SPGI

S&P Global
D

SPGI

Arincen87/100B

If you had invested in S&P Global ago, it would be worth $4,181 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

87/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

S&P Global key facts

Style
Value stock · 6.1/10Growth 5.6 · Value 6.1 · Dividend 3.3
Day range
461.16 – 470.73
52-week range
361.03 – 552.25
Market capitalization
135.55B USD
P/E
27.80
EPS
16.82
Div Yield
0.83%
EPS growth forecast (FY2026)
+0.6%
Volume
39,636
Sector
Financial Services
Industry
Financial - Data & Stock Exchanges
CEO
Martina L. Cheung
Employees
45K
IPO date
21 Feb 1973

S&P Global earnings

Next earnings · Q4 FY2026
EPS estimate
4.04 USD
Revenue estimate
3.62B USD
Last quarter · Q3 FY2026
EPS4.58Beat +3.4%Revenue3.68BBeat +1.0%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20275.16——+12.66%3.94B——+7.07%
Q2 FY20275.18——+7.23%3.92B——+6.46%
Q1 FY20275.10——+8.49%3.96B——-5.01%
Q4 FY20264.04——-6.05%3.62B——-7.56%
Q3 FY20264.434.58+3.39%-3.17%3.64B3.68B+0.97%-5.40%
Q2 FY20264.814.83+0.42%+9.03%4.09B3.68B-10.14%-2.05%
Q1 FY20264.584.70+2.62%+7.55%4.08B4.17B+2.13%+10.43%
Q4 FY20254.334.30-0.69%+14.06%3.91B3.92B+0.19%+9.02%
Q3 FY20254.424.73+7.01%+21.59%3.83B3.89B+1.52%+8.76%
Q2 FY20254.214.43+5.23%+9.65%3.67B3.76B+2.24%+5.80%

S&P Global analyst forecast

12-month price target
512.14 USD
+9.53%

Analysts' 1-year price targets range from 490.00 to 531.00, with an average of 512.14.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
14 ratings
Strong buy
0
Buy
14
Hold
0
Sell
0
Strong sell
0

12-month price target

Highest target531.00
Average target512.14
Lowest target490.00
Current price467.59

S&P Global valuation

Price to earnings ratio (TTM)
27.80
Forward P/E (FY2026)
26.07
Price to sales (TTM)
8.52
Price to book
6.88
EV / EBITDA (TTM)
17.38

Capital structure

Market capitalization
135.55B USD
+
Total debt
13.58B USD
−
Cash and short-term investments
2.44B USD
=
Enterprise value
146.70B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)20.54————
FY2027 (est.)23.1720.54———
FY2026 (est.)26.0723.17———
Now (TTM)27.8023.568.526.8817.38
FY202535.6229.1310.395.1022.32
FY202440.2929.4810.924.6824.41
FY202353.4030.3011.224.1029.33
FY202232.6828.089.492.9119.36
FY202137.5744.8113.7055.9325.07

S&P Global against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: CME Group, Intercontinental Exchange, Moody's, Nasdaq, MSCI, and Coinbase Global, the US Financial - Data & Stock Exchanges companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median27.8
    21.359.3
  • Gross marginAbove its median70.2%
    66.4%73.7%
    Against its peers: 4 of 7Peers' median 71.4%
  • Operating marginAt its median42.2%
    32.2%50.9%
    Against its peers: 4 of 7Peers' median 41.8%
  • Net marginAbove its median29.2%
    21.0%36.4%
    Against its peers: 4 of 7Peers' median 29.0%
  • Return on equityAbove its median14.3%
    7.7%148.8%
    Against its peers: 3 of 6Peers' median 14.1%
  • Free cash flow marginAt its median35.6%
    22.5%42.9%
    Against its peers: 3 of 7Peers' median 33.9%
  • Revenue growthLowest in 5 years7.9%
    7.9%34.8%
    Against its peers: 5 of 7Peers' median 9.1%
  • EPS growthAt its median18.7%
    -19.3%50.1%
    Against its peers: 4 of 7Peers' median 18.1%
  • Debt to EBITDAAt its median1.85×
    1.05×2.33×
    Against its peers: 2 of 7Peers' median 3.11×
  • Current ratioLowest in 5 years0.82
    0.822.31
    Against its peers: 7 of 7Peers' median 1.03

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

S&P Global growth and profitability

Revenue (TTM)
15.91B USD
Net income (TTM)
4.99B USD
Gross margin
71.06%
Operating margin
48.65%
Net margin
31.34%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202515.34B+7.94%4.47B+16.07%70.25%42.24%29.15%7.69B+13.50%
FY202414.21B+13.69%3.85B+46.69%69.09%39.27%27.11%6.78B+31.66%
FY202312.50B+11.77%2.63B-19.15%66.86%32.17%21.01%5.15B-14.47%
FY202211.18B+34.76%3.25B+7.41%66.43%44.22%29.05%6.02B+34.92%
FY20218.30B+11.49%3.02B+29.29%73.73%50.87%36.45%4.46B+24.78%

S&P Global revenue breakdown

By product

FY2025
Market Intelligence: 37.1%Ratings: 35.7%Indices: 14.0%Mobility: 13.2%37.1%Market Intelligence35.7%Ratings14.0%Indices13.2%Mobility
SegmentRevenueShare of revenueChange on the year
Market Intelligence4.92B37.1%+5.8%
Ratings4.72B35.7%+8.1%
Indices1.85B14.0%+13.6%
Mobility1.75B13.2%+8.6%

By region

FY2025
United States: 60.8%Europe: 23.0%Asia: 10.7%Rest Of World: 5.5%60.8%United States23.0%Europe10.7%Asia5.5%Rest Of World
RegionRevenueShare of revenueChange on the year
United States9.32B60.8%+7.9%
Europe3.53B23.0%+8.4%
Asia1.64B10.7%+10.0%
Rest Of World843.00M5.5%+2.7%

How S&P Global makes its money

Revenue15.34B 100.0%
Cost of revenue4.56B 29.8%
Gross profit10.77B 70.2%
Selling and administration3.42B 22.3%
Other operating expenses878.00M 5.7%
Operating income6.48B 42.2%
Tax1.41B 9.2%
Other expense600.00M 3.9%
Net income4.47B 29.2%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

S&P Global dividends

Annual dividend
3.88 USD
Dividend yield (indicated)
0.83%
Payout ratio
28.78%
Years of dividend growth
41
Frequency
Quarterly
Last payment
0.97 USD
Last ex-dividend date
25 Nov 2026
Last payment date
10 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share3.843.643.603.323.082.682.282.001.641.44

S&P Global financial health

Cash and short-term investments
2.44B USD
Total debt
13.58B USD
Net cash
-11.14B USD
Free cash flow (TTM)
5.64B USD
Current ratio
0.74
Debt to equity
0.69
Piotroski score
8 / 9
Altman Z-score
4.85

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.80B14.20B5.46B
FY20241.69B11.93B5.57B
FY20231.32B12.00B3.57B
FY20221.30B11.65B2.51B
FY20216.51B4.70B3.56B

S&P Global ownership

Institutions
88.38%
Institutional holders
2,128 (-60)
Free float
99.75%

Who owns the shares

Institutions 88.4% Others 11.6%
As of 30 Jun 2026

Shares free to trade

Free float 289.18M shares ·99.8% Closely held 718.95K shares ·0.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026001.39K2.08K
Q3 20260018.76K9.27K
Q2 20263014.31K2.24K
Q1 20262090.30K25.63K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025304.80M305.10M-2.18%
FY2024311.60M311.90M-2.20%
FY2023318.40M318.90M+0.13%
FY2022316.90M318.50M+31.72%
FY2021240.80M241.80M-0.12%

Source: Financial Modeling Prep

Related Instruments

Title: S&P Global

Sector: Financial Services
Industry: Financial - Data & Stock Exchanges
S&P Global is an American publicly traded corporation headquartered in New York City. Operating primarily as a market intelligence company that provides financial information and data analytics services, one of the most recognizable services is as an independent rating firm. S&P Global is the parent company of S&P Global Ratings, S&P Global Market Intelligence, S&P Global Mobility, S&P Global Engineering Solutions, S&P Global Sustainable1, S&P Global Commodity Insights and CRISIL. It is the majority owner of the S&P Dow Jones Indices joint venture. The company provides commodified information and data to provide analytics services and offer market intelligence reviews, ratings and benchmarks. The company was founded by James H. McGraw and John A. Hill in 1917. S&P abbreviates the name Standard and Poors.

Common questions about S&P Global stock

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