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S&P Global SPGI Q3 2025 earnings

Reported October 30, 2025 · Before market open

Revenue$3.9BBeat by $58.1M
EPS$4.73Beat by $0.31
Revenue estimate$3.8B
EPS estimate$4.42

Next report

Oct 27, 2026 (In 3 weeks)
Revenue estimate$3.6B
EPS estimate$4.43

Financials

Q3 2025

Income statement

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Revenue$3.9B+8.8%
Gross profit$2.8B+10.5%
Operating income$1.7B+16.8%
Net income$1.2B+21.1%
EPS (diluted)$3.86+24.1%

Balance sheet

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Cash & equivalents$1.7B-1.4%
Total debt$12.0B-0.5%
Total equity$33.1B-2.5%
Total assets$59.7B-1.0%

Cash flow

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Operating cash flow$1.5B+4.2%
CapEx$45.0M+28.6%
Free cash flow$1.5B+3.5%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$148.59B-8.1%
Enterprise value$158.9B-7.6%
P/E35.2×-10.3×
P/S9.9×-1.8×

Profitability

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Gross margin70%+1.3pp
Operating margin40.7%+3.2pp
Net margin28.1%+2.3pp
FCF margin36.4%-1.0pp

Returns & leverage

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Return on equity12.6%+2.3pp
Debt / equity0.4×0.0×
Current ratio1×0.0×

Segments

By product

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Subscription$2.0B+6.5%
Non-subscription / Transaction$812.0M+10.5%
Non-transaction$521.0M+11.8%
Asset-linked fees$303.0M+13.9%
Recurring variable revenue$158.0M+11.3%

By segment

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Ratings$1.2B+11.7%
Market Intelligence$1.2B+6.4%
Indices$462.0M+11.1%

By geography

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Europe$885.0M+10.3%
Asia$430.0M+10.8%
Rest Of World$211.0M+1.0%

FAQ

When did S&P Global report Q3 2025 earnings?
S&P Global (SPGI) reported Q3 2025 earnings on October 30, 2025 before market open.
What were S&P Global's Q3 2025 revenue and EPS?
S&P Global reported revenue of $3.9B and eps of $4.73 for Q3 2025.
Did S&P Global beat estimates in Q3 2025?
Revenue beat the consensus estimate of $3.8B by $58.1M. EPS beat the consensus estimate of $4.42 by $0.31.
How did S&P Global's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.8% from $3.6B a year earlier and eps grew 21.6% from $3.89.
Where can I find S&P Global's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000064040-25-000163) and the 10-Q periodic report (0000064040-25-000167) directly on SEC EDGAR. The filing index links above go to sec.gov.