S&P Global Inc. SPGI

403.30 0.05 0.01% as of 25 Sep
Market cap
$119.1B
P/E
24.6×
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S&P Global Inc. (SPGI) Gross margin

S&P Global Inc.'s gross margin over the twelve months to 30 June 2026 was 70.9%, up 0.6 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 70.9% and in line with the Financial sector median of 69.9%.

Gross margin, annual

Annual

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

Period Gross margin Change (points)
Jun 2026 71.9% 1.51
Mar 2026 70.4% 0.27
Dec 2025 70.1% (1.05)
Sep 2025 71.2% 0.97
42 more quarters

Against its own ten years

Low 66.4% High 73.7%
Ten-year median 70.3%
Current reading's percentile 55

Gross margin against peers

Company Gross margin
CME CME Group Inc. compare 100.0%
ICE Intercontinental Exchange Inc. compare 98.6%
COIN Coinbase Global, Inc. compare 86.4%
MSCI MSCI Inc compare 83.0%
MCO Moody's Corporation compare 75.0%
SPGI S&P Global Inc. 70.9%
NDAQ Nasdaq, Inc. compare 64.3%
TRU TransUnion compare 58.7%
CBOE Cboe Global Markets, Inc. compare 54.1%
Financial Data & Stock Exchanges industry median 70.9%
Financial sector median 69.9%
Market median 46.3%

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

The full definition of Gross margin →

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