Public Storage income statement & cash flow
In the fiscal year ended Dec 31, 2025, Public Storage reported net income of $1.78B on revenue of $4.82B. Operating cash flow was $3.19B.
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.56B | $2.67B | $2.76B | $2.86B | $2.92B | $3.42B | $4.18B | $4.52B | $4.70B | $4.82B |
| Gross profit | $1.89B | $1.96B | $2.01B | — | — | — | — | — | — | — |
| Operating income | $1.37B | $1.42B | — | — | — | — | — | — | — | — |
| Net income | $1.45B | $1.44B | $1.71B | $1.52B | $1.36B | $1.95B | $4.35B | $2.15B | $2.07B | $1.78B |
| Diluted EPS | $6.81 | $6.73 | $8.54 | $7.29 | $6.29 | $9.87 | $23.50 | $11.06 | $10.64 | $9.01 |
| Operating cash flow | $1.95B | $1.97B | $2.06B | $2.07B | $2.04B | $2.54B | $3.12B | $3.25B | $3.13B | $3.19B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | — | 37.0% |
| Dec 2024 | — | — | 44.1% |
| Dec 2023 | — | — | 47.6% |
| Dec 2022 | — | — | 104.0% |
| Dec 2021 | — | — | 57.2% |
Source: SEC EDGAR XBRL company facts for CIK 1393311 (raw data). Most recent filing in this dataset: 10-Q filed Oct 26, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.