Public Storage annual operating expenses
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2025
Public Storage Operating Expenses Growth & History (PSA)
Public Storage's operating expenses was $2.89B for fiscal 2025.
View full Public Storage company overviewPublic Storage annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.89B | $95.2M | +3.40% |
| 2024 | 2024-12-31 | $2.80B | $371.1M | +15.30% |
| 2023 | 2023-12-31 | $2.43B | $248.4M | +11.41% |
| 2022 | 2022-12-31 | $2.18B | $364.1M | +20.08% |
| 2021 | 2021-12-31 | $1.81B | $253.5M | +16.25% |
| 2020 | 2020-12-31 | $1.56B | $126.3M | +8.81% |
| 2019 | 2019-12-31 | $1.43B | $55.9M | +4.05% |
| 2018 | 2018-12-31 | $1.38B | $132.6M | +10.65% |
| 2017 | 2017-12-31 | $1.25B | $55.1M | +4.63% |
| 2016 | 2016-12-31 | $1.19B | $40.6M | +3.53% |
| 2015 | 2015-12-31 | $1.15B | $27.8M | +2.48% |
| 2014 | 2014-12-31 | $1.12B | $108.1M | +10.66% |
| 2013 | 2013-12-31 | $1.01B | — | — |
Public Storage quarterly operating expenses
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $766.2M | $65.1M | +9.29% |
| Q1 2026 | 2026-03-31 | $743.5M | $24.3M | +3.38% |
| Q4 2025 | 2025-12-31 | $739.7M | $37.0M | +5.27% |
| Q3 2025 | 2025-09-30 | $732.5M | $27.5M | +3.90% |
| Q2 2025 | 2025-06-30 | $701.1M | $14.0M | +2.04% |
| Q1 2025 | 2025-03-31 | $719.2M | $16.7M | +2.37% |
| Q4 2024 | 2024-12-31 | $702.7M | $19.8M | +2.90% |
| Q3 2024 | 2024-09-30 | $705.0M | $93.2M | +15.23% |
| Q2 2024 | 2024-06-30 | $687.1M | $124.1M | +22.04% |
| Q1 2024 | 2024-03-31 | $702.5M | $134.0M | +23.58% |
| Q4 2023 | 2023-12-31 | $682.9M | $141.5M | +26.15% |
| Q3 2023 | 2023-09-30 | $611.8M | $50.4M | +8.98% |
| Q2 2023 | 2023-06-30 | $563.0M | $27.3M | +5.10% |
| Q1 2023 | 2023-03-31 | $568.5M | $29.2M | +5.41% |
| Q4 2022 | 2022-12-31 | $541.4M | $59.5M | +12.35% |
| Q3 2022 | 2022-09-30 | $561.4M | $80.7M | +16.79% |
| Q2 2022 | 2022-06-30 | $535.7M | $94.6M | +21.46% |
| Q1 2022 | 2022-03-31 | $539.3M | $129.2M | +31.51% |
| Q4 2021 | 2021-12-31 | $481.8M | $110.1M | +29.61% |
| Q3 2021 | 2021-09-30 | $480.7M | $85.5M | +21.63% |
| Q2 2021 | 2021-06-30 | $441.0M | $39.9M | +9.94% |
| Q1 2021 | 2021-03-31 | $410.1M | $18.0M | +4.60% |
| Q4 2020 | 2020-12-31 | $371.8M | $24.8M | +7.15% |
| Q3 2020 | 2020-09-30 | $395.2M | $24.2M | +6.53% |
| Q2 2020 | 2020-06-30 | $401.2M | $39.0M | +10.78% |
| Q1 2020 | 2020-03-31 | $392.1M | $38.3M | +10.82% |
| Q4 2019 | 2019-12-31 | $347.0M | $871,000 | +0.25% |
| Q3 2019 | 2019-09-30 | $371.0M | $23.5M | +6.77% |
| Q2 2019 | 2019-06-30 | $362.1M | $20.0M | +5.86% |
| Q1 2019 | 2019-03-31 | $353.8M | $11.5M | +3.35% |
| Q4 2018 | 2018-12-31 | $346.1M | $53.6M | +18.31% |
| Q3 2018 | 2018-09-30 | $347.5M | $21.2M | +6.51% |
| Q2 2018 | 2018-06-30 | $342.1M | $34.3M | +11.16% |
| Q1 2018 | 2018-03-31 | $342.3M | $23.5M | +7.36% |
| Q4 2017 | 2017-12-31 | $292.5M | $11.3M | +4.01% |
| Q3 2017 | 2017-09-30 | $326.3M | $16.1M | +5.17% |
| Q2 2017 | 2017-06-30 | $307.7M | $10.4M | +3.50% |
| Q1 2017 | 2017-03-31 | $318.9M | $17.4M | +5.77% |
| Q4 2016 | 2016-12-31 | $281.3M | $17.8M | +6.75% |
| Q3 2016 | 2016-09-30 | $310.2M | $15.9M | +5.39% |
| Q2 2016 | 2016-06-30 | $297.3M | $8.8M | +3.04% |
| Q1 2016 | 2016-03-31 | $301.5M | −$1.9M | −0.61% |
| Q4 2015 | 2015-12-31 | $263.5M | −$327.5M | −55.42% |
| Q3 2015 | 2015-09-30 | $294.3M | $6.8M | +2.37% |
| Q2 2015 | 2015-06-30 | $288.6M | $170.0M | +143.32% |
| Q1 2015 | 2015-03-31 | $303.3M | $178.5M | +143.05% |
| Q4 2014 | 2014-12-31 | $591.0M | — | — |
| Q3 2014 | 2014-09-30 | $287.5M | — | — |
| Q2 2014 | 2014-06-30 | $118.6M | — | — |
| Q1 2014 | 2014-03-31 | $124.8M | — | — |
| Q4 2011 | 2011-12-31 | $120.7M | $3.9M | +3.33% |
| Q3 2011 | 2011-09-30 | $138.8M | $4.3M | +3.16% |
| Q2 2011 | 2011-06-30 | $139.3M | $2.2M | +1.57% |
| Q1 2011 | 2011-03-31 | $144.2M | $3.5M | +2.51% |
| Q4 2010 | 2010-12-31 | $116.8M | — | — |
| Q3 2010 | 2010-09-30 | $134.5M | — | — |
| Q2 2010 | 2010-06-30 | $137.2M | — | — |
| Q1 2010 | 2010-03-31 | $140.7M | — | — |
Public Storage operating expenses trends
Over the last five fiscal years, Public Storage's operating expenses increased from $1.56B to $2.89B, a change of $1.33B. The latest reported quarter, Q2 2026, shows $766.2M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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