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S&P Global SPGI Mobility — Goodwill

Other segment segments

Market Intelligence
$19.66B+7.4%
Energy
$5.56B
Indices
$1.51B+9.9%
Ratings
$164M-36.7%

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$79M-1.3%
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AIROElectric Air Mobility — Goodwill
$434.35M0.0%

Other financials

Income statement

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Revenue$4.1B+10.4%
Gross profit$3.0B+13.1%
Operating income$1.8B+16.8%
Net income$1.2B+13.5%
EPS (diluted)$4.12+17.7%

Balance sheet

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Cash & equivalents$4.1B+124%
Total debt$15.7B+31.1%
Total equity$31.5B-5.7%
Total assets$62.9B+4.2%

Cash flow

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Operating cash flow$1.4B-0.4%
CapEx$38.0M-37.7%
Free cash flow$1.4B+1.2%

Valuation

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Market cap$122.71B-28.6%
Enterprise value$134.32B-26.2%
P/E24.9×-17.9×
P/S7.6×-4.1×

Profitability

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Gross margin70.9%+1.2pp
Operating margin44.4%+4.5pp
Net margin30.5%+3.2pp
FCF margin34.6%-2.2pp

Returns & leverage

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Return on equity15.2%+3.4pp
Debt / equity0.5×+0.1×
Current ratio0.0×

Where this comes from

Reported directly by S&P Global in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: S&P Global’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000064040-26-000013
(in millions)Market IntelligenceRatingsEnergyMobilityIndicesCorporateTotal
Acquisitions22916245
Dispositions(80)(80)
Other 1(26)(15)(4)(5)(48)(98)
Balance as of December 31, 202418,3062595,5508,8581,36957534,917
Acquisitions1,487243651,552
Reclassifications 2(141)(115)115(141)
Other 110(4)1310028147
Balance as of December 31, 2025$19,662$164$5,563$8,858$1,505$723$36,475

Item 8. Consolidated Financial Statements and Supplementary Data

FAQ

What is S&P Global's mobility — goodwill?
S&P Global (SPGI) reported mobility — goodwill of $8.86B in Q4 2025.
How has S&P Global's mobility — goodwill changed year-over-year?
S&P Global's mobility — goodwill decreased by 0.0% year-over-year, from $8.86B to $8.86B.
What does mobility — goodwill mean?
Represents the intangible asset value recorded when the cost of an acquired business in the mobility sector exceeds the fair value of its identifiable net assets. It reflects the premium paid for brand reputation, customer relationships, and proprietary technology within the automotive data and insights market.

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