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

468.95 3.46 −0.73%
Market cap
$137.0B
P/E
27.6×
Fwd P/E
28.2×
Dividend yield
0.82%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

S&P Global Inc. (SPGI) Net margin

Alert me on Net margin

S&P Global Inc.'s net margin over the twelve months to 30 September 2026 was 30.5%, up 1.3 percentage points from fiscal 2025 (29.2%). Over the past ten years it has ranged from 21.0% (fiscal 2023) to 37.2% (fiscal 2016); the current reading is higher than 55% of that period. That is above the Financial Data & Stock Exchanges industry median of 25.4% and above the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 29.2% 2.04
FY2024 27.1% 6.10
FY2023 21.0% (8.04)
FY2022 29.1% (7.40)
FY2021 36.5% 5.02
FY2020 31.4% (0.26)
FY2019 31.7% 0.40
FY2018 31.3% 6.62
FY2017 24.7% (12.53)
FY2016 37.2% 15.44

Quarterly newest first

Period Net margin Change (points)
Sep 2026 33.7% 4.36
Jun 2026 29.4% (4.10)
Mar 2026 33.5% 7.47
Dec 2025 26.0% (8.18)
43 more quarters

Against its own ten years

Low 21.0% High 37.2%
Ten-year median 29.2%
Current reading's percentile 53

Net margin against peers

Company Net margin
CME CME Group Inc. compare 63.3%
MSCI MSCI Inc compare 40.3%
ICE Intercontinental Exchange Inc. compare 38.1%
MCO Moody's Corporation compare 35.3%
SPGI S&P Global Inc. 30.5%
CBOE Cboe Global Markets, Inc. compare 27.9%
NDAQ Nasdaq, Inc. compare 22.8%
TRU TransUnion compare 15.8%
COIN Coinbase Global, Inc. compare −12.5%
Financial Data & Stock Exchanges industry median 25.4%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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