What is the current annual operating margin of EXR?

As of today, EXR annual operating margin is 44.09%

What is 1-year change in EXR annual operating margin?

EXR annual operating margin is up +4.43% year-over-year

What is 3-year change in EXR annual operating margin?

EXR annual operating margin is down -18.25% over the past 3 years

How far is EXR annual operating margin from its all-time high?

EXR annual operating margin is currently -18.25% below its historical high of 53.93% set on December 31, 2022

How does EXR annual operating margin rank versus sector peers?

EXR annual operating margin is higher than 76.38% of companies in Real Estate sector

When is EXR next annual earnings release?

The next annual earnings release for EXR is on February 18, 2027

What is the current quarterly operating margin of EXR?

As of today, EXR quarterly operating margin is 44.69%

What is EXR quarterly operating margin most recent change?

EXR quarterly operating margin was down -0.38% on September 30, 2026

What is 1-year change in EXR quarterly operating margin?

EXR quarterly operating margin is up +37.47% year-over-year

How far is EXR quarterly operating margin from its all-time high?

EXR quarterly operating margin is currently -20.04% below its historical high of 55.89% set on June 30, 2021

How does EXR quarterly operating margin rank versus sector peers?

EXR quarterly operating margin is higher than 78.86% of companies in Real Estate sector

When is EXR next earnings release?

The next earnings release for EXR is on February 18, 2027

EXR Operating Margin History & Chart Since 2000

Annual Operating Margin

44.09%1.87%+4.43%

December 31, 2025

Summary

Current Value: As of today, EXR annual operating margin is 44.09%, up +4.43% on December 31, 2025
Historical Performance: EXR annual operating margin is down -18.25% over the past 3 years, down -3.80% over the past 5 years
All-Time High Comparison: EXR annual operating margin is currently -18.25% below its historical high of 53.93% set on December 31, 2022
3-Year Low Comparison: EXR annual operating margin is +4.43% above its 3-year low of 42.22% reached on December 31, 2024
Sector Comparison: EXR annual operating margin is higher than 76.38% of companies in Real Estate sector

Operating Margin Chart

beforeafter

Performance

EXR Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	44.09%	+4.4%	-18.3%	-3.8%	+30.5%
Quarterly Operating Margin	Sep 30, 26	44.69%	+37.5%	-5.6%	-18.5%	+21.4%
Price	Oct 30, 26	$152.12	+12.8%	+46.4%	-22.9%	+566.6%
PE Ratio	Oct 30, 26	31.62	+4.9%	+65.0%	-13.5%	-36.3%
Annual Revenue	Dec 31, 25	$3.38B	+3.7%	+75.5%	+149.0%	+1113.1%
Annual Operating Profit	Dec 31, 25	$1.49B	+8.3%	+43.5%	+139.6%	+1483.2%
Annual Gross Margin	Dec 31, 25	49.60%	+3.0%	-18.2%	-6.3%	+2.0%
Annual Net Margin	Dec 31, 25	30.22%	+9.5%	-36.8%	-20.7%	+152.0%

Operating Margin Highs

EXR Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	53.93%	N/A	-18.3%
5Y	53.93%	Dec 31, 22	-18.3%
All	53.93%	Dec 31, 22	-18.3%

Operating Margin Lows

EXR Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	42.22%	Dec 31, 24	+4.4%
5Y	42.22%	Dec 31, 24	+4.4%
All	-102.77%	Dec 1, 00	+142.9%

Operating Margin History

Year	Value	Change
2025	44.09%	+4.4%
2024	42.22%	-12.6%
2023	48.31%	-10.4%
2022	53.93%	+5.6%
2021	51.08%	+11.5%
2020	45.83%	-0.8%
2019	46.19%	-1.9%
2018	47.07%	-0.4%
2017	47.28%	+4.4%
2016	45.28%	+25.8%
2015	36.00%	-13.8%
2014	41.74%	+52.1%
2013	27.45%	-26.5%

Year	Value	Change
2012	37.37%	+4.4%
2011	35.80%	+6.0%
2010	33.78%	+1.7%
2009	33.21%	-0.3%
2008	33.30%	-6.3%
2007	35.52%	+17.5%
2006	30.24%	+25.9%
2005	24.01%	+42.1%
2004	16.90%	+305.8%
2003	-8.21%	+60.0%
2002	-20.55%	+45.7%
2001	-37.88%	+63.1%
2000	-102.77%	-

FAQ

What is the current annual operating margin of EXR?: As of today, EXR annual operating margin is 44.09%
What is 1-year change in EXR annual operating margin?: EXR annual operating margin is up +4.43% year-over-year
What is 3-year change in EXR annual operating margin?: EXR annual operating margin is down -18.25% over the past 3 years
How far is EXR annual operating margin from its all-time high?: EXR annual operating margin is currently -18.25% below its historical high of 53.93% set on December 31, 2022
How does EXR annual operating margin rank versus sector peers?: EXR annual operating margin is higher than 76.38% of companies in Real Estate sector
When is EXR next annual earnings release?: The next annual earnings release for EXR is on February 18, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

44.69%0.17%-0.38%

September 30, 2026

Summary

Current Value: As of today, EXR quarterly operating margin is 44.69%, down -0.38% on September 30, 2026
Historical Performance: EXR quarterly operating margin is up +37.47% year-over-year, down -5.56% over the past 3 years
All-Time High Comparison: EXR quarterly operating margin is currently -20.04% below its historical high of 55.89% set on June 30, 2021
3-Year Low Comparison: EXR quarterly operating margin is +372.17% above its 3-year low of -16.42% reached on December 31, 2025
Sector Comparison: EXR quarterly operating margin is higher than 78.86% of companies in Real Estate sector

Performance

EXR Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	44.69%	-0.4%	+37.5%	-5.6%	-18.5%
Annual Operating Margin	Dec 31, 25	44.09%	–	+4.4%	-18.3%	-3.8%
Price	Oct 30, 26	$152.12	+2.6%	+12.8%	+46.4%	-22.9%
PE Ratio	Oct 30, 26	31.62	-4.7%	+4.9%	+65.0%	-13.5%
Quarterly Revenue	Sep 30, 26	$889.79M	+1.8%	+3.6%	+18.9%	+115.7%
Quarterly Operating Profit	Sep 30, 26	$397.69M	+1.4%	+42.5%	+12.3%	+75.8%
Quarterly Gross Margin	Sep 30, 26	49.84%	-0.9%	+0.0%	-4.7%	-18.0%
Quarterly Net Margin	Sep 30, 26	29.16%	-7.5%	+44.2%	+9.9%	-39.7%

Quarterly Operating Margin Highs

EXR Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	44.86%	Jun 30, 26	-0.4%
3Y	47.41%	Mar 31, 25	-5.7%
5Y	55.34%	Jun 30, 22	-19.2%
All	55.89%	Jun 30, 21	-20.0%

Quarterly Operating Margin Lows

EXR Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	-16.42%	Dec 31, 25	+372.2%
3Y	-16.42%	Dec 31, 25	+372.2%
5Y	-16.42%	Dec 31, 25	+372.2%
All	-54.88%	Mar 31, 04	+181.4%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	44.69%	-0.4%
Jun 2026	44.86%	+4.5%
Mar 2026	42.94%	+361.5%
Dec 2025	-16.42%	-150.5%
Sep 2025	32.51%	-26.8%
Jun 2025	44.43%	-6.3%
Mar 2025	47.41%	+421.4%
Dec 2024	-14.75%	-134.3%
Sep 2024	42.98%	-3.1%
Jun 2024	44.34%	+5.6%
Mar 2024	42.00%	-3.2%
Dec 2023	43.37%	-8.3%
Sep 2023	47.32%	-11.5%
Jun 2023	53.45%	+2.0%
Mar 2023	52.39%	-1.6%
Dec 2022	53.22%	-1.6%
Sep 2022	54.09%	-2.3%
Jun 2022	55.34%	+4.3%
Mar 2022	53.05%	-3.5%
Dec 2021	54.96%	+0.2%
Sep 2021	54.86%	-1.8%
Jun 2021	55.89%	+13.2%
Mar 2021	49.38%	-1.8%
Dec 2020	50.26%	+5.6%
Sep 2020	47.58%	+3.8%
Jun 2020	45.83%	-3.1%
Mar 2020	47.28%	-3.6%
Dec 2019	49.03%	+1.7%
Sep 2019	48.19%	-1.3%
Jun 2019	48.82%	+2.4%
Mar 2019	47.66%	-6.5%
Dec 2018	50.98%	+1.9%
Sep 2018	50.04%	+2.6%
Jun 2018	48.76%	+3.9%
Mar 2018	46.91%	-6.3%
Dec 2017	50.07%	+1.7%
Sep 2017	49.23%	-0.4%
Jun 2017	49.42%	+4.7%
Mar 2017	47.22%	-2.3%
Dec 2016	48.34%	-0.3%
Sep 2016	48.47%	+4.4%
Jun 2016	46.44%	+9.1%
Mar 2016	42.58%	+138.5%
Dec 2015	17.85%	-63.8%
Sep 2015	49.27%	+12.2%
Jun 2015	43.91%	+0.8%
Mar 2015	43.57%	+2.9%

Month	Value	Change
Dec 2014	42.33%	-7.7%
Sep 2014	45.84%	+14.9%
Jun 2014	39.88%	+0.8%
Mar 2014	39.58%	+48.5%
Dec 2013	26.66%	-10.5%
Sep 2013	29.79%	+5.9%
Jun 2013	28.12%	+12.2%
Mar 2013	25.06%	-31.6%
Dec 2012	36.63%	+57.8%
Sep 2012	23.22%	-1.4%
Jun 2012	23.54%	-33.2%
Mar 2012	35.22%	-10.7%
Dec 2011	39.43%	+7.1%
Sep 2011	36.82%	+8.4%
Jun 2011	33.98%	+7.2%
Mar 2011	31.71%	-5.7%
Dec 2010	33.63%	-3.1%
Sep 2010	34.72%	+6.0%
Jun 2010	32.74%	+8.0%
Mar 2010	30.32%	-15.8%
Dec 2009	36.02%	+12.1%
Sep 2009	32.13%	-2.4%
Jun 2009	32.93%	+7.9%
Mar 2009	30.53%	-9.4%
Dec 2008	33.70%	-3.3%
Sep 2008	34.85%	+7.1%
Jun 2008	32.54%	+1.7%
Mar 2008	31.99%	-12.8%
Dec 2007	36.67%	-1.5%
Sep 2007	37.24%	+6.7%
Jun 2007	34.89%	+6.5%
Mar 2007	32.77%	-0.0%
Dec 2006	32.78%	+1.5%
Sep 2006	32.29%	+5.4%
Jun 2006	30.63%	+24.6%
Mar 2006	24.59%	+11.8%
Dec 2005	22.00%	-24.8%
Sep 2005	29.26%	+22.6%
Jun 2005	23.87%	+4.7%
Mar 2005	22.80%	-11.6%
Dec 2004	25.78%	+8.6%
Sep 2004	23.73%	+120.1%
Jun 2004	10.78%	+119.6%
Mar 2004	-54.88%	-74.8%
Dec 2003	-31.39%	-371.3%
Sep 2003	11.57%	-37.9%
Jun 2003	18.63%	-

FAQ

What is the current quarterly operating margin of EXR?: As of today, EXR quarterly operating margin is 44.69%
What is EXR quarterly operating margin most recent change?: EXR quarterly operating margin was down -0.38% on September 30, 2026
What is 1-year change in EXR quarterly operating margin?: EXR quarterly operating margin is up +37.47% year-over-year
How far is EXR quarterly operating margin from its all-time high?: EXR quarterly operating margin is currently -20.04% below its historical high of 55.89% set on June 30, 2021
How does EXR quarterly operating margin rank versus sector peers?: EXR quarterly operating margin is higher than 78.86% of companies in Real Estate sector
When is EXR next earnings release?: The next earnings release for EXR is on February 18, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

EXR Official Website www.extraspace.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1289490/000128949026000011/0001289490-26-000011-index.htm
EXR Profile on Yahoo Finance finance.yahoo.com/quote/EXR
EXR Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/exr