What is S&P Global's operating income?

S&P Global (SPGI) reported operating income of $2B 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 $2B.

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?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

S&P Global SPGI Operating Income

Operating Income at other companies

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$184.96M-0.3%

Moody'sMCO

$922M+9.0%

Nasdaq, Inc.NDAQ

$657M+20.1%

MorningstarMORN

$155.9M+36.6%

MSCIMSCI

$456.9M+21.2%

Intercontinental ExchangeICE

$1.67B+36.4%

Segments

By segment

See full

Ratings$881M+16.4%

Market Intelligence$440M+100%

Indices$372M+18.1%

Energy$287M—

Other financials

Income statement

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Revenue$4.2B+10.4%

Gross profit$2.9B+11.9%

Net income$1.4B+28.0%

EPS (diluted)$4.69+32.5%

Balance sheet

See full

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

See full

Operating cash flow$1.0B+8.8%

CapEx$27.0M-37.2%

Free cash flow$1.0B+11.0%

Valuation

See full

Market cap$116.96B-24.4%

Enterprise value$126.35B-23.5%

P/E24.5×-14.6×

P/S7.4×-3.2×

Profitability

See full

Gross margin70.5%+0.9pp

Operating margin43.9%+4.0pp

Net margin30.4%+3.1pp

FCF margin35.3%-3.0pp

Returns & leverage

See full

Return on equity14.8%+3.1pp

Debt / equity0.4×0.0×

Current ratio0.7×-0.2×

Where this comes from

Reported directly by S&P Global in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?: S&P Global (SPGI) reported operating income of $2B 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 $2B.
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?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.