | July 31, 2026 | N-PORT |
| RSPR · Invesco Exchange-Traded Fund Trust | 3.17% | 48,378 | Oct. 2, 2026 | Daily |
| FPRO · FIDELITY COVINGTON TRUST | 3.13% | 8,088 NS | July 31, 2026 | N-PORT |
| REET · iShares Trust | 3.13% | 2,544,153 SH | Sept. 11, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 3.04% | 35,220,579 SH | Aug. 19, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 2.92% | 1,763,842 NS | July 31, 2026 | N-PORT |
| CCOR · Listed Funds Trust | 2.81% | 12,297 NS | July 31, 2026 | N-PORT |
| SPHD · Invesco Exchange-Traded Fund Trust … | 2.14% | 1,258,915 | Oct. 2, 2026 | Daily |
| HUSV · First Trust Exchange-Traded Fund III | 2.05% | 23,691 NS | July 31, 2026 | N-PORT |
| PABU · iShares Trust | 1.70% | 712,337 SH | Sept. 11, 2026 | Daily |
| BMVP · Invesco Exchange-Traded Fund Trust | 1.54% | 28,590 | Oct. 2, 2026 | Daily |
| BDIV · ETF Series Solutions | 1.37% | 1,431 NS | July 31, 2026 | N-PORT |
| KNG · First Trust Exchange-Traded Fund IV | 1.35% | 746,778 NS | July 31, 2026 | N-PORT |
| VOT · VANGUARD INDEX FUNDS | 1.27% | 7,144,323 SH | Aug. 19, 2026 | Daily |
| VRAI · ETFis Series Trust I | 1.12% | 3,259 NS | July 31, 2026 | N-PORT |
| SPLV · Invesco Exchange-Traded Fund Trust … | 1.12% | 1,436,751 | Oct. 2, 2026 | Daily |
| PWS · Pacer Funds Trust | 1.00% | 3,750 NS | July 31, 2026 | N-PORT |
| VFMV · VANGUARD WELLINGTON FUND | 0.92% | 61,961 SH | Aug. 19, 2026 | Daily |
| FDVV · FIDELITY COVINGTON TRUST | 0.85% | 1,351,798 NS | July 31, 2026 | N-PORT |
| OEI · Listed Funds Trust | 0.85% | 6,132 NS | July 31, 2026 | N-PORT |
| DYNF · BlackRock ETF Trust | 0.75% | 5,203,993 SH | Sept. 11, 2026 | Daily |
| LQAI · Exchange Listed Funds Trust | 0.69% | 240 NS | July 31, 2026 | N-PORT |
| USMV · iShares Trust | 0.64% | 2,556,685 SH | Sept. 11, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.56% | 20,208,028 SH | Aug. 19, 2026 | Daily |
| SPVM · Invesco Exchange-Traded Fund Trust | 0.55% | 13,472 | Oct. 2, 2026 | Daily |
| IWS · iShares Trust | 0.55% | 1,394,335 SH | Sept. 11, 2026 | Daily |
| IMCV · iShares Trust | 0.51% | 98,869 SH | Sept. 11, 2026 | Daily |
| GQRE · FlexShares Trust | 0.49% | 32,630 NS | July 31, 2026 | N-PORT |
| HDUS · Lattice Strategies Trust | 0.47% | 15,060 NS | July 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.42% | 165,106 NS | July 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.41% | 3,825,377 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.38% | 105,981 SH | Sept. 11, 2026 | Daily |
| BSCQ · Invesco Exchange-Traded Self-Indexe… | 0.33% | 10,501,000 | Oct. 2, 2026 | Daily |
| XOEF · iShares Trust | 0.31% | 1,176 SH | Sept. 11, 2026 | Daily |
| VLUE · iShares Trust | 0.30% | 483,062 SH | Sept. 11, 2026 | Daily |
| ROUS · Lattice Strategies Trust | 0.29% | 31,879 NS | July 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.28% | 20,487 NS | July 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.27% | 19,627 NS | July 31, 2026 | N-PORT |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.27% | 12,551,000 | Oct. 2, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.26% | 9,298,000 | Oct. 2, 2026 | Daily |
| IMCG · iShares Trust | 0.24% | 164,168 SH | Sept. 11, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.24% | 7,335,000 | Oct. 2, 2026 | Daily |
| USXF · iShares Trust | 0.22% | 55,373 SH | Sept. 11, 2026 | Daily |
| FDRR · FIDELITY COVINGTON TRUST | 0.22% | 25,036 NS | July 31, 2026 | N-PORT |
| FVAL · FIDELITY COVINGTON TRUST | 0.21% | 43,795 NS | July 31, 2026 | N-PORT |
| FDLO · FIDELITY COVINGTON TRUST | 0.21% | 46,772 NS | July 31, 2026 | N-PORT |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.20% | 214,685 SH | Aug. 19, 2026 | Daily |
| VEGN · ETF Series Solutions | 0.20% | 5,519 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.19% | 61,983 SH | Sept. 11, 2026 | Daily |
| IVE · iShares Trust | 0.19% | 1,547,235 SH | Sept. 11, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.19% | 26,561 | Oct. 2, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.18% | 3,246,998 | Oct. 2, 2026 | Daily |
| FQAL · FIDELITY COVINGTON TRUST | 0.18% | 40,146 NS | July 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.18% | 12,763 SH | Sept. 11, 2026 | Daily |
| FDMO · FIDELITY COVINGTON TRUST | 0.18% | 25,166 NS | July 31, 2026 | N-PORT |
| IUSV · iShares Trust | 0.18% | 818,005 SH | Sept. 11, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.17% | 230,000 | Oct. 1, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.16% | 563,508 SH | Aug. 19, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.16% | 4,479,000 | Oct. 2, 2026 | Daily |
| DIVB · iShares Trust | 0.15% | 52,144 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.15% | 2,075,002 SH | Sept. 11, 2026 | Daily |
| GLBL · Pacer Funds Trust | 0.14% | 25 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.14% | 20,595 | Oct. 2, 2026 | Daily |
| EGLE · Global X Funds | 0.14% | 47 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.13% | 39,032 | Oct. 2, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.11% | 4,429,236 SH | Aug. 19, 2026 | Daily |
| ILCV · iShares Trust | 0.11% | 23,597 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.10% | 49,356 SH | Sept. 11, 2026 | Daily |
| TOPC · iShares Trust | 0.10% | 557 SH | Sept. 11, 2026 | Daily |
| CATH · Global X Funds | 0.10% | 20,549 NS | July 31, 2026 | N-PORT |
| VUG · VANGUARD INDEX FUNDS | 0.10% | 5,942,378 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.10% | 211,065 SH | Aug. 19, 2026 | Daily |
| CHRI · Global X Funds | 0.10% | 125 NS | July 31, 2026 | N-PORT |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 737 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.10% | 753 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.10% | 963 NS | July 31, 2026 | N-PORT |
| XVV · iShares Trust | 0.09% | 10,698 SH | Sept. 11, 2026 | Daily |
| BKLC · BNY Mellon ETF Trust | 0.09% | 79,115 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.09% | 46,817 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.09% | 69 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.09% | 46,540 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.09% | 24,227,860 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.09% | 1,089,117 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.09% | 3,787 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.09% | 50 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 124,507 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.09% | 15,273 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.09% | 160,963 | Oct. 2, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.09% | 78 NS | July 31, 2026 | N-PORT |
| SPUU · Direxion Shares ETF Trust | 0.09% | 3,519 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.08% | 11,753,553 SH | Sept. 11, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.08% | 22,441 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.08% | 17,493 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.08% | 29,604,877 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.08% | 154,294 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.08% | 78,566 SH | Aug. 19, 2026 | Daily |
| IYY · iShares Trust | 0.08% | 40,016 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.08% | 644,794 SH | Sept. 11, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.08% | 5,629 | Oct. 2, 2026 | Daily |
| IWV · iShares Trust | 0.08% | 258,686 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.08% | 161,585 | Oct. 2, 2026 | Daily |
| ITOT · iShares Trust | 0.08% | 1,214,020 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.07% | 6,487 NS | July 31, 2026 | N-PORT |
| SPXL · Direxion Shares ETF Trust | 0.07% | 72,903 NS | July 31, 2026 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.07% | 26,237 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.06% | 741 | Oct. 2, 2026 | Daily |
| TOK · iShares Trust | 0.06% | 2,511 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.06% | 83,900 SH | Sept. 11, 2026 | Daily |
| CRBN · iShares Trust | 0.06% | 11,841 SH | Sept. 11, 2026 | Daily |
| ILCG · iShares Trust | 0.06% | 29,050 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.05% | 18,644 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.05% | 292,885 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.05% | 760,779 SH | Aug. 19, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.03% | 49,929 | Oct. 2, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.02% | 554 NS | July 31, 2026 | N-PORT |
| GTOS · Invesco Actively Managed Exchange-T… | 0.01% | 11,000 | Sept. 30, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.00% | 61,000 | Sept. 30, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDX · VANGUARD CHARLOTTE FUNDS | · | · | July 15, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
O Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 32 analysts
BUY
Median target
$67.50
+24.7%
4 12.5%
Strong Buy
9 28.1%
Buy
18 56.2%
Hold
1 3.1%
Sell
0 0.0%
Strong Sell
12-Month Price Target
20 analysts · 2026-10-01Mean target $67.26 +24.3%
← Below all targets
Current price $54.13
Low$59.00
Mean$67.26
High$74.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| O | $52.65B | 48.2 | 9.1% | 18.4% | 2.7% | · |
| SPG | · | 13.1 | 6.7% | 84.3% | 131.6% | · |
| KIM | $13.66B | 9.0 | 5.1% | 27.3% | 5.6% | · |
| REG | $12.63B | 47.3 | 6.9% | 34.0% | 7.7% | · |
| FRT | $8.70B | 21.5 | 6.4% | 32.1% | 12.8% | · |
| BRX | $8.03B | 21.0 | 6.7% | 28.2% | 12.9% | · |
| ADC | $8.65B | 40.7 | 16.4% | 28.4% | 3.5% | · |
| NNN | $7.53B | 19.1 | 6.6% | 42.1% | 8.9% | · |
| MAC | $4.74B | -23.7 | 10.4% | -19.4% | -7.6% | · |
| PECO | $4.47B | 40.0 | 9.9% | 15.3% | 4.8% | · |
| KRG | $5.01B | 17.5 | 0.82% | 35.4% | 9.3% | · |
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
No open signal right now — no card is filled, and that's honest.
My Metrics Your personal watchlist — selected rows from Full Fundamentals
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Source: SEC 10-Q filed Aug 6, 2026