Simon Property Group (SPG) income statement
NYSE · Real Estate · REIT - Retail · 3,350 employees · CEO Eli Simon
- Price
- $217.75 +0.94%
- Market cap
- $70.5B
- Enterprise value
- $98.9B
- Last report
- Q2 '26 filed 2026-08-10
- Next report
- 2026-11-05
Simon Property Group (SPG) reported revenue of $1.79B for Q2 '26 (+19.5% year on year), operating income of $824M (46.0% of revenue) and net income of $484M. Over the last four quarters revenue was $6.94B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.53B | $1.44B | $1.46B | $1.48B | $1.58B | $1.47B | $1.5B | $1.6B | $1.79B | $1.76B | $1.79B | |
| Cost of revenue | $275M | $256M | $261M | $228M | $258M | $272M | $274M | $215M | $265M | $155M | $347M | $303M | |
| Gross profit | $1.14B | $1.27B | $1.18B | $1.23B | $1.22B | $1.31B | $1.2B | $1.28B | $1.34B | $1.64B | $1.41B | $1.49B | |
| Sales & marketing | $28.8M | $40.6M | $28.1M | $38.8M | $34.1M | $43.5M | $34.3M | $36.3M | $38.6M | $46.6M | $33.9M | $39.1M | |
| General & administrative | $9.07M | $10.3M | $9.13M | $10.8M | $9.17M | $15.6M | $12.6M | $14.3M | $16.1M | $82.7M | $122M | $12M | |
| Other operating expenses | $404M | $429M | $409M | $427M | $412M | $416M | $424M | $489M | $469M | $617M | $492M | $612M | |
| Operating expenses | $442M | $480M | $446M | $476M | $455M | $475M | $471M | $539M | $523M | $746M | $648M | $663M | |
| Operating income | $694M | $792M | $735M | $754M | $768M | $836M | $728M | $744M | $813M | $891M | $762M | $824M | |
| Interest expense | $212M | $225M | $231M | $221M | $226M | $227M | $227M | $233M | $243M | $272M | $276M | $281M | |
| Other non-operating income (gains on investments, FX ...) | -$242M | -$334M | -$384M | -$41.6M | -$7.93M | -$132M | $30.4M | -$167M | $108M | -$2.91B | $62.1M | -$42M | |
| Total non-operating income | $29.7M | $109M | $154M | -$180M | -$218M | -$95.9M | -$257M | -$65.4M | -$108M | $2.64B | -$303M | -$239M | |
| Income before tax | $724M | $901M | $889M | $574M | $549M | $740M | $470M | $679M | $705M | $3.53B | $459M | $585M | |
| Income tax | $43.2M | $41.6M | $47.6M | $4.96M | $2.61M | -$31.9M | -$7.64M | $35.1M | $15.1M | -$6.8M | -$19.9M | $10.8M | |
| Net income | $595M | $748M | $733M | $494M | $476M | $668M | $415M | $557M | $594M | $3.05B | $480M | $484M | |
| EPS (basic) | $1.85 | $2.30 | $2.25 | $1.51 | $1.46 | $2.04 | $1.27 | $1.70 | $1.82 | $9.35 | $1.48 | $1.49 | |
| EPS (diluted) | $1.85 | $2.30 | $2.25 | $1.51 | $1.46 | $2.04 | $1.27 | $1.70 | $1.82 | $9.35 | $1.48 | $1.49 | |
| Shares (basic, weighted) | 327M | 326M | 326M | 326M | 326M | 326M | 326M | 327M | 327M | 326M | 324M | 324M | |
| Shares (diluted, weighted) | 327M | 326M | 326M | 326M | 326M | 326M | 326M | 327M | 327M | 326M | 324M | 324M | |
| Depreciation & amortization | $333M | $339M | $325M | $333M | $342M | $361M | $356M | $368M | $375M | $421M | $533M | $498M | |
| EBITDA | $1.27B | $1.46B | $1.44B | $1.13B | $1.12B | $1.33B | $1.05B | $1.28B | $1.08B | $4.23B | $1.23B | $1.36B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.44B | $5.53B | $5.65B | $5.76B | $4.61B | $5.12B | $5.29B | $5.66B | $5.96B | $6.36B | |
| Cost of revenue | $971M | $980M | $1.01B | $1.02B | $887M | $971M | $1B | $1.03B | $1.04B | $909M | |
| Gross profit | $4.46B | $4.55B | $4.64B | $4.73B | $3.72B | $4.15B | $4.29B | $4.63B | $4.92B | $5.46B | |
| Sales & marketing | $143M | $151M | $151M | $150M | $98.6M | $114M | $108M | $127M | $145M | $156M | |
| General & administrative | $65.1M | $52M | $46.5M | $34.9M | $22.6M | $30.3M | $35M | $38.5M | $44.7M | $126M | |
| Other operating expenses | $1.54B | $1.54B | $1.51B | $1.64B | $1.63B | $1.59B | $1.56B | $1.66B | $1.64B | $2B | |
| Operating expenses | $1.74B | $1.74B | $1.71B | $1.82B | $1.75B | $1.73B | $1.71B | $1.82B | $1.83B | $2.28B | |
| Operating income | $2.72B | $2.8B | $2.93B | $2.91B | $1.97B | $2.41B | $2.58B | $2.81B | $3.09B | $3.18B | |
| Interest expense | $858M | $809M | $816M | $789M | $784M | $796M | $761M | $855M | $906M | $975M | |
| Other non-operating income (gains on investments, FX ...) | -$301M | -$275M | -$749M | -$330M | -$85.3M | -$1.11B | -$714M | -$747M | -$565M | -$3.2B | |
| Total non-operating income | -$556M | -$534M | -$67.1M | -$460M | -$699M | $313M | -$47.7M | -$108M | -$341M | $2.22B | |
| Income before tax | $2.16B | $2.27B | $2.86B | $2.45B | $1.27B | $2.73B | $2.54B | $2.7B | $2.75B | $5.4B | |
| Income tax | $29.7M | $23.3M | $36.9M | $30.1M | -$4.64M | $157M | $83.5M | $81.9M | $23.3M | $35.8M | |
| Net income | $1.84B | $1.95B | $2.44B | $2.1B | $1.11B | $2.25B | $2.14B | $2.28B | $2.37B | $4.61B | |
| EPS (basic) | $5.87 | $6.24 | $7.88 | $6.79 | $3.59 | $6.84 | $6.52 | $6.97 | $7.26 | $14.14 | |
| EPS (diluted) | $5.87 | $6.24 | $7.88 | $6.79 | $3.59 | $6.84 | $6.52 | $6.98 | $7.26 | $14.14 | |
| Shares (basic, weighted) | 313M | 312M | 310M | 308M | 309M | 329M | 328M | 327M | 326M | 326M | |
| Shares (diluted, weighted) | 313M | 312M | 310M | 308M | 309M | 329M | 328M | 327M | 326M | 326M | |
| Depreciation & amortization | $1.33B | $1.36B | $1.35B | $1.39B | $1.35B | $1.33B | $1.29B | $1.33B | $1.36B | $1.55B | |
| EBITDA | $4.35B | $4.43B | $5.02B | $4.64B | $3.41B | $4.85B | $4.59B | $4.89B | $5.02B | $7.93B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01