Simon Property Group Inc. (SPG) reported $7.15B of revenue for the twelve months ended Sep 30, 2026. That is up 16.2% from the year before. Revenue for fiscal 2025 was $6.36B.

Yes. Simon Property Group Inc. earned $4.51B in net income for the twelve months ended Sep 30, 2026, a net margin of 63.0%.

How much cash and debt does SPG have?

Simon Property Group Inc. reported $569.94M in cash and cash equivalents and $28.42B of debt on its most recent balance sheet in SEC filings.

How fast is SPG revenue growing?

Simon Property Group Inc.'s revenue changed +6.7% in fiscal 2025, to $6.36B. Its compound annual growth rate was +6.7% over 5 years and +1.9% over 10 years.

What is SPG free cash flow?

Simon Property Group Inc. generated $3.35B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $4.30B less capital expenditures.

What is SPG earnings per share?

Diluted earnings per share were $13.86 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did SPG last report financial results?

The latest statements here come from Simon Property Group Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.

Where does this SPG financial data come from?

Quantisnow builds these statements from the structured XBRL data Simon Property Group Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · SPG

Simon Property Group Inc. (SPG) financials

For the twelve months ended Sep 30, 2026, Simon Property Group Inc. reported $7.15B of revenue and $4.51B of net income.

Revenue, TTM: $7.15B
Revenue growth, YoY: +16.2%
Net income, TTM: $4.51B
Net income growth, YoY: +101.0%
Net margin: 63.0%
Free cash flow, TTM: $3.35B
EPS, diluted, TTM: $13.86
EPS growth, YoY: +101.7%
Cash: $569.94M
Total debt: $28.42B
P/E: 16.39
P/S: 10.33
Market cap: $73.91B

Annual revenue$6.36B

FY2016FY2025

Annual net income$4.62B

FY2016FY2025

Annual free cash flow$3.20B

FY2016FY2025

SPG revenue and earnings growth

SPG revenueQ3 2026$1.81B

Quarter YoY: +13.3%
QoQ: +1.3%
FY YoY: +6.7%
5Y CAGR: +6.7%
10Y CAGR: +1.9%

SPG revenue was $1.81B in fiscal Q3 2026 (ended Sep 30, 2026), up 13.3% from a year earlier and up 1.3% from the prior quarter. For the full fiscal 2025 it was $6.36B, up 6.7% from fiscal 2024. Compound annual growth was +6.7% over 5 years and +1.9% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

SPG net incomeQ3 2026$498.96M

Quarter YoY: -17.7%
QoQ: +3.3%
FY YoY: +95.3%
5Y CAGR: +33.0%
10Y CAGR: +9.7%

SPG net income was $498.96M in fiscal Q3 2026 (ended Sep 30, 2026), down 17.7% from a year earlier and up 3.3% from the prior quarter. For the full fiscal 2025 it was $4.62B, up 95.3% from fiscal 2024. Compound annual growth was +33.0% over 5 years and +9.7% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

SPG EPSQ3 2026$1.54

Quarter YoY: -17.2%
QoQ: +3.4%
FY YoY: +95.2%
5Y CAGR: +31.6%
10Y CAGR: +9.2%

SPG diluted EPS was $1.54 in fiscal Q3 2026 (ended Sep 30, 2026), down 17.2% from a year earlier and up 3.4% from the prior quarter. For the full fiscal 2025 it was $14.17, up 95.2% from fiscal 2024. Compound annual growth was +31.6% over 5 years and +9.2% over 10 years.

SPG free cash flowQ3 2026$822.00M

Quarter YoY: +20.0%
QoQ: -14.3%
FY YoY: +4.7%
5Y CAGR: +11.7%
10Y CAGR: +4.8%

SPG free cash flow was $822.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 20.0% from a year earlier and down 14.3% from the prior quarter. For the full fiscal 2025 it was $3.20B, up 4.7% from fiscal 2024. Compound annual growth was +11.7% over 5 years and +4.8% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 12 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$6.36B	$5.96B	$5.66B	$5.29B	$5.12B	$4.61B	$5.76B	$5.65B	$5.53B	$5.44B
Selling, general and admin	$60.89M	$44.74M	$38.51M	$34.97M	$30.34M	$22.57M	$34.86M	$46.54M	$51.97M	$65.08M
Operating income	$3.18B	$3.09B	$2.81B	$2.58B	$2.41B	$1.97B	$2.91B	$2.93B	$2.80B	$2.72B
Interest expense	$974.84M	$905.80M	$854.65M	$761.25M	$795.71M	$784.40M	$789.35M	$815.92M	$809.39M	$857.55M
Income tax	$20.28M	$9.31M	$68.81M	-	-	-	-	-	-	-
Net income	$4.62B	$2.37B	$2.28B	$2.14B	$2.25B	$1.11B	$2.10B	$2.44B	$1.94B	$1.84B
EPS, basic	$14.17	$7.26	$6.98	$6.52	$6.84	$3.59	$6.81	$7.87	$6.24	$5.87
EPS, diluted	$14.17	$7.26	$6.98	$6.52	$6.84	$3.59	$6.81	$7.87	$6.24	$5.87
Diluted shares	326.4M	326.1M	326.8M	327.8M	328.6M	308.7M	308.0M	309.6M	311.5M	312.7M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$823.15M	$1.40B	$1.17B	$621.63M	$533.94M	$1.01B	$669.37M	$514.34M	$1.48B	$560.06M
Short-term investments	-	-	$1.00B	-	-	-	-	-	-	-
Goodwill	$20.10M	$20.10M	$20.10M	$20.10M	$20.10M	$20.10M	$20.10M	$20.10M	$20.10M	$20.10M
Total assets	$40.61B	$32.41B	$34.28B	$33.01B	$33.78B	$34.79B	$31.23B	$30.69B	$32.26B	$31.10B
Total debt	$28.43B	$24.26B	$26.03B	$24.96B	$25.32B	$26.72B	$24.16B	$23.31B	$24.63B	$22.98B
Total liabilities	$33.90B	$28.81B	$30.60B	$29.19B	$29.38B	$31.13B	$28.10B	$26.66B	$27.83B	$26.01B
Shareholders' equity	$5.21B	$3.41B	$3.49B	$3.61B	$3.85B	$3.47B	$2.91B	$3.80B	$4.24B	$4.96B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$4.14B	$3.81B	$3.93B	$3.77B	$3.64B	$2.33B	$3.81B	$3.75B	$3.59B	$3.37B
Capital expenditures	$934.35M	$755.58M	$793.28M	$650.02M	$527.93M	$484.12M	$876.01M	$781.91M	$732.10M	$798.47M
Free cash flow	$3.20B	$3.06B	$3.14B	$3.12B	$3.11B	$1.84B	$2.93B	$2.97B	$2.86B	$2.57B
Investing cash flow	-$1.60B	$1.41B	-$1.36B	-$626.56M	-$552.76M	-$3.98B	-$1.08B	-$236.51M	-$761.47M	-$969.03M
Financing cash flow	-$3.11B	-$4.99B	-$2.02B	-$3.05B	-$3.56B	$1.99B	-$2.58B	-$4.48B	-$1.91B	-$2.54B
Share repurchases	$226.83M	-	$140.59M	$180.39M	-	$152.59M	$359.77M	$354.11M	$407.00M	$255.27M
Depreciation and amortization	$1.43B	$1.27B	$1.26B	$1.23B	$1.26B	$1.32B	$1.34B	$1.28B	$1.28B	$1.25B

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	6.7%	5.4%	6.9%	3.4%	11.1%	-19.9%	1.9%	2.1%	1.7%	3.2%
Net income growth, YoY	95.3%	3.8%	6.7%	-4.9%	102.5%	-47.1%	-13.9%	25.3%	5.9%	0.6%
EPS growth, YoY	95.2%	4.0%	7.1%	-4.7%	90.5%	-47.3%	-13.5%	26.1%	6.3%	-0.2%
Operating margin	49.9%	51.9%	49.6%	48.8%	47.2%	42.8%	50.6%	51.8%	50.7%	50.1%
Net margin	72.7%	39.7%	40.3%	40.4%	43.9%	24.1%	36.5%	43.2%	35.2%	33.8%
Free cash flow margin	50.3%	51.3%	55.4%	58.9%	60.8%	40.0%	50.9%	52.6%	51.8%	47.4%
Return on equity	88.8%	69.3%	65.3%	59.1%	58.3%	31.9%	72.1%	64.2%	45.9%	37.0%
Return on assets	11.4%	7.3%	6.6%	6.5%	6.7%	3.2%	6.7%	7.9%	6.0%	5.9%
Debt to equity	5.46	7.11	7.46	6.91	6.57	7.70	8.30	6.14	5.81	4.63

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Revenue	$1.81B	$1.79B	$1.76B	$1.79B	$1.60B	$1.50B	$1.47B	$1.58B	$1.48B	$1.46B	$1.44B	$1.53B
Selling, general and admin	$11.16M	$12.00M	$54.30M	$17.87M	$16.09M	$14.30M	$12.63M	$15.60M	$9.17M	$10.84M	$9.13M	$10.28M
Operating income	$804.45M	$824.10M	$762.16M	$890.67M	$812.91M	$744.20M	$727.62M	$835.75M	$767.77M	$754.10M	$735.18M	$792.14M
Interest expense	$287.59M	$281.16M	$275.66M	$272.33M	$242.79M	$232.72M	$227.00M	$227.41M	$226.42M	$221.34M	$230.62M	$224.92M
Net income	$498.96M	$483.14M	$479.57M	$3.05B	$606.17M	$556.13M	$413.70M	$667.23M	$475.16M	$493.46M	$731.70M	$747.48M
EPS, basic	$1.54	$1.49	$1.48	$9.35	$1.86	$1.70	$1.27	$2.04	$1.46	$1.51	$2.25	$2.29
EPS, diluted	$1.54	$1.49	$1.48	$9.35	$1.86	$1.70	$1.27	$2.04	$1.46	$1.51	$2.25	$2.29
Diluted shares	323.4M	324.0M	325.0M	326.2M	326.5M	326.5M	326.3M	326.3M	326.2M	326.0M	325.9M	325.9M

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Cash and equivalents	$569.94M	$1.02B	$542.96M	$823.15M	$1.55B	$1.23B	$1.38B	$1.40B	$2.17B	$1.23B	$1.25B	$1.17B
Short-term investments	-	-	-	-	-	-	-	-	$300.00M	$1.30B	$1.30B	$1.00B
Goodwill	-	-	-	$20.10M	-	-	-	$20.10M	-	-	-	$20.10M
Total assets	$39.08B	$39.71B	$39.64B	$40.61B	$33.60B	$33.30B	$32.50B	$32.41B	$33.28B	$33.38B	$33.70B	$34.28B
Total debt	$28.42B	$28.70B	$28.25B	$28.43B	$25.79B	$25.40B	$24.75B	$24.26B	$25.42B	$25.29B	$25.52B	$26.03B
Total liabilities	$33.67B	$33.86B	$33.30B	$33.90B	$30.63B	$30.20B	$29.23B	$28.81B	$29.95B	$29.79B	$29.93B	$30.60B
Shareholders' equity	$4.09B	$5.57B	$6.07B	$5.21B	$2.73B	$2.85B	$3.03B	$3.41B	$3.14B	$3.40B	$3.58B	$3.49B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Operating cash flow	$1.07B	$1.20B	$833.38M	$1.20B	$890.26M	$1.22B	$827.22M	$1.09B	$892.85M	$1.06B	$773.10M	$1.04B
Capital expenditures	$249.68M	$236.89M	$208.40M	$254.90M	$205.22M	$244.02M	$230.20M	$217.87M	$186.37M	$188.37M	$162.97M	$178.29M
Free cash flow	$822.00M	$958.67M	$624.98M	$948.84M	$685.04M	$971.31M	$597.02M	$867.68M	$706.48M	$874.78M	$610.13M	$858.47M
Investing cash flow	-$209.33M	-$127.33M	-$106.46M	-$362.01M	-$150.27M	-$710.56M	-$377.87M	$8.82M	$811.34M	-$105.20M	$693.37M	-$870.58M
Financing cash flow	-$1.31B	-$592.10M	-$1.01B	-$1.57B	-$418.85M	-$653.35M	-$469.69M	-$1.86B	-$768.52M	-$974.62M	-$1.38B	$233.78M
Share repurchases	$236.51M	$160.73M	$175.28M	-	-	-	-	-	-	-	-	$34.98M
Depreciation and amortization	$510.77M	$459.88M	$458.90M	$420.68M	$338.64M	$339.06M	$328.05M	$327.59M	$320.37M	$310.02M	$307.37M	$320.26M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Revenue growth, YoY	13.3%	19.5%	19.3%	13.2%	8.2%	2.8%	2.1%	3.6%	4.9%	6.5%	6.8%	9.1%
Net income growth, YoY	-17.7%	-13.1%	15.9%	356.9%	27.6%	12.7%	-43.5%	-10.7%	-20.0%	1.5%	61.9%	10.9%
EPS growth, YoY	-17.2%	-12.4%	16.5%	358.3%	27.4%	12.6%	-43.6%	-10.9%	-19.8%	1.3%	63.0%	11.2%
Operating margin	44.3%	46.0%	43.4%	49.7%	50.8%	49.7%	49.4%	52.8%	51.9%	51.7%	51.0%	51.9%
Net margin	27.5%	27.0%	27.3%	170.2%	37.8%	37.1%	28.1%	42.2%	32.1%	33.8%	50.7%	48.9%
Free cash flow margin	45.3%	53.5%	35.6%	53.0%	42.8%	64.8%	40.5%	54.8%	47.7%	60.0%	42.3%	56.2%
Debt to equity	6.96	5.15	4.65	5.46	9.45	8.92	8.18	7.11	8.10	7.44	7.12	7.46

Source: XBRL data Simon Property Group Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SPG peers

Company	Revenue	Growth	Net income	Net margin	Market cap
SPG	$7.15B	+16.2%	$4.51B	63.0%	$73.91B
WELLWelltower Inc.	$13.79B	+39.2%	$1.67B	12.1%	$179.74B
PLDPrologis Inc.	$8.95B	+6.7%	$3.71B	41.5%	$120.67B
EQIXEquinix Inc.	$10.06B	+11.1%	$1.65B	16.4%	$100.25B
AMTAmerican Tower Corporation (REIT)	$11.01B	+5.3%	$3.31B	30.1%	$87.55B
DLRDigital Realty Trust Inc.	$6.34B	+12.6%	$1.38B	21.7%	$65.90B
PSAPublic Storage	$5.03B	+5.2%	$1.90B	37.8%	$63.05B
ORealty Income Corporation	$6.21B	+10.8%	$1.36B	21.8%	$56.15B
VMRKVivmark Residential	$3.13B	+2.8%	$875.36M	28.0%	$51.59B

SPG FAQ

8 questions

What is SPG revenue?
Simon Property Group Inc. (SPG) reported $7.15B of revenue for the twelve months ended Sep 30, 2026. That is up 16.2% from the year before. Revenue for fiscal 2025 was $6.36B.
Is SPG profitable?
Yes. Simon Property Group Inc. earned $4.51B in net income for the twelve months ended Sep 30, 2026, a net margin of 63.0%.
How much cash and debt does SPG have?
Simon Property Group Inc. reported $569.94M in cash and cash equivalents and $28.42B of debt on its most recent balance sheet in SEC filings.
How fast is SPG revenue growing?
Simon Property Group Inc.'s revenue changed +6.7% in fiscal 2025, to $6.36B. Its compound annual growth rate was +6.7% over 5 years and +1.9% over 10 years.
What is SPG free cash flow?
Simon Property Group Inc. generated $3.35B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $4.30B less capital expenditures.
What is SPG earnings per share?
Diluted earnings per share were $13.86 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did SPG last report financial results?
The latest statements here come from Simon Property Group Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
Where does this SPG financial data come from?
Quantisnow builds these statements from the structured XBRL data Simon Property Group Inc. files with the SEC. It is provided for information only and is not investment advice.