Investing
CapEx
S&P Global CapEx decreased by 26.2% to $45.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 28.6%, from $35.00M to $45.00M. Over 3 years (FY 2021 to FY 2024), CapEx shows an upward trend with a 52.4% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
18 periods
| 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 | $7.00M | $8.00M | $2.00M | $16.00M | $24.00M | $21.00M | $28.00M | $28.00M | $31.00M | $36.00M | $48.00M | $24.00M | $32.00M | $35.00M | $33.00M | $43.00M | $61.00M | $45.00M |
| QoQ Change | — | +14.3% | -75.0% | +700.0% | +50.0% | -12.5% | +33.3% | +0.0% | +10.7% | +16.1% | +33.3% | -50.0% | +33.3% | +9.4% | -5.7% | +30.3% | +41.9% | -26.2% |
| YoY Change | — | — | — | — | +242.9% | +162.5% | >999% | +75.0% | +29.2% | +71.4% | +71.4% | -14.3% | +3.2% | -2.8% | -31.3% | +79.2% | +90.6% | +28.6% |
Range$2.00M – $61.00M
CAGR+54.9%
Avg YoY Growth+150.4%
Median YoY Growth+71.4%
CapEx at Other Companies
Frequently Asked Questions
- What is S&P Global's capex?
- S&P Global (SPGI) reported capex of $45.00M in Q3 2025.
- How has S&P Global's capex changed year-over-year?
- S&P Global's capex increased by 28.6% year-over-year, from $35.00M to $45.00M.
- What is the long-term trend for S&P Global's capex?
- Over 3 years (2021 to 2024), S&P Global's capex has grown at a 52.4% compound annual growth rate (CAGR), from $35.00M to $124.00M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.