Filing Flows › Simon Property Group (SPG) › Q2 2026 › vs Q2 2025
Simon Property Group (SPG) Q2 2026 vs Q2 2025 (year over year)
Simon Property Group's revenue rose $292M (+19%) from $1.5B in Q2 2025 to $1.8B in Q2 2026. Operating margin 46.0% against 49.7% (-3.6 pts).
Simon Property Group, Q2 2026: revenue $1.8B (+20% year over year), operating margin 46.0%, net earnings $483M, operating cash flow $1.2B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 46.0% | 49.7% | -3.6 pts |
| Net margin | 27.0% | 37.1% | -10.1 pts |
| Free cash flow margin | 53.5% | 64.8% | -11.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.8B | $1.5B | $292M | +19% |
| Operating profit | $824M | $744M | $79.9M | +11% |
| Costs & expenses | $966M | $754M | $212M | +28% |
| Pre-tax earnings | $574M | $644M | −$69.6M | -11% |
| Other expense, net | $250M | $101M | $149M | +149% |
| Sales & marketing | $39.1M | $36.3M | $2.7M | +8% |
| General & admin | $12.0M | $14.3M | −$2.3M | -16% |
| Other operating costs | $915M | $704M | $212M | +30% |
| Net earnings | $483M | $556M | −$73.0M | -13% |
| Minority interests | $91.0M | $87.5M | $3.4M | +4% |
| Depreciation & amortization | $460M | $339M | $121M | +36% |
| Working capital & other | $253M | $320M | −$67.6M | -21% |
| Operating cash flow | $1.2B | $1.2B | −$19.8M | -2% |
| Free cash flow (OCF − capex) | $959M | $971M | −$12.6M | -1% |
| Capital expenditures | $237M | $244M | −$7.1M | -3% |
Questions
How much did Simon Property Group's revenue grow year over year in Q2 2026?
Simon Property Group's revenue rose $292M (+19%) from $1.5B in Q2 2025 to $1.8B in Q2 2026. Operating margin 46.0% against 49.7% (-3.6 pts).