Essex Property Trust, Inc. (ESS) Operating Margin (2009 - 2026)
Essex Property Trust (ESS) recorded Operating Margin of 22.36% in Q2 2026, down 37.17 percentage points from 59.53% a year earlier and down 9.65 percentage points from the prior quarter.
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Analysis
Essex Property Trust, Inc. (ESS) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Essex Property Trust's Operating Margin came in at 32.55% as of Jun 30, 2026, down 20.19 percentage points year-over-year; for FY2025, it came in at 47.65%, up 8.03 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +14.79 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 39.62% in FY2024 (+4.62 pp), 35.00% in FY2023 (-2.04 pp), 37.04% in FY2022 (+0.25 pp) and 36.79% in FY2021 (+3.94 pp).
- The Q2 2026 figure is the lowest quarterly Operating Margin since Q2 2014.
- On a year-over-year basis, Operating Margin has declined for three consecutive quarters, with an average year-over-year change of +0.77 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 36.10 percentage points in Q4 2024, against a drop of 37.17 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 32.01% (Q1 2026), 31.72% (Q4 2025) and 44.45% (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.36% |
| Mar 31, 2026 | 32.01% |
| Dec 31, 2025 | 31.72% |
| Sep 30, 2025 | 44.45% |
| Jun 30, 2025 | 59.53% |
| Mar 31, 2025 | 55.34% |
| Dec 31, 2024 | 67.00% |
| Sep 30, 2024 | 28.58% |
| Jun 30, 2024 | 31.07% |
| Mar 31, 2024 | 31.00% |
| Dec 31, 2023 | 30.90% |
| Sep 30, 2023 | 31.44% |
| Jun 30, 2023 | 32.41% |
| Mar 31, 2023 | 45.44% |
| Dec 31, 2022 | 54.95% |
| Sep 30, 2022 | 31.39% |
| Jun 30, 2022 | 32.16% |
| Mar 31, 2022 | 28.76% |
| Dec 31, 2021 | 27.25% |
| Sep 30, 2021 | 38.02% |
API Access
Essex Property Trust, Inc. Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ESS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ESS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ESS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();