Simon Property Group, Inc. (SPG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SPG Revenue Growth
Revenue Breakdown (FY 2024)
SPG's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
SPG Revenue Analysis (2014–2025)
As of May 6, 2026, Simon Property Group, Inc. (SPG) generated trailing twelve-month (TTM) revenue of $6.36 billion, reflecting strong growth of +13.2% year-over-year. The most recent quarter (Q4 2025) recorded $1.79 billion in revenue, up 11.9% sequentially.
Looking at the longer-term picture, SPG's 5-year compound annual growth rate (CAGR) stands at +6.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $6.36 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows SPG's business is primarily driven by Real Estate Segment (100%). With over half of revenue concentrated in Real Estate Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including MAC (+10.4% YoY), CBL (+12.2% YoY), and O (+9.1% YoY), SPG has outperformed the peer group in terms of revenue growth. Compare SPG vs MAC →
SPG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SPGCurrent | $6.4B | +13.2% | +6.7% | 49.9% | |
 MAC | $1.0B | +10.4% | +5.2% | 67.8% | |
 CBL | $578M | +12.2% | +0.1% | 24.2% | |
 O | $5.7B | +9.1% | +28.4% | 28.3% | |
 REG | $1.6B | +12.0% | +8.2% | 37.0% | |
 KIM | $2.1B | +4.4% | +15.1% | 35.2% |
SPG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $6.36B | +6.7% | $5.46B | 85.7% | $3.18B | 49.9% |
| 2024 | $5.96B | +5.4% | $4.92B | 82.5% | $3.09B | 51.9% |
| 2023 | $5.66B | +6.9% | $4.63B | 81.8% | $2.81B | 49.6% |
| 2022 | $5.29B | +3.4% | $4.29B | 81.1% | $2.58B | 48.8% |
| 2021 | $5.12B | +11.1% | $4.15B | 81.0% | $2.41B | 47.2% |
| 2020 | $4.61B | -19.9% | $3.72B | 80.7% | $1.97B | 42.8% |
| 2019 | $5.76B | +1.9% | $4.73B | 82.2% | $2.91B | 50.6% |
| 2018 | $5.65B | +2.1% | $4.64B | 82.1% | $2.93B | 51.8% |
| 2017 | $5.53B | +1.7% | $4.55B | 82.3% | $2.80B | 50.7% |
| 2016 | $5.44B | +3.2% | $4.46B | 82.1% | $2.72B | 50.1% |
Full SPG Stock Analysis
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Start ComparisonSPG — Frequently Asked Questions
Quick answers to the most common questions about buying SPG stock.
Is SPG's revenue growth accelerating or slowing?
SPG maintains +13.2% revenue growth, in line with its 5-year CAGR of +6.7%. TTM revenue stands at $6.4B. Growth rate remains consistent with historical average.
What is SPG's long-term revenue growth rate?
Simon Property Group, Inc.'s 5-year revenue CAGR of +6.7% reflects the sustained expansion pattern. Current YoY growth of +13.2% is near this long-term average.
How is SPG's revenue distributed by segment?
SPG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.