Filing Flows › Extra Space Storage (EXR) › Q2 2026 › vs Q1 2026
Extra Space Storage (EXR) Q2 2026 vs Q1 2026 (quarter over quarter)
Extra Space Storage's revenue rose $18.1M (+2%) from $856M in Q1 2026 to $874M in Q2 2026. Operating margin 44.9% against 42.9% (+1.9 pts).
Extra Space Storage, Q2 2026: revenue $874M (+4% year over year), operating margin 44.9%, net earnings $263M, operating cash flow $586M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 44.9% | 42.9% | +1.9 pts |
| Net margin | 30.1% | 28.2% | +2.0 pts |
| Free cash flow margin | 57.2% | 54.1% | +3.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $874M | $856M | $18.1M | +2% |
| Operating profit | $392M | $368M | $24.6M | +7% |
| Costs & expenses | $482M | $488M | −$6.5M | -1% |
| Pre-tax earnings | $288M | $263M | $24.7M | +9% |
| Other expense, net | $104M | $104M | −$108K | -0.1% |
| Cost of revenue | $232M | $238M | −$6.6M | -3% |
| General & admin | $47.3M | $46.5M | $806K | +2% |
| Other operating costs | $203M | $204M | −$727K | -0.4% |
| Net earnings | $263M | $241M | $22.5M | +9% |
| Minority interests | $12.4M | $11.4M | $965K | +8% |
| Income tax | $12.1M | $10.8M | $1.3M | +12% |
| Depreciation & amortization | $186M | $186M | −$185K | -0.1% |
| Share-based compensation | $8.8M | $7.6M | $1.2M | +16% |
| Working capital & other | $128M | $55.5M | $73.0M | +132% |
| Operating cash flow | $586M | $490M | $96.6M | +20% |
| Free cash flow (OCF − capex) | $500M | $463M | $36.2M | +8% |
| Capital expenditures | $86.8M | $26.4M | $60.4M | +229% |
Questions
How much did Extra Space Storage's revenue grow quarter over quarter in Q2 2026?
Extra Space Storage's revenue rose $18.1M (+2%) from $856M in Q1 2026 to $874M in Q2 2026. Operating margin 44.9% against 42.9% (+1.9 pts).