Filing Flows › Extra Space Storage (EXR) › Q3 2026
Extra Space Storage (EXR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Extra Space Storage (EXR) reported revenue of $890M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +2% from the quarter before. Operating margin was 44.0%, net earnings $248M (27.8% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $890M | +2% | +4% |
| Operating profit | $392M | -0.1% | +40% |
| Net earnings | $248M | -6% | +49% |
| Operating cash flow | $467M | -20% | +2% |
| Free cash flow | $430M | -19% | +1% |
What changed
Revenue was $889.8M in Q3 2026, up 4% year over year and up 2% from the previous quarter.
Operating profit was $391.9M, a 44.0% margin (up 11.5 points year over year). Of the extra revenue versus Q3 2025, 360% reached operating profit, above the 33% margin then. Total costs fell 14% while revenue rose 4%. Net earnings were $247.8M, up 49% year over year. The effective tax rate was 4.4%.
Operating cash flow was $467.1M (up 2% year over year), 180% of net income including minority interests. Non-cash charges added back $189.6M of depreciation and amortization and $8.9M of share-based compensation. Capital expenditures of $36.9M left free cash flow of $430.2M.
Questions
What was Extra Space Storage's revenue in the third quarter 2026?
Extra Space Storage (EXR) reported revenue of $890M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +2% from the quarter before.
Was Extra Space Storage profitable in the third quarter 2026?
Operating profit was $392M (44.0% of revenue) and net earnings $248M.