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Extra Space Storage (EXR) operating margin by quarter

Extra Space Storage's operating margin was 44.0% in Q3 2026 (third quarter 2026), -0.8 pts from Q2 2026. Over the last 7 quarters it ranged from 32.5% (Q3 2025) to 47.4% (Q1 2025).

Extra Space Storage operating margin by quarterExtra Space Storage operating margin by quarter47.4%Q1 202544.4%Q2 202532.5%Q3 202543.3%Q4 202542.9%Q1 202644.9%Q2 202644.0%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202644.0%-0.8 pts+11.5 pts
Q2 202644.9%+1.9 pts+0.4 pts
Q1 202642.9%-0.3 pts-4.5 pts
Q4 202543.3%+10.7 pts—
Q3 202532.5%-11.9 pts—
Q2 202544.4%-3.0 pts—
Q1 202547.4%——

Q3 2026 at a glance

Extra Space Storage, Q3 2026: revenue $890M (+4% year over year), operating margin 44.0%, net earnings $248M, operating cash flow $467M. The chart follows the revenue to costs, profit and cash.

Questions

What is Extra Space Storage's operating margin?

Extra Space Storage's operating margin was 44.0% in Q3 2026 (third quarter 2026), -0.8 pts from Q2 2026.

How has Extra Space Storage's operating margin changed?

Over the last 7 quarters it ranged from 32.5% (Q3 2025) to 47.4% (Q1 2025).

Q3 2026 results → · How Extra Space Storage makes money →