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

Extra Space Storage (EXR) has reported Operating Margin for 18 consecutive years, with 44.86% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin rose 43.0% year-over-year to 44.86% in Q2 2026; TTM through Jun 2026 was 40.91%, a 278.0% decrease from a year earlier, with the FY2025 full-year figure at 41.83%, up 119.0% from the prior year.
• Operating Margin was 44.86% for Q2 2026 at Extra Space Storage, up from 42.94% in the prior quarter.
• Over five years, Operating Margin peaked at 58.04% in Q2 2022 and troughed at 32.51% in Q3 2025.
• A 5-year average of 45.78% and a median of 44.65% in 2026 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin slumped 1975 bps in 2022 and surged 684 bps in 2025, its largest moves.
• Over 5 years, Operating Margin stood at 53.2% in 2022, then declined by 21 bps to 41.8% in 2023, then advanced by 11 bps to 46.24% in 2024, then declined by 6 bps to 43.25% in 2025, then grew by 4 bps to 44.86% in 2026.
• The last three Operating Margin figures came in at 44.86% (Q2 2026), 42.94% (Q1 2026), and 43.25% (Q4 2025), per Business Quant data.