What is the current annual operating margin of SPG?

As of today, SPG annual operating margin is 48.54%

What is 1-year change in SPG annual operating margin?

SPG annual operating margin is down -6.42% year-over-year

What is 3-year change in SPG annual operating margin?

SPG annual operating margin is down -1.10% over the past 3 years

How far is SPG annual operating margin from its all-time high?

SPG annual operating margin is currently -6.42% below its historical high of 51.87% set on December 31, 2024

How does SPG annual operating margin rank versus sector peers?

SPG annual operating margin is higher than 79.62% of companies in Real Estate sector

When is SPG next annual earnings release?

As of today, the next annual earnings release for SPG has not been scheduled

What is the current quarterly operating margin of SPG?

As of today, SPG quarterly operating margin is 43.38%

What is SPG quarterly operating margin most recent change?

SPG quarterly operating margin was down -12.72% on March 31, 2026

What is 1-year change in SPG quarterly operating margin?

SPG quarterly operating margin is down -12.19% year-over-year

How far is SPG quarterly operating margin from its all-time high?

SPG quarterly operating margin is currently -56.68% below its historical high of 100.13% set on December 31, 2001

How does SPG quarterly operating margin rank versus sector peers?

SPG quarterly operating margin is higher than 76.86% of companies in Real Estate sector

When is SPG next earnings release?

The next earnings release for SPG is on August 10, 2026

SPG Operating Margin History & Chart Since 1993

Annual Operating Margin

48.54%3.33%-6.42%

December 31, 2025

Summary

Current Value: As of today, SPG annual operating margin is 48.54%, down -6.42% on December 31, 2025
Historical Performance: SPG annual operating margin is down -1.10% over the past 3 years, up +13.60% over the past 5 years
All-Time High Comparison: SPG annual operating margin is currently -6.42% below its historical high of 51.87% set on December 31, 2024
3-Year Low Comparison: SPG annual operating margin is at its 3-year low
Sector Comparison: SPG annual operating margin is higher than 79.62% of companies in Real Estate sector

Operating Margin Chart

beforeafter

Performance

SPG Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	48.54%	-6.4%	-1.1%	+13.6%	+10.7%
Quarterly Operating Margin	Mar 31, 26	43.38%	-12.2%	-11.6%	-11.0%	+119.0%
Price	Jul 31, 26	$229.37	+40.0%	+84.1%	+81.3%	+102.3%
PE Ratio	Jul 31, 26	41.97	+81.1%	+118.3%	+53.2%	-32.8%
Annual Revenue	Dec 31, 25	$6.36B	+6.7%	+20.3%	+38.3%	+61.5%
Annual Operating Profit	Dec 31, 25	$3.09B	-0.1%	+19.0%	+57.1%	+78.7%
Annual Gross Margin	Dec 31, 25	59.49%	-2.9%	+2.8%	+14.2%	+8.3%
Annual Net Margin	Dec 31, 25	84.28%	+84.2%	+81.8%	+203.7%	+653.9%

Operating Margin Highs

SPG Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	51.87%	Dec 31, 24	-6.4%
5Y	51.87%	Dec 31, 24	-6.4%
All	51.87%	Dec 31, 24	-6.4%

Operating Margin Lows

SPG Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	48.54%	Dec 31, 25	at low
5Y	42.73%	N/A	+13.6%
All	5.10%	Dec 31, 93	+851.8%

Operating Margin History

Year	Value	Change
2025	48.54%	-6.4%
2024	51.87%	+4.6%
2023	49.61%	+1.1%
2022	49.08%	+4.1%
2021	47.14%	+10.3%
2020	42.73%	-14.0%
2019	49.70%	-3.1%
2018	51.30%	+1.4%
2017	50.60%	+1.1%
2016	50.06%	-3.1%
2015	51.67%	+6.0%
2014	48.75%	+5.2%
2013	46.33%	+2.3%
2012	45.29%	+1.3%
2011	44.73%	+2.0%
2010	43.85%	+3.8%
2009	42.26%	+2.5%

Year	Value	Change
2008	41.22%	-2.0%
2007	42.05%	+7.8%
2006	39.00%	+204.0%
2005	12.83%	-68.4%
2004	40.56%	-4.8%
2003	42.59%	-1.5%
2002	43.25%	+5.4%
2001	41.02%	-9.2%
2000	45.19%	-0.2%
1999	45.30%	-0.9%
1998	45.73%	+154.8%
1997	17.95%	-1.7%
1996	18.26%	+0.2%
1995	18.23%	-5.4%
1994	19.28%	+278.0%
1993	5.10%	-

FAQ

What is the current annual operating margin of SPG?: As of today, SPG annual operating margin is 48.54%
What is 1-year change in SPG annual operating margin?: SPG annual operating margin is down -6.42% year-over-year
What is 3-year change in SPG annual operating margin?: SPG annual operating margin is down -1.10% over the past 3 years
How far is SPG annual operating margin from its all-time high?: SPG annual operating margin is currently -6.42% below its historical high of 51.87% set on December 31, 2024
How does SPG annual operating margin rank versus sector peers?: SPG annual operating margin is higher than 79.62% of companies in Real Estate sector
When is SPG next annual earnings release?: As of today, the next annual earnings release for SPG has not been scheduled

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

43.38%6.32%-12.72%

March 31, 2026

Summary

Current Value: As of today, SPG quarterly operating margin is 43.38%, down -12.72% on March 31, 2026
Historical Performance: SPG quarterly operating margin is down -12.19% year-over-year, down -11.58% over the past 3 years
All-Time High Comparison: SPG quarterly operating margin is currently -56.68% below its historical high of 100.13% set on December 31, 2001
3-Year Low Comparison: SPG quarterly operating margin is at its 3-year low
Sector Comparison: SPG quarterly operating margin is higher than 76.86% of companies in Real Estate sector

Performance

SPG Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Mar 31, 26	43.38%	-12.7%	-12.2%	-11.6%	-11.0%
Annual Operating Margin	Dec 31, 25	48.54%	–	-6.4%	-1.1%	+13.6%
Price	Jul 31, 26	$229.37	+12.6%	+40.0%	+84.1%	+81.3%
PE Ratio	Jul 31, 26	41.97	+12.6%	+81.1%	+118.3%	+53.2%
Quarterly Revenue	Mar 31, 26	$1.76B	-1.9%	+19.3%	+30.1%	+41.7%
Quarterly Operating Profit	Mar 31, 26	$762.16M	-14.3%	+4.8%	+15.0%	+26.1%
Quarterly Gross Margin	Mar 31, 26	54.14%	-8.1%	-8.4%	-8.4%	-4.1%
Quarterly Net Margin	Mar 31, 26	32.36%	–	-0.3%	-15.8%	-21.4%

Quarterly Operating Margin Highs

SPG Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	50.76%	Sep 30, 25	-14.5%
3Y	52.82%	Dec 31, 24	-17.9%
5Y	52.82%	Dec 31, 24	-17.9%
All	100.13%	Dec 31, 01	-56.7%

Quarterly Operating Margin Lows

SPG Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	43.38%	Mar 31, 26	at low
3Y	43.38%	Mar 31, 26	at low
5Y	43.38%	Mar 31, 26	at low
All	-220.57%	Dec 31, 97	+119.7%

Quarterly Operating Margin History

Month	Value	Change
Mar 2026	43.38%	-12.7%
Dec 2025	49.70%	-2.1%
Sep 2025	50.76%	+2.2%
Jun 2025	49.66%	+0.5%
Mar 2025	49.40%	-6.5%
Dec 2024	52.82%	+1.9%
Sep 2024	51.85%	+0.3%
Jun 2024	51.71%	+1.5%
Mar 2024	50.96%	-1.7%
Dec 2023	51.85%	+5.4%
Sep 2023	49.20%	+2.4%
Jun 2023	48.04%	-2.1%
Mar 2023	49.06%	+0.4%
Dec 2022	48.88%	-1.5%
Sep 2022	49.64%	+2.9%
Jun 2022	48.25%	+0.2%
Mar 2022	48.17%	+8.0%
Dec 2021	44.61%	-5.5%
Sep 2021	47.23%	-2.1%
Jun 2021	48.22%	-1.1%
Mar 2021	48.76%	+19.5%
Dec 2020	40.81%	+7.5%
Sep 2020	37.98%	-10.4%
Jun 2020	42.37%	-12.4%
Mar 2020	48.35%	-7.3%
Dec 2019	52.13%	+4.8%
Sep 2019	49.73%	+2.3%
Jun 2019	48.60%	+0.1%
Mar 2019	48.53%	-5.9%
Dec 2018	51.59%	+2.5%
Sep 2018	50.32%	-5.3%
Jun 2018	53.13%	-1.8%
Mar 2018	54.10%	+3.1%
Dec 2017	52.49%	+5.1%
Sep 2017	49.93%	-0.9%
Jun 2017	50.39%	+0.2%
Mar 2017	50.28%	+2.4%
Dec 2016	49.12%	-1.4%
Sep 2016	49.82%	-0.6%
Jun 2016	50.12%	-2.2%
Mar 2016	51.24%	-0.4%
Dec 2015	51.44%	+3.5%
Sep 2015	49.70%	+42.0%
Jun 2015	35.01%	+15.8%
Mar 2015	30.24%	-40.0%
Dec 2014	50.37%	+73.5%
Sep 2014	29.04%	+11.7%
Jun 2014	26.00%	-1.9%
Mar 2014	26.50%	-46.3%
Dec 2013	49.37%	+106.9%
Sep 2013	23.86%	+3.3%
Jun 2013	23.09%	+2.8%
Mar 2013	22.47%	-51.3%
Dec 2012	46.10%	+107.3%
Sep 2012	22.24%	+13.0%
Jun 2012	19.68%	-14.9%
Mar 2012	23.12%	-49.0%

Month	Value	Change
Dec 2011	45.31%	+102.7%
Sep 2011	22.35%	+4.7%
Jun 2011	21.35%	+7.8%
Mar 2011	19.81%	-55.8%
Dec 2010	44.82%	+194.3%
Sep 2010	15.23%	-8.1%
Jun 2010	16.57%	-6.3%
Mar 2010	17.69%	-62.1%
Dec 2009	46.72%	+220.4%
Sep 2009	14.58%	+8.7%
Jun 2009	13.41%	-11.2%
Mar 2009	15.10%	-65.2%
Dec 2008	43.33%	+181.9%
Sep 2008	15.37%	-3.6%
Jun 2008	15.94%	+16.7%
Mar 2008	13.66%	-70.1%
Dec 2007	45.76%	+195.4%
Sep 2007	15.49%	+47.5%
Jun 2007	10.50%	-29.2%
Mar 2007	14.84%	-64.7%
Dec 2006	42.03%	+198.9%
Sep 2006	14.06%	+2.8%
Jun 2006	13.68%	+13.2%
Mar 2006	12.08%	-69.4%
Dec 2005	39.43%	+219.5%
Sep 2005	12.34%	+4.0%
Jun 2005	11.86%	+18.2%
Mar 2005	10.03%	-76.3%
Dec 2004	42.38%	+6.2%
Sep 2004	39.91%	-0.1%
Jun 2004	39.93%	+2.1%
Mar 2004	39.10%	-16.1%
Dec 2003	46.63%	+19.2%
Sep 2003	39.13%	-3.5%
Jun 2003	40.54%	+0.1%
Mar 2003	40.49%	-13.8%
Dec 2002	46.98%	+12.6%
Sep 2002	41.74%	-3.5%
Jun 2002	43.27%	-1.7%
Mar 2002	44.01%	-56.0%
Dec 2001	100.13%	+132.9%
Sep 2001	42.99%	+0.2%
Jun 2001	42.89%	+0.7%
Mar 2001	42.58%	-9.1%
Dec 2000	46.86%	+4.3%
Sep 2000	44.93%	+0.1%
Jun 2000	44.88%	+2.4%
Mar 2000	43.83%	-3.5%
Dec 1999	45.44%	+203.1%
Sep 1999	14.99%	+5.9%
Jun 1999	14.16%	+8.7%
Mar 1999	13.03%	-71.5%
Dec 1998	45.77%	+193.8%
Sep 1998	15.58%	-8.2%
Jun 1998	16.98%	+22.1%
Mar 1998	13.91%	+106.3%
Dec 1997	-220.57%	-

FAQ

What is the current quarterly operating margin of SPG?: As of today, SPG quarterly operating margin is 43.38%
What is SPG quarterly operating margin most recent change?: SPG quarterly operating margin was down -12.72% on March 31, 2026
What is 1-year change in SPG quarterly operating margin?: SPG quarterly operating margin is down -12.19% year-over-year
How far is SPG quarterly operating margin from its all-time high?: SPG quarterly operating margin is currently -56.68% below its historical high of 100.13% set on December 31, 2001
How does SPG quarterly operating margin rank versus sector peers?: SPG quarterly operating margin is higher than 76.86% of companies in Real Estate sector
When is SPG next earnings release?: The next earnings release for SPG is on August 10, 2026

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

SPG Official Website www.simon.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1063761/000110465926009209/0001104659-26-009209-index.htm
SPG Profile on Yahoo Finance finance.yahoo.com/quote/SPG
SPG Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/spg