Cash & Equivalents
S&P Global Cash & Equivalents decreased by 9.5% to $1.67B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.4%, from $1.70B to $1.67B. Over 4 years (FY 2020 to FY 2024), Cash & Equivalents shows a downward trend with a -20.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved liquidity and financial flexibility, while a decrease may indicate heavy capital expenditure, debt repayment, or aggressive share buybacks.
Detailed definition
Represents the most liquid assets on the balance sheet, including physical currency and short-term investments with matu...
Peer comparison
Large-cap technology peers often maintain high cash balances to fund rapid innovation and offset the cyclical nature of consumer electronics.
cash_and_equivalentsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.21B | $5.90B | $6.50B | $4.41B | $3.57B | $1.39B | $1.29B | $1.40B | $1.56B | $1.65B | $1.29B | $1.54B | $2.04B | $1.70B | $1.67B | $1.47B | $1.85B | $1.67B |
| QoQ Change | — | +13.2% | +10.1% | -32.2% | -18.9% | -61.2% | -7.3% | +9.0% | +11.3% | +5.4% | -21.6% | +19.6% | +32.1% | -16.8% | -1.8% | -11.8% | +25.7% | -9.5% |
| YoY Change | — | — | — | — | -31.5% | -76.5% | -80.2% | -68.2% | -56.3% | +18.6% | +0.3% | +10.1% | +30.6% | +3.1% | +29.1% | -4.8% | -9.4% | -1.4% |
Cash & Equivalents at Other Companies
Frequently Asked Questions
- What is S&P Global's cash & equivalents?
- S&P Global (SPGI) reported cash & equivalents of $1.67B in Q3 2025.
- How has S&P Global's cash & equivalents changed year-over-year?
- S&P Global's cash & equivalents decreased by 1.4% year-over-year, from $1.70B to $1.67B.
- What is the long-term trend for S&P Global's cash & equivalents?
- Over 4 years (2020 to 2024), S&P Global's cash & equivalents has grown at a -20.2% compound annual growth rate (CAGR), from $4.11B to $1.67B.
- What does cash & equivalents mean?
- Money in the bank and very short-term investments that can be turned into cash almost instantly.