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Operating Margin for Extra Space Storage (EXR)

As of · Reported

Metric
Profitability

TTM

43.3%

YoY change

+4.44pp

Trough year (2003)

3.8%

Peak year (2021)

60.6%

Operating Margin history chart for Extra Space Storage (EXR) from 2001 to 2025

Latest: 44.1%

Operating Margin change chart for Extra Space Storage (EXR) from 2001 to 2025

Latest: +4.44pp

Operating Margin history table for Extra Space Storage (EXR) from 2001 to 2025

  • 202544.1%+4.44pp
  • 202439.6%-5.10pp
  • 202344.7%-8.69pp
  • 202253.4%-7.19pp
  • 202160.6%+12.31pp
  • 202048.3%+0.21pp
  • 201948.1%-3.06pp
  • 201851.2%+2.83pp
  • 201748.3%+3.57pp
  • 201644.8%+7.69pp
  • 201537.1%-5.26pp
  • 201442.3%+2.23pp
  • 201340.1%+2.69pp
  • 201237.4%+2.40pp
  • 201135.0%+2.75pp
  • 201032.3%+6.63pp
  • 200925.6%-8.02pp
  • 200833.6%-1.43pp
  • 200735.1%+4.84pp
  • 200630.2%+6.23pp
  • 200524.0%+7.11pp
  • 200416.9%+13.14pp
  • 20033.8%-16.56pp
  • 200220.3%+9.00pp
  • 200111.3%—

Operating Margin values are taken from Extra Space Storage'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 Extra Space Storage (EXR)

According to Extra Space Storage's latest reported financial statements, the company's latest reported operating margin is 43.3%. 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 .

As of the 2025 fiscal year, Extra Space Storage (EXR) reported operating margin of 44.09% – expanded 4.4 percentage points year-over-year.

60.63% stands as the all-time-high annual operating margin, posted in 2021, against a low of 3.76% during 2003.

Extra Space Storage Operating Margin by Year

Extra Space Storage Operating Margin 2025: 44.1%

Extra Space Storage operating margin in 2025 was 44.09%, expanded 4.4 percentage points from 2024.

Extra Space Storage Operating Margin 2024: 39.6%

2024's operating margin for Extra Space Storage came in at 39.65%, contracted 5.1 percentage points from 2023.

Extra Space Storage Operating Margin 2023: 44.7%

Extra Space Storage posted operating margin of 44.75% in 2023, contracted 8.7 percentage points from 2022.

Extra Space Storage Operating Margin 2022: 53.4%

In 2022, Extra Space Storage reported operating margin of 53.44%, contracted 7.2 percentage points from 2021.

Extra Space Storage Operating Margin 2021: 60.6%

Extra Space Storage operating margin in 2021 was 60.63%.

See more financial history for Extra Space Storage (EXR).

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