Operating Income for Simon Property Group (SPG)
According to Simon Property Group's latest reported financial statements, the company's current operating income (TTM) is $3.18B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.18B
YoY change
+2.7%
5Y CAGR
+10.0%
Peak year (2025)
$3.18B
Cumulative operating income
$57.38B
Operating Income history chart for Simon Property Group (SPG) from 1993 to 2025
Operating Income history table for Simon Property Group (SPG) from 1993 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.18B | +2.7% | ||
| 2024 | $3.09B | +10.2% | ||
| 2023 | $2.81B | +8.6% | ||
| 2022 | $2.58B | +7.1% | ||
| 2021 | $2.41B | +22.4% | ||
| 2020 | $1.97B | -32.3% | ||
| 2019 | $2.91B | -0.5% | ||
| 2018 | $2.93B | +4.4% | ||
| 2017 | $2.80B | +3.0% | ||
| 2016 | $2.72B | +1.9% | ||
| 2015 | $2.67B | +11.9% | ||
| 2014 | $2.39B | +9.0% | ||
| 2013 | $2.19B | +9.1% | ||
| 2012 | $2.01B | +3.2% | ||
| 2011 | $1.94B | +11.2% | ||
| 2010 | $1.75B | +24.2% | ||
| 2009 | $1.41B | -8.8% | ||
| 2008 | $1.54B | +0.5% | ||
| 2007 | $1.54B | +16.3% | ||
| 2006 | $1.32B | +9.5% | ||
| 2005 | $1.21B | +14.4% | ||
| 2004 | $1.05B | +8.1% | ||
| 2003 | $974.78M | +3.8% | ||
| 2002 | $938.74M | +12.6% | ||
| 2001 | $833.42M | -7.5% | ||
| 2000 | $900.57M | +5.4% | ||
| 1999 | $854.25M | +33.0% | ||
| 1998 | $642.21M | +34.6% | ||
| 1997 | $477.03M | -58.5% | ||
| 1996 | $1.15B | +35.8% | ||
| 1995 | $846.00M | +17.4% | ||
| 1994 | $720.50M | +13.6% | ||
| 1993 | $634.40M | — |
Operating Income values are taken from Simon Property Group's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Simon Property Group (SPG) came in at $3.18B – edged up 2.7% year-over-year.
Simon Property Group operating income compound annual growth for the 2020–2025 (5 years) window is +10.0%, sustaining 5 straight years of year-over-year growth.
$3.18B stands as the all-time-high annual operating income, posted in 2025, against a low of $477.03M during 1997.
Within Real Estate, Simon Property Group (SPG) ranks 3rd among 8 peers we track. The peer median for operating income is $1.74B.
Simon Property Group Operating Income by Year
Simon Property Group Operating Income 2025: $3.18B
Simon Property Group operating income in 2025 was $3.18B, edged up 2.7% from 2024. This figure represents the highest annual value in the available history.
Simon Property Group Operating Income 2024: $3.09B
Simon Property Group operating income in 2024 was $3.09B, grew 10.2% from 2023.
Simon Property Group Operating Income 2023: $2.81B
Simon Property Group operating income in 2023 was $2.81B, grew 8.6% from 2022.
Simon Property Group Operating Income 2022: $2.58B
Simon Property Group operating income in 2022 was $2.58B, grew 7.1% from 2021.
Simon Property Group Operating Income 2021: $2.41B
Simon Property Group operating income in 2021 was $2.41B.
See more financial history for Simon Property Group (SPG).
Sector peers — Operating Income
Companies in the same sector as Simon Property Group, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $4.88B | Real Estate |
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| CBRE Group, Inc. (CBRE) | $1.29B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
| Welltower Inc. (WELL) | $355.17M | Real Estate |
Frequently asked questions
What is Simon Property Group's operating income?
- Latest reported operating income for Simon Property Group (SPG) is $3.18B (period ending December 31, 2025).
How has Simon Property Group operating income changed year-over-year?
- Simon Property Group (SPG) operating income changed +2.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Simon Property Group operating income?
- Simon Property Group (SPG) operating income compound annual growth rate is +10.0% over the most recent 5 years available.
When did Simon Property Group operating income hit its highest annual value?
- Simon Property Group operating income reached its highest annual value of $3.18B in 2025.
What was Simon Property Group operating income in 2024?
- Simon Property Group (SPG) operating income in 2024 was $3.09B.
What was Simon Property Group operating income in 2025?
- Simon Property Group (SPG) operating income in 2025 was $3.18B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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