Extra Space Storage (EXR) Operating Margin (2009 - 2026)

Extra Space Storage (EXR) has 18 years of Operating Margin data on file, last reported at 42.94% in Q1 2026.

• On a quarterly basis, Operating Margin fell 121489.0% year-over-year to 42.94% in Q1 2026; TTM through Mar 2026 was 94.66%, a 24548.0% decrease from a year earlier, with the FY2025 full-year figure at 1091.08%, up 105045.0% from the prior year.
• Operating Margin for Q1 2026 stood at 42.94%, up from 15.51% in the prior quarter.
• Over the last five years, Operating Margin for EXR reached as high as 1272.52% in Q4 2022 and fell as low as 15.51% in Q4 2025.
• Historically, Operating Margin has averaged 676.53% across 5 years, with a median of 1013.11% in 2024.
• Across the five-year window, Operating Margin slumped 127225 bps in 2022 and surged 121582 bps in 2025, its largest moves.
• Year by year, Operating Margin stood at 1272.52% in 2022, then declined by 14 bps to 1097.76% in 2023, then tumbled by 96 bps to 46.24% in 2024, then plunged by 134 bps to 15.51% in 2025, then surged by 377 bps to 42.94% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 42.94% in Q1 2026, 15.51% in Q4 2025, and 857.83% in Q3 2025.