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BXP · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 3.1% y/y to $896M, net margin 7.7% vs 10.2%, net income $68.6M (−22.9% y/y).
Net income attributable to BXP, Inc.
$68.6M
down 22.9% y/y
Total revenue
$896M
up 3.1% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Lease | $832 · +3.2% |
| Parking and other | $37.6 · +8.0% |
| Hotel revenue | $14.9 · +0.9% |
| Development and management services | $7.6 · −13.7% |
| Direct reimbursements of payroll and related costs from management services contracts | $3.9 · −4.9% |
| Total revenue | $896 · +3.1% |
| Rental | $336 · +1.2% |
| Hotel operating expenses | $9.4 · +0.0% |
| General and administrative | $50.4 · +18.6% |
| Payroll and related costs from management services contracts | $3.9 · −4.9% |
| Transaction costs | $0.1 · vs −$0.4 |
| Depreciation and amortization | $237 · +5.9% |
| Income (loss) from unconsolidated joint ventures | $2.4 · −26.4% |
| Gains on sales of real estate | $7 · −62.0% |
| Interest and other income (loss) | $6.1 · −23.9% |
| Gains from investments in securities | $4.4 · +68.7% |
| Unrealized gain (loss) on non-real estate investments | $0.1 · +92.3% |
| Impairment loss | $18 · vs $0 |
| Interest expense | $153 · −5.7% |
| Net income | $102 · −14.0% · 11.4% margin |
| Noncontrolling interests in property partnerships | $26.1 · +30.0% |
| Noncontrolling interest—common units of the Operating Partnership | $7.8 · −22.7% |
| Net income attributable to BXP, Inc. | $68.6 · −22.9% · $0.43/sh · 7.7% margin |
Verdict: revenue grew 3.1% y/y to $896M, net margin 7.7% vs 10.2%, net income $68.6M (−22.9% y/y).
Source and notation
Source: BXP press release, 8-K EX-99.1 of 07/28/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: BXP, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “BXP Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/bxp/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/bxp/q2-2026"><img src="https://whoreportstoday.com/t/bxp/q2-2026/sankey.png" alt="BXP Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/bxp/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/bxp/q2-2026">BXP Q2 2026 earnings chart (Who Reports Today)</a>
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- Net income was $68.6M, a 7.7% margin vs 10.2% a year earlier.
- Diluted EPS was $0.43 vs $0.56 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
BXP — a real estate investment trust that develops, owns and manages premier office buildings, along with some life science, residential and hotel properties, in Boston, Los Angeles, New York, San Francisco, Seattle and Washington, DC. It earns mainly rent; its segments are these six markets, with revenue split into Office, Residential and Hotel. · Source: annual report (Form 10-K, SEC)
Heads-up
- net income fell 23% y/y in Q2 2026
Net income for Q2 2026: $68.6M, −23% y/y. In the report's figures: costs grew faster than revenue: general and administrative +19% y/y, noncontrolling interests in property partnerships +30% y/y, unrealized gain (loss) on non-real estate investments +92% y/y. Based on the Q2 2026 report.
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