Business Segments · Depreciation & Amortization
Ratings — Depreciation & Amortization
S&P Global Ratings — Depreciation & Amortization remained flat by 0.0% to $8.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 13.5%, from $9.25M to $8.00M. Over 4 years (FY 2021 to FY 2025), Ratings — Depreciation & Amortization shows a downward trend with a -8.7% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2016
Last reportedQ4 2025Feb 11, 2026
Rolls up toD&A
How to read this metric
Rising levels may indicate increased investment in assets, while declining levels might suggest aging infrastructure or fully amortized assets.
Detailed definition
The systematic allocation of the cost of tangible and intangible assets over their useful lives within the ratings segme...
Peer comparison
Universal metric for capital-intensive or technology-driven businesses; peers report this in segment-level operating expense breakdowns.
Metric ID:
spgi_segment_ratings_depreciation_amortizationHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $46.00M | $46.00M | $37.00M | $37.00M | $32.00M |
| YoY Change | — | +0.0% | -19.6% | +0.0% | -13.5% |
Range$32.00M – $46.00M
CAGR-8.7%
Avg YoY Growth-8.3%
Median YoY Growth-6.8%
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Frequently Asked Questions
- What is S&P Global's ratings — depreciation & amortization?
- S&P Global (SPGI) reported ratings — depreciation & amortization of $8.00M in Q4 2025.
- How has S&P Global's ratings — depreciation & amortization changed year-over-year?
- S&P Global's ratings — depreciation & amortization decreased by 13.5% year-over-year, from $9.25M to $8.00M.
- What is the long-term trend for S&P Global's ratings — depreciation & amortization?
- Over 4 years (2021 to 2025), S&P Global's ratings — depreciation & amortization has grown at a -8.7% compound annual growth rate (CAGR), from $46.00M to $32.00M.
- What does ratings — depreciation & amortization mean?
- The non-cash expense representing the gradual loss of value of the segment's physical and intangible assets over time.