Simon Property Group (SPG) Q3 FY2026 earnings: revenue $1.8 billion, up 13.3% on the year
Simon Property Group Inc. (SPG) reported revenue of $1.8 billion for Q3 FY2026, the quarter ended 30 September 2026, up 13.3% on the same quarter a year earlier. Net income was $499 million, down 17.7% on the year, and diluted earnings per share $1.54. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.
Revenue
$1.8 billion
+13.3% on the year · +1.3% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
44.3%
50.8% a year earlier
Q4 FY2024Q3 FY2026
Net income
$499 million
-17.7% on the year · +3.3% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.54
-17.2% on the year · +3.4% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 2 raised, 1 lowered, 1 kept.
Real Estate FFO per share rose 4.7%: Real Estate FFO was $1.277 billion, or $3.37 per diluted share, against $3.22 a year earlier. Nine-month Real Estate FFO per share was $9.82, up from $9.24.
Net income per share fell to $1.54: Net income attributable to common stockholders was $499.0 million, or $1.54 per diluted share, against $1.86 a year earlier. Nine-month net income per share was $4.51.
Occupancy rose to 96.5%: Occupancy across U.S. malls and Premium Outlets was 96.5% at September 30, 2026, against 96.4% a year earlier.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
1,072
1,196
890
-10.4%
+20.4%
Capital expenditure
250
237
205
+5.4%
+21.7%
Free cash flow
822
959
685
-14.3%
+20.0%
Free cash flow margin
45.3%
53.5%
42.8%
Cash from investing
-209
-127
-150
Cash from financing
-1,311
-592
-419
Depreciation and amortisation
511
460
339
+11.1%
+50.8%
Buybacks
237
161
n/a
+47.2%
Dividend per share
$2.25
$2.25
$2.15
0.0%
+4.7%
Diluted shares, weighted
323m
324m
326m
-0.2%
-1.0%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
4,085
4,434
2,350
-7.9%
+73.9%
Non-controlling interest
1,055
1,140
380
-7.5%
+177.6%
Redeemable equity
269
272
245
-1.1%
+9.8%
Debt
28,424
28,700
25,789
-1.0%
+10.2%
Other liabilities
5,242
5,163
4,839
+1.5%
+8.3%
Total liabilities and equity
39,075
39,709
33,602
-1.6%
+16.3%
Securities held for sale or to maturity
158
168
159
-5.5%
-0.1%
Cash and equivalents
570
1,019
1,553
-44.1%
-63.3%
Other assets
38,347
38,522
31,891
-0.5%
+20.2%
Total assets
39,075
39,709
33,602
-1.6%
+16.3%
Questions
What was Simon Property Group's revenue in Q3 FY2026?
Simon Property Group (SPG) reported revenue of $1.8 billion for Q3 FY2026, the quarter ended 30 September 2026, up 13.3% on the same quarter a year earlier.
How much did Simon Property Group earn in Q3 FY2026?
Net income for Q3 FY2026 was $499 million, down 17.7% on the year, and diluted earnings per share $1.54.
When did Simon Property Group report Q3 FY2026 results?
Simon Property Group filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.
Each quarter as filed, linked to its filing. Read moreMoney is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.