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S&P Global SPGI Buildings and leasehold improvements

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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$120.33B-29.1%
Enterprise value$131.95B-26.6%
P/E24.5×-17.8×
P/S7.5×-4.1×

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 ratio0.0×

Where this comes from

Reported directly by S&P Global in its filing.

Tagged under the XBRL concept spgi:BuildingsAndLeaseholdImprovements.

The source filing: S&P Global’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000064040-26-000013
(in millions)December 31, 2025December 31, 2024
Assets held for sale196
Total current assets6,2965,459
Property and equipment:
Buildings and leasehold improvements444433
Equipment and furniture695655
Total property and equipment1,1391,088
Less: accumulated depreciation(861)(823)
Property and equipment, net278265

Item 8. Consolidated Financial Statements and Supplementary Data

FAQ

What is S&P Global's buildings and leasehold improvements?
S&P Global (SPGI) reported buildings and leasehold improvements of $444M in Q4 2025.
How has S&P Global's buildings and leasehold improvements changed year-over-year?
S&P Global's buildings and leasehold improvements increased by 2.5% year-over-year, from $433M to $444M.
What is the long-term trend for S&P Global's buildings and leasehold improvements?
Over 5 years (2020 to 2025), S&P Global's buildings and leasehold improvements has grown at a 4.1% compound annual growth rate (CAGR), from $364M to $444M.
What does buildings and leasehold improvements mean?
This represents the historical cost of owned office buildings and the capitalized costs of improvements made to leased properties. These assets are essential for supporting the company's physical infrastructure and long-term operational footprint.

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