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) Operating margin

S&P Global Inc.'s operating margin over the twelve months to 30 June 2026 was 44.4%, up 2.2 percentage points from fiscal 2025 (42.2%). Over the past ten years it has ranged from 32.2% (fiscal 2023) to 59.0% (fiscal 2016); the current reading is higher than 36% of that period. That is above the Financial Data & Stock Exchanges industry median of 29.6% and above the Financial sector median of 0.00%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 42.2% 2.97
FY2024 39.3% 7.10
FY2023 32.2% (12.05)
FY2022 44.2% (6.65)
FY2021 50.9% 2.27
FY2020 48.6% 0.44
FY2019 48.2% 3.58
FY2018 44.6% 1.98
FY2017 42.6% (16.42)
FY2016 59.0% 22.94

Quarterly

Period Operating margin Change (points)
Jun 2026 43.7% (4.30)
Mar 2026 48.0% 5.25
Dec 2025 42.8% (0.33)
Sep 2025 43.1% 1.78
42 more quarters

Against its own ten years

Low 32.2% High 59.0%
Ten-year median 44.2%
Current reading's percentile 36

Operating margin against peers

Company Operating margin
CME CME Group Inc. compare 65.1%
MSCI MSCI Inc compare 55.7%
ICE Intercontinental Exchange Inc. compare 51.8%
MCO Moody's Corporation compare 44.8%
SPGI S&P Global Inc. 44.4%
CBOE Cboe Global Markets, Inc. compare 34.7%
NDAQ Nasdaq, Inc. compare 29.6%
TRU TransUnion compare 18.7%
COIN Coinbase Global, Inc. compare 9.86%
Financial Data & Stock Exchanges industry median 29.6%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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