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Friday 6 November 2026
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S&P Global Inc.
SPGI Financial Financial Data & Stock Exchanges
- Revenue
- +6.83%
- EPS
- +19.8%
- Free cash flow
- +30.0%
- Total debt
- +14.7%
Quarter to September 2026, against a year earlier
467.72
4.69
−0.99%
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S&P Global Inc. (SPGI) Gross margin
S&P Global Inc.'s gross margin over the twelve months to 30 September 2026 was 71.0%, up 0.8 percentage points from fiscal 2025 (70.3%). Over the past ten years it has ranged from 66.4% (fiscal 2022) to 73.7% (fiscal 2021); the current reading is higher than 55% of that period. That is in line with the Financial Data & Stock Exchanges industry median of 72.8% and in line with the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 70.3% | 0.94 |
| FY2024 | 69.3% | 2.45 |
| FY2023 | 66.9% | 0.43 |
| FY2022 | 66.4% | (7.30) |
| FY2021 | 73.7% | 1.87 |
| FY2020 | 71.9% | 1.36 |
| FY2019 | 70.5% | (0.13) |
| FY2018 | 70.6% | (1.43) |
| FY2017 | 72.1% | 3.38 |
| FY2016 | 68.7% | 1.02 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 71.9% | (0.01) |
| Jun 2026 | 71.9% | 1.51 |
| Mar 2026 | 70.4% | 0.31 |
| Dec 2025 | 70.1% | (1.28) |
| 43 more quarters | Free account |
Against its own ten years
Low 66.4%
High 73.7%
Ten-year median
70.3%
Current reading's percentile
70
Gross margin against peers
| Company | Gross margin |
|---|---|
| CME CME Group Inc. compare | 100.0% |
| ICE Intercontinental Exchange Inc. compare | 98.7% |
| COIN Coinbase Global, Inc. compare | 85.8% |
| MSCI MSCI Inc compare | 82.9% |
| MCO Moody's Corporation compare | 74.6% |
| SPGI S&P Global Inc. | 71.0% |
| NDAQ Nasdaq, Inc. compare | 63.2% |
| TRU TransUnion compare | 58.8% |
| CBOE Cboe Global Markets, Inc. compare | 53.9% |
| Financial Data & Stock Exchanges industry median | 72.8% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on SPGI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement