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S&P Global SPGI Restructuring, Lease Impairment Charges And Other

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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$121.15B-28.6%
Enterprise value$132.76B-26.2%
P/E24.6×-17.7×
P/S7.5×-4.0×

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:RestructuringLeaseImpairmentChargesAndOther.

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)Year Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Deferred income taxes(242)(323)(381)
Stock-based compensation236247171
(Gain) loss on dispositions, net(273)(59)70
Restructuring, lease impairment charges and other324206246
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:
Accounts receivable(600)(79)(291)
Prepaid and other current assets32(79)(310)
Accounts payable and accrued expenses(55)245328

Item 8. Consolidated Financial Statements and Supplementary Data

FAQ

What is S&P Global's restructuring, lease impairment charges and other?
S&P Global (SPGI) reported restructuring, lease impairment charges and other of $81M in Q4 2025.
How has S&P Global's restructuring, lease impairment charges and other changed year-over-year?
S&P Global's restructuring, lease impairment charges and other increased by 57.3% year-over-year, from $51.5M to $81M.
What is the long-term trend for S&P Global's restructuring, lease impairment charges and other?
Over 4 years (2021 to 2025), S&P Global's restructuring, lease impairment charges and other has grown at a 38.1% compound annual growth rate (CAGR), from $89M to $324M.
What does restructuring, lease impairment charges and other mean?
These are non-recurring costs associated with reorganizing business operations, closing facilities, or writing down the value of leased assets. They represent management's efforts to streamline operations or respond to changing market conditions.

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