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How Simon Property Group (SPG) makes money
Simon Property Group (SPG) made $1.8B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Of every dollar of revenue, 44¢ was left as operating profit, 27¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.8B | 100.0% |
| Operating profit | $804M | 44.3% |
| Net earnings | $499M | 27.5% |
| Operating cash flow | $1.1B | 59.1% |
| Free cash flow | $822M | 45.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.8B | +13% |
| Q2 2026 | $1.8B | +20% |
| Q1 2026 | $1.8B | +19% |
| Q4 2025 | $1.8B | +13% |
| Q3 2025 | $1.6B | +8% |
| Q2 2025 | $1.5B | +3% |
| Q1 2025 | $1.5B | +2% |
From Simon Property Group's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Simon Property Group make money?
Simon Property Group (SPG) made $1.8B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Of every dollar of revenue, 44¢ was left as operating profit, 27¢ was left as net earnings.
What is Simon Property Group's profit margin?
Net earnings were $499M, 27.5% of revenue, in the third quarter 2026; the operating margin was 44.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.