S&P Global Inc. (SPGI)
S&P Global Inc. brought in $15.7B of revenue over the twelve months to March 31, 2026, up 8.5% from a year earlier. Net income was $4.8B, a net margin of 30.4%. Operating cash flow minus capital spending left $5.5B of free cash flow in fiscal 2025. At March 31, 2026 it held $1.8B in cash against $13.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 28, 2026.
Key facts about S&P Global Inc.
- Net worth
- S&P Global Inc. has a market value (market cap) of $120.2B at the latest share price, and shareholders' equity of $31.2B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $15.3B (+7.9% year on year), with net income of $4.5B. Over the 12 months to March 31, 2026: revenue $15.7B, net income $4.8B.
- Cash flow
- In fiscal 2025 operations brought in $5.7B of cash; after $195M of capital spending, free cash flow was $5.5B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 28, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- S&P Global Inc.'s next report is expected around October 29, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- S&P Global Inc. declared dividends of $3.84 per share in fiscal 2025, a yield of 0.94% at the current price.
What S&P Global Inc. does
S&P Global provides credit ratings, financial benchmarks, market data, and research analytics to capital and commodity markets. It produces widely tracked financial market indices such as the S&P 500 and sells ratings, research, and valuation data to investors, corporations, and financial institutions. Its shares trade on NYSE under the ticker SPGI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $15.3B | $4.5B | $14.66 | $5.5B |
| 2025 | $14.2B | $3.9B | $12.35 | $5.6B |
| 2023 | $12.5B | $2.6B | $8.23 | $3.6B |
| 2022 | $11.2B | $3.2B | $10.20 | $2.5B |
| 2021 | $8.3B | $3B | $12.51 | $3.6B |
| 2020 | $7.4B | $2.3B | $9.66 | $3.5B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SPGI ranks in Finance
Dividends
S&P Global Inc. declared $3.84 per share in fiscal 2025. At the current price that is a yield of 0.94%. It paid out $1.2B in cash dividends, 26% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.84 | $1.2B | 26% |
| 2025 | $3.64 | $1.1B | 29% |
| 2023 | $3.60 | $1.1B | 44% |
| 2022 | $3.32 | $1B | 32% |
| 2021 | $3.08 | $743M | 25% |
| 2020 | $2.68 | $645M | 28% |
Latest SEC filings
What S&P Global Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- July 28, 2026Form IRANNOTICE filing IRANNOTICE
- July 28, 2026Quarterly report 10-Q · period to June 30, 2026
- July 28, 2026
- July 9, 2026
- July 6, 2026
- July 6, 2026Investor disclosure 8-K/A
- July 2, 2026
- June 26, 2026
- May 26, 2026
- May 21, 2026
What is SPGI worth? A DCF from its reported cash flow
Insider trades
What the people running S&P Global Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 4 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Ganesan GirishEVP, Chief People Officer | Exercised options | 186 | - |
| October 1, 2026 | Ganesan GirishEVP, Chief People Officer | Shares withheld for tax | 103 | $40K |
| August 1, 2026 | Thomas Darren RobertCo-Head, Market Intelligence | Exercised options | 558 | - |
| August 1, 2026 | Thomas Darren RobertCo-Head, Market Intelligence | Shares withheld for tax | 227 | $93.5K |
| May 1, 2026 | Clay Catherine RCEO, S&P Dow Jones Indices | Bought | 2,500 | $1.1M |
| April 30, 2026 | Moritz Robert Edward Jr.Director | Bought | 1,152 | $500K |
| April 29, 2026 | Cheung MartinaCEO & President, Director | Bought | 2,322 | $998.3K |
| April 1, 2026 | Craig ChristopherSVP and Controller | Exercised options | 1,480 | $629.3K |
Who owns SPGI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.38% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,016 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 23,981,586 | -89,866 |
| Vanguard Capital Management LLC | 19,302,219 | -81,591 |
| State Street Corp | 14,482,789 | +307,255 |
| Tci Fund Management Ltd | 14,081,957 | +46,647 |
| Morgan Stanley | 7,309,278 | -598,902 |
| Geode Capital Management, LLC | 6,903,684 | -14,276 |
| Vanguard Portfolio Management LLC | 6,266,316 | -494,026 |
| Wellington Management Group Llp | 5,327,461 | -735,171 |
| Eagle Capital Management LLC | 4,067,628 | +2,642,317 |
| Norges Bank | 3,866,831 | new |
| Capital International Investors | 3,630,191 | +113,883 |
| Northern Trust Corp | 2,967,235 | -72,096 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 2,899,509 | -64,082 |
| Fmr LLC | 2,679,678 | -593,104 |
| Goldman Sachs Group Inc | 2,628,947 | -286,663 |
| Pershing Square Inc. | 2,593,155 | new |
| Charles Schwab Investment Management Inc | 2,431,860 | +158,608 |
| Wells Fargo & Company | 2,389,255 | -121,838 |
| Invesco Ltd. | 2,318,084 | +7,462 |
| Bank of America Corp | 2,126,141 | -2,321,433 |
Insiders
15 insiders reported holding 108,331 shares in total, about $44.2M at the last price.
| Holder | Shares |
|---|---|
| Cheung MartinaCEO & President, Director | 27,518 |
| Eager William WPresident, S&P Global Mobility | 14,867 |
| Kemps Steven JEVP, Chief Legal Officer | 13,141 |
| Craig ChristopherSVP and Controller | 11,491 |
| Saha SaugataPresident, Market Intelligence | 8,022 |
| Moore SallyEVP, Chief Client Officer | 7,717 |
| Thomas Darren RobertCo-Head, Market Intelligence | 6,505 |
| Ernsberger David PPresident, S&P Global Energy | 4,947 |
| Le Pallec YannPresident, S&P Global Ratings | 2,859 |
| Joly HubertDirector | 2,665 |
Questions about SPGI
What does S&P Global Inc. do?
S&P Global provides credit ratings, financial benchmarks, market data, and research analytics to capital and commodity markets. It produces widely tracked financial market indices such as the S&P 500 and sells ratings, research, and valuation data to investors, corporations, and financial institutions. Its shares trade on NYSE under the ticker SPGI.
What is S&P Global Inc.'s net worth?
S&P Global Inc. has a market value (market cap) of $120.2B at the latest share price, and shareholders' equity of $31.2B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is S&P Global Inc. profitable?
Yes. Over the twelve months to March 31, 2026 it reported net income of $4.8B on revenue of $15.7B, a net margin of 30.4%.
How much revenue does S&P Global Inc. make?
Over the twelve months to March 31, 2026 S&P Global Inc. reported revenue of $15.7B. That is 8.5% more than a year earlier.
When did S&P Global Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 28, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 5, 2026.
When is S&P Global Inc.'s next earnings report?
S&P Global Inc.'s next report is expected around October 29, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does S&P Global Inc. pay a dividend?
Yes. S&P Global Inc. declared dividends of $3.84 per share in fiscal 2025, a yield of 0.94% at the current price.
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Where the numbers come from
Financial figures are the values S&P Global Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.