TTM
29.2%
YoY change
−1.36pp
Trough year (2003)
12.2%
Peak year (2002)
165.2%
Latest annual
30.1%
Operating Margin history chart for AvalonBay Communities (AVB) from 1994 to 2025
Latest: 30.1%
Operating Margin change chart for AvalonBay Communities (AVB) from 1994 to 2025
Latest: −1.36pp
Operating Margin history table for AvalonBay Communities (AVB) from 1994 to 2025
| 2025 | 30.1% | -1.36pp | ||
| 2024 | 31.4% | -0.59pp | ||
| 2023 | 32.0% | +1.74pp | ||
| 2022 | 30.3% | +3.58pp | ||
| 2021 | 26.7% | -4.17pp | ||
| 2020 | 30.9% | -5.13pp | ||
| 2019 | 36.0% | -0.17pp | ||
| 2018 | 36.2% | -0.82pp | ||
| 2017 | 37.0% | -1.38pp | ||
| 2016 | 38.4% | +1.03pp | ||
| 2015 | 37.3% | +1.04pp | ||
| 2014 | 36.3% | +12.23pp | ||
| 2013 | 24.1% | -12.50pp | ||
| 2012 | 36.6% | +2.34pp | ||
| 2011 | 34.2% | +3.23pp | ||
| 2010 | 31.0% | -1.40pp | ||
| 2009 | 32.4% | -0.35pp | ||
| 2008 | 32.8% | -2.14pp | ||
| 2007 | 34.9% | -0.07pp | ||
| 2006 | 35.0% | +2.76pp | ||
| 2005 | 32.2% | -1.36pp | ||
| 2004 | 33.6% | +21.40pp | ||
| 2003 | 12.2% | -153.04pp | ||
| 2002 | 165.2% | +122.15pp | ||
| 2001 | 43.1% | -0.22pp | ||
| 2000 | 43.3% | +2.09pp | ||
| 1999 | 41.2% | +1.13pp | ||
| 1998 | 40.1% | -113.63pp | ||
| 1997 | 153.7% | +128.92pp | ||
| 1996 | 24.8% | -129.79pp | ||
| 1995 | 154.6% | -2.31pp | ||
| 1994 | 156.9% | — |
- 202530.1%-1.36pp
- 202431.4%-0.59pp
- 202332.0%+1.74pp
- 202230.3%+3.58pp
- 202126.7%-4.17pp
- 202030.9%-5.13pp
- 201936.0%-0.17pp
- 201836.2%-0.82pp
- 201737.0%-1.38pp
- 201638.4%+1.03pp
- 201537.3%+1.04pp
- 201436.3%+12.23pp
- 201324.1%-12.50pp
- 201236.6%+2.34pp
- 201134.2%+3.23pp
- 201031.0%-1.40pp
- 200932.4%-0.35pp
- 200832.8%-2.14pp
- 200734.9%-0.07pp
- 200635.0%+2.76pp
- 200532.2%-1.36pp
- 200433.6%+21.40pp
- 200312.2%-153.04pp
- 2002165.2%+122.15pp
- 200143.1%-0.22pp
- 200043.3%+2.09pp
- 199941.2%+1.13pp
- 199840.1%-113.63pp
- 1997153.7%+128.92pp
- 199624.8%-129.79pp
- 1995154.6%-2.31pp
- 1994156.9%—
Operating Margin values are taken from AvalonBay Communities's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at AvalonBay Communities (AVB)
According to AvalonBay Communities's latest reported financial statements, the company's latest reported operating margin is 29.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, AvalonBay Communities (AVB) operating margin totalled 30.07% – contracted 1.4 percentage points year-over-year.
2002 marks the peak operating margin at 165.21%, with the historical low of 12.17% recorded in 2003.
AvalonBay Communities Operating Margin by Year
AvalonBay Communities Operating Margin 2025: 30.1%
In 2025, AvalonBay Communities reported operating margin of 30.07%, contracted 1.4 percentage points from 2024.
AvalonBay Communities Operating Margin 2024: 31.4%
AvalonBay Communities operating margin in 2024 was 31.43%, contracted 0.6 percentage points from 2023.
AvalonBay Communities Operating Margin 2023: 32.0%
2023's operating margin for AvalonBay Communities came in at 32.02%, expanded 1.7 percentage points from 2022.
AvalonBay Communities Operating Margin 2022: 30.3%
AvalonBay Communities posted operating margin of 30.28% in 2022, expanded 3.6 percentage points from 2021.
AvalonBay Communities Operating Margin 2021: 26.7%
AvalonBay Communities operating margin in 2021 was 26.70%.
See more financial history for AvalonBay Communities (AVB).
Sector peers by Operating Margin
Real Estate peers of AvalonBay Communities (AVB), ranked by their latest operating margin
| 50.8% | |
| 48.3% | |
| 44.2% | |
| 38.9% | |
| 29.3% | |
| 20.8% | |
| 14.6% | |
| 4.6% |
- 50.8%
- 44.2%
- 38.9%
- 29.3%
- 20.8%
- 4.6%
Frequently asked questions
AvalonBay Communities (AVB) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation