8-K Announcements
6Apr 28, 2026·SEC
Feb 10, 2026·SEC
Dec 16, 2025·SEC
S&P Global Inc. (SPGI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
S&P Global Inc. (SPGI) stock price & volume — 10-year historical chart
S&P Global Inc. (SPGI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
S&P Global Inc. (SPGI) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $4.97vs $4.84+2.7% | $4.2Bvs $4.1B+2.1% |
| Q1 2026 | Feb 10, 2026 | $4.30vs $4.33-0.7% | $3.9Bvs $3.9B+0.2% |
| Q4 2025 | Oct 30, 2025 | $4.73vs $4.42+7.0% | $3.9Bvs $3.8B+1.5% |
| Q3 2025 | Jul 31, 2025 | $4.43vs $4.21+5.2% | $3.8Bvs $3.7B+2.2% |
S&P Global Inc. (SPGI) competitors in Indexes, Benchmarks and Ratings — business model, growth, and fundamentals comparison
S&P Global Inc. (SPGI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
S&P Global Inc. (SPGI) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | -149M | -134M | -141M | -141M | -119M | -304M | -334M | -297M | -287M | -306M |
| NII Growth % | 17.68% | 10.07% | -5.22% | 0% | 15.6% | -155.46% | -9.87% | 11.08% | 3.37% | -9.94% |
| Net Interest Margin % | -1.58% | -1.42% | -1.24% | -1.12% | -0.79% | -0.49% | -0.55% | -0.49% | -0.47% | -0.5% |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 149M | 134M | 141M | 141M | 119M | 304M | 334M | 297M | 287M | 306M |
| Loan Loss Provision | 1.54B | 1.7B | 1.83B | 1.95B | 2.06B | 3.45B | 3.81B | 4.09B | 4.28B | 4.34B |
| Non-Interest Income | 6.06B | 6.26B | 6.7B | 7.44B | 8.3B | 11.18B | 12.5B | 14.21B | 15.34B | 15.73B |
| Non-Interest Income % | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Total Revenue | 6.06B▲ 0% | 6.26B▲ 3.2% | 6.7B▲ 7.0% | 7.44B▲ 11.1% | 8.3B▲ 11.5% | 11.18B▲ 34.8% | 12.5B▲ 11.8% | 14.21B▲ 13.7% | 15.34B▲ 7.9% | 15.73B▲ 0% |
| Revenue Growth % | 7.1% | 3.22% | 7.05% | 11.09% | 11.49% | 34.76% | 11.77% | 13.69% | 7.94% | 34.01% |
| Non-Interest Expense | 1.79B | 1.63B | 1.5B | 1.73B | 1.9B | 2.48B | 4.34B | 4.24B | 4.29B | 4.18B |
| Efficiency Ratio | 29.46% | 26.05% | 22.35% | 23.26% | 22.85% | 22.22% | 34.7% | 29.82% | 28.01% | 26.59% |
| Operating Income | 2.58B▲ 0% | 2.79B▲ 8.0% | 3.23B▲ 15.6% | 3.62B▲ 12.1% | 4.22B▲ 16.7% | 4.94B▲ 17.1% | 4.02B▼ 18.7% | 5.58B▲ 38.8% | 6.48B▲ 16.1% | 6.9B▲ 0% |
| Operating Margin % | 42.6% | 44.58% | 48.16% | 48.6% | 50.87% | 44.22% | 32.17% | 39.27% | 42.24% | 43.88% |
| Operating Income Growth % | -22.69% | 8.01% | 15.63% | 12.12% | 16.7% | 17.13% | -18.69% | 38.81% | 16.09% | - |
| Pretax Income | 2.46B▲ 0% | 2.68B▲ 8.9% | 2.93B▲ 9.3% | 3.23B▲ 10.2% | 4.16B▲ 29.0% | 4.7B▲ 12.9% | 3.67B▼ 21.9% | 5.31B▲ 44.6% | 6.23B▲ 17.3% | 6.64B▲ 0% |
| Pretax Margin % | 40.59% | 42.84% | 43.74% | 43.38% | 50.19% | 42.05% | 29.38% | 37.36% | 40.6% | 42.21% |
| Income Tax | 823M | 560M | 627M | 694M | 901M | 1.18B | 778M | 1.14B | 1.41B | 1.49B |
| Effective Tax Rate % | 33.44% | 20.89% | 21.4% | 21.5% | 21.64% | 25.1% | 21.19% | 21.5% | 22.6% | 22.38% |
| Net Income | 1.5B▲ 0% | 1.96B▲ 30.9% | 2.12B▲ 8.4% | 2.34B▲ 10.2% | 3.02B▲ 29.3% | 3.25B▲ 7.4% | 2.63B▼ 19.2% | 3.85B▲ 46.7% | 4.47B▲ 16.1% | 4.78B▲ 0% |
| Net Margin % | 24.67% | 31.29% | 31.69% | 31.43% | 36.45% | 29.05% | 21.01% | 27.11% | 29.15% | 30.37% |
| Net Income Growth % | -28.96% | 30.88% | 8.43% | 10.17% | 29.29% | 7.41% | -19.15% | 46.69% | 16.07% | 20.88% |
| Net Income (Continuing) | 1.64B | 2.12B | 2.3B | 2.53B | 3.26B | 3.52B | 2.89B | 4.17B | 4.82B | 5.15B |
| EPS (Diluted) | 5.78▲ 0% | 7.73▲ 33.7% | 8.60▲ 11.3% | 9.66▲ 12.3% | 12.51▲ 29.5% | 10.20▼ 18.5% | 8.23▼ 19.3% | 12.35▲ 50.1% | 14.66▲ 18.7% | 16.05▲ 0% |
| EPS Growth % | -27.2% | 33.74% | 11.25% | 12.33% | 29.5% | -18.47% | -19.31% | 50.06% | 18.7% | 24.02% |
| EPS (Basic) | 5.84 | 7.80 | 8.65 | 9.71 | 12.56 | 10.25 | 8.25 | 12.36 | 14.67 | - |
| Diluted Shares Outstanding | 258.9M | 253.2M | 246.9M | 242.1M | 241.8M | 318.5M | 318.9M | 311.9M | 305.1M | 297.6M |
S&P Global Inc. (SPGI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 2.79B | 1.94B | 2.89B | 4.12B | 6.51B | 1.3B | 1.32B | 1.69B | 1.8B | 7.13B |
| Cash & Due from Banks | 2.78B | 1.92B | 2.87B | 4.11B | 6.5B | 1.29B | 1.29B | 1.67B | 1.75B | 1.81B |
| Short Term Investments | 12M | 18M | 28M | 9M | 11M | 14M | 26M | 20M | 56M | 0 |
| Total Investments | 12M | 18M | 28M | 9M | 176M | 1.77B | 1.81B | 1.79B | 659M | 605M |
| Investments Growth % | 50% | 50% | 55.56% | -67.86% | 1855.56% | 903.41% | 2.66% | -1.05% | -63.27% | -129.51% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 165M | 1.75B | 1.79B | 1.77B | 603M | 4.93B |
| Accounts Receivables | 1.32B | 1.45B | 1.58B | 1.59B | 1.65B | 2.49B | 2.83B | 2.87B | 3.44B | 3.49B |
| Goodwill & Intangibles | 4.38B | 5.06B | 5B | 5.09B | 4.79B | 52.85B | 52.25B | 51.47B | 52.75B | 52.33B |
| Goodwill | 2.99B | 3.54B | 3.58B | 3.73B | 3.51B | 34.55B | 34.85B | 34.92B | 36.48B | 36.36B |
| Intangible Assets | 1.39B | 1.52B | 1.42B | 1.35B | 1.28B | 18.31B | 17.4B | 16.56B | 16.27B | 15.98B |
| PP&E (Net) | 275M | 270M | 996M | 778M | 667M | 720M | 637M | 678M | 691M | 649M |
| Other Assets | 449M | 525M | 641M | 684M | 758M | 794M | 774M | 837M | 864M | 884M |
| Total Current Assets | 4.32B | 3.6B | 4.71B | 5.99B | 8.81B | 5.67B | 5.14B | 5.46B | 6.3B | 6.32B |
| Total Non-Current Assets | 5.1B | 5.85B | 6.64B | 6.55B | 6.22B | 56.12B | 55.45B | 54.76B | 54.9B | 54.47B |
| Total Assets | 9.43B▲ 0% | 9.46B▲ 0.4% | 11.35B▲ 20.0% | 12.54B▲ 10.5% | 15.03B▲ 19.9% | 61.78B▲ 311.2% | 60.59B▼ 1.9% | 60.22B▼ 0.6% | 61.2B▲ 1.6% | 60.79B▲ 0% |
| Asset Growth % | 8.72% | 0.35% | 19.98% | 10.48% | 19.85% | 311.18% | -1.93% | -0.61% | 1.63% | 1.19% |
| Return on Assets (ROA) | 16.54% | 20.74% | 20.41% | 19.59% | 21.94% | 8.46% | 4.29% | 6.38% | 7.36% | 7.89% |
| Accounts Payable | 195M | 211M | 190M | 233M | 205M | 450M | 557M | 553M | 610M | 510M |
| Total Debt | 3.57B | 3.66B | 4.68B | 4.75B | 4.7B | 11.65B | 12B | 11.93B | 14.2B | 13.78B |
| Net Debt | 792M | 1.75B | 1.81B | 646M | -1.79B | 10.37B | 10.71B | 10.27B | 12.46B | 11.97B |
| Long-Term Debt | 3.17B | 3.66B | 3.95B | 4.11B | 4.11B | 10.73B | 11.41B | 11.39B | 12.86B | 11.08B |
| Short-Term Debt | 399M | 0 | 0 | 0 | 0 | 226M | 47M | 4M | 842M | 2.7B |
| Other Liabilities | 923M | 845M | 883M | 944M | 922M | 669M | 721M | 995M | 791M | 947M |
| Total Current Liabilities | 3.21B | 2.63B | 3.09B | 3.59B | 3.81B | 6B | 6.13B | 6.39B | 7.64B | 9.34B |
| Total Non-Current Liabilities | 4.09B | 4.53B | 5.45B | 5.6B | 5.67B | 16.04B | 16.36B | 16.32B | 17.41B | 15.25B |
| Total Liabilities | 7.31B | 7.15B | 8.54B | 9.19B | 9.49B | 22.04B | 22.49B | 22.71B | 25.05B | 24.59B |
| Total Equity | 2.12B▲ 0% | 2.3B▲ 8.8% | 2.8B▲ 21.7% | 3.35B▲ 19.5% | 5.54B▲ 65.2% | 39.74B▲ 617.9% | 38.1B▼ 4.1% | 37.51B▼ 1.6% | 36.15B▼ 3.6% | 36.09B▲ 0% |
| Equity Growth % | 18.92% | 8.78% | 21.7% | 19.54% | 65.16% | 617.92% | -4.14% | -1.55% | -3.62% | -12.38% |
| Equity / Assets (Capital Ratio) | 22.47% | 24.36% | 24.71% | 26.74% | 36.84% | 64.33% | 62.88% | 62.28% | 59.07% | 59.37% |
| Return on Equity (ROE) | 76.74% | 88.56% | 83.12% | 75.99% | 68.05% | 14.35% | 6.75% | 10.19% | 12.14% | 12.92% |
| Book Value per Share | 8.18 | 9.10 | 11.36 | 13.85 | 22.89 | 124.78 | 119.47 | 120.26 | 118.49 | 121.27 |
| Tangible BV per Share | -8.73 | -10.88 | -8.89 | -7.17 | 3.08 | -41.15 | -44.37 | -44.77 | -54.39 | -54.58 |
| Common Stock | 412M | 294M | 294M | 294M | 294M | 415M | 415M | 415M | 415M | 415M |
| Additional Paid-in Capital | 525M | 833M | 903M | 946M | 1.03B | 44.42B | 44.23B | 44.32B | 44.12B | 44.51B |
| Retained Earnings | 10.03B | 11.28B | 12.21B | 13.37B | 15.02B | 17.78B | 18.73B | 20.98B | 23.67B | 24.8B |
| Accumulated OCI | -649M | -742M | -624M | -637M | -841M | -886M | -763M | -883M | -697M | -736M |
| Treasury Stock | -9.6B | -11.04B | -12.3B | -13.46B | -13.47B | -25.35B | -28.41B | -31.67B | -36.37B | -37.82B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
S&P Global Inc. (SPGI) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 2.02B | 2.06B | 2.78B | 3.57B | 3.6B | 2.6B | 3.71B | 5.69B | 5.65B | 5.65B |
| Operating CF Growth % | 37.7% | 2.38% | 34.5% | 28.49% | 0.87% | -27.65% | 42.53% | 53.34% | -0.67% | 6.29% |
| Net Income | 1.64B | 2.12B | 2.3B | 2.53B | 3.26B | 3.52B | 2.89B | 3.85B | 4.82B | 4.78B |
| Depreciation & Amortization | 180M | 206M | 204M | 206M | 178M | 1.01B | 1.14B | 1.17B | 1.18B | 1.19B |
| Deferred Taxes | 79M | 81M | 46M | -31M | 13M | -353M | -381M | -323M | -242M | -229M |
| Other Non-Cash Items | 88M | 74M | 146M | 521M | 92M | -1.72B | 344M | 505M | 90M | -107M |
| Working Capital Changes | -68M | -512M | -1M | 247M | -70M | -74M | -460M | 235M | -432M | -503M |
| Cash from Investing | -209M | -513M | -131M | -240M | -120M | 3.63B | 562M | -255M | -704M | -334M |
| Purchase of Investments | 0 | 0 | -10M | -19M | -2M | -2M | 0 | 0 | -35M | -50M |
| Sale/Maturity of Investments | 0 | 0 | 10M | 19M | 2M | 2M | 0 | 0 | 0 | 345M |
| Net Investment Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35M | 295M |
| Acquisitions | -83M | -401M | -6M | -183M | -83M | 3.72B | 718M | -137M | -2.02B | -2.02B |
| Other Investing | -3M | 1M | -10M | 19M | -2M | -2M | -13M | 6M | 1.55B | 1.57B |
| Cash from Financing | -1.51B | -2.29B | -1.75B | -2.17B | -1.01B | -11.33B | -4.28B | -5B | -4.93B | -5.06B |
| Dividends Paid | -421M | -503M | -560M | -645M | -743M | -1.02B | -1.15B | -1.13B | -1.17B | -1.16B |
| Share Repurchases | -1B | -1.66B | -1.31B | -1.16B | 0 | -12B | -3.3B | -3.3B | -5B | -5.35B |
| Stock Issued | 0 | 0 | 0 | 0 | 13M | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | -1B | -1.66B | -1.31B | -1.16B | 13M | -12B | -3.3B | -3.3B | -5B | -5.35B |
| Debt Issuance (Net) | 0 | 1000K | 0 | -1000K | 0 | 1000K | 1000K | -1000K | 1000K | 2M |
| Other Financing | -85M | -220M | 9M | -255M | -283M | 37M | -388M | -516M | -463M | -491M |
| Net Change in Cash | 387M▲ 0% | -821M▼ 312.1% | 928M▲ 213.0% | 1.24B▲ 33.2% | 2.38B▲ 92.8% | -5.22B▼ 319.0% | 4M▲ 100.1% | 375M▲ 9275.0% | 79M▼ 78.9% | 341M▲ 0% |
| Exchange Rate Effect | 87M | -84M | 34M | 75M | -82M | -123M | 12M | -61M | 62M | 4M |
| Cash at Beginning | 2.39B | 2.78B | 1.96B | 2.89B | 4.12B | 6.5B | 1.29B | 1.29B | 1.67B | 1.75B |
| Cash at End | 2.78B | 1.96B | 2.89B | 4.12B | 6.5B | 1.29B | 1.29B | 1.67B | 1.75B | 1.81B |
| Interest Paid | 139M | 151M | 0 | 159M | 130M | 240M | 369M | 391M | 0 | 0 |
| Income Taxes Paid | 709M | 558M | 0 | 683M | 883M | 1.55B | 1.28B | 1.16B | 0 | 0 |
| Free Cash Flow | 1.89B▲ 0% | 1.95B▲ 3.1% | 2.66B▲ 36.4% | 3.49B▲ 31.2% | 3.56B▲ 2.1% | 2.51B▼ 29.4% | 3.57B▲ 41.9% | 5.57B▲ 56.0% | 5.46B▼ 2.0% | 5.56B▲ 0% |
| FCF Growth % | 40.33% | 3.06% | 36.39% | 31.19% | 2.06% | -29.44% | 41.89% | 56.01% | -1.96% | 0.09% |
S&P Global Inc. (SPGI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 76.74% | 88.56% | 83.12% | 75.99% | 68.05% | 14.35% | 6.75% | 10.19% | 12.14% | 12.92% |
| Return on Assets (ROA) | 16.54% | 20.74% | 20.41% | 19.59% | 21.94% | 8.46% | 4.29% | 6.38% | 7.36% | 7.89% |
| Net Interest Margin | -1.58% | -1.42% | -1.24% | -1.12% | -0.79% | -0.49% | -0.55% | -0.49% | -0.47% | -0.5% |
| Efficiency Ratio | 29.46% | 26.05% | 22.35% | 23.26% | 22.85% | 22.22% | 34.7% | 29.82% | 28.01% | 26.59% |
| Equity / Assets | 22.47% | 24.36% | 24.71% | 26.74% | 36.84% | 64.33% | 62.88% | 62.28% | 59.07% | 59.37% |
| Book Value / Share | 8.18 | 9.1 | 11.36 | 13.85 | 22.89 | 124.78 | 119.47 | 120.26 | 118.49 | 121.27 |
| NII Growth | 17.68% | 10.07% | -5.22% | 0% | 15.6% | -155.46% | -9.87% | 11.08% | 3.37% | -3.03% |
| Dividend Payout | 28.14% | 25.69% | 26.38% | 27.58% | 24.57% | 31.53% | 43.68% | 29.44% | 26.17% | 24.35% |
S&P Global Inc. (SPGI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 28, 2026·SEC
Feb 10, 2026·SEC
Dec 16, 2025·SEC
S&P Global Inc. (SPGI) stock FAQ — growth, dividends, profitability & financials explained
S&P Global Inc. (SPGI) grew revenue by 7.9% over the past year. This is steady growth.
Yes, S&P Global Inc. (SPGI) is profitable, generating $4.78B in net income for fiscal year 2025 (29.2% net margin).
Yes, S&P Global Inc. (SPGI) pays a dividend with a yield of 0.90%. This makes it attractive for income-focused investors.
S&P Global Inc. (SPGI) has a return on equity (ROE) of 12.1%. This is reasonable for most industries.
S&P Global Inc. (SPGI) has a net interest margin (NIM) of -0.5%. NIM has been under pressure due to interest rate environment.
S&P Global Inc. (SPGI) has an efficiency ratio of 28.0%. This is excellent, indicating strong cost control.
S&P Global Inc. (SPGI) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates