Filing Flows › Extra Space Storage (EXR) › How it makes money
How Extra Space Storage (EXR) makes money
Extra Space Storage (EXR) made $890M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 44¢ was left as operating profit, 28¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $890M | 100.0% |
| Operating profit | $392M | 44.0% |
| Income tax | $12.1M | 1.4% |
| Net earnings | $248M | 27.8% |
| Operating cash flow | $467M | 52.5% |
| Free cash flow | $430M | 48.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $890M | +4% |
| Q2 2026 | $874M | +4% |
| Q1 2026 | $856M | +4% |
| Q4 2025 | $857M | +4% |
| Q3 2025 | $858M | +4% |
| Q2 2025 | $842M | +4% |
| Q1 2025 | $820M | +3% |
From Extra Space Storage's 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Extra Space Storage make money?
Extra Space Storage (EXR) made $890M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 44¢ was left as operating profit, 28¢ was left as net earnings.
What is Extra Space Storage's profit margin?
Net earnings were $248M, 27.8% of revenue, in the third quarter 2026; the operating margin was 44.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.