Empire State Realty OP, L.P. (ESBA) Operating Margin (2012 - 2026)

Empire State Realty OP (ESBA) has reported Operating Margin for 15 consecutive years, with 70.45% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin fell 8881.0% year-over-year to 70.45% in Q2 2026; TTM through Jun 2026 was 4.4%, a 2382.0% decrease from a year earlier, with the FY2025 full-year figure at 17.66%, down 301.0% from the prior year.
• Operating Margin was 70.45% for Q2 2026 at Empire State Realty OP, down from 15.48% in the prior quarter.
• Over five years, Operating Margin peaked at 24.24% in Q2 2023 and troughed at 70.45% in Q2 2026.
• A 5-year average of 13.54% and a median of 19.62% in 2022 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin soared 1134 bps in 2022 and slumped 8881 bps in 2026, its largest moves.
• Over 5 years, Operating Margin stood at 21.49% in 2022, then retreated by 2 bps to 21.14% in 2023, then climbed by 3 bps to 21.73% in 2024, then slipped by 18 bps to 17.77% in 2025, then slumped by 496 bps to 70.45% in 2026.
• The last three Operating Margin figures came in at 70.45% (Q2 2026), 15.48% (Q1 2026), and 17.77% (Q4 2025), per Business Quant data.