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S&P Global SPGI Total costs & expenses

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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$121.44B-29.4%
Enterprise value$133.05B-26.9%
P/E24.7×-18.2×
P/S7.5×-4.2×

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:CostsAndExpenses.

The source filing: S&P Global’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:52 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000064040-26-000045
(in millions, except per share amounts)Three Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Selling and general expenses8738031,6751,568
Depreciation32266451
Amortization of intangibles275270551537
Total expenses2,3452,2184,6904,428
Gain on dispositions(11)(3)(186)(3)
Equity in income on unconsolidated subsidiaries(11)(22)
Operating profit1,8121,5513,8143,129
Other income, net(4)(28)(6)(23)

Item 1. Financial Statements (Unaudited)

FAQ

What is S&P Global's total costs & expenses?
S&P Global (SPGI) reported total costs & expenses of $2.35B in Q2 2026.
How has S&P Global's total costs & expenses changed year-over-year?
S&P Global's total costs & expenses increased by 5.7% year-over-year, from $2.22B to $2.35B.
What is the long-term trend for S&P Global's total costs & expenses?
Over 4 years (2021 to 2025), S&P Global's total costs & expenses has grown at a 22.4% compound annual growth rate (CAGR), from $4.09B to $9.16B.
What does total costs & expenses mean?
This represents the aggregate of all operating and non-operating costs incurred by the company to generate revenue during a specific period. It includes cost of goods sold, selling, general and administrative expenses, research and development, and other operational outlays. Analyzing this metric provides insight into the company's overall cost structure and operational efficiency relative to its revenue generation.

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