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Equifax vs S&P Global: revenue, profit, margins and growth compared

Equifax brought in $6.1B of revenue in fiscal 2025, S&P Global $15.3B in fiscal 2025. Revenue changed by +6.9% at Equifax and +7.9% at S&P Global on the year before, so S&P Global grew faster. Equifax kept 10.9% of its revenue as net profit, S&P Global 29.2%. Free cash flow was $1.1B at Equifax and $5.5B at S&P Global.

Side by side, latest fiscal year

EFXSPGI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$6.1B$15.3B
Revenue growth+6.9%+7.9%
Net income$660.3M$4.5B
Net margin10.9%29.2%
Free cash flow$1.1B$5.5B
Free cash flow margin18.7%35.6%
Earnings per share (diluted)$5.32$14.66
Cash$180.8M$1.7B
Debt$5.1B$13.1B
Price to earnings27.827.5
Market value$17.4B$118.9B
Dividend yield1.28%0.95%
Rank by revenue in sector#88 of 444 · Finance#43 of 444 · Finance

Over the years

Revenue
EFX FY2018: $3.4BEFX FY2019: $3.5BEFX FY2020: $4.1BEFX FY2021: $4.9BEFX FY2022: $5.1BEFX FY2023: $5.3BEFX FY2024: $5.7BEFX FY2025: $6.1BSPGI FY2018: $6.3BSPGI FY2019: $6.7BSPGI FY2020: $7.4BSPGI FY2021: $8.3BSPGI FY2022: $11.2BSPGI FY2023: $12.5BSPGI FY2025: $14.2BSPGI FY2025: $15.3BFY18FY19FY20FY21FY22FY23FY24FY25
EFX $6.1BSPGI $15.3B
Net income
EFX FY2018: $310.5MEFX FY2019: -$384.1MEFX FY2020: $520.1MEFX FY2021: $744.2MEFX FY2022: $696.2MEFX FY2023: $545.3MEFX FY2024: $604.1MEFX FY2025: $660.3MSPGI FY2018: $2BSPGI FY2019: $2.1BSPGI FY2020: $2.3BSPGI FY2021: $3BSPGI FY2022: $3.2BSPGI FY2023: $2.6BSPGI FY2025: $3.9BSPGI FY2025: $4.5BFY18FY19FY20FY21FY22FY23FY24FY25
EFX $660.3MSPGI $4.5B
Net margin
EFX FY2018: 9.1%EFX FY2019: -11.0%EFX FY2020: 12.6%EFX FY2021: 15.1%EFX FY2022: 13.6%EFX FY2023: 10.4%EFX FY2024: 10.6%EFX FY2025: 10.9%SPGI FY2018: 31.3%SPGI FY2019: 31.7%SPGI FY2020: 31.4%SPGI FY2021: 36.4%SPGI FY2022: 29.0%SPGI FY2023: 21.0%SPGI FY2025: 27.1%SPGI FY2025: 29.2%FY18FY19FY20FY21FY22FY23FY24FY25
EFX 10.9%SPGI 29.2%
Revenue growth
EFX FY2019: +2.8%EFX FY2020: +17.7%EFX FY2021: +19.3%EFX FY2022: +4.0%EFX FY2023: +2.8%EFX FY2024: +7.9%EFX FY2025: +6.9%SPGI FY2019: +7.0%SPGI FY2020: +11.1%SPGI FY2021: +11.5%SPGI FY2022: +34.8%SPGI FY2023: +11.8%SPGI FY2025: +13.7%SPGI FY2025: +7.9%FY19FY20FY21FY22FY23FY24FY25
EFX +6.9%SPGI +7.9%
Free cash flow
EFX FY2018: $350.3MEFX FY2019: -$85.8MEFX FY2020: $524.9MEFX FY2021: $865.8MEFX FY2022: $132.6MEFX FY2023: $515.5MEFX FY2024: $813MEFX FY2025: $1.1BSPGI FY2018: $2BSPGI FY2019: $2.7BSPGI FY2020: $3.5BSPGI FY2021: $3.6BSPGI FY2022: $2.5BSPGI FY2023: $3.6BSPGI FY2025: $5.6BSPGI FY2025: $5.5BFY18FY19FY20FY21FY22FY23FY24FY25
EFX $1.1BSPGI $5.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Equifax and S&P Global

Which is bigger by revenue, Equifax or S&P Global?

S&P Global is bigger by revenue: $15.3B in fiscal 2025, against $6.1B for Equifax in fiscal 2025.

Which keeps more of its revenue as profit, Equifax or S&P Global?

Equifax had a net margin of 10.9% in fiscal 2025; S&P Global had 29.2% in fiscal 2025.

Which grew revenue faster, Equifax or S&P Global?

In their latest fiscal years revenue changed by +6.9% at Equifax and +7.9% at S&P Global.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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