Operating Expenses

D&A

S&P Global D&A decreased by 1.5% to $266.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.8%, from $271.00M to $266.00M. Over 3 years (FY 2021 to FY 2024), D&A shows an upward trend with a 123.9% CAGR.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2015
Last reportedQ1 2026

How to read this metric

Higher levels often indicate significant recent capital investment or large historical acquisitions, while lower levels may suggest aging assets.

Detailed definition

Depreciation and amortization represent the systematic allocation of the cost of tangible and intangible assets over the...

Peer comparison

High in capital-intensive industries like healthcare and manufacturing; peers often report this as a significant non-cash drag on earnings.

Metric ID: depreciation_and_amortization

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$22.00M$21.00M$22.00M$111.00M$267.00M$267.00M$260.00M$262.00M$261.00M$260.00M$259.00M$264.00M$266.00M$271.00M$276.00M$268.00M$270.00M$266.00M
QoQ Change-4.5%+4.8%+404.5%+140.5%+0.0%-2.6%+0.8%-0.4%-0.4%-0.4%+1.9%+0.8%+1.9%+1.8%-2.9%+0.7%-1.5%
YoY Change>999%>999%>999%+136.0%-2.2%-2.6%-0.4%+0.8%+1.9%+4.2%+6.6%+1.5%+1.5%-1.8%
Range$21.00M$276.00M
CAGR+79.8%
Avg YoY Growth+250.9%
Median YoY Growth+1.7%

Business Segments

View all
SegmentFY'21FY'22FY'23FY'24FY'25
Market Intelligence$91.00M$509.00M$597.00M$627.00M$631.00M
Mobility$248.00M$314.00M$317.00M$320.00M
Energy$138.00M
Indices$10.00M$39.00M$42.00M$42.00M$43.00M
Ratings$46.00M$46.00M$37.00M$37.00M$32.00M
Commodity Insights$115.00M$137.00M$137.00M
Engineering Solutions$35.00M$2.00M$0.00$0.00
Total$96.00M$905.00M$1.04B$1.08B

All segment values are derived from annual filings.

Frequently Asked Questions

What is S&P Global's d&a?
S&P Global (SPGI) reported d&a of $266.00M in Q3 2025.
How has S&P Global's d&a changed year-over-year?
S&P Global's d&a decreased by 1.8% year-over-year, from $271.00M to $266.00M.
What is the long-term trend for S&P Global's d&a?
Over 3 years (2021 to 2024), S&P Global's d&a has grown at a 123.9% compound annual growth rate (CAGR), from $96.00M to $1.08B.
What does d&a mean?
The non-cash expense that spreads the cost of physical and intangible assets over their useful life.