Filing Flows › Simon Property Group (SPG) › Q2 2026
Simon Property Group (SPG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Simon Property Group (SPG) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), +19% from a year earlier and +2% from the quarter before. Operating margin was 46.0%, net earnings $483M (27.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +2% | +19% |
| Operating profit | $824M | +8% | +11% |
| Net earnings | $483M | +0.7% | -13% |
| Operating cash flow | $1.2B | +43% | -2% |
| Free cash flow | $959M | +53% | -1% |
What changed
Revenue was $1.8B in Q2 2026, up 19% year over year and up 2% from the previous quarter.
Operating profit was $0.82B, a 46.0% margin (down 3.6 points year over year). Of the extra revenue versus Q2 2025, 27% reached operating profit, below the 50% margin then. Total costs grew 28% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+30%). Net earnings were $0.48B, down 13% year over year. The effective tax rate was 0.0%.
Operating cash flow was $1.2B (down 2% year over year), 208% of net income including minority interests. Non-cash charges added back $0.46B of depreciation and amortization. Working capital and other items added $0.16B. Capital expenditures of $0.24B left free cash flow of $1.0B.
Questions
What was Simon Property Group's revenue in the second quarter 2026?
Simon Property Group (SPG) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), +19% from a year earlier and +2% from the quarter before.
Was Simon Property Group profitable in the second quarter 2026?
Operating profit was $824M (46.0% of revenue) and net earnings $483M.