Empire State Realty OP (ESBA) Operating Margin (2012 - 2026)

Empire State Realty OP (ESBA) has 15 years of Operating Margin data on file, last reported at 15.48% in Q1 2026.

• Operating Margin for Q1 2026 came in at 15.48%, up 116.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.9% (down 211.0% YoY), and the FY2025 annual result was 17.66%, down 301.0% from the prior year.
• Operating Margin retreated to 15.48% in Q1 2026 per ESBA's latest filing, from 17.77% in the prior quarter.
• Over five years, Operating Margin peaked at 24.24% in Q2 2023 and troughed at 3.69% in Q1 2022.
• A 5-year average of 18.49% and a median of 19.89% in 2025 frame the typical range for Operating Margin.
• On a YoY basis, Operating Margin climbed as much as 1134 bps in 2022 and fell as far as 894 bps in 2022.
• A 5-year view of Operating Margin shows it stood at 21.49% in 2022, then decreased by 2 bps to 21.14% in 2023, then grew by 3 bps to 21.73% in 2024, then dropped by 18 bps to 17.77% in 2025, then dropped by 13 bps to 15.48% in 2026.
• Business Quant data shows ESBA's Operating Margin at 15.48% in Q1 2026, 17.77% in Q4 2025, and 19.89% in Q3 2025.