Business Segments · Significant expenses
Ratings — Significant expenses
S&P Global Ratings — Significant expenses decreased by 7.3% to $420.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.2%, from $388.00M to $420.00M. Over 3 years (FY 2022 to FY 2025), Ratings — Significant expenses shows an upward trend with a 7.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityVolatile
First reportedQ1 2022
Last reportedQ1 2026Apr 28, 2026
How to read this metric
An increase suggests unexpected operational challenges or large-scale investments that may temporarily compress margins.
Detailed definition
The aggregate of material operating costs incurred by the ratings segment, excluding standard operating expenses. This c...
Peer comparison
Similar to 'special items' or 'non-recurring expenses' reported by peers in the financial services sector.
Metric ID:
spgi_segment_ratings_significant_expensesHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $335.00M | $335.00M | $335.00M | $335.00M | $362.25M | $362.25M | $362.25M | $362.25M | $375.00M | $388.00M | $426.00M | $429.00M | $388.00M | $396.00M | $408.00M | $453.00M | $420.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +8.1% | +0.0% | +0.0% | +0.0% | +3.5% | +3.5% | +9.8% | +0.7% | -9.6% | +2.1% | +3.0% | +11.0% | -7.3% |
| YoY Change | — | — | — | — | +8.1% | +8.1% | +8.1% | +8.1% | +3.5% | +7.1% | +17.6% | +18.4% | +3.5% | +2.1% | -4.2% | +5.6% | +8.2% |
Range$335.00M – $453.00M
CAGR+5.8%
Avg YoY Growth+7.3%
Median YoY Growth+8.1%
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Frequently Asked Questions
- What is S&P Global's ratings — significant expenses?
- S&P Global (SPGI) reported ratings — significant expenses of $420.00M in Q1 2026.
- How has S&P Global's ratings — significant expenses changed year-over-year?
- S&P Global's ratings — significant expenses increased by 8.2% year-over-year, from $388.00M to $420.00M.
- What is the long-term trend for S&P Global's ratings — significant expenses?
- Over 3 years (2022 to 2025), S&P Global's ratings — significant expenses has grown at a 7.1% compound annual growth rate (CAGR), from $1.34B to $1.65B.
- What does ratings — significant expenses mean?
- Large, non-recurring costs that significantly impact the ratings segment's operating expenses.