Filing Flows › Simon Property Group (SPG) › Q3 2026
Simon Property Group (SPG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Simon Property Group (SPG) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), +13% from a year earlier and +1% from the quarter before. Operating margin was 44.3%, net earnings $499M (27.5% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +1% | +13% |
| Operating profit | $804M | -2% | -1% |
| Net earnings | $499M | +3% | -18% |
| Operating cash flow | $1.1B | -10% | +20% |
| Free cash flow | $822M | -14% | +20% |
What changed
Revenue was $1.8B in Q3 2026, up 13% year over year and up 1% from the previous quarter.
Operating profit was $0.80B, a 44.3% margin (down 6.4 points year over year). Operating profit fell $0.01B even though revenue rose $0.21B versus Q3 2025, so costs grew faster than sales. Total costs grew 28% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+31%). Net earnings were $0.50B, down 18% year over year. The effective tax rate was 0.0%.
Operating cash flow was $1.1B (up 20% year over year), 190% of net income including minority interests. Non-cash charges added back $0.51B of depreciation and amortization. Capital expenditures of $0.25B left free cash flow of $0.82B.
Questions
What was Simon Property Group's revenue in the third quarter 2026?
Simon Property Group (SPG) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), +13% from a year earlier and +1% from the quarter before.
Was Simon Property Group profitable in the third quarter 2026?
Operating profit was $804M (44.3% of revenue) and net earnings $499M.