Filing Flows › Simon Property Group (SPG) › Q3 2026 › vs Q3 2025
Simon Property Group (SPG) Q3 2026 vs Q3 2025 (year over year)
Simon Property Group's revenue rose $213M (+13%) from $1.6B in Q3 2025 to $1.8B in Q3 2026. Operating margin 44.3% against 50.8% (-6.4 pts).
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 draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 44.3% | 50.8% | -6.4 pts |
| Net margin | 27.5% | 37.8% | -10.4 pts |
| Free cash flow margin | 45.3% | 42.8% | +2.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.8B | $1.6B | $213M | +13% |
| Operating profit | $804M | $813M | −$8.5M | -1% |
| Costs & expenses | $1.0B | $789M | $221M | +28% |
| Pre-tax earnings | $565M | $703M | −$137M | -20% |
| Other expense, net | $239M | $110M | $129M | +117% |
| Sales & marketing | $35.9M | $38.6M | −$2.7M | -7% |
| General & admin | $11.2M | $16.1M | −$4.9M | -31% |
| Other operating costs | $963M | $734M | $229M | +31% |
| Net earnings | $499M | $606M | −$107M | -18% |
| Minority interests | $66.3M | $96.5M | −$30.2M | -31% |
| Depreciation & amortization | $511M | $339M | $172M | +51% |
| Working capital & other | $62.0M | −$54.6M | $117M | — |
| Operating cash flow | $1.1B | $890M | $181M | +20% |
| Free cash flow (OCF − capex) | $822M | $685M | $137M | +20% |
| Capital expenditures | $250M | $205M | $44.5M | +22% |
Questions
How much did Simon Property Group's revenue grow year over year in Q3 2026?
Simon Property Group's revenue rose $213M (+13%) from $1.6B in Q3 2025 to $1.8B in Q3 2026. Operating margin 44.3% against 50.8% (-6.4 pts).