Revenue
$15.34B
Fiscal year ended 2025-12-31Operating income
$6.48B
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31S&P Global Inc. (SPGI) reported revenue of $15.34B and net income of $4.47B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from S&P Global Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Consumer Credit Reporting, Collection Agencies.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.34B | $14.21B | $12.50B | $11.18B | $8.30B | $7.44B | $6.70B | $6.26B | $6.06B | $5.66B |
| Cost of revenue | $4.56B | $4.36B | $4.14B | $3.75B | $2.18B | $2.09B | $1.98B | $1.84B | $1.69B | $1.77B |
| Gross profit | $10.77B | $9.85B | $8.36B | $7.43B | $6.12B | $5.35B | $4.72B | $4.42B | $4.37B | $3.89B |
| Operating income | $6.48B | $5.58B | $4.02B | $4.94B | $4.22B | $3.62B | $3.23B | $2.79B | $2.58B | $3.34B |
| Net income | $4.47B | $3.85B | $2.63B | $3.25B | $3.02B | $2.34B | $2.12B | $1.96B | $1.50B | $2.11B |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 305.10M | shares 311.90M | shares 318.90M | shares 318.50M | shares 241.80M | shares 242.10M | shares 246.90M | shares 253.20M | shares 258.90M | shares 265.20M |
| Pretax income | $6.23B | $5.31B | $3.67B | $4.70B | $4.16B | $3.23B | $2.93B | $2.68B | $2.46B | $3.19B |
| Income tax expense | $1.41B | $1.14B | $778.00M | $1.18B | $901.00M | $694.00M | $627.00M | $560.00M | $823.00M | $960.00M |
| Diluted EPS | $14.66 | $12.35 | $8.23 | $10.20 | $12.51 | $9.66 | $8.60 | $7.73 | $5.78 | $7.94 |
| Selling, general & administrative | $3.42B | $3.20B | $3.16B | $3.40B | $1.73B | $1.54B | $1.34B | $1.42B | $1.61B | $1.47B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.74B | $1.67B | $1.29B | $1.29B | $6.50B | $4.11B | $2.87B | $1.92B | $2.78B | $2.39B |
| Total assets | $61.20B | $60.22B | $60.59B | $61.78B | $15.03B | $12.54B | $11.35B | $9.44B | $9.42B | $8.67B |
| Current assets | $6.30B | $5.46B | $5.14B | $5.67B | $8.81B | $5.99B | $4.71B | $3.59B | $4.32B | $3.67B |
| Total liabilities | $25.05B | $22.71B | $22.49B | $22.04B | $9.49B | $9.18B | $8.54B | $7.14B | $7.31B | $6.89B |
| Current liabilities | $7.64B | $6.39B | $6.12B | $6.00B | $3.82B | $3.59B | $3.09B | $2.63B | $3.21B | $2.61B |
| Total equity incl. NCI | $31.24B | $33.26B | $34.30B | $36.48B | $2.11B | $571.00M | $536.00M | $684.00M | $766.00M | $701.00M |
| Temporary (mezzanine) equity | $4.92B | $4.25B | $3.80B | $3.27B | $3.43B | $2.78B | $2.27B | $1.62B | $1.35B | $1.08B |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $3.44B | $2.87B | $2.83B | $2.49B | $1.65B | $1.59B | $1.58B | $1.45B | $1.32B | $1.12B |
| Goodwill | $36.48B | $34.92B | $34.85B | $34.54B | $3.51B | $3.74B | $3.58B | $3.54B | $2.99B | $2.95B |
| Long-term debt | $12.37B | $11.39B | $11.41B | $10.73B | $4.11B | $4.11B | $3.95B | $3.66B | $3.17B | $3.56B |
| Accounts payable | $610.00M | $553.00M | $557.00M | $450.00M | $205.00M | $233.00M | $190.00M | $211.00M | $195.00M | $183.00M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.65B | $5.69B | $3.71B | $2.60B | $3.60B | $3.57B | $2.78B | $2.06B | $2.02B | $1.56B |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$704.00M | -$255.00M | $562.00M | $3.63B | -$120.00M | -$240.00M | -$131.00M | -$513.00M | -$209.00M | $1.17B |
| Financing cash flow | -$4.93B | -$5.00B | -$4.28B | -$11.33B | -$1.01B | -$2.17B | -$1.75B | -$2.29B | -$1.51B | -$1.66B |
| Net change in cash | $79.00M | $375.00M | $4.00M | -$5.22B | $2.38B | $1.24B | $928.00M | -$821.00M | $387.00M | $911.00M |
| Stock-based compensation | $236.00M | $247.00M | $171.00M | $214.00M | $122.00M | $90.00M | $78.00M | $94.00M | $99.00M | $76.00M |
| Common dividends paid | $1.17B | $1.13B | $1.15B | $1.02B | $743.00M | $645.00M | $560.00M | $503.00M | $421.00M | $380.00M |
| Common share repurchases | $5.00B | $3.30B | $3.30B | $12.00B | $0 | $1.16B | $1.24B | $1.66B | $1.00B | $1.12B |
| Depreciation & amortization | $1.18B | $1.17B | $1.14B | $1.01B | $178.00M | $206.00M | $204.00M | $206.00M | $180.00M | $181.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 70.2% | 69.3% | 66.9% | 66.4% | 73.7% | 71.9% | 70.5% | 70.6% | 72.1% | 68.7% |
| Operating margin | 42.2% | 39.3% | 32.2% | 44.2% | 50.9% | 48.6% | 48.2% | 44.6% | 42.6% | 59.0% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 1.5% | 1.7% | 1.4% | 1.9% | 1.5% | 1.2% | 1.2% | 1.5% | 1.6% | 1.3% |
| Current ratio | 0.82x | 0.85x | 0.84x | 0.94x | 2.31x | 1.67x | 1.52x | 1.36x | 1.35x | 1.41x |
| Revenue YoY growth | 7.9% | 13.7% | 11.8% | 34.8% | 11.5% | 11.1% | 7.0% | 3.2% | 7.1% | Unavailable |
| Net margin | 29.2% | 27.1% | 21.0% | 29.0% | 36.4% | 31.4% | 31.7% | 31.3% | 24.7% | 37.2% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 0.40x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 22.6% | 21.5% | 21.2% | 25.1% | 21.6% | 21.5% | 21.4% | 20.9% | 33.4% | 30.1% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SPGI in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-04-28View SEC filing
10-K · Filed 2026-02-11View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-08-01View SEC filing
10-Q · Filed 2025-04-29View SEC filing
10-Q · Filed 2024-10-25View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.