SPGI · S&P Global Inc.
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2026 (G) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | $15.73B | $15.34B | $14.21B | $12.5B | $11.18B | $8.3B | $7.44B | $6.7B | $6.26B | $6.06B | $5.66B | $5.31B | $5.05B | $4.7B | $4.27B | $3.95B | $3.64B | $5.87B | $6.36B | $6.77B | — | |
| — | $4.65B | $4.56B | $4.36B | $4.14B | $3.75B | $2.18B | $2.09B | $1.98B | $1.84B | $1.69B | $1.77B | $1.72B | $1.65B | $1.56B | $1.43B | $1.39B | $1.21B | $2.34B | $2.52B | $2.53B | — | |
| — | $11.09B | $10.77B | $9.85B | $8.36B | $7.43B | $6.12B | $5.35B | $4.72B | $4.42B | $4.37B | $3.89B | $3.6B | $3.4B | $3.14B | $2.84B | $2.57B | $2.43B | $3.53B | $3.84B | $4.24B | — | |
| — | — | 70.25% | 69.31% | 66.86% | 66.43% | 73.73% | 71.86% | 70.5% | 70.63% | 72.06% | 68.68% | 67.66% | 67.31% | 66.74% | 66.44% | 64.92% | 66.86% | 60.15% | 60.37% | 62.68% | — | |
| — | $3.46B | $3.42B | $3.2B | $3.16B | $3.4B | $1.73B | $1.54B | $1.34B | $1.42B | $1.61B | $1.47B | $1.53B | $3.14B | $1.63B | $1.58B | $1.38B | $1.32B | $2.11B | $2.28B | $2.42B | — | |
| — | $1.08B | $1.07B | $1.08B | $1.04B | $905M | $96M | $123M | $122M | $122M | $98M | $96M | $67M | $48M | $51M | $48M | $33M | $21M | $50M | $58.5M | $48.4M | — | |
| — | — | $1.18B | $1.17B | $1.14B | $1.01B | $178M | $206M | $204M | $206M | $180M | $181M | $157M | $134M | $137M | $141M | $126M | $108M | $450M | $478.7M | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $39M | $66M | — | $24.3M | $73.4M | — | $31.5M | |
| — | — | — | — | — | — | — | — | $3.52B | $3.47B | $3.48B | $3.42B | $3.41B | $4.93B | $3.33B | $3.15B | $2.89B | $2.62B | $4.61B | $4.98B | $5.11B | — | |
| — | $9.29B | $9.16B | $8.73B | $8.44B | $8.16B | $4.09B | $3.84B | $3.52B | $3.47B | $3.48B | — | — | — | — | — | — | — | — | — | — | — | |
| — | $6.9B | $6.48B | $5.58B | $4.02B | $4.94B | $4.22B | $3.62B | $3.23B | $2.79B | $2.58B | $3.34B | $1.92B | $113M | $1.36B | $1.17B | $1.08B | $1.03B | $1.26B | $1.37B | $1.68B | — | |
| — | — | 42.24% | 39.27% | 32.17% | 44.22% | 50.87% | 48.6% | 48.16% | 44.58% | 42.6% | 59.02% | 36.08% | 2.24% | 28.88% | 27.4% | 27.24% | 28.19% | 21.45% | 21.63% | 24.76% | — | |
| — | — | $7.66B | $6.75B | $5.16B | $5.96B | $4.4B | $3.82B | $3.43B | $3B | $2.76B | $3.52B | $2.07B | $247M | $1.5B | $1.31B | $1.2B | $1.13B | $1.71B | $1.85B | — | — | |
| — | $305M | $287M | $297M | $334M | $304M | $119M | $141M | $141M | $134M | $149M | $181M | $102M | $59M | $59M | $81M | $77M | $83M | $77M | $75.62M | $40.58M | — | |
| — | $42M | $36M | $25M | -$15M | $70M | $62M | $31M | -$98M | $25M | $27M | $28M | — | — | — | — | — | — | — | — | — | — | |
| — | $17M | $28M | $43M | $36M | $27M | $0 | $0 | -$19M | -$5M | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | $22M | $14M | $1M | -$15M | $59M | $17M | -$1M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | $6.64B | $6.23B | $5.31B | $3.67B | $4.7B | $4.16B | $3.23B | $2.93B | $2.68B | $2.46B | $3.19B | $1.82B | $54M | $1.3B | $1.09B | $1B | $943M | $1.18B | $1.3B | $1.64B | — | |
| — | $1.49B | $1.41B | $1.14B | $778M | $1.18B | $901M | $694M | $627M | $560M | $823M | $960M | $547M | $245M | $425M | $388M | $374M | $344M | $429M | $479.7M | $608.97M | — | |
| — | $4.78B | $4.47B | $3.85B | $2.63B | $3.25B | $3.02B | $2.34B | $2.12B | $1.96B | $1.5B | $2.11B | $1.16B | -$115M | $1.38B | $437M | $911M | $828M | $731M | $799.49M | $1.01B | — | |
| — | — | 29.15% | 27.11% | 21.01% | 29.05% | 36.45% | 31.43% | 31.69% | 31.29% | 24.67% | 37.2% | 21.76% | -2.28% | 29.26% | 10.23% | 23.04% | 22.75% | 12.45% | 12.58% | 14.97% | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $23M | $24M | $19M | $19.87M | $13.8M | — | |
| — | $4.87B | $4.66B | $3.73B | $2.75B | $3.2B | $2.82B | $2.33B | $2.24B | $1.86B | $1.62B | $1.93B | $1.07B | -$433M | $1.7B | $345M | $853M | $805M | — | — | — | — | |
| USD/shares | — | — | $13.88 | $11.69 | $7.81 | $9.70 | $11.88 | $9.19 | $8.18 | $7.38 | $5.53 | $7.59 | $4.03 | -$0.40 | $4.74 | $1.49 | $2.89 | $2.54 | $2.21 | $2.39 | $2.85 | — |
| USD/shares | $16.35 – $16.60 | — | $13.87G | $11.68G | $7.79G | $9.65 | $11.84 | $9.14 | $8.14 | $7.31 | $5.47 | $7.51 | $3.98 | -$0.40 | $4.65 | $1.45 | $2.84 | $2.51 | $2.20 | $2.37 | $2.78 | — |
| shares | — | — | 322.17M | 329.36M | 336.55M | 334.96M | 254.53M | 254.74M | 259.39M | 265.2M | 270.91M | 277.78M | 287.08M | 286.98M | 290.15M | 294.48M | 315.09M | 327.04M | 329.78M | 333.55M | 355.37M | — |
| shares | — | — | 322.49M | 329.68M | 337.08M | 336.65M | 255.58M | 255.9M | 260.97M | 267.63M | 273.66M | 280.32M | 290.25M | 286.98M | 295.75M | 300.82M | 320.91M | 330M | 330.84M | 336.85M | 364.44M | — |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $36.82B in buybacks, $11.14B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 8 similar-size Financial Data & Stock Exchanges companies (of 16 listed).
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Market Intelligence Segment | $4,902,000,000 | $4,633,000,000 | $4,365,000,000 | $3,797,000,000 | $2,185,000,000 | $2,046,000,000 | $1,959,000,000 | $1,833,000,000 |
| Ratings Segment | $4,549,000,000 | $4,207,000,000 | $3,177,000,000 | $2,906,000,000 | $4,097,000,000 | $3,606,000,000 | $3,106,000,000 | $2,883,000,000 |
| Energy Segment | $2,299,000,000 | $2,142,000,000 | $1,946,000,000 | — | — | — | — | — |
| Indices Segment | $1,839,000,000 | $1,617,000,000 | $1,392,000,000 | $1,328,000,000 | $1,149,000,000 | $989,000,000 | $918,000,000 | $837,000,000 |
| Mobility | $1,747,000,000 | $1,609,000,000 | $1,484,000,000 | $1,142,000,000 | — | — | — | — |
| Engineering Solutions Segment | $0 | $0 | $133,000,000 | $323,000,000 | $0 | $0 | — | — |
| Commodity Insights | — | — | — | $1,685,000,000 | — | — | — | — |
| Commodity Insights Segment | — | — | — | — | $1,012,000,000 | $938,000,000 | — | — |
| Mobility Segment | — | — | — | — | $0 | $0 | — | — |
| Platts Segment | — | — | — | — | $950,000,000 | $878,000,000 | $844,000,000 | $815,000,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| United States | $9,322,000,000 | $8,640,000,000 | $7,542,000,000 | $6,653,000,000 | $5,012,000,000 | $4,504,000,000 | $3,976,000,000 | $3,750,000,000 |
| Europe | $3,531,000,000 | $3,256,000,000 | $2,822,000,000 | $2,597,000,000 | $1,995,000,000 | $1,769,000,000 | $1,659,000,000 | $1,543,000,000 |
| Asia | $1,640,000,000 | $1,491,000,000 | $1,375,000,000 | $1,246,000,000 | $874,000,000 | $782,000,000 | $710,000,000 | $647,000,000 |
| Rest of World | $843,000,000 | $821,000,000 | $758,000,000 | $685,000,000 | $416,000,000 | $387,000,000 | $354,000,000 | $318,000,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Subscription | $7,865,000,000 | $7,346,000,000 | $6,963,000,000 | $6,201,000,000 | $3,255,000,000 | $3,037,000,000 | $2,843,000,000 | $2,682,000,000 |
| Non-Subscription Transaction | $3,144,000,000 | $2,986,000,000 | $2,093,000,000 | $1,807,000,000 | $2,320,000,000 | $2,030,000,000 | $1,625,000,000 | $1,401,000,000 |
| Non-Transaction | $2,054,000,000 | $1,858,000,000 | $1,730,000,000 | $1,640,000,000 | $1,698,000,000 | $1,500,000,000 | $1,408,000,000 | $1,408,000,000 |
| Asset Linked Fees | $1,206,000,000 | $1,046,000,000 | $859,000,000 | $862,000,000 | $800,000,000 | $648,000,000 | $623,000,000 | $542,000,000 |
| Recurring Variable Revenue | $623,000,000 | $579,000,000 | $504,000,000 | $385,000,000 | — | — | — | — |
| Sales Usage Based Royalties | $444,000,000 | $393,000,000 | $348,000,000 | $286,000,000 | $224,000,000 | $227,000,000 | $200,000,000 | $225,000,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Ratings Segment | $3,013,000,000 | $2,707,000,000 | $1,864,000,000 | $1,672,000,000 | $2,629,000,000 | $2,223,000,000 | $1,783,000,000 | $1,554,000,000 |
| Indices Segment | $1,271,000,000 | $1,103,000,000 | $925,000,000 | $927,000,000 | $798,000,000 | $666,000,000 | $632,000,000 | $566,000,000 |
| Market Intelligence Segment | $991,000,000 | $875,000,000 | $714,000,000 | $2,488,000,000 | $676,000,000 | $569,000,000 | $566,000,000 | $500,000,000 |
| Energy Segment | $943,000,000 | $845,000,000 | $704,000,000 | — | — | — | — | — |
| Mobility | $378,000,000 | $312,000,000 | $260,000,000 | $213,000,000 | — | — | — | — |
| Engineering Solutions Segment | $0 | $0 | $19,000,000 | $15,000,000 | $0 | $0 | — | — |
| Commodity Insights | — | $845,000,000 | $704,000,000 | $591,000,000 | — | — | — | — |
| Commodity Insights Segment | — | — | $704,000,000 | $591,000,000 | $544,000,000 | $478,000,000 | — | — |
| Mobility Segment | — | — | $260,000,000 | $213,000,000 | $0 | $0 | — | — |
| Platts Segment | — | — | — | — | $517,000,000 | $458,000,000 | $457,000,000 | $401,000,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Market Intelligence Segment | 20.2% | 18.9% | 16.4% | 65.5% | 30.9% | 27.8% | 28.9% | 27.3% |
| Ratings Segment | 66.2% | 64.3% | 58.7% | 57.5% | 64.2% | 61.6% | 57.4% | 53.9% |
| Energy Segment | 41% | 39.4% | 36.2% | — | — | — | — | — |
| Indices Segment | 69.1% | 68.2% | 66.5% | 69.8% | 69.5% | 67.3% | 68.8% | 67.6% |
| Mobility | 21.6% | 19.4% | 17.5% | 18.7% | — | — | — | — |
| Engineering Solutions Segment | — | — | 14.3% | 4.6% | — | — | — | — |
| Commodity Insights | — | — | — | 35.1% | — | — | — | — |
| Commodity Insights Segment | — | — | — | — | 53.8% | 51% | — | — |
| Platts Segment | — | — | — | — | 54.4% | 52.2% | 54.1% | 49.2% |