---
title: "Digital Realty: Business Model"
description: "Digital Realty revenue by product line and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/digital-realty/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Digital Realty: Business Model & Revenue Engine

## Direct Answer

Digital Realty reports revenue across 2 product and service lines in its fiscal 2025 Form 10-K. Rental and Other Services is the largest, with $6.0 billion of revenue (98% of the total), followed by Fee Income and Other at $144 million (2%). 52% of revenue came from the United States.

## How Does Digital Realty Make Money?

Rental and Other Services supplies 98% of revenue, so Digital Realty's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Fee Income and Other grew fastest (+98.3%) and Rental and Other Services slowest (+8.9%), so the revenue mix tilts toward Fee Income and Other while that gap lasts.

| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Rental and Other Services | $6.0 billion | $5.5 billion | 97.6% | 8.9% |
| Fee Income and Other | $144 million | $72 million | 2.4% | 98.3% |

![Bar chart of Digital Realty revenue by product line for fiscal 2025: Rental and Other Services 97.6%, Fee Income and Other 2.4%.](https://www.getswoopr.com/images/charts/digital-realty-business-model-segment-mix.webp)
*Digital Realty revenue by product line as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## Where Does Digital Realty's Revenue Come From?

Regions follow the definitions in the filing; most companies assign revenue by customer location.

| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| United States | $3.2 billion | $2.9 billion | 51.8% | 8.8% |
| Outside the United States | $2.9 billion | $2.6 billion | 48.2% | 11.4% |

## What the Segment Figures Do Not Show

The rows above add up to 100% of Digital Realty's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Digital Realty reported in the segment note and revenue disclosures of its Form 10-K filed February 13, 2026 (accession 0001104659-26-015365), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Digital Realty's main products and services?

In its fiscal 2025 Form 10-K, Digital Realty reports revenue for Rental and Other Services and Fee Income and Other.

### Which part of Digital Realty brings in the most revenue?

Rental and Other Services, with $6.0 billion of revenue in fiscal 2025, or 98% of the total.

### How much of Digital Realty's revenue comes from outside the United States?

48% in fiscal 2025, by the geographic breakdown Digital Realty reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.

## References

- [SEC EDGAR: DIGITAL REALTY TRUST, INC. Form 10-K filed February 13, 2026](https://www.sec.gov/Archives/edgar/data/1297996/000110465926015365/dlr-20251231x10k.htm)
- [SEC EDGAR: DIGITAL REALTY TRUST, INC. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1297996&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Digital Realty company dossier](https://www.getswoopr.com/stocks/companies/digital-realty/)
- [Digital Realty financial metrics](https://www.getswoopr.com/stocks/companies/digital-realty/metrics/)
- [Digital Realty financial risk indicators](https://www.getswoopr.com/stocks/companies/digital-realty/risks/)
- [Digital Realty peer comparison](https://www.getswoopr.com/stocks/companies/digital-realty/competitors/)
- [Digital Realty business model and revenue mix](https://www.getswoopr.com/stocks/companies/digital-realty/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).