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Overview

S&P Global Inc.

SPGINYSEFinancialsServices-Consumer Credit Reporting, Collection AgenciesCIK 0000064040Large-cap benchmark

Latest 10-K: FY2025, filed Feb 11, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$15.34B
7.9%YoYup from FY2024
TotalRevenue
Gross profit
$10.77B
9.4%YoYup from FY2024
GrossProfit
Operating income
$6.48B
16.1%YoYup from FY2024
OperatingIncome
Net income
$4.47B
16.1%YoYup from FY2024
NetIncome
Diluted EPS
$14.66
18.7%YoYup from FY2024
EPSDiluted
Diluted shares
305.1M
2.2%YoYdown from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • S&P Global Inc. reported revenue of $15.34B for fiscal 2025, up 7.9% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.

Profitability

  • Operating margin was 42.2% and net margin was 29.2%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $14.66, up 18.7% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Nov 1, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$15.34B7.9%up
Benchmark median 6.4%
$14.21B13.7%up
Benchmark median 4.5%
$12.50B11.8%up
Benchmark median 4.8%
$11.18B34.8%up
Benchmark median 10.3%
$8.30B11.5%up
Benchmark median 13.8%
16.6%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
$10.77B9.4%up
Benchmark median 6.8%
$9.85B17.8%up
Benchmark median 5.5%
$8.36B12.5%up
Benchmark median 5.2%
$7.43B21.4%up
Benchmark median 8.3%
$6.12B14.4%up
Benchmark median 15.7%
15.2%
Benchmark median 6.2%
Operating Income
Median of 373 / 498
$6.48B16.1%up
Benchmark median 7.3%
$5.58B38.8%up
Benchmark median 7.4%
$4.02B18.7%down
Benchmark median 4.9%
$4.94B17.1%up
Benchmark median 7.5%
$4.22B16.7%up
Benchmark median 23.5%
11.3%
Benchmark median 7.2%
Net Income
$4.47B16.1%up
Benchmark median 4.8%
$3.85B46.7%up
Benchmark median 5.7%
$2.63B19.2%down
Benchmark median 1.9%
$3.25B7.4%up
Benchmark median 1.3%
$3.02B29.3%up
Benchmark median 33.9%
10.3%
Benchmark median 4.1%
EPS (Diluted)
$14.6618.7%up
Benchmark median 6.2%
$12.3550.1%up
Benchmark median 7.9%
$8.2319.3%down
Benchmark median 1.9%
$10.2018.5%down
Benchmark median 1.5%
$12.5129.5%up
Benchmark median 34.8%
4.0%
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$61.20B1.6%up
Benchmark median 5.6%
$60.22B0.6%down
Benchmark median 3.4%
$60.59B1.9%down
Benchmark median 4.1%
$61.78B311.2%up
Benchmark median 2.2%
$15.03B19.9%up
Benchmark median 6.7%
42.1%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
$25.05B10.3%up
Benchmark median 6.4%
$22.71B1.0%up
Benchmark median 1.9%
$22.49B2.0%up
Benchmark median 2.9%
$22.04B132.2%up
Benchmark median 2.0%
$9.49B3.3%up
Benchmark median 5.2%
27.5%
Benchmark median 4.4%
Stockholders' Equity
$31.23B6.1%down
Benchmark median 6.8%
$33.26B3.0%down
Benchmark median 5.4%
$34.30B6.0%down
Benchmark median 7.3%
$36.48B1631.2%up
Benchmark median 2.5%
$2.11B269.0%up
Benchmark median 9.0%
96.2%
Benchmark median 6.1%
Cash & Equivalents
$1.75B4.7%up
Benchmark median 5.2%
$1.67B29.1%up
Benchmark median 1.9%
$1.29B0.3%up
Benchmark median 6.7%
$1.29B80.2%down
Benchmark median -8.6%
$6.50B58.2%up
Benchmark median -2.9%
-28.0%
Benchmark median 2.0%
Total Debt
$13.09B†14.8%up
Benchmark median 2.1%
$11.40B†0.5%down
Benchmark median 0.2%
$11.46B†4.6%up
Benchmark median 0.3%
$10.96B†166.3%up
Benchmark median 0.1%
$4.11B†0.1%up
Benchmark median -0.1%
33.6%
Benchmark median 4.3%

† Sum of short-term and long-term debt; the company files no total-debt line.

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$5.65B0.7%down
Benchmark median 6.3%
$5.69B53.3%up
Benchmark median 4.8%
$3.71B42.5%up
Benchmark median 9.9%
$2.60B27.7%down
Benchmark median -0.7%
$3.60B0.9%up
Benchmark median 10.7%
11.9%
Benchmark median 7.0%
Capital Expenditures
$195.00M57.3%up
Benchmark median 5.4%
$124.00M13.3%down
Benchmark median 2.8%
$143.00M60.7%up
Benchmark median 11.3%
$89.00M154.3%up
Benchmark median 14.0%
$35.00M53.9%down
Benchmark median 8.1%
53.6%
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$5.46B2.0%down
Benchmark median 7.3%
$5.57B56.0%up
Benchmark median 6.1%
$3.57B41.9%up
Benchmark median 8.8%
$2.51B29.4%down
Benchmark median -11.3%
$3.56B2.1%up
Benchmark median 10.2%
11.2%
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

2.8%

Wall Street

on net earnings

FY2024 2.5%

3.4%

Value investor

on free cash flow

FY2024 3.6%

Gap +0.6 pts: Value-investor figure 0.6 points higher

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 35.6×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on SPGI yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on SPGI and publish the result to your public profile.

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Cite this page

Data as of Nov 1, 2026. Canonical address: https://valuein.biz/data/SPGI

APA-style text
Valuein. (2026, November 1). S&P Global Inc. (SPGI) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/SPGI
BibTeX
@misc{valuein_spgi_2026,
  author = {{Valuein}},
  title = {S\&P Global Inc. (SPGI) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/SPGI}},
  note = {Data as of 2026-11-01; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 11, 2026 · accession 0000064040-26-000013

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

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