What is S&P Global's deferred revenue?

S&P Global (SPGI) reported deferred revenue of $3.93B in Q2 2026.

How has S&P Global's deferred revenue changed year-over-year?

S&P Global's deferred revenue increased by 1.5% year-over-year, from $3.87B to $3.93B.

What is the long-term trend for S&P Global's deferred revenue?

Over 5 years (2020 to 2025), S&P Global's deferred revenue has grown at a 13.5% compound annual growth rate (CAGR), from $2.17B to $4.09B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

S&P Global SPGI Deferred Revenue

Deferred Revenue at other companies

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$183.49M+7.4%

Moody'sMCO

$1.6B+1.1%

Nasdaq, Inc.NDAQ

$931M+9.8%

MorningstarMORN

$1.6B+160%

MSCIMSCI

$1.14B+7.2%

News CorporationNWS

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Other financials

Income statement

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Revenue$4.1B+10.4%

Gross profit$3.0B+13.1%

Operating income$1.8B+16.8%

Net income$1.2B+13.5%

EPS (diluted)$4.12+17.7%

Balance sheet

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Cash & equivalents$4.1B+124%

Total debt$15.7B+31.1%

Total equity$31.5B-5.7%

Total assets$62.9B+4.2%

Cash flow

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Operating cash flow$1.4B-0.4%

CapEx$38.0M-37.7%

Free cash flow$1.4B+1.2%

Valuation

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Market cap$125.1B-23.1%

Enterprise value$136.72B-21.0%

P/E25.4×-15.1×

P/S7.8×-3.3×

Profitability

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Gross margin70.9%+1.2pp

Operating margin44.4%+4.5pp

Net margin30.5%+3.2pp

FCF margin34.6%-2.2pp

Returns & leverage

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Return on equity15.2%+3.4pp

Debt / equity0.5×+0.1×

Current ratio1×0.0×

Where this comes from

Reported directly by S&P Global in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: S&P Global’s 10-Q, filed July 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is S&P Global's deferred revenue?: S&P Global (SPGI) reported deferred revenue of $3.93B in Q2 2026.
How has S&P Global's deferred revenue changed year-over-year?: S&P Global's deferred revenue increased by 1.5% year-over-year, from $3.87B to $3.93B.
What is the long-term trend for S&P Global's deferred revenue?: Over 5 years (2020 to 2025), S&P Global's deferred revenue has grown at a 13.5% compound annual growth rate (CAGR), from $2.17B to $4.09B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.