Income Statement - AGREE REALTY CORP (ADC)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 718.40 | 617.10 | 537.50 | 429.81 | 339.32 | 248.57 | 187.48 | 137.12 | 111.52 | 91.53 | 69.97 | 53.56 | 43.52 | 34.62 | 30.26 | 27.42 | 34.40 | 35.65 | 34.47 | 32.91 |
| Cost of revenue | 88.15 | 74.85 | 66.72 | 52.28 | 41.06 | 31.75 | 23.51 | 17.01 | 12.47 | 8.60 | 6.38 | 4.92 | 3.66 | 3.33 | 3.47 | 3.12 | 3.89 | 2.58 | 13.79 | 13.09 |
| Gross profit | 630.25 | 542.25 | 470.78 | 377.53 | 298.26 | 216.82 | 163.97 | 120.11 | 99.05 | 82.93 | 63.59 | 48.64 | 39.86 | 31.30 | 26.79 | 24.30 | 30.51 | 33.07 | 34.47 | 32.91 |
| Total operating expenses | 289.86 | 240.00 | 216.39 | 159.45 | 107.99 | 83.68 | 49.57 | 47.11 | 36.09 | 31.27 | 23.47 | 20.75 | 14.44 | 11.92 | 11.46 | 15.50 | 9.92 | 11.61 | 13.79 | 13.09 |
| Operating income | 340.40 | 302.24 | 254.39 | 218.09 | 190.27 | 133.13 | 114.40 | 73.01 | 62.96 | 51.66 | 40.11 | 27.89 | 25.42 | 19.37 | 15.33 | 8.81 | 20.59 | 21.46 | 20.68 | 19.82 |
| Non-operating income (net) | -133.67 | -108.11 | -80.93 | -62.19 | -64.99 | -40.07 | -33.09 | -13.69 | -3.94 | -5.71 | -0.35 | -9.12 | -6.47 | -5.13 | -1.60 | -3.46 | -5.11 | -5.98 | 1.04 | -4.63 |
| Income before tax | 206.72 | 194.14 | 173.46 | 155.90 | 125.28 | 93.06 | 81.30 | 59.31 | 59.02 | 45.95 | 39.76 | 18.78 | 18.94 | 14.24 | 13.74 | 5.34 | 15.48 | 15.48 | 21.72 | 15.19 |
| Income tax expense | 1.74 | 4.31 | 2.91 | 2.86 | 2.40 | 1.09 | 0.54 | 0.52 | 4.62 | 6.39 | 1.10 | 8.87 | -0.73 | -3.13 | 9.70 | 6.51 | -9.83 | -13.20 | 5.20 | 5.84 |
| Net income | 204.35 | 189.20 | 169.96 | 152.44 | 122.27 | 91.38 | 80.08 | 58.17 | 58.11 | 45.12 | 39.02 | 18.49 | 19.68 | 18.05 | 9.55 | 15.07 | 17.99 | 15.02 | 15.48 | 13.97 |
Show Quarterly Income Statement
Income Statement - AGREE REALTY CORP (ADC)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 200.81 | 190.49 | 183.22 | 175.53 | 169.16 | 160.73 | 154.33 | 152.58 | 149.45 | 144.17 | 136.81 | 129.90 | 126.62 | 116.53 | 110.07 | 104.88 | 98.34 | 91.41 | 87.54 | 82.55 | 77.83 | 71.42 | 63.81 | 57.54 | 55.81 | 52.14 | 48.08 | 44.92 | 42.35 | 48.74 | 34.05 | 33.17 | 32.33 | 31.53 | 30.39 | 30.39 | 26.56 | 25.30 | 24.16 | 21.84 | 20.22 | 19.15 | 17.85 | 17.22 | 15.74 | 14.32 | 13.76 | 12.90 | 12.58 | 10.78 | 11.27 | 10.60 | 9.93 | 9.32 | 9.19 | 8.63 | 8.39 | 1.32 | 7.73 | 8.52 | 9.21 | 8.14 | 8.81 | 8.76 | 8.98 | 9.70 | 9.11 | 8.87 | 9.06 | 9.07 | 9.03 | 8.79 | 8.77 | 9.18 | 8.45 | 8.38 | 8.46 | 8.35 | 8.11 | 8.17 | 8.27 |
| Cost of revenue | 24.90 | 24.00 | 21.97 | 21.80 | 20.38 | 20.37 | 18.37 | 17.62 | 18.49 | 17.92 | 16.05 | 16.11 | 16.64 | 13.38 | 13.49 | 12.93 | 12.49 | 11.17 | 10.55 | 9.76 | 9.58 | 9.41 | 7.95 | 7.03 | 7.37 | 6.74 | 5.63 | 5.59 | 5.56 | 5.02 | 3.97 | 4.04 | 4.06 | 3.35 | 3.24 | 3.24 | 2.77 | 2.40 | 1.81 | 2.53 | 1.86 | 2.18 | 1.31 | 1.42 | 1.47 | 1.07 | 1.24 | 1.31 | 1.30 | 0.66 | 1.03 | 0.88 | 0.86 | 1.40 | 0.75 | 0.90 | 0.99 | 0.71 | 0.78 | 1.12 | 0.42 | 1.27 | 0.95 | 0.93 | 0.98 | 2.43 | 0.88 | 0.55 | 0.94 | -26.52 | 3.47 | 0.81 | 1.06 | 3.87 | 3.24 | 467.15 | 3.37 | 3.14 | 3.25 | 3.26 | 3.44 |
| Gross profit | 175.90 | 166.49 | 161.25 | 153.73 | 148.78 | 140.37 | 135.96 | 134.95 | 130.96 | 126.25 | 120.76 | 113.80 | 109.97 | 103.16 | 96.58 | 91.95 | 85.85 | 80.24 | 76.99 | 72.79 | 68.25 | 62.00 | 55.86 | 50.51 | 48.44 | 45.40 | 42.45 | 39.33 | 36.79 | 43.72 | 30.08 | 29.13 | 28.27 | 28.18 | 27.14 | 27.14 | 23.79 | 22.90 | 22.36 | 19.31 | 18.37 | 16.97 | 16.54 | 15.80 | 14.28 | 13.25 | 12.52 | 11.60 | 11.27 | 10.11 | 10.24 | 9.72 | 9.07 | 7.91 | 8.44 | 7.74 | 7.39 | 0.61 | 6.94 | 7.40 | 8.79 | 6.87 | 7.86 | 7.82 | 7.99 | 7.27 | 8.23 | 8.32 | 8.12 | 35.59 | 9.03 | 7.98 | 7.71 | 9.18 | 8.45 | -458.77 | 8.46 | 8.35 | 8.11 | 8.17 | 8.27 |
| Total operating expenses | 77.35 | 74.06 | 73.99 | 71.72 | 70.09 | 65.03 | 61.52 | 52.99 | 60.47 | 57.07 | 57.68 | 52.17 | 49.47 | 45.66 | 39.26 | 39.61 | 34.91 | 33.31 | 26.71 | 22.68 | 25.31 | 26.19 | 23.98 | 21.32 | 18.79 | 16.93 | 15.73 | 15.91 | 14.32 | 12.51 | 11.58 | 12.32 | 10.62 | 11.22 | 10.68 | 10.07 | 9.51 | 8.41 | 8.17 | 7.71 | 7.13 | 5.64 | 6.75 | 5.86 | 5.22 | 4.82 | 4.82 | 7.01 | 4.11 | 3.55 | 3.70 | 3.82 | 3.37 | 2.98 | 2.96 | 3.10 | 2.88 | 2.95 | 2.82 | 2.93 | 3.67 | 2.07 | 2.59 | 2.61 | 2.60 | 1.35 | 2.69 | 2.87 | 2.86 | 3.64 | 3.47 | 2.65 | 2.56 | 3.87 | 3.24 | 3.31 | 3.37 | 3.14 | 3.25 | 3.26 | 3.44 |
| Operating income | 98.55 | 92.43 | 87.26 | 82.01 | 78.70 | 75.34 | 74.44 | 81.97 | 70.50 | 69.18 | 63.08 | 61.63 | 60.51 | 57.49 | 57.31 | 52.34 | 50.94 | 47.04 | 50.29 | 50.11 | 42.94 | 35.81 | 31.88 | 29.19 | 29.65 | 28.47 | 26.72 | 23.42 | 22.48 | 20.14 | 18.50 | 16.81 | 17.65 | 17.10 | 16.43 | 16.46 | 14.29 | 14.48 | 14.19 | 11.61 | 11.24 | 11.87 | 9.78 | 9.94 | 9.06 | 8.44 | 7.70 | 4.59 | 7.17 | 7.21 | 6.54 | 5.90 | 5.70 | 5.23 | 5.48 | 4.64 | 4.51 | 7.51 | 3.52 | 4.47 | 5.12 | -2.90 | 5.27 | 5.21 | 5.40 | 5.92 | 5.54 | 5.45 | 5.26 | 5.42 | 5.56 | 5.33 | 5.15 | 5.31 | 5.21 | 5.07 | 5.10 | 5.22 | 4.86 | 4.90 | 4.84 |
| Non-operating income (net) | 0.00 | -35.96 | -34.76 | -32.23 | -30.72 | -28.88 | -28.84 | -26.05 | -24.33 | -22.37 | -20.71 | -19.91 | -17.95 | -15.73 | -17.02 | -15.51 | -13.93 | -13.21 | -13.07 | -27.16 | -11.65 | -11.79 | -10.16 | -3.50 | -8.02 | -5.40 | -5.76 | -4.51 | -4.13 | -6.67 | -2.62 | -3.53 | -0.96 | -0.43 | -4.14 | -4.14 | 0.60 | -1.58 | 0.29 | -0.78 | -3.65 | -3.95 | 5.09 | 0.52 | -2.56 | -2.71 | -2.73 | -1.87 | -1.79 | -1.88 | -1.63 | -1.53 | -1.44 | -1.51 | -1.34 | -1.15 | -1.14 | -0.71 | 1.39 | -1.06 | -1.01 | 17.97 | -1.10 | 4,286.18 | -1.27 | 9.56 | 4,411.66 | 4,234.12 | 4,005.38 | 10.06 | -1.38 | -1.24 | -1.26 | -0.24 | -1.28 | 3,598.08 | -1.18 | -1.18 | -1.16 | -1.14 | -1.15 |
| Income before tax | 98.55 | 56.47 | 52.50 | 49.78 | 47.97 | 46.45 | 45.61 | 55.92 | 46.16 | 46.81 | 42.37 | 41.72 | 42.56 | 41.76 | 40.30 | 36.83 | 37.01 | 33.82 | 37.22 | 22.95 | 31.29 | 24.02 | 21.72 | 25.68 | 21.63 | 23.07 | 20.97 | 18.92 | 18.35 | 13.46 | 15.88 | 13.28 | 16.69 | 16.67 | 12.28 | 12.32 | 14.89 | 12.91 | 14.48 | 10.83 | 7.59 | 7.93 | 14.88 | 10.46 | 6.49 | 5.72 | 4.97 | 2.72 | 5.37 | 5.33 | 4.91 | 4.38 | 4.26 | 3.72 | 4.14 | 3.49 | 3.37 | 6.80 | 4.91 | 3.41 | 4.11 | 15.07 | 4.18 | 4,291.40 | 4.13 | 15.48 | 4,417.20 | 4,239.58 | 4,010.65 | 15.48 | 4.18 | 4.09 | 3.89 | 5.07 | 3.93 | 3,603.15 | 3.92 | 4.04 | 3.70 | 3.77 | 3.68 |
| Income tax expense | -0.50 | 0.26 | 0.23 | 0.43 | 0.83 | 1.08 | 1.08 | 1.00 | 1.15 | 0.71 | 0.71 | 0.71 | 0.78 | 0.72 | 0.72 | 0.70 | 0.72 | 0.52 | 0.39 | 0.49 | 1.01 | 0.26 | 0.31 | 0.26 | 0.26 | 0.33 | 0.18 | 0.20 | -0.17 | 0.13 | 0.13 | 0.13 | 0.05 | -0.50 | 4.26 | -0.18 | -0.41 | -0.51 | -0.08 | 0.95 | 0.13 | -0.61 | 3.25 | 3.13 | 2.59 | -0.16 | 2.55 | 1.94 | -0.01 | 0.58 | 1.75 | 0.12 | -0.81 | 1.67 | 0.30 | -1.14 | -0.83 | 3.69 | 12.44 | -1,335.16 | 0.07 | 18.25 | -1,188.41 | -1,209.14 | 3,834.99 | 12.67 | 0.99 | -1,427.48 | -1,430.61 | 11.19 | 0.33 | 1.56 | 1.57 | 0.65 | 1.59 | -1,463.19 | 1.49 | 1.50 | 1.45 | 1.44 | 1.45 |
| Net income | 62.23 | 56.04 | 52.12 | 49.20 | 47.00 | 45.24 | 44.38 | 54.72 | 44.86 | 45.96 | 41.52 | 40.87 | 41.61 | 40.93 | 39.43 | 35.97 | 36.11 | 33.15 | 36.66 | 22.35 | 30.11 | 23.61 | 21.28 | 25.26 | 21.23 | 22.56 | 20.61 | 18.56 | 18.35 | 13.21 | 15.59 | 15.59 | 16.45 | 16.49 | 12.17 | 14.88 | 14.58 | 12.73 | 14.26 | 10.66 | 7.46 | 7.79 | 14.60 | 10.26 | 6.37 | 5.60 | 4.85 | 2.65 | 5.38 | 5.49 | 4.53 | 4.41 | 5.25 | 4.61 | 3.91 | 4.94 | 4.60 | 3.11 | -1.79 | 3.69 | 4.54 | -3.18 | 4.39 | 4.29 | 9.57 | 4.38 | 4.61 | 4.24 | 4.01 | 3.82 | 3.85 | 3.77 | 3.58 | 4.66 | 3.61 | 3.60 | 3.61 | 3.72 | 3.41 | 3.46 | 3.39 |