S&P Global Inc. (SPGI) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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SPGI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
SPGI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 70.2% | 42.2% | 29.2% |
| 2024 | 69.1% | 39.3% | 27.1% |
| 2023 | 66.9% | 32.2% | 21.0% |
| 2022 | 66.4% | 44.2% | 29.0% |
| 2021 | 73.7% | 50.9% | 36.4% |
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S&P Global Inc. (SPGI) Earnings Overview
As of May 6, 2026, S&P Global Inc. (SPGI) reported trailing twelve-month net income of $4.78B, reflecting +18.7% year-over-year growth. The company earned $16.05 per diluted share over the past four quarters, with a net profit margin of 29.2%.
Looking at the long-term picture, SPGI's 5-year EPS compound annual growth rate (CAGR) stands at +8.7%, showing solid earnings momentum. The company achieved its highest annual net income of $4.47B in fiscal 2025, representing a new all-time high.
S&P Global Inc. maintains industry-leading profitability with a gross margin of 70.2%, operating margin of 42.2%, and net margin of 29.2%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MCO ($2.50B net income, 31.9% margin), ICE ($3.30B net income, 26.1% margin), MSCI ($1.32B net income, 38.4% margin), SPGI has room to improve margins relative to the peer group. Compare SPGI vs MCO →
SPGI Earnings vs Peers
Earnings metrics vs comparable public companies
SPGI Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.47B | +16.1% | $6.48B | $14.66 | 29.2% | 42.2% |
| 2024 | $3.85B | +46.7% | $5.58B | $12.35 | 27.1% | 39.3% |
| 2023 | $2.63B | -19.2% | $4.02B | $8.23 | 21.0% | 32.2% |
| 2022 | $3.25B | +7.4% | $4.94B | $10.20 | 29.0% | 44.2% |
| 2021 | $3.02B | +29.3% | $4.22B | $12.51 | 36.4% | 50.9% |
| 2020 | $2.34B | +10.2% | $3.62B | $9.66 | 31.4% | 48.6% |
| 2019 | $2.12B | +8.4% | $3.23B | $8.60 | 31.7% | 48.2% |
| 2018 | $1.96B | +30.9% | $2.79B | $7.73 | 31.3% | 44.6% |
| 2017 | $1.50B | -29.0% | $2.58B | $5.78 | 24.7% | 42.6% |
| 2016 | $2.11B | +82.2% | $3.34B | $7.94 | 37.2% | 59.0% |
Full SPGI Stock Analysis
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Start ComparisonSPGI — Frequently Asked Questions
Quick answers to the most common questions about buying SPGI stock.
Is SPGI growing earnings?
SPGI EPS is $16.05, with earnings growth accelerating to +18.7%. This exceeds the 5-year CAGR of +8.7%. TTM net income reached $4.8B.
What are SPGI's profit margins?
S&P Global Inc. net margin is +29.2%, with operating margin at +42.2%. Above-average margins indicate pricing power.
How consistent are SPGI's earnings?
SPGI earnings data spans 1989-2025. The accelerating earnings trend is +18.7% YoY. Historical data enables comparison across business cycles.