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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.

407.82 5.09 +1.26%

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Market cap: $118.7B
P/E: 24.9×
Fwd P/E: 25.0×
Dividend yield: 0.95%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 3.57

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	2	1	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.45%

Capital & Financial Ratios $m

Market Cap 118,720.00

Revenue 16,121.00

Net Income 5,317.00

Free Cash Flow 5,573.00

Net Debt 11,029.00

Current Ratio 0.95

Debt/Equity 0.48

P/E ratio 24.88

Fwd P/E 25.00

P/S ratio 7.47

P/B ratio 3.81

Past 5Y EPS Growth 8.70%

This Y EPS Growth 5.89%

Next Y EPS Growth 13.25%

Next Y revenue growth (3.72%)

Next 5Y EPS Growth 11.18%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 24.67%

10-year low 10-year high

P/S against its own 10 years 25.92%

10-year low 10-year high

P/B against its own 10 years 22.57%

10-year low 10-year high

Dividends

Payout Ratio 0.24

Annual Dividend Rate 3.87

Annual Dividend Yield 0.95%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.91	0.97 0.97 0.97
2025	3.84	0.96 0.96 0.96 0.96
2024	3.64	0.91 0.91 0.91 0.91
2023	3.60	0.90 0.90 0.90 0.90
2022	3.32	0.77 0.85 0.85 0.85
2021	3.08	0.77 0.77 0.77 0.77
2020	2.68	0.67 0.67 0.67 0.67
2019	2.28	0.57 0.57 0.57 0.57
2018	2.00	0.50 0.50 0.50 0.50
2017	1.64	0.41 0.41 0.41 0.41
2016	1.44	0.36 0.36 0.36 0.36

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,317	1,686	1,801	4,141
Receivables	2,826	2,867	3,441	3,438
Inventory	—	—	—	—
Other	3,852	3,793	196	120
	5,143	5,459	6,296	8,709

	2023	2024	2025	Q'26
Payables	557	553	610	611
ST’ Debt	47	4	718	2,572
Other	1,033	869	1,053	1,194
	6,125	6,392	7,637	9,125

Compound Annual Growth %

	10y	5y	3y
Sales	11.18%	15.56%	11.11%
Cash Flow	31.85%	9.64%	29.48%
Earnings	14.48%	13.83%	11.24%
Book Value	62.52%	122.64%	(5.04%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	4,171	4,146	—	—	—
’25	3,777	3,755	3,888	3,916	15,336
’24	3,491	3,549	3,575	3,593	14,208
’23	3,160	3,101	3,084	3,152	12,497
’22	2,389	2,993	2,861	2,938	11,181
’21	2,016	2,106	2,087	2,088	8,297
’20	1,786	1,943	1,846	1,867	7,442

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,037	1,439	—	—	—
’25	953	1,445	1,505	1,748	5,651
’24	948	1,556	1,445	1,740	5,689
’23	594	769	1,013	1,334	3,710
’22	222	454	814	1,113	2,603
’21	768	923	967	940	3,598
’20	680	937	809	1,141	3,567

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,010	1,401	—	—	—
’25	910	1,384	1,460	1,702	5,456
’24	924	1,524	1,410	1,707	5,565
’23	566	1,740	(25)	1,286	3,567
’22	2,824	1,318	797	(2,425)	2,514
’21	752	914	970	927	3,563
’20	669	930	784	1,108	3,491

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	4.69	4.08	—	—	—
’25	3.54	3.50	3.86	3.75	14.66
’24	3.16	3.23	3.11	2.85	12.35
’23	2.47	1.60	2.33	1.83	8.23
’22	4.47	2.86	1.84	1.33	10.20
’21	3.12	3.30	3.30	2.79	12.51
’20	2.62	3.28	1.88	1.88	9.66

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	74.31	102.05	148.23	155.15	176.03	287.13	264.26	303.83	385.70	404.11	Analyst estimates 2026–2028 Powerpack
	High	121.48	164.68	205.59	260.88	359.39	458.10	447.33	419.79	504.53	547.82
People
People	Employees	20,000	20,400	21,200	22,500	23,000	22,850	39,950	40,450	42,350	44,500
	Revenue/emp, $m	0.28	0.30	0.30	0.30	0.32	0.36	0.28	0.31	0.34	0.34
Income, $m
Income, $m	Revenue	5,661	6,063	6,258	6,699	7,442	8,297	11,181	12,497	14,208	15,336
	Gross margin, %	68.68	72.06	70.63	70.50	71.86	73.73	66.43	66.86	69.31	70.25
	EBT	3,188	2,461	2,681	2,930	3,228	4,164	4,702	3,671	5,308	6,227
	EBT margin, %	56.32	40.59	42.84	43.74	43.38	50.19	42.05	29.38	37.36	40.60
	Net income	2,228	1,638	2,121	2,303	2,534	3,263	3,522	2,893	4,167	4,820
	Depreciation	181	180	206	204	206	178	1,013	1,143	1,173	1,179
Per share, $
Per share, $	Revenue	21.54	23.66	24.94	27.30	30.88	34.46	35.28	39.25	45.60	50.32
	Earnings	8.02	5.84	7.80	8.65	9.71	12.56	10.25	8.25	12.36	14.67
	Cash flow	5.94	7.87	8.23	11.31	14.80	14.94	8.21	11.65	18.26	18.54
	Capex	(0.44)	(0.48)	(0.45)	(0.47)	(0.32)	(0.15)	(0.28)	(0.45)	(0.40)	(0.64)
	Free cash flow	5.50	7.39	7.78	10.84	14.49	14.80	7.93	11.20	17.86	17.90
	Book value	2.67	2.99	2.73	2.18	2.37	8.75	115.11	107.73	106.73	102.48
	Shares, m	263	256	251	245	241	241	317	318	312	305
Valuation, ×
Valuation, ×	P/E	12.79	27.33	20.56	29.86	32.03	35.55	30.09	50.04	38.12	33.70
	P/S	4.76	6.72	6.45	9.46	10.07	12.96	8.99	10.52	10.33	9.83
	P/B	38.44	53.22	58.98	118.27	131.26	51.03	2.75	3.83	4.41	4.82
	EV/Sales	5.04	6.85	6.78	9.63	10.08	12.68	9.85	11.33	11.02	10.57
	EV/FCF	19.73	21.95	21.75	24.25	21.49	29.53	43.81	39.70	28.13	29.70
Cash, $m
Cash, $m	Operating cash flow	1,560	2,016	2,064	2,776	3,567	3,598	2,603	3,710	5,689	5,651
	Capex	(115)	(123)	(113)	(115)	(76)	(35)	(89)	(143)	(124)	(195)
	Free cash flow	1,445	1,893	1,951	2,661	3,491	3,563	2,514	3,567	5,565	5,456
Balance, $m
Balance, $m	Working capital	1,060	1,110	957	1,619	2,401	4,995	(332)	(982)	(933)	(1,341)
	Total debt	3,564	3,569	3,662	4,060	4,210	4,210	10,956	11,459	11,398	13,088
	Net debt	1,164	778	1,686	1,146	79	(2,306)	9,655	10,142	9,712	11,287
	Shareholders’ equity	701	766	684	536	571	2,107	36,477	34,300	33,256	31,235
Returns, %
Returns, %	ROA	24.99	16.54	20.76	20.42	19.59	21.94	8.46	4.29	6.38	7.36
	ROIC	111.96	104.56	73.58	119.87	347.79	0.00	6.70	5.65	8.12	9.52
	ROE	446.19	203.95	270.07	348.03	422.58	225.84	16.84	7.42	11.40	13.87

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SPGI S&P Global Inc.	$118.7B	24.9×	25.0×	+10.41% (above 0%: growing)	+16.57% (above 0%: growing)	+1.23% (above 0%: growing)	71.90%	43.70%
CME CME Group Inc.	$99.4B	23.6×	21.7×	+0.84% (above 0%: growing)	+2.85% (above 0%: growing)	−11.21% (below 0%: shrinking)	100.00%	64.89%	Compare
ICE Intercontinental Exchange Inc.	$87.2B	21.9×	19.9×	+4.84% (above 0%: growing)	+14.09% (above 0%: growing)	+29.65% (above 0%: growing)	98.61%	52.18%	Compare
MCO Moody's Corporation	$79.5B	29.3×	28.7×	+15.12% (above 0%: growing)	+56.52% (above 0%: growing)	+47.01% (above 0%: growing)	76.29%	47.87%	Compare
NDAQ Nasdaq, Inc.	$51.6B	27.0×	26.1×	+20.51% (above 0%: growing)	+13.92% (above 0%: growing)	−7.71% (below 0%: shrinking)	59.24%	28.12%	Compare
COIN Coinbase Global, Inc.	$45.4B	— (loss-making)	359×	−18.51% (below 0%: shrinking)	n/m	+128.50% (above 0%: growing)	84.44%	(9.30%)	Compare
MSCI MSCI Inc	$40.8B	30.8×	30.8×	+12.20% (above 0%: growing)	+19.90% (above 0%: growing)	+8.19% (above 0%: growing)	82.71%	56.23%	Compare
CBOE Cboe Global Markets, Inc.	$30.7B	23.6×	—	+22.95% (above 0%: growing)	+50.67% (above 0%: growing)	−270.85% (below 0%: shrinking)	50.71%	32.99%	Compare
TRU TransUnion	$12.4B	17.1×	17.1×	+14.91% (above 0%: growing)	+33.93% (above 0%: growing)	+42.65% (above 0%: growing)	58.41%	19.70%	Compare
Median of peers	$48.5B	23.6×	26.1×	+13.56%	+19.90%	+18.92%	79.50%	40.43%

All 15 Financial Data & Stock Exchanges stocks →

S&P Global Inc. (SPGI) key facts

Strength: S&P Global Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.3 billion, up 7.94% from fiscal 2024.
Strength: Net income was $4.8 billion, or $14.67 per share (basic), a net margin of 29.2%.
S&P Global Inc. (SPGI) is a Financial Data & Stock Exchanges company in the Financial sector, listed on the New York Stock Exchange.
As of October 9, 2026, SPGI traded at $407.82, a market capitalization of $118.7 billion.
At that price the stock trades at 24.9× trailing-twelve-month earnings and 7.5× sales; its P/E is higher than 25% of its own readings over the past ten years.
S&P Global Inc. pays an annual dividend of $3.87 per share, a yield of 0.95%, with a payout ratio of 23.6%.
Return on equity was 13.9% and debt-to-equity 0.48.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.