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S&P Global SPGI Total Revenue

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Segments

By product

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Subscription$2.06B+5.6%
Non-subscription / Transaction$895M+20.1%
Non-transaction$540M+7.6%
Asset-linked fees$348M+21.7%
Recurring variable revenue$173M+9.5%
Sales usage-based royalties$126M+14.5%

By segment

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Ratings$1.34B+16.6%
Market Intelligence$1.29B+6.0%
Energy$568M+2.3%
Indices$534M+19.7%

By geography

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Europe$952M+10.3%
Asia$440M+7.8%
Rest Of World$224M+4.2%

Other financials

Income statement

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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$128.68B-23.3%
Enterprise value$140.29B-21.2%
P/E26.1×-15.7×
P/S-3.4×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Revenue$4,146$3,755$8,318$7,532
Expenses:
Operating-related expenses1,1651,1192,4002,272
Selling and general expenses8738031,6751,568
Depreciation32266451
Amortization of intangibles275270551537
Total expenses2,3452,2184,6904,428
Gain on dispositions(11)(3)(186)(3)

Item 1. Financial Statements (Unaudited)

FAQ

What is S&P Global's total revenue?
S&P Global (SPGI) reported total revenue of $4.15B in Q2 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 $3.76B to $4.15B.
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.

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