S&P Global Inc. SPGI

Technology SIC 7320 - Services-Consumer Credit Reporting, Collection Agencies NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services › Business Support Services derived NYSE

Last close 450.31 2026-10-23
Market cap $133.29B 2026-03-31 share count
52-week range 381.61 - 552.25

Valuation FY2025 figures against the last close

P/S8.7x
P/E30.7x
P/FCF24.4x
EV/EBITDA18.9x
Dividend yield0.9%
Diluted EPS14.66

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • European region
  • Asia
  • Rest of the world
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 9.3B (60.8%) 61% U.S. European region, FY2025: 3.5B (23.0%) 23% European region Asia, FY2025: 1.6B (10.7%) 11% Asia Rest of the world, FY2025: 843M (5.5%) 5% FY2024 U.S., FY2024: 8.6B (60.8%) 61% European region, FY2024: 3.3B (22.9%) 23% Asia, FY2024: 1.5B (10.5%) 10% Rest of the world, FY2024: 821M (5.8%) 6% FY2023 U.S., FY2023: 7.5B (60.4%) 60% European region, FY2023: 2.8B (22.6%) 23% Asia, FY2023: 1.4B (11.0%) 11% Rest of the world, FY2023: 758M (6.1%) 6%
Region FY2025FY2024FY2023
U.S. $9.32B $8.64B $7.54B
European region $3.53B $3.26B $2.82B
Asia $1.64B $1.49B $1.38B
Rest of the world $843.0M $821.0M $758.0M

As the company reported it, from the “Segment and Geographic Information - Schedule of Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $15.34B$14.21B$12.50B$11.18B$8.30B$7.44B$6.70B$6.26B$6.06B$5.66B
Cost of revenue $4.56B$4.36B$4.14B$3.75B$2.18B$2.09B$1.98B$1.84B$1.69B$1.77B
Gross profit $10.77B$9.85B$8.36B$7.43B$6.12B$5.35B$4.72B$4.42B$4.37B$3.89B
SG&A $3.42B$3.20B$3.16B$3.40B$1.73B$1.54B$1.34B$1.42B$1.61B$1.47B
Total operating expenses $9.16B$8.73B$8.44B$8.16B$4.09B$3.84B$3.52B$3.47B$3.48B$3.42B
Operating income $6.48B$5.58B$4.02B$4.94B$4.22B$3.62B$3.23B$2.79B$2.58B$3.34B
Interest expense $287.0M$297.0M$334.0M$304.0M$119.0M$141.0M$141.0M$134.0M$149.0M$181.0M
Pre-tax income $6.23B$5.31B$3.67B$4.70B$4.16B$3.23B$2.93B$2.68B$2.46B$3.19B
Income tax $1.41B$1.14B$778.0M$1.18B$901.0M$694.0M$627.0M$560.0M$823.0M$960.0M
Net income $4.47B$3.85B$2.63B$3.25B$3.02B$2.34B$2.12B$1.96B$1.50B$2.11B
EPS, basic 14.6712.368.2510.2512.569.718.657.805.848.02
EPS, diluted 14.6612.358.2310.2012.519.668.607.735.787.94
Shares, diluted (wtd. avg.) 305.1M311.9M318.9M318.5M241.8M242.1M246.9M253.2M258.9M265.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.75B$1.67B$1.29B$1.29B$6.50B$4.12B$2.89B$1.96B$2.78B$2.39B
Short-term investments $56.0M$20.0M$26.0M$14.0M$11.0M$9.0M$28.0M$18.0M$12.0M$8.0M
Receivables $3.44B$2.87B$2.83B$2.49B$1.65B$1.59B$1.58B$1.45B$1.32B$1.12B
Total current assets $6.30B$5.46B$5.14B$5.67B$8.81B$5.99B$4.71B$3.59B$4.32B$3.67B
Property, plant and equipment $278.0M$265.0M$258.0M$297.0M$241.0M$284.0M$320.0M$270.0M$275.0M$271.0M
Goodwill $36.48B$34.92B$34.85B$34.55B$3.51B$3.73B$3.58B$3.54B$2.99B$2.95B
Other intangibles $16.27B$16.56B$17.40B$18.31B$1.28B$1.35B$1.42B$1.52B$1.39B$1.51B
Total assets $61.20B$60.22B$60.59B$61.78B$15.03B$12.54B$11.35B$9.44B$9.43B$8.67B
Accounts payable $610.0M$553.0M$557.0M$450.0M$205.0M$233.0M$190.0M$211.0M$195.0M$183.0M
Short-term debt $718.0M$4.0M$47.0M$226.0M$0——$0$399.0M$0
Total current liabilities $7.64B$6.39B$6.12B$6.00B$3.81B$3.59B$3.09B$2.63B$3.21B$2.61B
Long-term debt $12.37B$11.39B$11.41B$10.73B$4.11B$4.11B$3.95B$3.66B$3.17B$3.56B
Total liabilities $25.05B$22.71B$22.49B$22.04B$9.49B$9.19B$8.54B$7.14B$7.31B$6.89B
Retained earnings $23.67B$20.98B$18.73B$17.78B$15.02B$13.37B$12.21B$11.28B$10.02B$9.21B
Total equity $31.13B$33.16B$34.30B$36.48B$2.11B$571.0M$536.0M$684.0M$766.0M$701.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $5.65B$5.69B$3.71B$2.60B$3.60B$3.57B$2.78B$2.06B$2.02B$1.56B
Depreciation and amortisation $1.18B$1.17B$1.14B$1.01B$178.0M$206.0M$204.0M$206.0M$180.0M$181.0M
Stock-based compensation $236.0M$247.0M$171.0M$214.0M$122.0M$90.0M$78.0M$94.0M$99.0M$76.0M
Capital expenditure $195.0M$124.0M$143.0M$89.0M$35.0M$76.0M$115.0M$113.0M$123.0M$115.0M
Investing cash flow -$704.0M-$255.0M$562.0M$3.63B-$120.0M-$240.0M-$131.0M-$513.0M-$209.0M$1.17B
Financing cash flow -$4.93B-$5.00B-$4.28B-$11.33B-$1.01B-$2.17B-$1.75B-$2.29B-$1.51B-$1.66B
Dividends paid $1.17B$1.13B$1.15B$1.02B$743.0M$645.0M$560.0M$503.0M$421.0M$380.0M
Buybacks $5.00B$3.30B$3.30B$12.00B$0$1.16B$1.24B$1.66B$1.00B$1.12B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000064040-26-000013.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B 20B Revenue, FY2016: 5.7B Gross profit, FY2016: 3.9B Net income, FY2016: 2.1B Revenue, FY2017: 6.1B Gross profit, FY2017: 4.4B Net income, FY2017: 1.5B Revenue, FY2018: 6.3B Gross profit, FY2018: 4.4B Net income, FY2018: 2B Revenue, FY2019: 6.7B Gross profit, FY2019: 4.7B Net income, FY2019: 2.1B Revenue, FY2020: 7.4B Gross profit, FY2020: 5.3B Net income, FY2020: 2.3B Revenue, FY2021: 8.3B Gross profit, FY2021: 6.1B Net income, FY2021: 3B Revenue, FY2022: 11.2B Gross profit, FY2022: 7.4B Net income, FY2022: 3.2B Revenue, FY2023: 12.5B Gross profit, FY2023: 8.4B Net income, FY2023: 2.6B Revenue, FY2024: 14.2B Gross profit, FY2024: 9.8B Net income, FY2024: 3.9B Revenue, FY2025: 15.3B Gross profit, FY2025: 10.8B Net income, FY2025: 4.5B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $5.66B $6.06B $6.26B $6.70B $7.44B $8.30B $11.18B $12.50B $14.21B $15.34B
Gross profit $3.89B $4.37B $4.42B $4.72B $5.35B $6.12B $7.43B $8.36B $9.85B $10.77B
Net income $2.11B $1.50B $1.96B $2.12B $2.34B $3.02B $3.25B $2.63B $3.85B $4.47B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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