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S&P Global SPGI Free cash flow

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Other financials

Income statement

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Revenue$4.2B+10.4%
Gross profit$2.9B+11.9%
Operating income$2.0B+26.9%
Net income$1.4B+28.0%
EPS (diluted)$4.69+32.5%

Balance sheet

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Cash & equivalents$1.8B+23.2%
Total debt$11.2B-6.8%
Total equity$31.2B-6.6%
Total assets$60.8B+1.5%

Cash flow

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Operating cash flow$1.0B+8.8%
CapEx$27.0M-37.2%

Valuation

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Market cap$116.96B-24.4%
Enterprise value$126.35B-23.5%
P/E24.5×-14.6×
P/S7.4×-3.2×

Profitability

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Gross margin70.5%+0.9pp
Operating margin43.9%+4.0pp
Net margin30.4%+3.1pp
FCF margin35.3%-3.0pp

Returns & leverage

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Return on equity14.8%+3.1pp
Debt / equity0.4×0.0×
Current ratio0.7×-0.2×

Where this comes from

Calculated from S&P Global’s reported figures.

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

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Questions, answered.

What is S&P Global's free cash flow?
S&P Global (SPGI) reported free cash flow of $1.01B in Q1 2026.
How has S&P Global's free cash flow changed year-over-year?
S&P Global's free cash flow increased by 11.0% year-over-year, from $910M to $1.01B.
What is the long-term trend for S&P Global's free cash flow?
Over 4 years (2021 to 2025), S&P Global's free cash flow has grown at a 11.2% compound annual growth rate (CAGR), from $3.56B to $5.46B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.