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Profile & Fundamentals

S&P Global Profile & Fundamentals

Name: S&P Global financial chart data preview
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Company and Market Context

Company Profile & Ownership

S&P Global Inc., together with its subsidiaries, provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets. It operates through four segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions. This segment offers Data, Analytics & Insights, a desktop product suite that provides data, analytics, and third-party research for global finance and corporate professionals; research, reference data, market data, derived analytics, and valuation services; enterprise solutions, such as software and workflow solutions; and credit and risk solutions for selling Ratings' credit ratings and related data and research, analytics, and financial risk solutions. The S&P Global Ratings segment operates as an independent provider of credit ratings, research, and analytics offering investors information and independent benchmarks for their investment and financial decisions as well as access to the capital markets. The S&P Global Energy segment provides information and benchmark prices for the energy and commodity markets. The S&P Dow Jones Indices segment operates as an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. It has operations in the United States, European region, Asia, and internationally. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.

Company profile record

S&P Global Inc

Common Stock · Financials · Financial Exchanges & Data

Official website

Company

Company / asset: S&P Global Inc
Security type: Common Stock
Sector: Financials
Industry: Financial Exchanges & Data
HQ: 🇺🇸 United States
Head office: 55 Water Street, New York, NY, United States, 10041

Leadership & scale

Chief executive: Ms. Martina L. Cheung
CEO year born: 1976
Full-time employees: 44.5K
Fiscal year end: December
IPO date: 2001-01-02

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 119.8B
P/E: 24.3x
Revenue (Q2 26): USD 4.1B
Profit (Q2 26): USD 1.2B
Dividend Yield: 0.7%
Revenue (FY 25): USD 15.3B
Shares in public float: 294.1M
Insider ownership: 0.11%

Reporting & identifiers

Symbol: SPGI.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US78409V1044
Asset ID: equity_e3473b64-4b40-506c-a5e7-445ee72d4337

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc24,071,452 shares · 8.17% · Reported 2026-03-31
Vanguard Capital Management, LLC19,383,810 shares · 6.58% · Reported 2026-03-31
State Street Corp14,175,534 shares · 4.81% · Reported 2026-03-31
TCI Fund Management Limited14,035,310 shares · 4.76% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest9,171,849 shares · 3.11% · Reported 2026-07-31
Vanguard 500 Index Investor7,958,618 shares · 2.70% · Reported 2026-07-31
Morgan Stanley - Brokerage Accounts7,908,180 shares · 2.68% · Reported 2026-03-31

View more holders (8)

Geode Capital Management, LLC6,917,960 shares · 2.35% · Reported 2026-03-31
Vanguard Portfolio Management, LLC6,760,342 shares · 2.29% · Reported 2026-03-31
Wellington Management Company LLP5,327,461 shares · 1.81% · Reported 2026-06-30
Bank of America Corp4,447,574 shares · 1.51% · Reported 2026-03-31
Eagle Capital Management LLC4,067,628 shares · 1.38% · Reported 2026-06-30
iShares Core S&P 500 ETF4,037,415 shares · 1.37% · Reported 2026-08-31
Fidelity 500 Index3,920,693 shares · 1.33% · Reported 2026-07-31
NORGES BANK3,866,831 shares · 1.31% · Reported 2026-06-30

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The financial reports show strong agreement that the company is an incredibly efficient cash-generating machine, boasting robust revenue growth of around eight to ten percent and exceptional operating leverage. Free cash flow conversion is highly praised, consistently exceeding thirty-five percent of revenue. The assessments agree that the company's unassailable pricing power protects its earnings from inflation, while recurring subscription revenues from indexes and data feeds provide a highly reliable financial floor. However, there is a clear disagreement regarding the outlook for the ratings division. Cautious views warn that high interest rates will cause corporate debt issuance to contract, dragging down near-term earnings. Optimistic views counter that an upcoming wall of maturing corporate debt will force companies to refinance regardless of high rates, ensuring steady ratings demand. Overall, the financial trend remains highly supportive of long-term compounding.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profitability margins are described as exceptional, with gross margins near seventy percent and operating margins exceeding forty-two percent. The reports agree that these high margins reflect a structural toll-bridge monopoly with immense pricing power, allowing the company to pass inflationary costs directly to its clients. There is strong consensus that the recent spin-off of the lower-margin Mobility division will structurally elevate even further, pushing them toward fifty percent. However, opinions clash on the valuation multiple. Some views argue that the current price-to-earnings multiple of twenty-seven is highly justified given the company's unassailable margins and high return on capital. Conversely, more skeptical views warn that any cyclical margin degradation in the ratings division due to a prolonged debt freeze will trigger a painful multiple compression. Overall, the margin trajectory remains a key pillar of the investment thesis.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	5,661,000,000	1,349,000,000	2,106,000,000	68.68	59.02	37.2	23.83
2017-12-31	6,063,000,000	1,893,000,000	1,496,000,000	72.06	42.6	24.67	31.22
2018-12-31	6,258,000,000	1,951,000,000	1,958,000,000	70.63	44.58	31.29	31.18
2019-12-31	6,699,000,000	2,661,000,000	2,123,000,000	70.5	48.16	31.69	39.72
2020-12-31	7,442,000,000	3,491,000,000	2,339,000,000	71.86	48.6	31.43	46.91
2021-12-31	8,297,000,000	3,563,000,000	3,024,000,000	73.73	50.87	36.45	42.94
2022-12-31	11,181,000,000	2,514,000,000	3,248,000,000	66.43	44.22	29.05	22.48
2023-12-31	12,497,000,000	3,567,000,000	2,626,000,000	100	32.17	21.01	28.54
2024-12-31	14,208,000,000	5,565,000,000	3,852,000,000	69.09	39.27	27.11	39.17
2025-12-31	15,336,000,000	5,456,000,000	4,471,000,000	70.25	42.24	29.15	35.58

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	35.3	Trailing four quarters
2024-12-31	40.32	Trailing four quarters
2023-12-31	52.97	Trailing four quarters
2022-12-31	33.54	Annual net income
2021-12-31	37.78	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	257,000,000
2018-01-01	251,500,000
2019-01-01	245,600,000
2020-01-01	241,700,000
2021-01-01	242,100,000
2022-01-01	325,200,000
2023-01-01	315,900,000
2024-01-01	311,900,000
2025-01-01	302,100,000
2026-01-01	295,500,000

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Earnings, Profitability & Valuation
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Capital Expenditure & R&D
- Capital allocation AI review
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Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
- Capital structure
- Liquidity and leverage
- Retained earnings
Dividends & Actions
- Cash dividends paid
- Dividend indicators
- Buybacks and issuance
- Combined shareholder returns
- Available corporate actions
Company Events
- Dated insider transactions
- Material company activity

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