Explain this page
Arphra AIPlain-English read on Digital Realty Trust, Inc.’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $4.43B | $4.69B | $5.48B | $5.55B | $6.11B | $6.74B | $7.5B | $8.4B | $9.42B |
| Cost of revenue | $1.78B | $2.02B | $2.6B | $2.52B | $2.73B | $3B | $3.4B | $3.87B | $4.22B |
| Gross profit | $2.65B | $2.67B | $2.88B | $3.04B | $3.39B | $3.59B | $4B | $4.65B | $5.01B |
| Gross margin | +59.84% | +57.00% | +52.56% | +54.65% | +55.39% | +53.32% | +53.28% | +55.32% | +53.23% |
| Operating | |||||||||
| Research & development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, general & administrative | $400.65M | $422.17M | $449.06M | $480.02M | $560.55M | $584.29M | $648.89M | $720.9M | $839.8M |
| Total operating expenses | $1.96B | $2.08B | $2.35B | $2.56B | $2.73B | $2.95B | $3.29B | $3.82B | $4.22B |
| Operating income | $694.01M | $589.97M | $524.46M | $471.86M | $658.49M | $658.07M | $739.05M | $795.43M | $917.16M |
| Operating margin | +15.67% | +12.57% | +9.58% | +8.49% | +10.77% | +9.76% | +9.85% | +9.47% | +9.74% |
| EBITDA | $3.6B | $2.29B | $3.16B | $2.87B | $3.59B | $3.81B | $4.17B | $4.66B | $5.36B |
| EBIT | $2.11B | $711.01M | $1.46B | $1.1B | $1.69B | $1.62B | $1.89B | $2.1B | $2.36B |
| Below the line | |||||||||
| Interest expense | $293.85M | $299.13M | $437.74M | $452.84M | $437.95M | $532.41M | $581.97M | $658.46M | $729.42M |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other income / expense | $1.13B | -$178.09M | $501.43M | $171.22M | $686.71M | — | — | — | — |
| Pre-tax income | $1.82B | $411.88M | $1.03B | $643.09M | $1.35B | $1.18B | $1.29B | $1.45B | $1.65B |
| Income tax expense | $72.8M | $31.55M | $75.58M | $54.76M | $32.04M | $73.66M | $79.54M | $89.4M | $97.67M |
| Earnings | |||||||||
| Net income | $1.71B | $377.68M | $948.84M | $602.49M | $1.31B | $634.07M | $717.82M | $819.6M | $924.78M |
| Net income · continuing ops | $1.75B | $380.33M | $950.31M | $588.33M | $1.31B | $1.08B | $1.21B | $1.39B | $1.54B |
| Net margin | +38.60% | +8.05% | +17.32% | +10.85% | +21.41% | +9.40% | +9.57% | +9.76% | +9.82% |
| EPS · basic | $5.95 | $1.18 | $3.04 | $1.74 | $3.73 | $2.21 | $2.33 | $2.76 | $3.56 |
| EPS · diluted | $5.94 | $1.11 | $3.00 | $1.61 | $3.58 | $2.09 | $2.25 | $2.68 | $3.45 |
| EPS · low estimate | — | — | — | — | — | $2.06 | $2.13 | $1.56 | $3.28 |
| EPS · high estimate | — | — | — | — | — | $2.11 | $2.35 | $3.76 | $3.60 |
| Shares · basic | 282.47M | 286.33M | 298.6M | 323.34M | 343.49M | 344.57M | 345.55M | 342.92M | 340.08M |
| Shares · diluted | 283.22M | 297.92M | 309.07M | 331.55M | 351.57M | 348.76M | 351.32M | 353.33M | 351.98M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 19 | 19 | 15 | 11 |
| Analysts (EPS) | — | — | — | — | — | 11 | 10 | 10 | 4 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro