Filing Flows › Extra Space Storage (EXR) › Q2 2026
Extra Space Storage (EXR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Extra Space Storage (EXR) reported revenue of $874M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +2% from the quarter before. Operating margin was 44.9%, net earnings $263M (30.1% of revenue).
Extra Space Storage, Q2 2026: revenue $874M (+4% year over year), operating margin 44.9%, net earnings $263M, operating cash flow $586M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $874M | +2% | +4% |
| Operating profit | $392M | +7% | +5% |
| Net earnings | $263M | +9% | +6% |
| Operating cash flow | $586M | +20% | +8% |
| Free cash flow | $500M | +8% | +31% |
What changed
Revenue was $874.2M in Q2 2026, up 4% year over year and up 2% from the previous quarter.
Operating profit was $392.2M, a 44.9% margin (up 0.4 points year over year). Of the extra revenue versus Q2 2025, 56% reached operating profit, above the 44% margin then. Total costs grew 3% against revenue growth of 4%. Net earnings were $263.5M, up 6% year over year. The effective tax rate was 4.2%.
Operating cash flow was $586.4M (up 8% year over year), 213% of net income including minority interests. Non-cash charges added back $185.6M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items added $116.1M. Capital expenditures of $86.8M left free cash flow of $499.6M.
Questions
What was Extra Space Storage's revenue in the second quarter 2026?
Extra Space Storage (EXR) reported revenue of $874M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +2% from the quarter before.
Was Extra Space Storage profitable in the second quarter 2026?
Operating profit was $392M (44.9% of revenue) and net earnings $263M.