Skip to content
S&P Global logo

S&P Global

SPGI

S&P Global Inc. is a leading provider of credit ratings, benchmarks, analytics, and workflow solutions for the global capital, commodity, and automotive markets.

Market cap
$127.51B-21.5%
Revenue$15.7B+8.5%
Net income$4.8B+20.9%
Free cash flow$5.6B+0.1%
EPS (diluted)$15.81+24.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$4.1B
EPS estimate$4.94

Financials

Q1 2026

Income statement

See full
Revenue$4.2B+10.4%
Gross profit$2.9B+11.9%
Operating income$2.0B+26.9%
Net income$1.4B+28.0%
EPS (diluted)$4.69+32.5%

Balance sheet

See full
Cash & equivalents$1.8B+23.2%
Total debt$11.2B-6.8%
Total equity$31.2B-6.6%
Total assets$60.8B+1.5%

Cash flow

See full
Operating cash flow$1.0B+8.8%
CapEx$27.0M-37.2%
Free cash flow$1.0B+11.0%

Valuation & ratios

Valuation

See full
Market cap$127.51B-21.5%
Enterprise value$136.91B-20.7%
P/E26.7×-13.8×
P/S8.1×-2.9×

Profitability

See full
Gross margin70.5%+0.9pp
Operating margin43.9%+4.0pp
Net margin30.4%+3.1pp
FCF margin35.3%-3.0pp

Returns & leverage

See full
Return on equity14.8%+3.1pp
Debt / equity0.4×0.0×
Current ratio0.7×-0.2×

Segments

By product

See full
Subscription$2.0B+6.1%
Non-subscription / Transaction$978.0M+15.1%
Non-transaction$538.0M+11.9%
Asset-linked fees$339.0M+17.7%
Recurring variable revenue$169.0M+12.7%

By segment

See full
Ratings$1.3B+13.3%
Market Intelligence$1.3B+8.1%
Energy$652.0M
Indices$519.0M+16.6%

By geography

See full
Europe$895.0M+5.4%
Asia$430.0M+12.6%
Rest Of World$221.0M+8.3%

Competitors

Profile

S&P Global Inc. is a leading provider of credit ratings, benchmarks, analytics, and workflow solutions for the global capital, commodity, and automotive markets. The company delivers essential intelligence that enables financial institutions, governments, and corporations to manage risk and identify opportunities. Its core value proposition lies in providing transparent, independent data and insights that serve as critical infrastructure for the world's financial markets.

Competitive position

A dominant global provider of financial benchmarks and credit ratings with high barriers to entry due to regulatory status and brand reputation.

GeographiesGlobal, North America, Asia, Europe, Latin America
Customer segmentsFinancial Institutions, Corporations, Governments, Retail Investors
Business modelSubscription-based data, Asset-linked fees, Transaction-based fees, Licensing and Royalties
SuppliersPublic financial filings, Exchange data feeds, Government economic reports, Raw commodity market data, Automotive registration data
CustomersInstitutional investors, Corporate treasury departments, Retail brokerage platforms, Exchange-traded fund (ETF) providers, Commercial lenders
Listed1929
Employees40.5K
CEOMartina L. Cheung
FilingsSEC EDGAR

Questions, answered.

What is S&P Global's market cap?
S&P Global (SPGI) has a market capitalization of $127.51B and trades on NYSE.
What is S&P Global's revenue and profitability?
S&P Global generated $15.7B in trailing twelve-month revenue with net income of $4.8B, representing a net margin of 30.4%. Gross margin stands at 70.5%, with free cash flow of $5.6B. These figures are based on the Q1 2026 filing.
Who are S&P Global's competitors?
S&P Global's key competitors include MSCI Inc., Moody's Corporation, Intercontinental Exchange Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does S&P Global have?
S&P Global's subsidiaries include Crisil, S&P Dow Jones Indices.
Where is S&P Global headquartered?
S&P Global is headquartered in United States of America and employs approximately 40,450 people. It has been publicly traded since 1929.