S&P Global Inc.
SPGI Financial Financial Data & Stock Exchanges
S&P Global Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.3 billion, up 7.94% from fiscal 2024. In the quarter to June 2026, revenue grew 10.4%, EPS grew 16.6%, free cash flow grew 1.23% and total debt rose 33.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten; insiders bought in the last twelve months.
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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
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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) |
|---|---|---|
| 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 | Free account |
Against its own ten years
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 | 46.2% |
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