Income StatementBalance SheetCash FlowSegments
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S&P Global Cash Flow Statement

Operating, investing, and financing cash movements

S&P Global generated $5.7B in operating cash flow over the trailing twelve months. After $179.0M in capital expenditures, free cash flow was $5.6B. Free cash flow increased 0.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$5.7BNet Cash From Investing (TTM)-$334.0MNet Cash From Financing (TTM)-$5.1BCapital Expenditures (TTM)$179.0MDepreciation And Amortization Cf (TTM)$105.0MNet Change In Cash (TTM)$257.0M
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$123.61B
P/E Ratio25.88
ROE14.8%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)—-$61.0M-$189.0M——-$6.0M
Change in accounts payable$376.0M-$678.0M———-$646.0M
Change in accounts receivable$267.0M$222.0M——$569.0M$131.0M
Change in deferred revenue$431.0M$181.0M—-$205.0M$395.0M-$76.0M
Change in income taxes payable/receivable—$225.0M—$84.0M$14.0M$314.0M
Benefit from Receivables$7.0M$8.0M$9.0M$11.0M$11.0M$15.0M
Deferred income taxes-$52.0M-$63.0M-$75.0M-$149.0M—-$50.0M
Other Non-Cash Income (Expense)—-$61.0M-$189.0M——-$6.0M
Other Non-cash Income (Expense)—-$61.0M-$189.0M——-$6.0M
Other Non-cash Income (Expense)—-$61.0M-$189.0M——-$6.0M
Net cash from operating activities$1.7B$953.0M$1.4B$1.5B$1.7B$1.0B
Net income$967.0M$1.2B$1.2B$1.3B$1.2B$1.5B
Other non-cash income (expense)—-$61.0M-$189.0M——-$6.0M
Amortization of capitalized software and acquired intangible assets$274.0M$268.0M$270.0M$266.0M$266.0M$276.0M
Depreciation$26.0M$25.0M$26.0M$28.0M$31.0M$31.0M
Gain on sale of business and assets$38.0M$0.0$3.0M$0.0$270.0M$175.0M
Increase (Decrease) in Other Current Assets$65.0M-$12.0M$32.0M-$92.0M—-$1.0M
Current liabilities-$19.0M-$58.0M-$82.0M-$36.0M—-$29.0M
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net—$24.0M$69.0M—$81.0M$42.0M
Other Noncash Income (Expense)—-$61.0M-$189.0M——-$6.0M
Accounts Receivable, Credit Loss Expense (Reversal)$7.0M$8.0M$9.0M$11.0M$11.0M$15.0M
Restructuring, Lease Impairment Charges And Other$51.5M$81.0M$81.0M$81.0M$81.0M—
Other Non-cash Income and Expense—-$61.0M-$189.0M——-$6.0M
Other Non-Cash Adjustments—-$61.0M-$189.0M——-$6.0M
Other Non-Cash Income and Expense—-$61.0M-$189.0M——-$6.0M
Stock-based compensation$70.0M$47.0M$45.0M$75.0M$69.0M$39.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$41.0M$13.0M$12.0M$25.0M$2.0B$12.0M
Capital expenditures$33.0M$43.0M$61.0M$45.0M$46.0M$27.0M
Divestiture of businesses, net of cash transferred$74.0M$0.0$15.0M$4.0M$1.5B$345.0M
Net cash from investing activities—-$79.0M-$52.0M-$101.0M-$472.0M$291.0M
Payments for (Proceeds from) Short-Term Investments-$7.0M$23.0M—$35.0M—$15.0M
Proceeds from divestiture of prepaid business$74.0M$0.0$15.0M$4.0M$1.5B$345.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Distributions to noncontrolling interests$74.0M$94.0M$74.0M$66.0M$87.0M$91.0M
Dividends paid$280.0M$295.0M$294.0M$291.0M$290.0M$288.0M
Payment, Tax Withholding, Share-Based Payment Arrangement, Payment for Excise Tax Payments on Share Repurchases And Contingent Consideration$30.5M$33.0M$33.0M$33.0M$33.0M—
Payment, Tax Withholding, Share-Based Payment Arrangement and Payment for Excise Tax Payments on Share Repurchases—$60.0M$34.0M$7.0M—$91.0M
Proceeds from issuance of commercial paper and other short-term borrowings—$0.0———$236.0M
Repayments of Senior Debt—$4.0M———$3.0M
Proceeds from Issuance of Commercial Paper and Short-Term Borrowings—$0.0———$236.0M
Net cash from financing activities-$1.7B-$1.1B-$1.1B-$1.6B-$1.2B-$1.2B
Proceeds from Commercial Paper and Secured Lines of Credit—$0.0———$236.0M
Repurchases of common stock$1.3B$650.0M$651.0M$1.2B$2.5B$1.0B

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.7B$910.0M$1.4B$1.5B$1.7B$1.0B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$60.0M$32.0M$44.0M——-$26.0M
Net increase (decrease) in cash—-$197.0M$378.0M—$73.0M$65.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$97.8M$97.5M$97.5M$97.5M$97.5M—
Income Taxes Paid, Net$289.8M$375.5M$375.5M$375.5M$375.5M—