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%+4.5pp	279.7%+5.7pp	278.7%+7.2pp	277.6%+8.4pp	276%+9.2pp
Operating margin	166.8%+14.0pp	162.7%+16.6pp	159.8%+20.8pp	156.5%+23.7pp	152.8%+26.0pp
Net margin	114.9%+9.7pp	111.8%+11.9pp	109.8%+15.9pp	107.5%+19.2pp	105.2%+22.5pp
EBITDA margin	198%+11.8pp	194.5%+14.1pp	192.1%+17.9pp	189.4%+20.6pp	186.2%+22.7pp
Free cash flow margin	144.1%-6.2pp	147.1%+4.4pp	150.7%+18.7pp	151.6%+29.6pp	150.3%+37.4pp
Returns
Return on equity	53%+10.2pp	49.9%+10.8pp	47.4%+12.3pp	45.1%+13.4pp	42.8%+14.3pp
Return on assets	28.9%+4.6pp	27.6%+5.2pp	26.6%+6.3pp	25.4%+7.0pp	24.3%+7.6pp
Return on invested capital	45.5%+7.9pp	42.9%+8.2pp	41.1%+9.4pp	39.3%+10.2pp	37.6%+10.8pp
Efficiency
Asset turnover	1×+0.1×	1×+0.1×	1×+0.1×	0.9×+0.1×	0.9×+0.1×
Liquidity
Current ratio	3.5×-0.3×	3.7×-0.1×	3.7×0.0×	3.7×0.0×	3.7×+0.3×
Quick ratio	3.5×-0.3×	3.7×-0.1×	3.7×0.0×	3.7×0.0×	3.7×+0.3×
Cash ratio	1×-0.2×	1.1×-0.1×	1.1×0.0×	1.1×0.0×	1.2×+0.1×
Leverage
Debt-to-equity	1.5×+0.1×	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×-0.9×	5.8×-1.0×	5.9×-1.5×	6.1×-1.7×	6.4×-2.0×
Interest coverage	84.9×+14.4×	81.8×+17.7×	78.1×+20.7×	75×+23.4×	70.5×+23.2×
Per Share
Book value per share	$424.66-2.4%	$428.37-1.8%	$432.66-1.0%	$432.97-1.4%	$435.26-0.8%
Valuation
Market capitalization	$594.31B-2.9%	$623.04B+5.7%	$619.34B+7.9%	$632.45B+19.7%	$611.93B+18.7%
Enterprise value	$635.42B-2.7%	$665.32B+5.4%	$660.75B+7.3%	$673.9B+18.2%	$653.2B+17.0%
Price / earnings	137.2×-30.0×	150×-25.0×	154.7×-33.0×	165×-24.0×	167.2×-34.0×
Price / sales	39.2×-4.7×	41.9×-1.7×	42.4×-1.4×	44.3×+2.8×	43.9×+2.4×
Price / book	18.4×+0.4×	19×+1.7×	18.6×+1.9×	18.9×+3.7×	18.1×+3.3×
EV / EBITDA	84.9×-15.8×	92×-11.5×	94.3×-13.8×	99.8×-6.5×	100.8×-9.3×
EV / sales	41.9×-5.0×	44.7×-1.9×	45.3×-1.7×	47.2×+2.4×	46.9×+1.9×
Free cash flow yield	14.9%+1.2pp	14.1%+1.0pp	14.2%+2.2pp	13.7%+1.9pp	13.7%+2.8pp
Earnings yield	11.9%+2.3pp	10.7%+1.5pp	10.4%+1.8pp	9.7%+1.2pp	9.6%+1.6pp
Dividend yield	3.2%+0.2pp	3%-0.1pp	3%-0.2pp	2.9%-0.6pp	3%-0.6pp
PEG ratio	7.3×+3.4×	7×-84.4×	5.6×—	4.8×—	3.9×—

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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.