S&P Global Inc. (SPGI)

SPGI Income Statement

Revenue, expenses, and profitability analysis

SPGI Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	11.085B	2.936B	2.746B	2.767B	2.636B	2.624B	2.478B	2.503B	2.464B
Revenue	15.730B	4.171B	3.916B	3.888B	3.755B	3.777B	3.592B	3.575B	3.549B
Cost of Goods Sold	4.645B	1.235B	1.170B	1.121B	1.119B	1.153B	1.114B	1.072B	1.085B
Gross Profit Margin	70.4%	70.4%	70.1%	71.2%	70.2%	69.5%	69.0%	70.0%	69.4%
Total Operating Expenses	4.183B	934.000M	1.072B	1.092B	1.085B	1.046B	1.169B	1.069B	1.012B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.653B	0.00	1.045B	805.000M	803.000M	764.000M	919.000M	808.000M	734.000M
Operating Income (EBIT)	6.902B	2.002B	1.674B	1.675B	1.551B	1.578B	1.309B	1.434B	1.452B
Operating Margin	48.0%	48.0%	42.7%	43.1%	41.3%	41.8%	36.4%	40.1%	40.9%
Income Before Tax (EBT)	6.639B	1.908B	1.631B	1.598B	1.502B	1.496B	1.254B	1.360B	1.378B
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	306.000M	96.000M	54.000M	79.000M	77.000M	78.000M	70.000M	72.000M	77.000M
Other Income/Expense	-263.000M	-94.000M	-43.000M	-77.000M	-49.000M	-82.000M	-55.000M	-74.000M	-74.000M
Net Income	4.777B	1.395B	1.134B	1.176B	1.072B	1.090B	880.000M	971.000M	1.011B
Income Tax Expense	1.486B	404.000M	407.000M	333.000M	342.000M	325.000M	287.000M	313.000M	293.000M
Net Profit Margin	33.4%	33.4%	29.0%	30.2%	28.5%	28.9%	24.5%	27.2%	28.5%
EBITDA	7.830B	2.002B	1.982B	1.971B	1.875B	1.867B	1.624B	1.726B	1.747B
EBITDA Margin	48.0%	48.0%	50.6%	50.7%	49.9%	49.4%	45.2%	48.3%	49.2%
Depreciation & Amortization	887.000M	0.00	297.000M	294.000M	296.000M	293.000M	300.000M	294.000M	292.000M
EPS Basic	15.81	4.69	3.76	3.86	3.50	3.55	2.85	3.12	3.23
EPS Diluted	15.80	4.69	3.75	3.86	3.50	3.54	2.85	3.12	3.23
Shares Outstanding	297.300M	297.300M	301.800M	304.300M	305.900M	307.300M	311.600M	311.200M	313.000M
Diluted Shares Outstanding	297.600M	297.600M	302.100M	304.500M	306.100M	307.700M	311.900M	311.500M	313.200M

SPGI Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	10.773B	9.817B	8.356B	7.428B	6.117B	5.348B	4.723B	4.420B
Revenue	15.336B	14.208B	12.497B	11.181B	8.297B	7.442B	6.699B	6.258B
Cost of Goods Sold	4.563B	4.391B	4.141B	3.753B	2.180B	2.094B	1.976B	1.838B
Gross Profit Margin	70.2%	69.1%	66.9%	66.4%	73.7%	71.9%	70.5%	70.6%
Total Operating Expenses	4.295B	4.237B	4.336B	2.484B	1.896B	1.731B	1.497B	1.630B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	3.417B	3.166B	3.159B	3.396B	1.729B	1.541B	1.342B	1.424B
Operating Income (EBIT)	6.478B	5.580B	4.020B	4.944B	4.221B	3.617B	3.226B	2.790B
Operating Margin	42.2%	39.3%	32.2%	44.2%	50.9%	48.6%	48.2%	44.6%
Income Before Tax (EBT)	6.227B	5.308B	3.671B	4.702B	4.164B	3.228B	2.930B	2.681B
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	287.000M	297.000M	334.000M	304.000M	119.000M	141.000M	141.000M	134.000M
Other Income/Expense	-251.000M	-272.000M	-349.000M	-242.000M	-57.000M	-389.000M	-296.000M	-109.000M
Net Income	4.471B	3.852B	2.626B	3.248B	3.024B	2.339B	2.123B	1.958B
Income Tax Expense	1.407B	1.141B	778.000M	1.180B	901.000M	694.000M	627.000M	560.000M
Net Profit Margin	29.2%	27.1%	21.0%	29.0%	36.4%	31.4%	31.7%	31.3%
EBITDA	7.693B	6.778B	5.148B	6.019B	4.461B	3.575B	3.275B	3.021B
EBITDA Margin	50.2%	47.7%	41.2%	53.8%	53.8%	48.0%	48.9%	48.3%
Depreciation & Amortization	1.179B	1.173B	1.143B	1.013B	178.000M	206.000M	204.000M	206.000M
EPS Basic	14.67	12.36	8.25	10.25	12.56	9.71	8.65	7.80
EPS Diluted	14.66	12.35	8.23	10.20	12.51	9.66	8.60	7.73
Shares Outstanding	304.800M	311.600M	318.400M	316.900M	240.800M	241.000M	245.400M	250.900M
Diluted Shares Outstanding	305.100M	311.900M	318.900M	318.500M	241.800M	242.100M	246.900M	253.200M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About S&P Global Inc.

S&P Global Inc., through its affiliated entities, delivers crucial services like credit assessments, market benchmarks, advanced analytics, and comprehensive workflow tools. Their reach extends across the worldwide capital, commodity, and automotive industries. The company is structured into six key operating segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions. S&P Global Ratings functions as an independent authority, supplying credit assessments, research, and analytical insights. It equips investors and other market players with essential data, ratings, and comparative metrics. S&P Dow Jones Indices specializes in crafting and upholding diverse valuation and index benchmarks. These are vital resources for investment advisors, wealth managers, and large institutional investors. S&P Global Commodity Insights delivers critical data and intelligence pertaining to global energy and commodity markets, empowering clients to make informed decisions. S&P Global Market Intelligence provides advanced data and technological tools, furnishing customers with insights crucial for strategic choices. Its extensive portfolio encompasses end-to-end workflow solutions, addressing areas such as capital structuring, data dissemination, ESG practices, leveraged finance, private equity, industry-specific analysis, supply chain management, issuer support, and comprehensive credit, risk, and regulatory compliance solutions. S&P Global Mobility leverages unparalleled automotive data to generate foresight, helping clients foresee market shifts and execute sound business decisions. S&P Global Engineering Solutions supplies specialized engineering knowledge and remedies across various sectors, including aerospace, defense, energy, architecture, construction, and transportation. Its offerings enable both business and technical leaders to optimize processes and make effective determinations. Established in 1860, S&P Global Inc. maintains its primary corporate offices in New York, New York.

New York City, NY

42,350 employees

www.spglobal.com

Financial Services / Financial - Data & Stock Exchanges

Sector: Financial Services
Industry: Financial - Data & Stock Exchanges
CEO: Martina L. Cheung

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