Pre-tax margin is the percentage of revenue left as profit after every expense except income tax. It is income before income tax divided by revenue, and the table shows both amounts beside the percentage. It sits between operating margin and net margin: it includes interest and other non-operating items but not the tax charge, so the gap down to net margin is the tax burden. Quarterly and annual points each use the amounts filed for that same period, so a single quarter can swing with the seasons.
Public Storage pre-tax margin for the quarter ending 2026-06-30 was 41.01%, a 35.09% increase year-over-year.
Public Storage pre-tax margin for the quarter ending 2026-03-31 was 43.60%, a 25.15% increase year-over-year.
Public Storage pre-tax margin for the quarter ending 2025-12-31 was 40.74%, a 22.25% decline year-over-year.
Public Storage pre-tax margin for the quarter ending 2025-09-30 was 42.29%, a 15.29% increase year-over-year.
Public Storage pre-tax margin for fiscal 2025 was 37.10%, a 16.61% decline from fiscal 2024.
Public Storage pre-tax margin for fiscal 2024 was 44.49%, a 7.42% decline from fiscal 2023.
Public Storage pre-tax margin for fiscal 2023 was 48.05%, a 54.12% decline from fiscal 2022.
Public Storage pre-tax margin for fiscal 2022 was 104.74%, a 81.43% increase from fiscal 2021.