BXP profit margin BXP
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 8.4%
- Net margin on a year earlier
- +8.3 pts
- Peer median
- 31.7%
Over the twelve months to Jun 30, 2026, BXP kept 8.4% of its revenue as net profit and a gross margin of 98.5%.
Five years earlier its net margin was 11.3%.
The median for 10 specialty REITs of a similar size is 31.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Gross margin |
|---|---|---|
| FY2025 | 7.9% | 98.5% |
| FY2024 | 0.4% | 98.5% |
| FY2023 | 5.8% | 98.5% |
| FY2022 | 27.3% | 98.6% |
| FY2021 | 17.5% | 99.1% |
| FY2020 | 31.5% | 99.1% |
| FY2019 | 17.6% | 98.5% |
| FY2018 | 21.5% | 98.5% |
| FY2017 | 17.8% | n/a |
| FY2016 | 20.1% | n/a |
| FY2015 | 23.4% | n/a |
| FY2014 | 18.5% | n/a |
| FY2013 | 35.1% | n/a |
| FY2012 | 15.7% | n/a |
| FY2011 | 15.6% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 8.4% | +8.3 pts | |
| Q1 FY26 | 9.1% | +9.2 pts | |
| Q4 FY25 | 7.9% | +7.5 pts | |
| Q3 FY25 | −5.8% | −16.5 pts | |
| Q2 FY25 | 0.1% | −4.9 pts | |
| Q1 FY25 | −0.1% | −5.9 pts | |
| Q4 FY24 | 0.4% | −5.4 pts | |
| Q3 FY24 | 10.7% | +4.8 pts | |
| Q2 FY24 | 5.0% | −15.8 pts | |
| Q1 FY24 | 5.8% | −19.0 pts | |
| Q4 FY23 | 5.8% | −21.5 pts | |
| Q3 FY23 | 5.9% | −23.9 pts |
Against its peers
Companies in REIT - Specialty nearest BXP's size, closest first, today.
| Company | Profit margin |
|---|---|
| BXPBXP | 8.4% |
| CPTCamden Property Trust | n/m |
| FRTFederal Realty Investment Trust | 32.7% |
| AGNCAGNC Investment | n/m |
| EGPEastgroup Properties | 40.5% |
| CUBECubeSmart | 29.3% |
| CTRECareTrust REIT | 62.2% |
| BRXBrixmor Property | 30.8% |
| AMHAmerican Homes 4 Rent | 25.5% |
| GLPIGaming & Leisure Properties | 58.5% |
| UDRUDR | 30.4% |
| Peer median | 31.7% |
Where BXP ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on BXP
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.