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Operating Margin for Public Storage (PSA)

As of · Reported

Metric
Profitability

TTM

50.8%

YoY change

−0.15pp

Trough year (1998)

3.2%

Peak year (1993)

161.6%

Operating Margin history chart for Public Storage (PSA) from 1983 to 2025

Latest: 46.7%

Operating Margin change chart for Public Storage (PSA) from 1983 to 2025

Latest: −0.15pp

Operating Margin history table for Public Storage (PSA) from 1983 to 2025

  • 202546.7%-0.15pp
  • 202446.9%-4.46pp
  • 202351.3%-0.54pp
  • 202251.9%+1.93pp
  • 202149.9%+1.53pp
  • 202048.4%-2.97pp
  • 201951.4%+0.13pp
  • 201851.2%-2.09pp
  • 201753.3%-0.35pp
  • 201653.7%+1.95pp
  • 201551.7%+3.26pp
  • 201448.5%+0.07pp
  • 201348.4%+1.08pp
  • 201247.3%+3.38pp
  • 201143.9%+1.02pp
  • 201042.9%-1.86pp
  • 200944.8%+4.42pp
  • 200840.4%+17.71pp
  • 200722.6%-3.45pp
  • 200626.1%-17.72pp
  • 200543.8%+2.64pp
  • 200441.2%+1.86pp
  • 200339.3%-1.92pp
  • 200241.2%-5.15pp
  • 200146.4%-1.04pp
  • 200047.4%+3.92pp
  • 199943.5%+40.31pp
  • 19983.2%-75.96pp
  • 199779.2%+1.09pp
  • 199678.1%+37.61pp
  • 199540.5%+0.72pp
  • 199439.7%-121.90pp
  • 1993161.6%+1.92pp
  • 1992159.7%+8.11pp
  • 1991151.6%+14.79pp
  • 1990136.8%+11.56pp
  • 1989125.3%-7.63pp
  • 1988132.9%+0.49pp
  • 1987132.4%+3.95pp
  • 1986128.4%-1.60pp
  • 1985130.1%+94.85pp
  • 198435.2%+2.64pp
  • 198332.6%—

Operating Margin values are taken from Public 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 Public Storage (PSA)

According to Public Storage's latest reported financial statements, the company's latest reported operating margin is 50.8%. 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 .

The 2025 reading of Public Storage (PSA) operating margin is 46.73% – contracted 0.1 percentage points year-over-year.

The highest annual operating margin of 161.64% was reported in 1993. The lowest in the available history was 3.20% in 1998.

Public Storage Operating Margin by Year

Public Storage Operating Margin 2025: 46.7%

2025's operating margin for Public Storage came in at 46.73%, contracted 0.1 percentage points from 2024.

Public Storage Operating Margin 2024: 46.9%

Public Storage posted operating margin of 46.88% in 2024, contracted 4.5 percentage points from 2023.

Public Storage Operating Margin 2023: 51.3%

In 2023, Public Storage reported operating margin of 51.33%, contracted 0.5 percentage points from 2022.

Public Storage Operating Margin 2022: 51.9%

Public Storage operating margin in 2022 was 51.87%, expanded 1.9 percentage points from 2021.

Public Storage Operating Margin 2021: 49.9%

Public Storage operating margin in 2021 was 49.94%.

See more financial history for Public Storage (PSA).

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