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S&P Global SPGI Rest Of World — Concentration risk (as a percent)

Other geography segments

Asia
23%+4.5%
Europe
23%0.0%

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Other financials

Income statement

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Revenue$4.1B+10.4%
Gross profit$2.9B+11.9%
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$15.6B+30.0%
Total equity$31.6B-5.3%
Total assets$62.9B+4.2%

Cash flow

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Operating cash flow$1.4B-0.4%
CapEx$27.0M-37.2%
Free cash flow$1.0B+11.0%

Valuation

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Market cap$126.21B-22.4%
Enterprise value$134.67B-21.5%
P/E25.6×-13.7×
P/S8.1×-3.1×

Profitability

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Gross margin70.5%+0.9pp
Operating margin45.4%+4.2pp
Net margin31.4%+3.2pp
FCF margin35.6%-3.0pp

Returns & leverage

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Return on equity15.1%+3.2pp
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:ConcentrationRiskPercentage1.

The official record: S&P Global’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is S&P Global's rest of world — concentration risk (as a percent)?
S&P Global (SPGI) reported rest of world — concentration risk (as a percent) of 1.3% in Q4 2025.
How has S&P Global's rest of world — concentration risk (as a percent) changed year-over-year?
S&P Global's rest of world — concentration risk (as a percent) decreased by 16.7% year-over-year, from 1.5% to 1.3%.
What is the long-term trend for S&P Global's rest of world — concentration risk (as a percent)?
Over 4 years (2021 to 2025), S&P Global's rest of world — concentration risk (as a percent) has grown at a 0.0% compound annual growth rate (CAGR), from 5% to 5%.
What does rest of world — concentration risk (as a percent) mean?
This metric measures the degree of revenue or asset dependency on a limited number of clients, products, or specific sub-markets within the 'Rest of World' geographic segment. It is expressed as a percentage of the total segment base to quantify the potential impact of losing a key relationship or market driver. High concentration levels indicate heightened vulnerability to idiosyncratic shocks within that specific international region.