Simon Property Group annual operating margin
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2025
Simon Property Group Operating Margin Growth & History (SPG)
Simon Property Group's operating margin was 49.89% for fiscal 2025.
View full Simon Property Group company overviewSimon Property Group annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 49.89% | −1.97 pp |
| 2024 | 2024-12-31 | 51.86% | +2.26 pp |
| 2023 | 2023-12-31 | 49.60% | +0.78 pp |
| 2022 | 2022-12-31 | 48.83% | +1.66 pp |
| 2021 | 2021-12-31 | 47.16% | +4.37 pp |
| 2020 | 2020-12-31 | 42.80% | −7.82 pp |
| 2019 | 2019-12-31 | 50.61% | −1.22 pp |
| 2018 | 2018-12-31 | 51.84% | +1.14 pp |
| 2017 | 2017-12-31 | 50.70% | +0.64 pp |
| 2016 | 2016-12-31 | 50.06% | −0.62 pp |
| 2015 | 2015-12-31 | 50.68% | +1.71 pp |
| 2014 | 2014-12-31 | 48.97% | +0.80 pp |
| 2013 | 2013-12-31 | 48.17% | +1.03 pp |
| 2012 | 2012-12-31 | 47.14% | +2.01 pp |
| 2011 | 2011-12-31 | 45.12% | +0.98 pp |
| 2010 | 2010-12-31 | 44.14% | +6.88 pp |
| 2009 | 2009-12-31 | 37.26% | −3.53 pp |
| 2008 | 2008-12-31 | 40.79% | −1.23 pp |
| 2007 | 2007-12-31 | 42.02% | — |
Simon Property Group quarterly operating margin
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Q2.21
Q3.21
Q4.21
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Q2.22
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Q4.22
Q1.23
Q2.23
Q3.23
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Q3.24
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 46.02% | −3.64 pp |
| Q1 2026 | 2026-03-31 | 43.38% | −6.02 pp |
| Q4 2025 | 2025-12-31 | 49.72% | −3.10 pp |
| Q3 2025 | 2025-09-30 | 50.76% | −1.09 pp |
| Q2 2025 | 2025-06-30 | 49.66% | −2.05 pp |
| Q1 2025 | 2025-03-31 | 49.40% | −1.57 pp |
| Q4 2024 | 2024-12-31 | 52.82% | +0.96 pp |
| Q3 2024 | 2024-09-30 | 51.85% | +2.65 pp |
| Q2 2024 | 2024-06-30 | 51.71% | +3.67 pp |
| Q1 2024 | 2024-03-31 | 50.96% | +1.90 pp |
| Q4 2023 | 2023-12-31 | 51.86% | +2.99 pp |
| Q3 2023 | 2023-09-30 | 49.20% | −0.36 pp |
| Q2 2023 | 2023-06-30 | 48.04% | −0.93 pp |
| Q1 2023 | 2023-03-31 | 49.06% | +1.19 pp |
| Q4 2022 | 2022-12-31 | 48.88% | +4.27 pp |
| Q3 2022 | 2022-09-30 | 49.57% | +2.34 pp |
| Q2 2022 | 2022-06-30 | 48.97% | +0.75 pp |
| Q1 2022 | 2022-03-31 | 47.87% | −0.89 pp |
| Q4 2021 | 2021-12-31 | 44.61% | +3.77 pp |
| Q3 2021 | 2021-09-30 | 47.23% | +9.14 pp |
| Q2 2021 | 2021-06-30 | 48.22% | +5.76 pp |
| Q1 2021 | 2021-03-31 | 48.76% | +0.37 pp |
| Q4 2020 | 2020-12-31 | 40.84% | −11.68 pp |
| Q3 2020 | 2020-09-30 | 38.09% | −11.70 pp |
| Q2 2020 | 2020-06-30 | 42.45% | −6.26 pp |
| Q1 2020 | 2020-03-31 | 48.39% | −2.89 pp |
| Q4 2019 | 2019-12-31 | 52.52% | −0.39 pp |
| Q3 2019 | 2019-09-30 | 49.79% | −1.69 pp |
| Q2 2019 | 2019-06-30 | 48.71% | −3.85 pp |
| Q1 2019 | 2019-03-31 | 51.28% | +0.93 pp |
| Q4 2018 | 2018-12-31 | 52.91% | −0.00 pp |
| Q3 2018 | 2018-09-30 | 51.48% | +2.32 pp |
| Q2 2018 | 2018-06-30 | 52.56% | +2.16 pp |
| Q1 2018 | 2018-03-31 | 50.35% | +0.07 pp |
| Q4 2017 | 2017-12-31 | 52.91% | +3.79 pp |
| Q3 2017 | 2017-09-30 | 49.16% | −0.66 pp |
| Q2 2017 | 2017-06-30 | 50.39% | +0.28 pp |
| Q1 2017 | 2017-03-31 | 50.28% | −0.96 pp |
| Q4 2016 | 2016-12-31 | 49.12% | −2.28 pp |
| Q3 2016 | 2016-09-30 | 49.82% | +0.01 pp |
| Q2 2016 | 2016-06-30 | 50.12% | −1.95 pp |
| Q1 2016 | 2016-03-31 | 51.24% | +1.97 pp |
| Q4 2015 | 2015-12-31 | 51.41% | +0.89 pp |
| Q3 2015 | 2015-09-30 | 49.81% | +0.60 pp |
| Q2 2015 | 2015-06-30 | 52.06% | +4.56 pp |
| Q1 2015 | 2015-03-31 | 49.26% | +0.78 pp |
| Q4 2014 | 2014-12-31 | 50.52% | −1.68 pp |
| Q3 2014 | 2014-09-30 | 49.21% | +1.38 pp |
| Q2 2014 | 2014-06-30 | 47.51% | +0.51 pp |
| Q1 2014 | 2014-03-31 | 48.48% | +2.59 pp |
| Q4 2013 | 2013-12-31 | 52.20% | −3.35 pp |
| Q3 2013 | 2013-09-30 | 47.82% | +1.84 pp |
| Q2 2013 | 2013-06-30 | 47.00% | +2.87 pp |
| Q1 2013 | 2013-03-31 | 45.90% | −0.28 pp |
| Q4 2012 | 2012-12-31 | 55.55% | +9.35 pp |
| Q3 2012 | 2012-09-30 | 45.98% | +0.97 pp |
| Q2 2012 | 2012-06-30 | 44.13% | −0.79 pp |
| Q1 2012 | 2012-03-31 | 46.18% | +1.97 pp |
| Q4 2011 | 2011-12-31 | 46.19% | +0.95 pp |
| Q3 2011 | 2011-09-30 | 45.01% | +4.39 pp |
| Q2 2011 | 2011-06-30 | 44.92% | +0.42 pp |
| Q1 2011 | 2011-03-31 | 44.21% | −1.94 pp |
| Q4 2010 | 2010-12-31 | 45.25% | +3.86 pp |
| Q3 2010 | 2010-09-30 | 40.62% | −1.78 pp |
| Q2 2010 | 2010-06-30 | 44.50% | +19.64 pp |
| Q1 2010 | 2010-03-31 | 46.15% | +6.50 pp |
| Q4 2009 | 2009-12-31 | 41.39% | +0.42 pp |
| Q3 2009 | 2009-09-30 | 42.40% | +1.33 pp |
| Q2 2009 | 2009-06-30 | 24.87% | — |
| Q1 2009 | 2009-03-31 | 39.65% | — |
| Q3 2008 | 2008-09-30 | 40.97% | — |
| Q2 2008 | 2008-06-30 | 41.07% | — |
Simon Property Group operating margin trends
Over the last five reported fiscal years, Simon Property Group's operating margin increased from 42.80% to 49.89%, a change of +7.10 percentage points. The latest reported quarter, Q2 2026, shows 46.02%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Simon Property Group filings at SEC.gov ↗