S&P GlobalSPGIEarnings & Financial Report
S&P Global Inc. is an American publicly traded corporation headquartered in Manhattan, New York. Its primary areas of business are financial information, analytics, and energy and commodities intelligence. It is the parent company of S&P Global Ratings, S&P Global Energy, S&P Global Market Intelligence, S&P Global Mobility, and the Indian credit rating agency CRISIL. It is also the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's".
Revenue
$3.8B
Gross Profit
$2.6B
Operating Profit
$1.6B
Net Profit
$1.1B
Gross Margin
70.2%
Operating Margin
41.3%
Net Margin
28.5%
YoY Growth
5.8%
EPS
$3.50
S&P Global Q2 FY2025 Financial Summary
S&P Global reported revenue of $3.8B (up 5.8% YoY) for Q2 FY2025, with a net profit of $1.1B (up 6.0% YoY) (28.5% margin). Cost of goods sold was $1.1B, operating expenses totaled $1.1B.
Key Financial Metrics
| Total Revenue | $3.8B |
|---|---|
| Net Profit | $1.1B |
| Gross Margin | 70.2% |
| Operating Margin | 41.3% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
S&P Global Q2 FY2025 revenue of $3.8B breaks down across 9 segments, led by Other at $1.3B (33.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $1.3B | 33.3% |
| Commodity Insights Segment | $555.0M | 14.8% |
| Non Transaction | $551.0M | 14.7% |
| Indices Segment | $443.0M | 11.8% |
| Mobility Segment | $438.0M | 11.7% |
| Asset Linked Fees | $286.0M | 7.6% |
| Recurring Variable Revenue | $158.0M | 4.2% |
| Non Subscription Transaction | $42.0M | 1.1% |
| Sales Usage Based Royalties | $30.0M | 0.8% |
S&P Global Revenue by Segment — Quarterly Trend
S&P Global revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Commodity Insights Segment) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Other | — | $706.0M | $1.3B | $1.3B |
| Commodity Insights Segment | — | — | — | $555.0M |
| Non Transaction | — | $602.0M | $572.0M | $551.0M |
| Indices Segment | — | $495.0M | $459.0M | $443.0M |
| Mobility Segment | — | $444.0M | $445.0M | $438.0M |
S&P Global Annual Revenue by Year
S&P Global annual revenue history includes year-by-year totals (for example, 2025 revenue was $15.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $15.3B |
| 2024 | $14.2B |
| 2023 | $12.5B |
| 2022 | $11.2B |
S&P Global Quarterly Revenue & Net Profit History
S&P Global results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $4.2B | +10.0% | $1.5B | 36.1% |
| Q4 FY2025 | $3.9B | +9.0% | $1.1B | 28.9% |
| Q3 FY2025 | $3.9B | +8.8% | $1.2B | 30.2% |
| Q2 FY2025 | $3.8B | +5.8% | $1.1B | 28.5% |
| Q1 FY2025 | $3.8B | +8.2% | $1.1B | 28.9% |
| Q4 FY2024 | $3.6B | +14.0% | $879.0M | 24.5% |
| Q3 FY2024 | $3.6B | +15.9% | $971.0M | 27.2% |
| Q2 FY2024 | $3.5B | +14.4% | $1.0B | 28.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.55B | $3.58B | $3.59B | $3.78B | $3.75B | $3.89B | $3.92B | $4.17B |
| YoY Growth | 14.4% | 15.9% | 14.0% | 8.2% | 5.8% | 8.8% | 9.0% | 10.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $60.96B | $60.37B | $60.22B | $59.89B | $60.40B | $59.75B | $61.20B | $60.79B |
| Liabilities | $21.97B | $21.98B | $22.71B | $22.16B | $22.43B | $22.05B | $25.05B | $24.59B |
| Equity | $34.88B | $33.99B | $33.16B | $33.37B | $33.39B | $33.13B | $31.13B | $31.29B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.56B | $1.45B | $1.74B | $953.0M | $1.45B | $1.50B | $1.75B |