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
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 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×
Leverage
Debt-to-equity	1.5×0.0×	1.5×+0.1×	1.4×0.0×	1.4×0.0×	1.4×0.0×
Net debt / EBITDA	5.5×-0.4×	5.8×-0.1×	5.9×-0.2×	6.1×-0.2×	6.4×-0.5×
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%
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×
Dividend yield	3.2%+0.2pp	3%0.0pp	3%+0.1pp	2.9%-0.1pp	3%-0.1pp

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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.