Filing Flows › Empire State Realty Trust (ESRT) › Operating margin
Empire State Realty Trust (ESRT) operating margin by quarter
Empire State Realty Trust's operating margin was 15.5% in Q1 2026 (first quarter 2026), -2.3 pts from Q4 2025. Over the last 6 quarters it ranged from 14.3% (Q1 2025) to 21.7% (Q4 2024).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q1 2026 | 15.5% | -2.3 pts | +1.2 pts |
| Q4 2025 | 17.8% | -2.1 pts | -4.0 pts |
| Q3 2025 | 19.9% | +1.5 pts | — |
| Q2 2025 | 18.4% | +4.0 pts | — |
| Q1 2025 | 14.3% | -7.4 pts | — |
| Q4 2024 | 21.7% | — | — |
Q1 2026 at a glance
Empire State Realty Trust, Q1 2026: revenue $190M (+6% year over year), operating margin 15.5%, net earnings $1.2M, operating cash flow $68.9M. The chart follows the revenue to costs, profit and cash.
Questions
What is Empire State Realty Trust's operating margin?
Empire State Realty Trust's operating margin was 15.5% in Q1 2026 (first quarter 2026), -2.3 pts from Q4 2025.
How has Empire State Realty Trust's operating margin changed?
Over the last 6 quarters it ranged from 14.3% (Q1 2025) to 21.7% (Q4 2024).
Q1 2026 results → · How Empire State Realty Trust makes money →