SPGReal estatesimon.com
| Metric | Dec 2024* | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025* | Mar 2026 | Jun 2026 | Sep 2026 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Operations | |||||||||
| Revenue | $1.58B | $1.47B | $1.50B | $1.60B | $1.79B | $1.76B | $1.79B | $1.81B | ▲ +13.3% |
| Gross profitnever filed | — | — | — | — | — | — | — | — | — |
| Operating income | $835.75M | $727.62M | $744.20M | $812.91M | $890.67M | $762.16M | $824.10M | $804.45M | ▼ -1.0% |
| Net income | $771.76M | $477.86M | $643.68M | $702.70M | $3.54B | $568.53M | $574.13M | $565.29M | ▼ -19.6% |
| R&Dnever filed | — | — | — | — | — | — | — | — | — |
| EPS (diluted) | — | 1.27 $ | 1.70 $ | 1.86 $ | — | 1.48 $ | 1.49 $ | 1.54 $ | ▼ -17.2% |
| Margins (% of revenue) | |||||||||
| Gross | — | — | — | — | — | — | — | — | — |
| Operating | 52.8 % | 49.4 % | 49.7 % | 50.8 % | 49.7 % | 43.4 % | 46.0 % | 44.3 % | ▼ -6.4 pt |
| Net | 48.8 % | 32.4 % | 43.0 % | 43.9 % | 197.6 % | 32.4 % | 32.1 % | 31.2 % | ▼ -12.7 pt |
| Balance sheet | |||||||||
| Assets | $32.41B | $32.50B | $33.30B | $33.60B | $40.61B | $39.64B | $39.71B | $39.08B | ▲ +16.3% |
| Liabilities | $28.81B | $29.23B | $30.20B | $30.63B | $33.90B | $33.30B | $33.86B | $33.67B | ▲ +9.9% |
| Equity | $3.41B | $3.03B | $2.85B | $2.73B | $6.47B | $6.07B | $5.57B | $5.14B | ▲ +88.3% |
| Cash | $1.40B | $1.38B | $1.23B | $1.55B | $823.15M | $542.96M | $1.02B | $569.94M | ▼ -63.3% |
| Capital | |||||||||
| Shares outstanding | — | — | — | — | — | — | — | — | — |
| Public floatexcluding insiders | — | — | — | — | — | — | — | — | — |
* No 10-Q is filed for a fourth quarter: these amounts are the fiscal year minus the first three quarters, all filed. EPS stays blank — dilution doesn't subtract.