Operating Income
S&P Global Operating Income increased by 19.6% to $2.00B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 26.9%, from $1.58B to $2.00B. Over 4 years (FY 2021 to FY 2025), Operating Income shows an upward trend with a 11.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Growth in operating income suggests that the core business is becoming more profitable and efficient.
Detailed definition
The profit realized from a business's own operations after deducting operating expenses like wages, depreciation, and co...
Peer comparison
This is a key metric for comparing the fundamental business performance of companies with different tax or debt structures.
operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.15B | $1.08B | $903.00M | $1.89B | $1.48B | $853.00M | $717.00M | $1.14B | $911.00M | $1.07B | $891.00M | $1.39B | $1.45B | $1.43B | $1.31B | $1.58B | $1.55B | $1.68B | $1.67B | $2.00B |
| QoQ Change | — | -6.2% | -16.6% | +109.5% | -21.7% | -42.4% | -15.9% | +59.6% | -20.4% | +17.9% | -17.0% | +55.4% | +4.8% | -1.2% | -8.7% | +20.6% | -1.7% | +8.0% | -0.1% | +19.6% |
| YoY Change | — | — | — | — | +28.4% | -21.2% | -20.6% | -39.5% | -38.5% | +25.9% | +24.3% | +21.1% | +59.4% | +33.5% | +46.9% | +13.9% | +6.8% | +16.8% | +27.9% | +26.9% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Ratings | $725.00M | $676.00M | $627.00M | $757.00M | $715.00M | $819.00M | $722.00M | $881.00M |
| Market Intelligence | $230.00M | $230.00M | $226.00M | $220.00M | $259.00M | $277.00M | $235.00M | $440.00M |
| Indices | $263.00M | $282.00M | $286.00M | $315.00M | $309.00M | $317.00M | $330.00M | $372.00M |
| Energy | — | — | — | — | — | — | — | $287.00M |
| Commodity Insights | — | — | — | — | $233.00M | — | — | — |
| Engineering Solutions | $0.00 | $0.00 | $0.00 | — | — | — | $0.00 | — |
| Mobility | — | — | — | — | $104.00M | — | — | — |
| Total | $1.45B | $1.43B | $1.31B | $1.58B | $1.55B | $1.68B | $1.67B | $2.00B |
Commodity Insights, Engineering Solutions, Mobility were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is S&P Global's operating income?
- S&P Global (SPGI) reported operating income of $2.00B in Q1 2026.
- How has S&P Global's operating income changed year-over-year?
- S&P Global's operating income increased by 26.9% year-over-year, from $1.58B to $2.00B.
- What is the long-term trend for S&P Global's operating income?
- Over 4 years (2021 to 2025), S&P Global's operating income has grown at a 11.3% compound annual growth rate (CAGR), from $4.22B to $6.48B.
- What does operating income mean?
- The profit earned from core business activities, before accounting for interest and taxes.