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S&P Global SPGI Total Revenue

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Segments

By product

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Subscription$2.01B+6.1%
Non-subscription / Transaction$978M+15.1%
Non-transaction$538M+11.9%
Asset-linked fees$339M+17.7%
Recurring variable revenue$169M+12.7%
Sales usage-based royalties$133M+20.9%

By segment

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Ratings$1.3B+13.3%
Market Intelligence$1.3B+8.1%
Energy$652M
Indices$519M+16.6%

By geography

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Europe$895M+5.4%
Asia$430M+12.6%
Rest Of World$221M+8.3%

Other financials

Income statement

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Gross profit$2.9B+11.9%
Operating income$2.0B+26.9%
Net income$1.4B+28.0%
EPS (diluted)$4.69+32.5%

Balance sheet

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Cash & equivalents$1.8B+23.2%
Total debt$11.2B-6.8%
Total equity$31.2B-6.6%
Total assets$60.8B+1.5%

Cash flow

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Operating cash flow$1.0B+8.8%
CapEx$27.0M-37.2%
Free cash flow$1.0B+11.0%

Valuation

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Market cap$116.96B-24.4%
Enterprise value$126.35B-23.5%
P/E24.5×-14.6×
P/S7.4×-3.2×

Profitability

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Gross margin70.5%+0.9pp
Operating margin43.9%+4.0pp
Net margin30.4%+3.1pp
FCF margin35.3%-3.0pp

Returns & leverage

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Return on equity14.8%+3.1pp
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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: S&P Global’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is S&P Global's total revenue?
S&P Global (SPGI) reported total revenue of $4.17B in Q1 2026.
How has S&P Global's total revenue changed year-over-year?
S&P Global's total revenue increased by 10.4% year-over-year, from $3.78B to $4.17B.
What is the long-term trend for S&P Global's total revenue?
Over 4 years (2021 to 2025), S&P Global's total revenue has grown at a 16.6% compound annual growth rate (CAGR), from $8.3B to $15.34B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.