Income Statement - EQUITY RESIDENTIAL (EQR)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 3,101.08 | 2,980.11 | 2,873.96 | 2,735.18 | 2,464.00 | 2,571.71 | 2,700.69 | 2,577.68 | 2,471.41 | 2,425.80 | 2,744.97 | 2,614.75 | 2,387.70 | 1,747.50 | 1,985.12 | 1,992.18 | 1,944.89 | 2,103.20 | 2,038.08 | 1,990.44 |
| Cost of revenue | 1,664.74 | 1,094.57 | 694.65 | 982.58 | 948.79 | 916.39 | 908.33 | 879.63 | 826.27 | 806.23 | 905.17 | 883.56 | 834.23 | 625.51 | 1,372.53 | 1,462.75 | 1,362.60 | 1,435.24 | 1,421.56 | 1,394.83 |
| Gross profit | 1,436.34 | 1,885.54 | 2,179.31 | 1,752.60 | 1,515.21 | 1,655.32 | 1,792.36 | 1,698.05 | 1,645.14 | 1,619.58 | 1,839.80 | 1,731.18 | 1,553.47 | 1,122.00 | 612.60 | 529.43 | 582.28 | 667.97 | 616.53 | 595.61 |
| Total operating expenses | 309.84 | 61.65 | 60.72 | 58.71 | -160.64 | 337.33 | 436.20 | 583.43 | 640.61 | 763.49 | 830.56 | 809.54 | 1,041.15 | 485.71 | 43.61 | 688.58 | 628.79 | 697.65 | 921.25 | 1,336.98 |
| Operating income | 1,126.50 | 1,823.89 | 1,160.59 | 1,693.89 | 1,675.84 | 1,317.99 | 1,356.16 | 1,114.62 | 1,004.53 | 856.09 | 1,009.24 | 921.64 | 512.32 | 514.09 | 406.51 | 15.36 | 59.02 | 139.63 | 85.04 | 110.89 |
| Non-operating income (net) | 32.04 | -751.66 | -285.57 | -885.99 | -278.21 | -354.64 | -348.73 | -428.55 | -375.67 | 3,625.11 | -100.70 | -263.15 | -679.33 | -353.28 | -326.00 | -61.57 | -38.87 | -94.88 | 5.99 | -3.50 |
| Income before tax | 1,158.54 | 1,072.23 | 875.01 | 807.90 | 1,397.63 | 963.35 | 1,007.43 | 686.07 | 628.86 | 4,481.20 | 908.54 | 658.50 | -167.01 | 160.81 | 80.51 | -46.22 | 20.15 | 44.74 | 91.03 | 107.39 |
| Income tax expense | 6.58 | 1.26 | 39.58 | 0.90 | 0.92 | 0.85 | -2.28 | 0.88 | 0.48 | 1.61 | 0.92 | 1.39 | 1.17 | 0.54 | 0.73 | 0.33 | 2.81 | 5.29 | 2.52 | -1,072.84 |
| Net income | 1,120.09 | 1,035.83 | 835.44 | 776.91 | 1,332.85 | 913.64 | 970.38 | 657.54 | 603.45 | 4,292.16 | 870.12 | 631.31 | 1,830.61 | 841.72 | 893.59 | 283.61 | 362.27 | 420.09 | 989.62 | 1,072.84 |
Show Quarterly Income Statement
Income Statement - EQUITY RESIDENTIAL (EQR)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 779.85 | 789.03 | 782.41 | 768.83 | 760.81 | 766.78 | 748.35 | 734.16 | 730.82 | 727.50 | 724.07 | 717.31 | 705.09 | 699.70 | 695.10 | 687.03 | 653.35 | 645.13 | 623.21 | 598.06 | 597.60 | 613.44 | 622.43 | 653.53 | 682.31 | 683.90 | 685.12 | 669.37 | 662.49 | 652.74 | 652.87 | 639.81 | 633.02 | 630.70 | 624.12 | 612.48 | 604.10 | 605.49 | 606.07 | 595.15 | 619.08 | 703.19 | 696.29 | 679.11 | 666.37 | 664.66 | 664.08 | 652.57 | 633.44 | 639.13 | 626.63 | 617.22 | 504.72 | 444.74 | 451.70 | 543.78 | 527.66 | 512.38 | 511.96 | 424.31 | 446.87 | 470.62 | 453.96 | 510.94 | 488.69 | 464.40 | 459.02 | 471.41 | 515.14 | 528.99 | 538.32 | 535.53 | 502.64 | 513.79 | 501.10 | 491.56 | 475.85 | 463.65 | 513.87 | 491.94 | 520.98 |
| Cost of revenue | 301.82 | 803.27 | 286.54 | 283.39 | 291.54 | 277.38 | 272.59 | 265.58 | 279.02 | 252.14 | 260.11 | 258.53 | 275.71 | 231.37 | 250.14 | 244.76 | 256.31 | 235.39 | 237.14 | 229.60 | 246.65 | 223.50 | 228.53 | 223.10 | 241.26 | 226.69 | 224.45 | 224.28 | 232.91 | 219.19 | 220.18 | 216.71 | 223.56 | 201.60 | 209.67 | 208.41 | 206.59 | 193.58 | 205.08 | 194.71 | 212.86 | 221.06 | 227.44 | 222.92 | 233.76 | 211.39 | 220.37 | 220.37 | 231.44 | 217.53 | 215.09 | 213.85 | 187.76 | 150.47 | 159.35 | 192.34 | 193.08 | 177.14 | 186.21 | 181.57 | 207.71 | 184.70 | 215.59 | 202.88 | 207.05 | 182.10 | 55.74 | 53.82 | 210.52 | 217.46 | 55.21 | 54.61 | 292.15 | 39.56 | -114.28 | -112.43 | -108.75 | 199.58 | 51.53 | 49.35 | -100.88 |
| Gross profit | 478.02 | -14.23 | 495.87 | 485.44 | 469.27 | 489.40 | 475.76 | 468.58 | 451.80 | 475.37 | 463.95 | 458.78 | 429.37 | 468.33 | 444.96 | 442.27 | 397.04 | 409.74 | 386.06 | 368.46 | 350.95 | 389.94 | 393.90 | 430.43 | 441.05 | 457.20 | 460.67 | 445.10 | 429.59 | 433.56 | 432.69 | 423.10 | 409.46 | 429.10 | 414.45 | 404.07 | 397.51 | 411.91 | 401.00 | 400.44 | 406.23 | 482.14 | 468.85 | 456.20 | 432.61 | 453.27 | 443.71 | 432.20 | 402.00 | 421.61 | 411.54 | 403.37 | 316.96 | 294.27 | 292.35 | 351.44 | 334.58 | 335.24 | 314.63 | 305.22 | 285.84 | 285.92 | 273.80 | 273.12 | 260.87 | 282.30 | 275.19 | 290.01 | 304.62 | 289.09 | 483.11 | 480.91 | 208.22 | 328.52 | 496.02 | 498.46 | 489.20 | 418.02 | 462.34 | 442.59 | 572.66 |
| Total operating expenses | 264.36 | -237.16 | 269.32 | 259.42 | 18.26 | 12.75 | 14.55 | 18.63 | 15.72 | 11.58 | 14.09 | 18.88 | 16.17 | 225.97 | 30.95 | 132.33 | 247.30 | -232.15 | -135.49 | -8.39 | 215.39 | 33.33 | 211.49 | 73.55 | 18.96 | 48.28 | 92.33 | 75.98 | 219.62 | 214.27 | 93.29 | 205.50 | 70.37 | 214.34 | 196.67 | 193.52 | 193.14 | 187.84 | 191.63 | 194.42 | 189.60 | 195.08 | 211.26 | 209.94 | 214.28 | 202.74 | 200.44 | 203.89 | 202.74 | 197.90 | 291.14 | 334.58 | 280.80 | 75.41 | 83.49 | 158.83 | 188.43 | 176.07 | 169.81 | 170.00 | 179.40 | 210.69 | 184.57 | 186.53 | 163.04 | 153.68 | 9.88 | 10.20 | 160.44 | 10.85 | 9.85 | 11.77 | 12.48 | 359.20 | 13.14 | 11.55 | 9.97 | 10.62 | 14.45 | 9.58 | 336.22 |
| Operating income | 213.66 | 222.92 | 226.55 | 226.02 | 451.01 | 476.65 | 461.21 | 449.95 | 436.08 | 463.78 | 449.86 | 439.90 | 413.21 | 242.36 | 414.01 | 309.93 | 149.74 | 641.88 | 521.55 | 376.84 | 135.56 | 356.61 | 182.41 | 356.89 | 422.09 | 408.93 | 368.34 | 369.12 | 209.97 | 219.28 | 339.40 | 217.60 | 339.08 | 214.76 | 217.79 | 210.55 | 204.37 | 224.07 | 209.37 | 206.02 | 216.63 | 287.06 | 257.59 | 246.26 | 218.33 | 250.53 | 243.27 | 228.31 | 199.26 | 223.70 | 120.40 | 63.98 | 104.25 | 145.68 | 142.93 | 128.56 | 218.30 | 159.17 | 144.81 | 139.86 | 115.95 | 72.46 | 105.26 | 121.53 | 108.71 | 128.62 | 128.66 | 126.94 | 132.39 | 30.84 | 156.57 | 165.86 | 146.85 | 136.05 | 145.98 | 148.45 | 135.34 | 90.02 | 140.78 | 140.32 | 142.02 |
| Non-operating income (net) | -118.10 | 168.94 | 70.72 | -21.82 | -185.79 | -42.44 | -312.40 | -266.07 | -130.75 | -141.26 | -268.32 | -294.71 | -192.84 | -76.83 | -78.69 | -76.97 | -75.66 | -80.67 | -73.94 | -48.56 | -75.04 | -93.27 | -86.78 | -85.22 | -89.36 | -110.65 | -90.23 | -47.57 | -100.47 | -96.78 | -115.28 | -98.92 | -118.32 | -84.91 | -73.36 | -6.17 | -54.17 | 78.34 | 8.30 | 22.76 | 3,515.71 | -73.17 | -51.89 | 52.58 | -28.22 | -23.33 | -11.76 | -110.45 | -117.34 | -154.72 | -133.37 | -122.06 | -269.18 | -47.57 | -50.53 | -25.85 | -231.55 | -123.02 | -114.31 | -117.40 | -108.03 | 222.34 | 250.98 | -116.89 | 246.88 | -149.35 | -119.18 | -103.50 | -109.34 | 270.75 | 21.67 | -33.25 | -6.37 | -12.77 | 311.73 | 133.95 | -9.10 | 375.04 | -70.97 | 19.84 | 235.80 |
| Income before tax | 95.57 | 391.86 | 297.26 | 204.20 | 265.22 | 434.20 | 148.81 | 183.89 | 305.34 | 322.53 | 181.54 | 145.20 | 220.37 | 165.53 | 335.32 | 232.97 | 74.08 | 561.21 | 447.62 | 328.28 | 60.52 | 263.33 | 95.63 | 271.67 | 332.72 | 298.28 | 278.11 | 321.55 | 109.50 | 122.50 | 224.13 | 118.68 | 220.76 | 129.85 | 144.42 | 204.38 | 150.20 | 302.41 | 217.67 | 228.78 | 3,732.34 | 213.89 | 205.70 | 298.83 | 190.11 | 227.21 | 231.51 | 117.86 | 81.92 | 68.99 | -12.97 | -58.08 | -164.93 | 98.11 | 92.40 | 102.71 | -13.26 | 36.15 | 30.50 | 22.46 | 7.92 | 294.79 | 356.24 | 4.64 | 355.58 | -20.73 | 9.48 | 23.45 | 23.05 | 301.58 | 178.24 | 132.61 | 140.48 | 123.28 | 457.71 | 282.40 | 126.24 | 465.06 | 69.81 | 160.16 | 377.82 |
| Income tax expense | 2.46 | 0.36 | 0.40 | 5.40 | 0.42 | 0.33 | 0.29 | 0.33 | 0.30 | 0.26 | 0.26 | 0.34 | 0.30 | 0.18 | 0.15 | 0.29 | 0.28 | 0.24 | 0.28 | 0.24 | 0.15 | 0.35 | 0.26 | 0.19 | 0.05 | -3.03 | 0.27 | 0.25 | 0.24 | 0.11 | 0.28 | 0.27 | 0.21 | -0.23 | 0.23 | 0.22 | 0.26 | 0.42 | 0.43 | 0.41 | 0.35 | 0.22 | 0.33 | 0.33 | 0.04 | 0.25 | 0.26 | 0.65 | 0.24 | -0.16 | 0.49 | 0.43 | 0.41 | -0.09 | 0.22 | 0.21 | 0.17 | 0.06 | 0.28 | 0.20 | 0.19 | 0.02 | 0.29 | -5.32 | 0.17 | -0.04 | 0.46 | 0.26 | 2.13 | -5.84 | 1.42 | 1.73 | 3.00 | -123.28 | 0.77 | 0.10 | 0.60 | -465.06 | -69.81 | -160.16 | -377.82 |
| Net income | 90.08 | 382.09 | 289.05 | 192.36 | 256.59 | 419.12 | 143.45 | 177.48 | 295.79 | 311.69 | 172.51 | 139.20 | 212.04 | 159.02 | 323.03 | 224.10 | 70.77 | 526.97 | 431.95 | 316.39 | 57.54 | 252.86 | 91.29 | 260.89 | 308.61 | 289.76 | 267.11 | 308.97 | 104.54 | 117.19 | 214.94 | 113.60 | 211.81 | 125.44 | 138.23 | 196.04 | 143.74 | 277.25 | 208.32 | 218.84 | 3,587.76 | 204.49 | 196.69 | 286.42 | 182.52 | 217.74 | 221.74 | 112.69 | 79.14 | 110.98 | 377.19 | 324.76 | 1,017.69 | 367.02 | 226.14 | 103.26 | 145.30 | 102.48 | 107.85 | 555.92 | 127.33 | 189.38 | 28.78 | 9.96 | 55.48 | 45.29 | 135.98 | 105.93 | 80.80 | -31.24 | 178.24 | 132.61 | 140.48 | 123.28 | 457.71 | 282.40 | 126.24 | 465.06 | 69.81 | 160.16 | 377.82 |