Simon Property Group, Inc. (SPG)

SPG Income Statement

Revenue, expenses, and profitability analysis

SPG Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	5.667B	1.410B	1.637B	1.336B	1.283B	1.199B	1.310B	1.223B	1.230B
Revenue	6.649B	1.757B	1.791B	1.602B	1.498B	1.473B	1.582B	1.481B	1.458B
Cost of Goods Sold	981.648M	346.920M	154.528M	265.210M	214.990M	274.415M	271.774M	258.132M	227.932M
Gross Profit Margin	80.3%	80.3%	91.4%	83.4%	85.7%	81.4%	82.8%	82.6%	84.4%
Total Operating Expenses	2.457B	648.010M	746.265M	523.448M	539.272M	470.981M	474.712M	454.809M	476.233M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	390.548M	155.885M	129.320M	54.736M	50.607M	46.886M	59.107M	43.309M	49.667M
Operating Income (EBIT)	3.210B	762.163M	890.669M	812.914M	744.197M	727.616M	835.746M	767.769M	754.101M
Operating Margin	43.4%	43.4%	49.7%	50.8%	49.7%	49.4%	52.8%	51.9%	51.7%
Income Before Tax (EBT)	5.376B	458.874M	3.533B	705.169M	678.788M	470.223M	739.851M	549.276M	574.396M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	1.024B	275.662M	272.327M	242.790M	232.724M	226.995M	227.415M	226.424M	221.338M
Other Income/Expense	2.166B	-303.289M	2.642B	-107.745M	-65.409M	-257.393M	-95.895M	-218.493M	-179.705M
Net Income	4.681B	480.403M	3.049B	594.367M	556.967M	414.533M	668.065M	475.995M	494.299M
Income Tax Expense	23.491M	-19.934M	-6.796M	15.114M	35.107M	-7.637M	-31.908M	2.605M	4.961M
Net Profit Margin	27.3%	27.3%	170.2%	37.1%	37.2%	28.1%	42.2%	32.1%	33.9%
EBITDA	7.708B	1.159B	4.226B	1.044B	1.279B	1.053B	1.328B	1.118B	1.128B
EBITDA Margin	66.0%	66.0%	235.9%	65.2%	85.4%	71.5%	83.9%	75.5%	77.4%
Depreciation & Amortization	1.586B	458.898M	420.675M	338.639M	367.638M	355.647M	360.599M	341.905M	332.595M
EPS Basic	14.35	1.48	9.35	1.82	1.70	1.27	2.04	1.46	1.51
EPS Diluted	14.35	1.48	9.35	1.82	1.70	1.27	2.04	1.46	1.51
Shares Outstanding	324.034M	324.034M	326.018M	327.137M	327.137M	326.313M	326.278M	326.158M	326.039M
Diluted Shares Outstanding	324.034M	324.034M	326.018M	327.137M	327.137M	326.313M	326.278M	326.158M	326.039M

SPG Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	5.455B	4.920B	4.630B	4.290B	4.146B	3.720B	4.734B	4.637B
Revenue	6.365B	5.964B	5.659B	5.291B	5.117B	4.608B	5.755B	5.645B
Cost of Goods Sold	909.143M	1.043B	1.028B	1.001B	971.064M	887.154M	1.022B	1.008B
Gross Profit Margin	85.7%	82.5%	81.8%	81.1%	81.0%	80.7%	82.2%	82.1%
Total Operating Expenses	2.280B	1.828B	1.823B	1.707B	1.733B	1.749B	1.821B	1.711B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	281.549M	189.294M	165.859M	142.764M	144.642M	121.185M	185.204M	197.784M
Operating Income (EBIT)	3.175B	3.093B	2.807B	2.584B	2.413B	1.972B	2.913B	2.926B
Operating Margin	49.9%	51.9%	49.6%	48.8%	47.2%	42.8%	50.6%	51.8%
Income Before Tax (EBT)	5.400B	2.752B	2.699B	2.536B	2.726B	1.273B	2.453B	2.859B
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	974.836M	905.797M	854.648M	761.253M	795.712M	784.400M	789.353M	815.923M
Other Income/Expense	2.225B	-340.513M	-108.130M	-47.656M	312.716M	-699.122M	-459.545M	-67.058M
Net Income	4.615B	2.371B	2.283B	2.140B	2.250B	1.113B	2.102B	2.440B
Income Tax Expense	35.788M	23.262M	81.874M	83.512M	157.199M	-4.637M	30.054M	36.898M
Net Profit Margin	72.5%	39.8%	40.3%	40.4%	44.0%	24.1%	36.5%	43.2%
EBITDA	7.857B	5.018B	4.887B	4.589B	4.848B	3.412B	4.637B	5.025B
EBITDA Margin	123.5%	84.1%	86.4%	86.7%	94.7%	74.1%	80.6%	89.0%
Depreciation & Amortization	1.483B	1.360B	1.334B	1.292B	1.326B	1.355B	1.394B	1.350B
EPS Basic	14.14	7.26	6.97	6.52	6.84	3.59	6.79	7.88
EPS Diluted	14.14	7.26	6.98	6.52	6.84	3.59	6.79	7.88
Shares Outstanding	326.018M	326.097M	326.807M	327.817M	328.587M	308.738M	307.950M	309.627M
Diluted Shares Outstanding	326.018M	326.097M	326.807M	327.817M	328.587M	308.738M	307.950M	309.627M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Simon Property Group, Inc.

Simon Property Group (NYSE: SPG) is a prominent S&P 100 real estate investment trust that specializes in owning and developing a portfolio of world-class shopping, dining, entertainment, and mixed-use destinations. These significant properties, strategically located across North America, Europe, and Asia, serve as vital community hubs, attracting millions of visitors daily and contributing billions in annual revenue.

Indianapolis, IN

3,600 employees

www.simon.com

Real Estate / REIT - Retail

Sector: Real Estate
Industry: REIT - Retail
CEO: Eli Simon

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