Filing Flows › Empire State Realty Trust (ESRT) › Q3 2026 › vs Q2 2026
Empire State Realty Trust (ESRT) Q3 2026 vs Q2 2026 (quarter over quarter)
Empire State Realty Trust's revenue fell $3.8M (-2%) from $197M in Q2 2026 to $193M in Q3 2026. Operating margin 18.5% against -70.4% (+89.0 pts).
Empire State Realty Trust, Q3 2026: revenue $193M (-2% year over year), operating margin 18.5%, net earnings $3.1M, operating cash flow $61.4M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 18.5% | -70.4% | +89.0 pts |
| Net margin | 1.6% | -13.1% | +14.7 pts |
| Free cash flow margin | 15.8% | -5.8% | +21.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $193M | $197M | −$3.8M | -2% |
| Operating profit | $35.8M | −$139M | $175M | — |
| Costs & expenses | $157M | $336M | −$178M | -53% |
| Pre-tax earnings | $7.8M | −$40.3M | $48.1M | — |
| Other expense, net | $28.0M | −$98.4M | $126M | — |
| General & admin | $17.2M | $25.1M | −$7.9M | -32% |
| Other operating costs | $140M | $310M | −$170M | -55% |
| Net earnings | $3.1M | −$25.8M | $28.9M | — |
| Minority interests | $2.8M | −$13.7M | $16.5M | — |
| Income tax | $1.9M | −$767K | $2.6M | — |
| Depreciation & amortization | $46.7M | $50.4M | −$3.7M | -7% |
| Share-based compensation | $5.8M | $11.2M | −$5.4M | -48% |
| Working capital & other | $5.9M | −$16.2M | $22.1M | — |
| Operating cash flow | $61.4M | $19.5M | $41.9M | +214% |
| Free cash flow (OCF − capex) | $30.5M | −$11.4M | $42.0M | — |
| Capital expenditures | $30.9M | $31.0M | −$90K | -0.3% |
Questions
How much did Empire State Realty Trust's revenue grow quarter over quarter in Q3 2026?
Empire State Realty Trust's revenue fell $3.8M (-2%) from $197M in Q2 2026 to $193M in Q3 2026. Operating margin 18.5% against -70.4% (+89.0 pts).