Equity Residential (EQR) Earnings History
Steady Earner33 years of earnings data (1993–2025) · Positive but moderate multi-year EPS trajectory
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Equity Residential (EQR) Earnings Overview
As of June 21, 2026, Equity Residential (EQR) reported trailing twelve-month net income of $954M, reflecting +7.0% year-over-year growth. The company earned $2.48 per diluted share over the past four quarters, with a net profit margin of 36.1%.
Looking at the long-term picture, EQR's 5-year EPS compound annual growth rate (CAGR) stands at +5.1%, showing solid earnings momentum. The company achieved its highest annual net income of $4.29B in fiscal 2016.
Equity Residential maintains industry-leading profitability with a gross margin of 46.3%, operating margin of 36.3%, and net margin of 36.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AVB ($1.05B net income, 34.6% margin), ESS ($576M net income, 35.4% margin), UDR ($491M net income, 22.1% margin), EQR has outperformed on profitability metrics. Compare EQR vs AVB →
EQR Earnings vs Peers
Earnings metrics vs comparable public companies
EQR Historical Earnings Data (1993–2025)
33 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.12B | +8.1% | $1.13B | $2.91 | 36.1% | 36.3% |
| 2024 | $1.04B | +24.0% | $1.82B | $2.72 | 34.8% | 61.2% |
| 2023 | $835M | +7.5% | $1.77B | $2.13 | 29.1% | 61.5% |
| 2022 | $777M | -41.7% | $1.69B | $2.05 | 28.4% | 61.9% |
| 2021 | $1.33B | +45.9% | $1.68B | $3.54 | 54.1% | 68.0% |
| 2020 | $914M | -5.8% | $1.32B | $2.27 | 35.5% | 51.2% |
| 2019 | $970M | +47.6% | $1.36B | $2.50 | 35.9% | 50.2% |
| 2018 | $658M | +9.0% | $1.11B | $1.71 | 25.5% | 43.2% |
| 2017 | $603M | -85.9% | $1.00B | $1.58 | 24.4% | 40.6% |
| 2016 | $4.29B | +393.3% | $856M | $11.24 | 176.9% | 35.3% |
| 2015 | $870M | +37.8% | $1.01B | $2.29 | 31.7% | 36.8% |
| 2014 | $631M | -65.5% | $922M | $1.67 | 24.1% | 35.2% |
| 2013 | $1.83B | +117.5% | $512M | $5.17 | 76.7% | 21.5% |
| 2012 | $842M | -5.8% | $514M | $2.63 | 48.2% | 29.4% |
| 2011 | $894M | +215.1% | $0 | $3.03 | 45.0% | 0.0% |
| 2010 | $284M | -21.7% | $15M | $1.00 | 14.2% | 0.8% |
| 2009 | $362M | -13.8% | $59M | $1.32 | 18.6% | 3.0% |
| 2008 | $420M | -57.6% | $140M | $1.56 | 20.0% | 6.6% |
| 2007 | $990M | -7.8% | $85M | $3.27 | 48.6% | 4.2% |
| 2006 | $1.07B | +24.5% | $111M | $3.40 | 53.9% | 5.6% |
| 2005 | $862M | +82.5% | $121M | $2.77 | 44.1% | 6.2% |
| 2004 | $472M | -13.2% | $171M | $1.69 | 26.9% | 9.8% |
| 2003 | $544M | +29.1% | $568M | $2.00 | 29.8% | 31.1% |
| 2002 | $421M | -11.0% | $672M | $1.41 | 21.1% | 33.7% |
| 2001 | $474M | -13.8% | $1.41B | $1.60 | 21.8% | 65.0% |
| 2000 | $549M | +39.5% | $769M | $1.92 | 27.1% | 37.9% |
| 1999 | $394M | +52.5% | $672M | $1.45 | 26.1% | 44.5% |
| 1998 | $258M | +46.2% | $504M | $1.15 | 19.3% | 37.7% |
| 1997 | $177M | +73.8% | $300M | $1.32 | 23.6% | 40.1% |
| 1996 | $102M | +50.1% | $183M | $1.19 | 21.2% | 38.2% |
| 1995 | $68M | +96.8% | $655M | $0.98 | 16.4% | 158.8% |
| 1994 | $34M | +463.9% | $373M | $0.67 | 14.9% | 161.4% |
| 1993 | $6M | - | $186M | $0.21 | 5.4% | 163.4% |
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EQR — Frequently Asked Questions
Quick answers to the most common questions about buying EQR stock.
What is EQR earnings per share (EPS)?
EQR trailing twelve-month (TTM) diluted EPS is $2.48, reflecting +7.0% year-over-year growth. The 5-year EPS CAGR is +5.1%. Complete EPS history from 1993 to 2025 is available in the table on this page.
What is Equity Residential's net income?
Equity Residential (EQR) trailing twelve-month net income is $954M as of 2025. Earnings grew +7.0% year-over-year. Equity Residential has been profitable for 33 consecutive years.
Is EQR profitable?
Yes, EQR is profitable with a TTM net income of $954M and a net profit margin of +36.1%. Equity Residential has generated profits for 33 consecutive years.
What is EQR's earnings growth rate?
EQR compound annual EPS growth rates (CAGR): 1-Year: +7.0%, 3-Year: +12.4%, 5-Year: +5.1%, 10-Year: +2.4%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1993 to 2025.
What are EQR's profit margins?
Equity Residential net profit margin is +36.1%, operating margin is +36.3%, and gross margin is +46.3%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +9.7%.
Is EQR growing earnings?
EQR is growing earnings steadily. YoY EPS growth of +7.0% is consistent with the 5-year CAGR of +5.1%. TTM net income is $954M.
What was EQR's best earnings year?
Equity Residential's highest annual net income on record is $4.3B, achieved in fiscal year 2016. Earnings history on this page spans 1993 to 2025 and includes all annual and quarterly figures.
What were EQR's earnings last quarter?
EQR's most recent reported quarter was Q1 2026. Net income was $90M with diluted EPS of $0.24. For a full breakdown of all quarters, see the quarterly earnings table on this page.