How Extra Space Storage makes money

Period

FY2025

How does Extra Space Storage make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Extra Space Storage Inc · FY2025 · year ended 2025-12-31

Revenue$3.4BGross profit$2.5B · 73%Cost of revenue$918M · 27%Operating income$1.4B · 42%Operating expenses$1.0B · 31%SG&A$186M · 6%Other opex$860M · 25%Pre-tax income$1.0B · 30%Other expense$397M · 12%Net income$974M · 29%Income tax$42M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.