What are S&P Global's profit margins?

S&P Global (SPGI) runs a 70.5% gross margin and a 43.9% operating margin, with a 30.4% net margin.

Where do S&P Global's ratios come from?

Every ratio is computed from S&P Global's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

S&P Global SPGI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	70.5%+0.2pp	70.2%+0.2pp	70%+0.3pp	69.8%+0.1pp	69.6%+0.3pp
Operating margin	43.9%+1.6pp	42.2%+1.5pp	40.7%+0.8pp	39.9%+0.1pp	39.8%+0.6pp
Net margin	30.4%+1.2pp	29.2%+1.1pp	28.1%+0.8pp	27.3%0.0pp	27.3%+0.1pp
EBITDA margin	51.5%+1.5pp	49.9%+1.3pp	48.6%+0.6pp	48%0.0pp	48%+0.4pp
Free cash flow margin	35.3%-0.3pp	35.6%-0.8pp	36.4%-0.4pp	36.8%-1.5pp	38.3%-0.9pp
Returns
Return on equity	14.8%+0.9pp	13.9%+1.3pp	12.6%+0.8pp	11.8%+0.1pp	11.7%+0.2pp
Return on assets	7.9%+0.6pp	7.4%+0.3pp	7%+0.4pp	6.6%0.0pp	6.6%+0.2pp
Return on invested capital	12.7%+1.0pp	11.7%+0.8pp	10.9%+0.6pp	10.3%+0.2pp	10.1%+0.2pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.2×0.0×	0.2×0.0×
Liquidity
Current ratio	0.7×-0.1×	0.8×-0.1×	1×0.0×	1×+0.1×	0.9×0.0×
Quick ratio	0.7×-0.1×	0.8×-0.1×	1×0.0×	1×+0.1×	0.9×0.0×
Cash ratio	0.2×0.0×	0.2×-0.1×	0.3×0.0×	0.3×+0.1×	0.2×0.0×
Leverage
Debt-to-equity	0.4×-0.1×	0.4×+0.1×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	1.2×-0.3×	1.5×+0.1×	1.4×0.0×	1.4×-0.1×	1.5×0.0×
Interest coverage	22.6×+0.1×	22.5×+2.4×	20.1×+0.3×	19.8×+0.3×	19.4×+0.6×
Per Share
Book value per share	$104.75+2.7%	$102.02-6.2%	$108.81-0.2%	$109.08+0.6%	$108.45+2.0%
Valuation
Market capitalization	$127.09B-19.7%	$158.24B+6.5%	$148.59B-7.4%	$160.39B+2.9%	$155.83B+0.8%
Enterprise value	$136.48B-19.5%	$169.48B+6.7%	$158.9B-6.8%	$170.55B+2.5%	$166.38B+0.9%
Price / earnings	26.6×-8.8×	35.4×+0.2×	35.2×-4.7×	40×+0.5×	39.4×-0.7×
Price / sales	8.1×-2.2×	10.3×+0.4×	9.9×-1.0×	10.9×+0.2×	10.8×-0.1×
Price / book	4.1×-1.0×	5.1×+0.6×	4.5×-0.3×	4.8×+0.1×	4.7×0.0×
EV / EBITDA	16.9×-5.3×	22.1×+0.4×	21.8×-2.4×	24.2×+0.2×	23.9×-0.5×
EV / sales	8.7×-2.4×	11.1×+0.5×	10.6×-1.0×	11.6×+0.1×	11.5×-0.1×
Free cash flow yield	4.4%+0.9pp	3.4%-0.2pp	3.7%+0.3pp	3.4%-0.2pp	3.6%0.0pp
Earnings yield	3.8%+0.9pp	2.8%0.0pp	2.8%+0.3pp	2.5%0.0pp	2.5%0.0pp
Dividend yield	0.9%+0.2pp	0.7%0.0pp	0.8%+0.1pp	0.7%0.0pp	0.7%0.0pp
PEG ratio	1.3×-0.9×	2.2×+0.3×	1.9×0.0×	1.9×+0.9×	1×+0.1×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about S&P Global.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are S&P Global's profit margins?: S&P Global (SPGI) runs a 70.5% gross margin and a 43.9% operating margin, with a 30.4% net margin.
Where do S&P Global's ratios come from?: Every ratio is computed from S&P Global's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.