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S&P Global SPGI Gross margin

Gross margin at other companies

Moody's logo
Moody'sMCO
74.4%+1.7pp
Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
65.2%+4.2pp
Broadridge Financial Solutions logo
Broadridge Financial SolutionsBR
31.3%+0.9pp
Equifax logo
EquifaxEFX
56.1%+0.6pp
Cboe Global Markets logo
Cboe Global MarketsCBOE
54.1%+4.8pp
Uber Technologies logo
Uber TechnologiesUBER
41%+1.5pp

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%
Free cash flow$1.0B+11.0%

Valuation

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Market cap$123.73B-18.4%
Enterprise value$133.13B-18.0%
P/E25.9×-12.5×
P/S7.9×-2.6×

Profitability

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Operating margin43.9%+4.0pp
Net margin30.4%+3.1pp

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.

Based on trailing twelve months.

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 gross margin?
S&P Global (SPGI) reported gross margin of 70.5% in Q1 2026.
How has S&P Global's gross margin changed year-over-year?
S&P Global's gross margin increased by 1.2% year-over-year, from 69.6% to 70.5%.
What is the long-term trend for S&P Global's gross margin?
Over 4 years (2021 to 2025), S&P Global's gross margin has grown at a -1.1% compound annual growth rate (CAGR), from 292% to 279.7%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.