What is S&P Global's SG&A?

S&P Global (SPGI) reported SG&A of $802M in Q1 2026.

How has S&P Global's SG&A changed year-over-year?

S&P Global's SG&A increased by 5.0% year-over-year, from $764M to $802M.

What is the long-term trend for S&P Global's SG&A?

Over 4 years (2021 to 2025), S&P Global's SG&A has grown at a 18.7% compound annual growth rate (CAGR), from $1.72B to $3.42B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

S&P Global SPGI SG&A

SG&A at other companies

FactSet Research SystemsFDS

$144.43M+30.5%

Moody'sMCO

$477M+8.7%

Intercontinental ExchangeICE

$85M+11.8%

Information Services GroupIII

$20.32M-4.0%

IQVIAIQV

$502M-1.2%

News CorporationNWS

——

Other financials

Income statement

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Revenue$4.2B+10.4%

Gross profit$2.9B+11.9%

Operating income$2.0B+26.9%

Net income$1.4B+28.0%

EPS (diluted)$4.69+32.5%

Balance sheet

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Cash & equivalents$1.8B+23.2%

Total debt$11.2B-6.8%

Total equity$31.2B-6.6%

Total assets$60.8B+1.5%

Cash flow

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Operating cash flow$1.0B+8.8%

CapEx$27.0M-37.2%

Free cash flow$1.0B+11.0%

Valuation

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Market cap$120.55B-17.6%

Enterprise value$129.94B-17.0%

P/E25.2×-11.2×

P/S7.7×-2.3×

Profitability

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Gross margin70.5%+0.9pp

Operating margin43.9%+4.0pp

Net margin30.4%+3.1pp

FCF margin35.3%-3.0pp

Returns & leverage

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Return on equity14.8%+3.1pp

Debt / equity0.4×0.0×

Current ratio0.7×-0.2×

Where this comes from

Reported directly by S&P Global in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The official record: S&P Global’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is S&P Global's SG&A?: S&P Global (SPGI) reported SG&A of $802M in Q1 2026.
How has S&P Global's SG&A changed year-over-year?: S&P Global's SG&A increased by 5.0% year-over-year, from $764M to $802M.
What is the long-term trend for S&P Global's SG&A?: Over 4 years (2021 to 2025), S&P Global's SG&A has grown at a 18.7% compound annual growth rate (CAGR), from $1.72B to $3.42B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.