Simon Property (SPG) Cost of Revenue (2009 - 2025)

Simon Property (SPG) has reported Cost of Revenue for 17 consecutive years, with $35.4 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Cost of Revenue rose 20.74% year-over-year to $35.4 million; the TTM figure through Dec 2025 stood at $142.2 million (down 4.99% YoY), while the FY2025 annual figure was $142.2 million, down 4.99% from the prior year.
• Cost of Revenue slipped to $35.4 million in Q4 2025 per SPG's latest filing, from $40.2 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $56.3 million in Q4 2021 and bottomed at $23.6 million in Q1 2021.
• Historically, Cost of Revenue has averaged $38.6 million across 5 years, with a median of $39.0 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue surged 80.08% — and 2024, when it tumbled 47.2%.
• Simon Property's Cost of Revenue stood at $56.3 million in 2021, then decreased by 19.12% to $45.6 million in 2022, then gained by 21.75% to $55.5 million in 2023, then sank by 47.2% to $29.3 million in 2024, then advanced by 20.74% to $35.4 million in 2025.
• Business Quant data shows SPG's Cost of Revenue at $35.4 million in Q4 2025, $40.2 million in Q3 2025, and $35.7 million in Q2 2025.