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%
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) Return on invested capital

Alert me on Return on invested capital

S&P Global Inc.'s return on invested capital over the twelve months to 30 September 2026 was 15.5%, up 6.0 percentage points from fiscal 2025 (9.52%). Over the past ten years it has ranged from 0.00% (fiscal 2021) to 347.8% (fiscal 2020); the current reading is higher than 45% of that period. That is above the Financial Data & Stock Exchanges industry median of 10.6% and above the Financial sector median of 4.70%.

Return on invested capital, annual

Embed this chart

Annual newest first

Period Return on invested capital Change (points)
FY2025 9.52% 1.40
FY2024 8.12% 2.47
FY2023 5.65% (1.05)
FY2022 6.70% 6.70
FY2021 0.00% (347.79)
FY2020 347.8% 227.92
FY2019 119.9% 46.29
FY2018 73.6% (30.98)
FY2017 104.6% (7.40)
FY2016 112.0% 61.34

Against its own ten years

Low 0.00% High 347.8%
Ten-year median 50.6%
Current reading's percentile 45

Return on invested capital against peers

Company Return on invested capital
MSCI MSCI Inc compare 34.7%
MCO Moody's Corporation compare 26.2%
CBOE Cboe Global Markets, Inc. compare 25.7%
SPGI S&P Global Inc. 15.5%
CME CME Group Inc. compare 10.4%
NDAQ Nasdaq, Inc. compare 8.56%
ICE Intercontinental Exchange Inc. compare 8.08%
TRU TransUnion compare 6.43%
COIN Coinbase Global, Inc. compare 0.77%
Financial Data & Stock Exchanges industry median 10.6%
Financial sector median 4.70%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

More on SPGI