What is S&P Global Inc.'s earnings per share (EPS)?

S&P Global Inc. (SPGI) reported diluted earnings per share of $14.66 for fiscal year 2025. This represents a 18.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

S&P Global Inc. (SPGI) Financials

SPGI

Trailing 12 months to March 31, 2026

Revenue $15.7B +8.5% YoY

Net Income $4.8B +20.9% YoY

EPS (Diluted) $15.81 +24.2% YoY

Free Cash Flow $5.6B +0.1% YoY

Market Cap $121.5B as of Oct 12, 2026

Price / Sales 7.7x on $15.7B revenue, trailing 12 months to March 31, 2026

Price / Earnings 25.4x on $4.8B net income, trailing 12 months to March 31, 2026

Price / Book 3.9x on $31.2B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Apr 28, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SPGI SEC filings page.

S&P Global Inc. (SPGI) reported $15.7B in revenue over the twelve months to Mar 31, 2026, up 8.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SPGI FY2025 2026-10-03

S&P Global converts high-margin revenue into substantial cash, but 2025 growth increasingly ties cash up in receivables and short-term obligations.

Operating margin widened from 39.3% in FY2024 to 42.2% in FY2025, showing that costs grew more slowly than revenue. Meanwhile, receivables increased 20.0% while free cash flow fell 2.0%, so earnings growth was not fully reflected in cash timing.

Debt-to-equity rose from 0.3x in FY2023 to 0.4x in FY2025, pointing to modestly greater leverage without a debt-dominated capital structure. Yet the current ratio stayed below 1.0x, indicating that short-term obligations exceed current assets and making working-capital management the tighter balance-sheet constraint.

FY2025 operating cash flow exceeded net income, while free cash flow remained nearly identical to operating cash flow, showing that reported earnings generally become cash. Capex of $195M against $5.5B of free cash flow indicates limited physical reinvestment; cash economics are therefore driven more by operating performance and collections than by asset replacement, making the receivables build more important than equipment spending.

Financial Health Signals

Financial Health Score 61/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of S&P Global Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

S&P Global Inc. has an operating margin of 42.2%, meaning the company retains $42 of operating profit per $100 of revenue. This strong profitability earns a score of 91/100, reflecting efficient cost management and pricing power. This is up from 39.3% the prior year.

Growth

S&P Global Inc.'s revenue grew 7.9% year-over-year to $15.3B, a solid pace of expansion. This earns a growth score of 67/100.

Leverage

S&P Global Inc. has a moderate D/E ratio of 0.40. This balance of debt and equity financing earns a leverage score of 40/100.

Liquidity

S&P Global Inc.'s current ratio of 0.82 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

S&P Global Inc. converts 35.6% of revenue into free cash flow ($5.5B). This strong cash generation earns a score of 96/100.

Returns

S&P Global Inc.'s ROE of 14.4% shows moderate profitability relative to equity, earning a score of 61/100. This is up from 11.6% the prior year.

Altman Z-Score Safe

4.03

S&P Global Inc. scores 4.03, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($121.5B) relative to total liabilities ($25.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

S&P Global Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.26x

For every $1 of reported earnings, S&P Global Inc. generates $1.26 in operating cash flow ($5.7B OCF vs $4.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

22.57x

S&P Global Inc. earns $22.57 in operating income for every $1 of interest expense ($6.5B vs $287.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.2B

YoY+10.4%

QoQ+6.5%

5Y CAGR+15.7%

10Y CAGR+12.0%

S&P Global Inc. generated $4.2B in revenue in Q1 2026. This represents an increase of 10.4% from the same quarter a year earlier. Against the prior quarter it is up 6.5%.

EBITDA

$2.3B

YoY+23.4%

QoQ+17.2%

5Y CAGR+15.3%

S&P Global Inc.'s EBITDA was $2.3B in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.4% from the same quarter a year earlier. Against the prior quarter it is up 17.2%.

Net Income

$1.4B

YoY+28.0%

QoQ+23.1%

5Y CAGR+13.1%

10Y CAGR+16.8%

S&P Global Inc. reported $1.4B in net income in Q1 2026. This represents an increase of 28.0% from the same quarter a year earlier. Against the prior quarter it is up 23.1%.

EPS (Diluted)

$4.69

YoY+32.5%

QoQ+24.7%

5Y CAGR+8.5%

10Y CAGR+15.6%

S&P Global Inc. earned $4.69 per diluted share (EPS) in Q1 2026. This represents an increase of 32.5% from the same quarter a year earlier. Against the prior quarter it is up 24.7%.

Cash & Balance Sheet

Free Cash Flow

$1.0B

YoY+11.0%

QoQ-40.7%

5Y CAGR+6.1%

10Y CAGR+19.6%

S&P Global Inc. generated $1.0B in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 11.0% from the same quarter a year earlier. Against the prior quarter it is down 40.7%.

Cash & Debt

$1.8B

YoY+23.2%

QoQ+3.7%

5Y CAGR-16.7%

10Y CAGR+1.2%

S&P Global Inc. held $1.8B in cash against $10.6B in long-term debt as of Q1 2026.

Dividends Per Share

$0.97

YoY+1.0%

QoQ+1.0%

5Y CAGR+4.7%

10Y CAGR+10.4%

S&P Global Inc. paid $0.97 per share in dividends in Q1 2026. This represents an increase of 1.0% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.

Shares Outstanding

296M

YoY-3.5%

QoQ-0.9%

5Y CAGR+4.2%

10Y CAGR+1.1%

S&P Global Inc. had 296M shares outstanding in Q1 2026. This represents a decrease of 3.5% from the same quarter a year earlier. Against the prior quarter it is down 0.9%.

Margins & Returns

Gross Margin

70.4%

YoY+0.9pp

QoQ+0.3pp

5Y change-3.5pp

S&P Global Inc.'s gross margin was 70.4% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.

Operating Margin

48.0%

YoY+6.2pp

QoQ+5.2pp

5Y change-5.6pp

10Y change+9.8pp

S&P Global Inc.'s operating margin was 48.0% in Q1 2026, reflecting core business profitability. This is up 6.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.2 percentage points.

Net Margin

33.5%

YoY+4.6pp

QoQ+4.5pp

5Y change-4.0pp

10Y change+11.5pp

S&P Global Inc.'s net profit margin was 33.5% in Q1 2026, showing the share of revenue converted to profit. This is up 4.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.5 percentage points.

Return on Equity

4.5%

YoY+1.2pp

QoQ+0.8pp

5Y change-68.7pp

S&P Global Inc.'s ROE was 4.5% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Capital Allocation

Share Buybacks

$1.0B

YoY+53.8%

QoQ-60.0%

10Y CAGR+16.0%

S&P Global Inc. spent $1.0B on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 53.8% from the same quarter a year earlier. Against the prior quarter it is down 60.0%.

Capital Expenditures

$27.0M

YoY-37.2%

QoQ-41.3%

5Y CAGR+8.4%

10Y CAGR+5.4%

S&P Global Inc. invested $27.0M in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 37.2% from the same quarter a year earlier. Against the prior quarter it is down 41.3%.

R&D Spending

Not reported for Q1 2026.

SPGI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SPGI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$15.7B	$15.3B+7.9%	$14.2B+13.7%	$12.5B+11.8%	$11.2B+34.8%	$8.3B+11.5%	$7.4B+11.1%	$6.7B+7.0%	$6.3B+3.2%	$6.1B+7.1%	$5.7B+6.5%	$5.3B+5.2%	$5.1B+7.4%	$4.7B+10.1%	$4.3B+8.0%	$4.0B
Cost of Revenue	$4.6B	$4.6B+4.6%	$4.4B+5.3%	$4.1B+10.3%	$3.8B+72.2%	$2.2B+4.1%	$2.1B+6.0%	$2.0B+7.5%	$1.8B+8.5%	$1.7B-4.5%	$1.8B+3.2%	$1.7B+4.1%	$1.7B+5.6%	$1.6B+9.1%	$1.4B+3.3%	$1.4B
Gross Profit	$11.1B	$10.8B+9.4%	$9.8B+17.8%	$8.4B+12.5%	$7.4B+21.4%	$6.1B+14.4%	$5.3B+13.2%	$4.7B+6.9%	$4.4B+1.2%	$4.4B+12.4%	$3.9B+8.2%	$3.6B+5.7%	$3.4B+8.3%	$3.1B+10.6%	$2.8B+10.5%	$2.6B
SG&A Expenses	$3.5B	$3.4B+6.9%	$3.2B+1.2%	$3.2B-7.0%	$3.4B+96.4%	$1.7B+12.2%	$1.5B+14.8%	$1.3B-5.8%	$1.4B-11.3%	$1.6B+9.5%	$1.5B-4.2%	$1.5B-51.3%	$3.1B+92.8%	$1.6B+3.4%	$1.6B+14.6%	$1.4B
Operating Income	$6.9B	$6.5B+16.1%	$5.6B+38.8%	$4.0B-18.7%	$4.9B+17.1%	$4.2B+16.7%	$3.6B+12.1%	$3.2B+15.6%	$2.8B+8.0%	$2.6B-22.7%	$3.3B+74.3%	$1.9B+1596.5%	$113.0M-91.7%	$1.4B+16.1%	$1.2B+8.6%	$1.1B
EBITDA	N/A	$7.7B+13.4%	$6.8B+30.8%	$5.2B-13.3%	$6.0B+35.4%	$4.4B+15.1%	$3.8B+11.5%	$3.4B+14.5%	$3.0B+8.4%	$2.8B-21.6%	$3.5B+69.8%	$2.1B+739.7%	$247.0M-83.5%	$1.5B+14.0%	$1.3B+9.0%	$1.2B
Interest Expense	$305.0M	$287.0M-3.4%	$297.0M-11.1%	$334.0M+9.9%	$304.0M+155.5%	$119.0M-15.6%	$141.0M0.0%	$141.0M+5.2%	$134.0M-10.1%	$149.0M-17.7%	$181.0M+77.5%	$102.0M+72.9%	$59.0M0.0%	$59.0M-27.2%	$81.0M+5.2%	$77.0M
Income Tax	$1.5B	$1.4B+23.3%	$1.1B+46.7%	$778.0M-34.1%	$1.2B+31.0%	$901.0M+29.8%	$694.0M+10.7%	$627.0M+12.0%	$560.0M-32.0%	$823.0M-14.3%	$960.0M+75.5%	$547.0M+123.3%	$245.0M-42.4%	$425.0M+9.5%	$388.0M+3.7%	$374.0M
Net Income	$4.8B	$4.5B+16.1%	$3.9B+46.7%	$2.6B-19.2%	$3.2B+7.4%	$3.0B+29.3%	$2.3B+10.2%	$2.1B+8.4%	$2.0B+30.9%	$1.5B-29.0%	$2.1B+82.2%	$1.2B+1105.2%	-$115.0M-108.4%	$1.4B+214.9%	$437.0M-52.0%	$911.0M
EPS (Basic)	N/A	$14.67+18.7%	$12.36+49.8%	$8.25-19.5%	$10.25-18.4%	$12.56+29.4%	$9.71+12.3%	$8.65+10.9%	$7.80+33.6%	$5.84-27.2%	$8.02+88.3%	$4.26+1114.3%	-$0.42-108.4%	$5.01+219.1%	$1.57-48.5%	$3.05
EPS (Diluted)	$15.81	$14.66+18.7%	$12.35+50.1%	$8.23-19.3%	$10.20-18.5%	$12.51+29.5%	$9.66+12.3%	$8.60+11.3%	$7.73+33.7%	$5.78-27.2%	$7.94+88.6%	$4.21+1102.4%	-$0.42-108.6%	$4.91+220.9%	$1.53-49.0%	$3.00
Diluted Shares (Avg)	N/A	305M-2.2%	312M-2.2%	319M+0.1%	319M+31.7%	242M-0.1%	242M-1.9%	247M-2.5%	253M-2.2%	259M-2.4%	265M-3.4%	275M+1.1%	272M-3.0%	280M-1.7%	285M-6.3%	304M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$4.2B+10.4%	$3.9B+9.0%	$3.9B+8.8%	$3.8B+5.8%	$3.8B+8.2%	$3.6B+14.0%	$3.6B+15.9%	$3.5B+14.4%
Cost of Revenue	$1.2B+7.1%	$1.2B+5.7%	$1.1B+5.3%	$1.1B+3.8%	$1.2B+3.8%	$1.1B+7.3%	$1.1B+7.0%	$1.1B+5.1%
Gross Profit	$2.9B+11.9%	$2.7B+10.5%	$2.8B+10.2%	$2.6B+6.7%	$2.6B+10.3%	$2.5B+17.3%	$2.5B+20.2%	$2.5B+19.1%
SG&A Expenses	$802.0M+5.0%	$1.0B+12.9%	$805.0M-1.2%	$803.0M+8.4%	$764.0M+7.0%	$926.0M-1.7%	$815.0M+10.0%	$741.0M-3.9%
Operating Income	$2.0B+26.9%	$1.7B+27.9%	$1.7B+16.8%	$1.6B+6.8%	$1.6B+13.9%	$1.3B+46.9%	$1.4B+33.5%	$1.5B+59.4%
EBITDA	$2.3B+23.4%	$2.0B+22.3%	$2.0B+14.0%	$1.8B+6.0%	$1.9B+11.9%	$1.6B+36.5%	$1.7B+27.4%	$1.7B+45.7%
Interest Expense	$96.0M+23.1%	$53.0M-24.3%	$79.0M+9.7%	$77.0M0.0%	$78.0M0.0%	$70.0M-9.1%	$72.0M-14.3%	$77.0M-12.5%
Income Tax	$404.0M+24.3%	$407.0M+41.8%	$333.0M+6.4%	$342.0M+16.7%	$325.0M+31.0%	$287.0M+91.3%	$313.0M+72.9%	$293.0M+13.1%
Net Income	$1.4B+28.0%	$1.1B+28.9%	$1.2B+21.1%	$1.1B+6.0%	$1.1B+10.0%	$879.0M+52.1%	$971.0M+30.9%	$1.0B+97.8%
EPS (Basic)	$4.69+32.1%	$3.76+31.9%	$3.86+23.7%	$3.50+8.4%	$3.55+12.3%	$2.85+54.9%	$3.12+33.3%	$3.23+101.9%
EPS (Diluted)	$4.69+32.5%	$3.76+31.9%	$3.86+24.1%	$3.50+8.4%	$3.54+12.0%	$2.85+55.7%	$3.11+33.5%	$3.23+101.9%
Diluted Shares (Avg)	298M-3.3%	N/A	305M-2.2%	306M-2.3%	308M-2.0%	N/A	312M-2.0%	313M-2.1%

Not reported in any period shown, so not listed: R&D Expenses.

SPGI Balance Sheet

SPGI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$61.2B+1.6%	$60.2B-0.6%	$60.6B-1.9%	$61.8B+311.2%	$15.0B+19.9%	$12.5B+10.5%	$11.3B+20.2%	$9.4B+0.2%	$9.4B+8.7%	$8.7B+5.9%	$8.2B+20.8%	$6.8B+11.7%	$6.1B-14.1%	$7.1B+6.5%	$6.6B
Current Assets	$6.3B+15.3%	$5.5B+6.1%	$5.1B-9.2%	$5.7B-35.7%	$8.8B+47.1%	$6.0B+27.1%	$4.7B+31.4%	$3.6B-17.0%	$4.3B+17.8%	$3.7B+11.4%	$3.3B-16.8%	$4.0B+34.7%	$2.9B-24.6%	$3.9B-9.6%	$4.3B
Cash & Equivalents	$1.7B+4.7%	$1.7B+29.1%	$1.3B+0.3%	$1.3B-80.2%	$6.5B+58.2%	$4.1B+43.3%	$2.9B+49.5%	$1.9B-31.0%	$2.8B+16.1%	$2.4B+61.5%	$1.5B-40.7%	$2.5B+61.9%	$1.5B+102.9%	$760.0M-9.0%	$835.0M
Short-Term Investments	$56.0M+180.0%	$20.0M-23.1%	$26.0M+85.7%	$14.0M+27.3%	$11.0M+22.2%	$9.0M-67.9%	$28.0M+55.6%	$18.0M+50.0%	$12.0M+50.0%	$8.0M+33.3%	$6.0M+100.0%	$3.0M-83.3%	$18.0M+1700.0%	$1.0M-96.6%	$29.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$263.0M
Accounts Receivable	$3.4B+20.0%	$2.9B+1.5%	$2.8B+13.3%	$2.5B+51.2%	$1.6B+3.6%	$1.6B+1.0%	$1.6B+8.8%	$1.4B+9.9%	$1.3B+17.6%	$1.1B+13.2%	$991.0M+6.3%	$932.0M-1.8%	$949.0M-0.5%	$954.0M+35.9%	$702.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$36.5B+4.5%	$34.9B+0.2%	$34.9B+0.9%	$34.5B+885.3%	$3.5B-6.1%	$3.7B+4.5%	$3.6B+1.1%	$3.5B+18.3%	$3.0B+1.4%	$2.9B+2.3%	$2.9B+107.8%	$1.4B-1.6%	$1.4B-1.8%	$1.4B+30.0%	$1.1B
Total Liabilities	$25.0B+10.3%	$22.7B+1.0%	$22.5B+2.0%	$22.0B+69.6%	$13.0B+8.0%	$12.0B+10.7%	$10.9B+52.3%	$7.1B-2.3%	$7.3B+6.1%	$6.9B-1.9%	$7.0B+29.4%	$5.4B+38.8%	$3.9B-27.7%	$5.4B+7.3%	$5.0B
Current Liabilities	$7.6B+19.5%	$6.4B+4.4%	$6.1B+2.1%	$6.0B+57.2%	$3.8B+6.4%	$3.6B+16.0%	$3.1B+17.6%	$2.6B-18.2%	$3.2B+23.1%	$2.6B-10.2%	$2.9B-25.8%	$3.9B+65.3%	$2.4B-35.3%	$3.7B+8.8%	$3.4B
Non-Current Liabilities	$17.4B+6.7%	$16.3B-0.3%	$16.4B+2.0%	$16.0B+74.8%	$9.2B+8.7%	$8.4B+8.6%	$7.8B+72.5%	$4.5B+10.1%	$4.1B-4.3%	$4.3B+4.0%	$4.1B+173.4%	$1.5B-2.0%	$1.5B-11.5%	$1.7B+4.1%	$1.7B
Long-Term Debt	$12.4B+8.6%	$11.4B-0.2%	$11.4B+6.4%	$10.7B+160.8%	$4.1B+0.1%	$4.1B+4.1%	$3.9B+7.8%	$3.7B+15.5%	$3.2B-11.1%	$3.6B+2.8%	$3.5B+336.2%	$795.0M-0.5%	$799.0M0.0%	$799.0M+0.1%	$798.0M
Total Equity	$31.1B-6.1%	$33.2B-3.0%	$34.2B-6.0%	$36.4B+1690.7%	$2.0B+299.2%	$509.0M+6.3%	$479.0M-23.7%	$628.0M-11.4%	$709.0M+9.1%	$650.0M+235.1%	$194.0M-60.2%	$488.0M-62.5%	$1.3B+69.6%	$767.0M-49.1%	$1.5B
Retained Earnings	$23.7B+12.8%	$21.0B+12.0%	$18.7B+5.3%	$17.8B+18.4%	$15.0B+12.3%	$13.4B+9.5%	$12.2B+8.2%	$11.3B+12.6%	$10.0B+8.8%	$9.2B+20.6%	$7.6B+9.9%	$6.9B-5.9%	$7.4B+13.2%	$6.5B-14.9%	$7.7B

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$60.8B+1.5%	$61.2B+1.6%	$59.7B-1.0%	$60.4B-0.9%	$59.9B-1.0%	$60.2B-0.6%	$60.4B-0.3%	$61.0B+0.4%
Current Assets	$6.3B+18.4%	$6.3B+15.3%	$5.7B+8.7%	$5.9B+4.2%	$5.3B-1.6%	$5.5B+6.1%	$5.2B+8.3%	$5.6B+19.5%
Cash & Equivalents	$1.8B+23.2%	$1.7B+4.7%	$1.7B-1.4%	$1.8B-9.4%	$1.5B-4.8%	$1.7B+29.1%	$1.7B+3.1%	$2.0B+30.6%
Short-Term Investments	$0	$56.0M+180.0%	$0	$0	$0	$20.0M-23.1%	$0	$0
Accounts Receivable	$3.5B+13.4%	$3.4B+20.0%	$2.9B+8.4%	$3.0B+10.0%	$3.1B+3.4%	$2.9B+1.5%	$2.6B+3.5%	$2.7B+6.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$36.4B+4.0%	$36.5B+4.5%	$34.9B-0.2%	$35.1B+0.3%	$35.0B+0.6%	$34.9B+0.2%	$35.0B+0.6%	$35.0B+0.4%
Total Liabilities	$24.6B+10.9%	$25.0B+10.3%	$22.1B+0.3%	$22.4B+2.1%	$22.2B-0.3%	$22.7B+1.0%	$22.0B+2.0%	$22.0B+1.6%
Current Liabilities	$9.3B+57.7%	$7.6B+19.5%	$5.8B+5.4%	$6.0B+8.8%	$5.9B+0.7%	$6.4B+4.4%	$5.5B+5.5%	$5.5B-8.8%
Non-Current Liabilities	$15.3B-6.1%	$17.4B+6.7%	$16.2B-1.4%	$16.5B-0.1%	$16.2B-0.7%	$16.3B-0.3%	$16.5B+0.9%	$16.5B+5.6%
Long-Term Debt	$10.6B-6.7%	$12.4B+8.6%	$11.4B-0.1%	$11.4B-0.1%	$11.4B-0.1%	$11.4B-0.2%	$11.4B-0.1%	$11.4B+6.8%
Total Equity	$31.2B-6.6%	$31.1B-6.1%	$33.1B-2.5%	$33.4B-4.3%	$33.4B-2.8%	$33.2B-3.0%	$34.0B-4.0%	$34.9B-1.7%
Retained Earnings	$24.8B+13.8%	$23.7B+12.8%	$23.3B+14.4%	$22.4B+12.3%	$21.8B+12.2%	$21.0B+12.0%	$20.4B+8.8%	$20.0B+9.2%

Not reported in any period shown, so not listed: Inventory.

SPGI Cash Flow Statement

SPGI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$5.7B	$5.7B-0.7%	$5.7B+53.3%	$3.7B+42.5%	$2.6B-27.7%	$3.6B+0.9%	$3.6B+28.5%	$2.8B+34.5%	$2.1B+2.4%	$2.0B+29.2%	$1.6B+338.2%	$356.0M-70.6%	$1.2B+54.6%	$782.0M+7.1%	$730.0M-21.0%	$924.0M
Depreciation & Amortization	N/A	$1.2B+0.5%	$1.2B+2.6%	$1.1B+12.8%	$1.0B+469.1%	$178.0M-13.6%	$206.0M+1.0%	$204.0M-1.0%	$206.0M+14.4%	$180.0M-0.6%	$181.0M+15.3%	$157.0M+17.2%	$134.0M-2.2%	$137.0M-2.8%	$141.0M+11.9%	$126.0M
Stock-Based Compensation	N/A	$236.0M-4.5%	$247.0M+44.4%	$171.0M-20.1%	$214.0M+75.4%	$122.0M+35.6%	$90.0M+15.4%	$78.0M-17.0%	$94.0M-5.1%	$99.0M+30.3%	$76.0M-2.6%	$78.0M-22.0%	$100.0M+4.2%	$96.0M+6.7%	$90.0M+16.9%	$77.0M
Capital Expenditures	$179.0M	$195.0M+57.3%	$124.0M-13.3%	$143.0M+60.7%	$89.0M+154.3%	$35.0M-53.9%	$76.0M-33.9%	$115.0M+1.8%	$113.0M-8.1%	$123.0M+7.0%	$115.0M-17.3%	$139.0M+51.1%	$92.0M-21.4%	$117.0M+21.9%	$96.0M+4.3%	$92.0M
Free Cash Flow	$5.6B	$5.5B-2.0%	$5.6B+56.0%	$3.6B+41.9%	$2.5B-29.4%	$3.6B+2.1%	$3.5B+31.2%	$2.7B+36.4%	$2.0B+3.1%	$1.9B+31.0%	$1.4B+565.9%	$217.0M-80.6%	$1.1B+68.0%	$665.0M+4.9%	$634.0M-23.8%	$832.0M
Investing Cash Flow	-$334.0M	-$704.0M-176.1%	-$255.0M-145.4%	$562.0M-84.5%	$3.6B+3123.3%	-$120.0M+50.0%	-$240.0M-83.2%	-$131.0M+74.5%	-$513.0M-145.5%	-$209.0M-117.8%	$1.2B+146.4%	-$2.5B-3784.6%	-$65.0M+50.0%	-$130.0M+47.2%	-$246.0M+9.2%	-$271.0M
Financing Cash Flow	-$5.1B	-$4.9B+1.4%	-$5.0B-16.8%	-$4.3B+62.2%	-$11.3B-1018.1%	-$1.0B+53.2%	-$2.2B-23.7%	-$1.8B+23.5%	-$2.3B-51.8%	-$1.5B+9.3%	-$1.7B-223.2%	$1.3B+392.0%	-$462.0M+73.5%	-$1.7B-92.6%	-$905.0M+45.5%	-$1.7B
Dividends Paid	$1.2B	$1.2B+3.2%	$1.1B-1.1%	$1.1B+12.0%	$1.0B+37.8%	$743.0M+15.2%	$645.0M+15.2%	$560.0M+11.3%	$503.0M+19.5%	$421.0M+10.8%	$380.0M+4.7%	$363.0M+11.3%	$326.0M+5.8%	$308.0M-68.7%	$984.0M+232.4%	$296.0M
Share Buybacks	$5.4B	$5.0B+51.5%	$3.3B0.0%	$3.3B-72.5%	$12.0B	$0-100.0%	$1.2B-6.1%	$1.2B-25.3%	$1.7B+65.8%	$1.0B-10.9%	$1.1B+15.3%	$974.0M+169.1%	$362.0M-63.0%	$978.0M+231.5%	$295.0M-80.3%	$1.5B

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$1.0B+8.8%	$1.7B+0.5%	$1.5B+4.2%	$1.4B-7.1%	$953.0M+0.5%	$1.7B+30.4%	$1.4B+42.6%	$1.6B+102.3%
Depreciation & Amortization	$307.0M+4.8%	$296.0M-2.0%	$294.0M+0.3%	$296.0M+1.7%	$293.0M+2.1%	$302.0M+4.5%	$293.0M+3.9%	$291.0M+2.1%
Stock-Based Compensation	$39.0M-17.0%	N/A	N/A	N/A	$47.0M+42.4%	N/A	N/A	N/A
Capital Expenditures	$27.0M-37.2%	$46.0M+39.4%	$45.0M+28.6%	$61.0M+90.6%	$43.0M+79.2%	$33.0M-31.3%	$35.0M-2.8%	$32.0M+3.2%
Free Cash Flow	$1.0B+11.0%	$1.7B-0.3%	$1.5B+3.5%	$1.4B-9.2%	$910.0M-1.5%	$1.7B+32.7%	$1.4B+44.3%	$1.5B+106.5%
Investing Cash Flow	$291.0M+468.4%	-$472.0M-6842.9%	-$101.0M-277.2%	-$52.0M+82.6%	-$79.0M-295.0%	$7.0M+115.6%	$57.0M+216.3%	-$299.0M-132.9%
Financing Cash Flow	-$1.2B-12.1%	-$1.2B+30.0%	-$1.6B+16.5%	-$1.1B-41.6%	-$1.1B-67.9%	-$1.7B-2.4%	-$1.9B-119.3%	-$748.0M+50.7%
Dividends Paid	$288.0M-2.4%	$290.0M+3.6%	$291.0M+3.2%	$294.0M+2.8%	$295.0M+3.1%	$280.0M-1.1%	$282.0M-1.4%	$286.0M-0.7%
Share Buybacks	$1.0B+53.8%	$2.5B+92.3%	$1.2B-20.1%	$651.0M	$650.0M+30.0%	$1.3B0.0%	$1.5B+200.2%	$0-100.0%

SPGI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SPGI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	70.3%+0.9pp	69.3%+2.5pp	66.9%+0.4pp	66.4%-7.3pp	73.7%+1.9pp	71.9%+1.4pp	70.5%-0.1pp	70.6%-1.4pp	72.1%+3.4pp	68.7%+1.0pp	67.7%+0.3pp	67.3%+0.6pp	66.7%+0.3pp	66.4%+1.5pp	64.9%
Operating Margin	42.2%+3.0pp	39.3%+7.1pp	32.2%-12.0pp	44.2%-6.7pp	50.9%+2.3pp	48.6%+0.4pp	48.2%+3.6pp	44.6%+2.0pp	42.6%-16.4pp	59.0%+22.9pp	36.1%+33.8pp	2.2%-26.6pp	28.9%+1.5pp	27.4%+0.2pp	27.2%
Net Margin	29.1%+2.0pp	27.1%+6.1pp	21.0%-8.0pp	29.0%-7.4pp	36.4%+5.0pp	31.4%-0.3pp	31.7%+0.4pp	31.3%+6.6pp	24.7%-12.5pp	37.2%+15.4pp	21.8%+24.0pp	-2.3%-31.5pp	29.3%+19.0pp	10.2%-12.8pp	23.0%
Return on Equity	14.4%+2.7pp	11.6%+3.9pp	7.7%-1.3pp	8.9%-139.9pp	148.8%-310.7pp	459.5%+16.3pp	443.2%+131.4pp	311.8%+100.8pp	211.0%-113.0pp	324.0%-271.9pp	595.9%+619.4pp	-23.6%-129.3pp	105.8%+48.8pp	57.0%-3.4pp	60.4%
Return on Assets	7.3%+0.9pp	6.4%+2.1pp	4.3%-0.9pp	5.3%-14.9pp	20.1%+1.5pp	18.7%-0.1pp	18.7%-2.0pp	20.7%+4.9pp	15.9%-8.4pp	24.3%+10.2pp	14.1%+15.8pp	-1.7%-24.4pp	22.7%+16.5pp	6.2%-7.6pp	13.8%
Current Ratio	0.820.0x	0.850.0x	0.84-0.1x	0.94-1.4x	2.31+0.6x	1.67+0.1x	1.52+0.2x	1.360.0x	1.35-0.1x	1.41+0.3x	1.13+0.1x	1.01-0.2x	1.24+0.2x	1.06-0.2x	1.28
Debt-to-Equity	0.40+0.1x	0.340.0x	0.330.0x	0.29-1.7x	2.02-6.1x	8.07-0.2x	8.24+2.4x	5.83+1.4x	4.47-1.0x	5.48-12.4x	17.88+16.2x	1.63+1.0x	0.61-0.4x	1.04+0.5x	0.53
Asset Turnover	0.250.0x	0.240.0x	0.210.0x	0.18-0.4x	0.550.0x	0.590.0x	0.59-0.1x	0.660.0x	0.640.0x	0.650.0x	0.65-0.1x	0.750.0x	0.78+0.2x	0.610.0x	0.60
FCF Margin	35.6%-3.6pp	39.2%+10.6pp	28.5%+6.1pp	22.5%-20.5pp	42.9%-4.0pp	46.9%+7.2pp	39.7%+8.5pp	31.2%0.0pp	31.2%+5.7pp	25.5%+21.5pp	4.1%-18.0pp	22.1%+8.0pp	14.1%-0.7pp	14.8%-6.2pp	21.0%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	70.4%+0.9pp	70.1%+0.9pp	71.2%+1.0pp	70.2%+0.6pp	69.5%+1.3pp	69.2%+1.9pp	70.2%+2.5pp	69.6%+2.7pp
Operating Margin	48.0%+6.2pp	42.8%+6.3pp	43.1%+3.0pp	41.3%+0.4pp	41.8%+2.1pp	36.4%+8.2pp	40.1%+5.3pp	40.9%+11.5pp
Net Margin	33.5%+4.6pp	28.9%+4.5pp	30.3%+3.1pp	28.5%+0.1pp	28.9%+0.5pp	24.5%+6.1pp	27.2%+3.1pp	28.5%+12.0pp
Return on Equity	4.5%+1.2pp	3.6%+1.0pp	3.5%+0.7pp	3.2%+0.3pp	3.3%+0.4pp	2.6%+1.0pp	2.9%+0.8pp	2.9%+1.5pp
Return on Assets	2.3%+0.5pp	1.8%+0.4pp	2.0%+0.4pp	1.8%+0.1pp	1.8%+0.2pp	1.5%+0.5pp	1.6%+0.4pp	1.7%+0.8pp
Current Ratio	0.68-0.2x	0.820.0x	0.970.0x	0.980.0x	0.900.0x	0.850.0x	0.940.0x	1.03+0.2x
Debt-to-Equity	0.340.0x	0.40+0.1x	0.340.0x	0.340.0x	0.340.0x	0.340.0x	0.340.0x	0.330.0x
Asset Turnover	0.070.0x	0.060.0x	0.070.0x	0.060.0x	0.060.0x	0.060.0x	0.060.0x	0.060.0x
FCF Margin	24.2%+0.1pp	43.5%-4.1pp	37.5%-1.9pp	36.9%-6.1pp	24.1%-2.4pp	47.5%+6.7pp	39.4%+7.8pp	42.9%+19.1pp

Note: The current ratio is below 1.0 (0.82), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
S&P Global Inc. SPGI	FY2025	$15.3B	$4.5B	29.1%	$121.5B	61/100
Moody's Corporation MCO	FY2025	$7.7B	$2.5B	31.9%	$80.4B	75/100
Intercontinental Exchange Inc. ICE	FY2025	$12.6B	$3.3B	26.2%	$87.7B	63/100
CME Group Inc. CME	FY2025	$6.5B	$4.1B	62.5%	$100.9B	60/100
Nasdaq, Inc. NDAQ	FY2025	$8.3B	$1.8B	21.6%	$52.3B	61/100
MSCI, Inc. MSCI	FY2025	$3.1B	$1.2B	38.4%	$41.1B	66/100

Where S&P Global Inc. Ranks

Frequently Asked Questions

What is S&P Global Inc.'s annual revenue?

S&P Global Inc. (SPGI) reported $15.3B in total revenue for fiscal year 2025. This represents a 7.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is S&P Global Inc.'s revenue growing?

S&P Global Inc. (SPGI) revenue grew by 7.9% year-over-year, from $14.2B to $15.3B in fiscal year 2025.

Is S&P Global Inc. profitable?

Yes, S&P Global Inc. (SPGI) reported a net income of $4.5B in fiscal year 2025, with a net profit margin of 29.1%.

What is S&P Global Inc.'s EBITDA?

S&P Global Inc. (SPGI) had EBITDA of $7.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does S&P Global Inc. have?

As of fiscal year 2025, S&P Global Inc. (SPGI) had $1.7B in cash and equivalents against $12.4B in long-term debt.

What is S&P Global Inc.'s gross margin?

S&P Global Inc. (SPGI) had a gross margin of 70.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is S&P Global Inc.'s operating margin?

S&P Global Inc. (SPGI) had an operating margin of 42.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is S&P Global Inc.'s net profit margin?

S&P Global Inc. (SPGI) had a net profit margin of 29.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does S&P Global Inc. pay dividends?

Yes, S&P Global Inc. (SPGI) paid $3.84 per share in dividends during fiscal year 2025.

What is S&P Global Inc.'s return on equity (ROE)?

S&P Global Inc. (SPGI) has a return on equity of 14.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is S&P Global Inc.'s free cash flow?

S&P Global Inc. (SPGI) generated $5.5B in free cash flow during fiscal year 2025. This represents a -2.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is S&P Global Inc.'s operating cash flow?

S&P Global Inc. (SPGI) generated $5.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are S&P Global Inc.'s total assets?

S&P Global Inc. (SPGI) had $61.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are S&P Global Inc.'s capital expenditures?

S&P Global Inc. (SPGI) invested $195.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does S&P Global Inc. buy back shares?

Yes, S&P Global Inc. (SPGI) spent $5.0B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does S&P Global Inc. have outstanding?

S&P Global Inc. (SPGI) had 299M shares outstanding as of fiscal year 2025.

What is S&P Global Inc.'s current ratio?

S&P Global Inc. (SPGI) had a current ratio of 0.82 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is S&P Global Inc.'s debt-to-equity ratio?

S&P Global Inc. (SPGI) had a debt-to-equity ratio of 0.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is S&P Global Inc.'s return on assets (ROA)?

S&P Global Inc. (SPGI) had a return on assets of 7.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is S&P Global Inc.'s P/E ratio?

S&P Global Inc. (SPGI) trades at 25.4x earnings, its market capitalization divided by net income of $4.8B net income, trailing 12 months to March 31, 2026. The market capitalization is $121.5B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is S&P Global Inc.'s price-to-sales ratio?

S&P Global Inc. (SPGI) trades at 7.7x sales, its market capitalization divided by revenue of $15.7B revenue, trailing 12 months to March 31, 2026. The market capitalization is $121.5B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is S&P Global Inc.'s Altman Z-Score?

S&P Global Inc. (SPGI) has an Altman Z-Score of 4.03, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is S&P Global Inc.'s Piotroski F-Score?

S&P Global Inc. (SPGI) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are S&P Global Inc.'s earnings high quality?

S&P Global Inc. (SPGI) has an earnings quality ratio of 1.26x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can S&P Global Inc. cover its interest payments?

S&P Global Inc. (SPGI) has an interest coverage ratio of 22.57x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is S&P Global Inc.?

S&P Global Inc. (SPGI) scores 61 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.