Simon Property (SPG-PJ) Gross Margin (2009 - 2025)

Simon Property (SPG-PJ) has reported Gross Margin for 17 consecutive years, with 98.03% the latest figure, recorded in Q4 2025.

• On a quarterly basis, Gross Margin fell 12.0% year-over-year to 98.03% in Q4 2025; TTM through Dec 2025 was 97.77%, a 28.0% increase from a year earlier, with the FY2025 full-year figure at 97.77%, up 28.0% from the prior year.
• Gross Margin was 98.03% for Q4 2025 at Simon Property, up from 97.49% in the prior quarter.
• Over five years, Gross Margin peaked at 98.15% in Q4 2024 and troughed at 95.75% in Q4 2021.
• A 5-year average of 97.26% and a median of 97.42% in 2022 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin tumbled 137 bps in 2022 and surged 178 bps in 2024, its largest moves.
• Over 5 years, Gross Margin stood at 95.75% in 2021, then grew by 1 bps to 96.75% in 2022, then decreased by 0 bps to 96.37% in 2023, then advanced by 2 bps to 98.15% in 2024, then slipped by 0 bps to 98.03% in 2025.
• The last three Gross Margin figures came in at 98.03% (Q4 2025), 97.49% (Q3 2025), and 97.62% (Q2 2025), per Business Quant data.