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Simon Property Group (SPG) operating margin by quarter

Simon Property Group's operating margin was 44.3% in Q3 2026 (third quarter 2026), -1.7 pts from Q2 2026. Over the last 7 quarters it ranged from 43.4% (Q1 2026) to 50.8% (Q3 2025).

Simon Property Group operating margin by quarterSimon Property Group operating margin by quarter49.4%Q1 202549.7%Q2 202550.8%Q3 202549.7%Q4 202543.4%Q1 202646.0%Q2 202644.3%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202644.3%-1.7 pts-6.4 pts
Q2 202646.0%+2.6 pts-3.6 pts
Q1 202643.4%-6.3 pts-6.0 pts
Q4 202549.7%-1.0 pts—
Q3 202550.8%+1.1 pts—
Q2 202549.7%+0.3 pts—
Q1 202549.4%——

Q3 2026 at a glance

Simon Property Group, Q3 2026: revenue $1.8B (+13% year over year), operating margin 44.3%, net earnings $499M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.

Questions

What is Simon Property Group's operating margin?

Simon Property Group's operating margin was 44.3% in Q3 2026 (third quarter 2026), -1.7 pts from Q2 2026.

How has Simon Property Group's operating margin changed?

Over the last 7 quarters it ranged from 43.4% (Q1 2026) to 50.8% (Q3 2025).

Q3 2026 results → · How Simon Property Group makes money →