Operating Income

Gross Profit

Extra Space Storage Gross Profit decreased by 1.3% to $617.72M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.6%, from $596.42M to $617.72M. Over 4 years (FY 2021 to FY 2025), Gross Profit shows an upward trend with a 19.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ4 2013
Last reportedQ4 2025

How to read this metric

Higher gross profit indicates a strong ability to command premium pricing and manage production costs effectively.

Detailed definition

The profit a company makes after deducting the costs associated with making and selling its products, or the costs assoc...

Peer comparison

Premium hardware brands aim for higher gross profit margins than commodity electronics manufacturers.

Metric ID: gross_profit

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$289.48M$319.70M$333.09M$340.02M$370.74M$384.33M$393.75M$385.88M$396.75M$562.84M$602.74M$595.02M$613.76M$615.77M$600.79M$596.42M$614.00M$622.97M$626.01M$617.72M
QoQ Change+10.4%+4.2%+2.1%+9.0%+3.7%+2.5%-2.0%+2.8%+41.9%+7.1%-1.3%+3.1%+0.3%-2.4%-0.7%+2.9%+1.5%+0.5%-1.3%
YoY Change+28.1%+20.2%+18.2%+13.5%+7.0%+46.4%+53.1%+54.2%+54.7%+9.4%-0.3%+0.2%+0.0%+1.2%+4.2%+3.6%
Range$289.48M$626.01M
CAGR+17.3%
Avg YoY Growth+19.6%
Median YoY Growth+11.4%

Frequently Asked Questions

What is Extra Space Storage's gross profit?
Extra Space Storage (EXR) reported gross profit of $617.72M in Q1 2026.
How has Extra Space Storage's gross profit changed year-over-year?
Extra Space Storage's gross profit increased by 3.6% year-over-year, from $596.42M to $617.72M.
What is the long-term trend for Extra Space Storage's gross profit?
Over 4 years (2021 to 2025), Extra Space Storage's gross profit has grown at a 19.4% compound annual growth rate (CAGR), from $1.21B to $2.46B.
What does gross profit mean?
The money left over from sales after paying for the direct cost of goods sold.