Filing Flows › Public Storage (PSA) › Operating margin
Public Storage (PSA) operating margin by quarter
Public Storage's operating margin was 23.2% in Q3 2026 (third quarter 2026), -14.7 pts from Q2 2026. Over the last 7 quarters it ranged from 23.2% (Q3 2026) to 41.6% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 23.2% | -14.7 pts | -17.0 pts |
| Q2 2026 | 37.9% | -1.1 pts | -3.8 pts |
| Q1 2026 | 38.9% | -0.2 pts | -0.3 pts |
| Q4 2025 | 39.2% | -1.0 pts | — |
| Q3 2025 | 40.2% | -1.5 pts | — |
| Q2 2025 | 41.6% | +2.4 pts | — |
| Q1 2025 | 39.2% | — | — |
Q3 2026 at a glance
Public Storage, Q3 2026: revenue $1.4B (+12% year over year), operating margin 23.2%, net earnings $367M, operating cash flow $709M. The chart follows the revenue to costs, profit and cash.
Questions
What is Public Storage's operating margin?
Public Storage's operating margin was 23.2% in Q3 2026 (third quarter 2026), -14.7 pts from Q2 2026.
How has Public Storage's operating margin changed?
Over the last 7 quarters it ranged from 23.2% (Q3 2026) to 41.6% (Q2 2025).