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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	280.5%+0.9pp	279.7%+0.9pp	278.7%+1.2pp	277.6%+1.5pp	276%+2.1pp
Operating margin	166.8%+4.0pp	162.7%+3.0pp	159.8%+3.2pp	156.5%+3.8pp	152.8%+6.6pp
Net margin	114.9%+3.1pp	111.8%+2.0pp	109.8%+2.3pp	107.5%+2.3pp	105.2%+5.3pp
EBITDA margin	198%+3.5pp	194.5%+2.4pp	192.1%+2.7pp	189.4%+3.2pp	186.2%+5.8pp
Free cash flow margin	144.1%-3.0pp	147.1%-3.6pp	150.7%-1.0pp	151.6%+1.3pp	150.3%+7.7pp
Returns
Return on equity	53%+3.1pp	49.9%+2.5pp	47.4%+2.3pp	45.1%+2.3pp	42.8%+3.7pp
Return on assets	28.9%+1.4pp	27.6%+1.0pp	26.6%+1.1pp	25.4%+1.2pp	24.3%+2.0pp
Return on invested capital	45.5%+2.6pp	42.9%+1.8pp	41.1%+1.8pp	39.3%+1.8pp	37.6%+2.8pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	0.9×0.0×	0.9×0.0×
Liquidity
Current ratio	3.5×-0.2×	3.7×0.0×	3.7×0.0×	3.7×0.0×	3.7×0.0×
Quick ratio	3.5×-0.2×	3.7×0.0×	3.7×0.0×	3.7×0.0×	3.7×0.0×
Cash ratio	1×-0.1×	1.1×0.0×	1.1×0.0×	1.1×-0.1×	1.2×0.0×
Leverage
Debt-to-equity	1.5×0.0×	1.5×+0.1×	1.4×0.0×	1.4×0.0×	1.4×0.0×
Debt-to-assets	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Net debt / EBITDA	5.5×-0.4×	5.8×-0.1×	5.9×-0.2×	6.1×-0.2×	6.4×-0.5×
Interest coverage	84.9×+3.1×	81.8×+3.7×	78.1×+3.1×	75×+4.5×	70.5×+6.4×
Per Share
Book value per share	$424.66-0.9%	$428.37-1.0%	$432.66-0.1%	$432.97-0.5%	$435.26-0.2%
Valuation
Market capitalization	$594.31B-4.6%	$623.04B+0.6%	$619.34B-2.1%	$632.45B+3.4%	$611.93B+3.8%
Enterprise value	$635.42B-4.5%	$665.32B+0.7%	$660.75B-2.0%	$673.9B+3.2%	$653.2B+3.5%
Price / earnings	137.2×-12.8×	150×-4.7×	154.7×-10.3×	165×-2.1×	167.2×-7.8×
Price / sales	39.2×-2.7×	41.9×-0.6×	42.4×-1.8×	44.3×+0.4×	43.9×+0.4×
Price / book	18.4×-0.6×	19×+0.4×	18.6×-0.3×	18.9×+0.8×	18.1×+0.8×
EV / EBITDA	84.9×-7.1×	92×-2.3×	94.3×-5.4×	99.8×-1.0×	100.8×-2.7×
EV / sales	41.9×-2.8×	44.7×-0.6×	45.3×-1.9×	47.2×+0.3×	46.9×+0.2×
Free cash flow yield	14.9%+0.8pp	14.1%-0.2pp	14.2%+0.5pp	13.7%0.0pp	13.7%+0.6pp
Earnings yield	11.9%+1.2pp	10.7%+0.3pp	10.4%+0.6pp	9.7%+0.1pp	9.6%+0.4pp
Dividend yield	3.2%+0.2pp	3%0.0pp	3%+0.1pp	2.9%-0.1pp	3%-0.1pp
PEG ratio	7.3×+0.3×	7×+1.3×	5.6×+0.8×	4.8×+0.9×	3.9×-87.5×

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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.