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%+0.9pp	70.2%+0.9pp	70%+1.2pp	69.8%+1.5pp	69.6%+2.1pp
Operating margin	43.9%+4.0pp	42.2%+3.0pp	40.7%+3.2pp	39.9%+3.8pp	39.8%+6.6pp
Net margin	30.4%+3.1pp	29.2%+2.0pp	28.1%+2.3pp	27.3%+2.3pp	27.3%+5.3pp
EBITDA margin	51.5%+3.5pp	49.9%+2.4pp	48.6%+2.7pp	48%+3.2pp	48%+5.8pp
Free cash flow margin	35.3%-3.0pp	35.6%-3.6pp	36.4%-1.0pp	36.8%+1.3pp	38.3%+7.7pp
Returns
Return on equity	14.8%+3.1pp	13.9%+2.5pp	12.6%+2.3pp	11.8%+2.3pp	11.7%+3.7pp
Return on assets	7.9%+1.4pp	7.4%+1.0pp	7%+1.1pp	6.6%+1.2pp	6.6%+2.0pp
Return on invested capital	12.7%+2.6pp	11.7%+1.8pp	10.9%+1.8pp	10.3%+1.8pp	10.1%+2.8pp
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×-0.2×	0.8×0.0×	1×0.0×	1×0.0×	0.9×0.0×
Quick ratio	0.7×-0.2×	0.8×0.0×	1×0.0×	1×0.0×	0.9×0.0×
Cash ratio	0.2×-0.1×	0.2×0.0×	0.3×0.0×	0.3×-0.1×	0.2×0.0×
Leverage
Debt-to-equity	0.4×0.0×	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×-0.4×	1.5×-0.1×	1.4×-0.2×	1.4×-0.2×	1.5×-0.5×
Interest coverage	22.6×+3.1×	22.5×+3.7×	20.1×+3.1×	19.8×+4.5×	19.4×+6.4×
Per Share
Book value per share	$104.75-3.4%	$102.02-4.0%	$108.81-0.3%	$109.08-2.1%	$108.45-0.8%
Valuation
Market capitalization	$127.09B-18.4%	$158.24B+2.4%	$148.59B-8.1%	$160.39B+14.7%	$155.83B+16.8%
Enterprise value	$136.48B-18.0%	$169.48B+2.8%	$158.9B-7.6%	$170.55B+13.8%	$166.38B+15.4%
Price / earnings	26.6×-12.8×	35.4×-4.7×	35.2×-10.3×	40×-2.1×	39.4×-7.8×
Price / sales	8.1×-2.7×	10.3×-0.6×	9.9×-1.8×	10.9×+0.4×	10.8×+0.4×
Price / book	4.1×-0.6×	5.1×+0.4×	4.5×-0.3×	4.8×+0.8×	4.7×+0.8×
EV / EBITDA	16.9×-7.1×	22.1×-2.3×	21.8×-5.4×	24.2×-1.0×	23.9×-2.7×
EV / sales	8.7×-2.8×	11.1×-0.6×	10.6×-1.9×	11.6×+0.3×	11.5×+0.2×
Free cash flow yield	4.4%+0.8pp	3.4%-0.2pp	3.7%+0.5pp	3.4%0.0pp	3.6%+0.6pp
Earnings yield	3.8%+1.2pp	2.8%+0.3pp	2.8%+0.6pp	2.5%+0.1pp	2.5%+0.4pp
Dividend yield	0.9%+0.2pp	0.7%0.0pp	0.8%+0.1pp	0.7%-0.1pp	0.7%-0.1pp
PEG ratio	1.3×+0.3×	2.2×+1.3×	1.9×+0.8×	1.9×+0.9×	1×-87.5×

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.