S&P Global Inc. (SPGI)
As-reported financials and recent SEC filings for S&P Global Inc., latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About S&P Global Inc.
S&P Global Inc. provides benchmarks, data, analytics, and workflow solutions across capital, energy and commodity, and automotive markets. Its main businesses include Market Intelligence, which offers financial data and analytics; Ratings, which provides credit ratings and research; Energy, delivering price data and insights for energy and commodities; Mobility, serving the automotive value chain with data and analytics; and Indices, offering valuation and index benchmarks for investors. The company serves a wide range of clients including financial institutions, corporations, governments, automotive manufacturers, and investors worldwide.
Snapshot
Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).
What changed at S&P Global
- Revenue grew 7.9% to $15.3B in FY2025, slower than the 13.7% the year before.
- Operating margin is 42.2% in FY2025, -8.6 pp against 50.9% in FY2021.
- Most recent quarter Q1 FY2026: revenue $4.2B, up 10.4% from Q1 FY2025.
- Free cash flow was $5.5B in FY2025, 35.6% of revenue.
- Net income rose 16.1% to $4.5B in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where S&P Global’s fundamentals sit among the 424 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
S&P Global’s operating margin of 42.2% ranks in the 90th percentile of the 147 Financials companies reporting it. S&P Global’s P/E of 27.8 ranks in the 85th percentile of the 316 peers with a meaningful P/E.
3 open-market insider buys totaling $2.6M in the last 90 days. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →
Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Institutional ownership
Held by 8 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).
| Investor | As of | Position value | Shares | Change |
|---|---|---|---|---|
| AQR Capital Managementquant | Q1 2026 | $528.5M | 1.2M | Added |
| Millennium Managementquant | Q1 2026 | $418.7M | 984.4K | Reduced |
| Citadel Advisorsquant | Q1 2026 | $157.4M | 370.1K | Added |
| D. E. Shawquant | Q1 2026 | $138.7M | 326.1K | Added |
| Two Sigma Investmentsquant | Q1 2026 | $55.3M | 130.0K | Added |
| Himalaya Capital Management | Q1 2026 | $51.7M | 121.5K | New |
| Markel Group | Q1 2026 | $50.1M | 117.7K | Reduced |
| Bridgewater Associates | Q1 2026 | $13.9M | 32.7K | Reduced |
| Wedgewood Partners | Q1 2026 | $13.8M | 32.4K | Reduced |
| Gotham Asset Management | Q1 2026 | $13.4M | 31.4K | Added |
| Soros Fund Management | Q1 2026 | $7.0M | 16.5K | New |
| Dodge & Cox | Q1 2026 | $2.3M | 5.4K | Held |
| Ruane Cunniff (Sequoia) | Q1 2026 | $225,856 | 531 | Held |
No longer held by: Coatue Management (as of Q1 2026), Point72 Asset Management (as of Q1 2026)
From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.
Recent insider activity
Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).
| Trade date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
2026-05-01 filed 2026-05-04 | Clay Catherine RCEO, S&P Dow Jones Indices | Buy | 2.5K | $431.39 | $1.1M |
2026-04-30 filed 2026-05-04 | Moritz Robert Edward Jr.Director | Buy | 1.2K | $434.03 | $500K |
2026-04-29 filed 2026-05-01 | CHEUNG MARTINACEO & President | Buy | 2.3K | $429.93 | $998K |
Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-07-15 | 5.1M | +47.3% | 2.24 |
| 2026-06-30 | 3.4M | -29.7% | 1.18 |
| 2026-06-15 | 4.9M | +7.5% | 2.51 |
| 2026-05-29 | 4.5M | +13.3% | 1.95 |
| 2026-05-15 | 4.0M | +47.5% | 2.06 |
| 2026-04-30 | 2.7M | -10.2% | 1.59 |
| 2026-04-15 | 3.0M | -16.5% | 1.70 |
| 2026-03-31 | 3.6M | -3.8% | 1.68 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $15.34B | $14.21B | $12.50B | $11.18B | $8.30B |
| Gross profit | $10.77B | $9.85B | $8.36B | $7.43B | $6.12B |
| Operating income | $6.48B | $5.58B | $4.02B | $4.94B | $4.22B |
| Net income | $4.47B | $3.85B | $2.63B | $3.25B | $3.02B |
| Diluted EPS | $14.66 | $12.35 | $8.23 | $10.20 | $12.51 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $1.75B | $1.67B | $1.29B | $1.29B | $6.50B |
| Current assets | $6.30B | $5.46B | $5.14B | $5.67B | $8.81B |
| Total assets | $61.20B | $60.22B | $60.59B | $61.78B | $15.03B |
| Current liabilities | $7.64B | $6.39B | $6.13B | $6.00B | $3.81B |
| Long-term debt | $12.37B | $11.39B | $11.41B | $10.73B | $4.11B |
| Total liabilities | $25.05B | $22.71B | $22.49B | $22.04B | $9.49B |
| Total equity | $31.23B | $33.26B | $34.30B | $36.48B | $2.11B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $5.65B | $5.69B | $3.71B | $2.60B | $3.60B |
| Capital expenditure | $195.0M | $124.0M | $143.0M | $89.0M | $35.0M |
| Free cash flow | $5.46B | $5.57B | $3.57B | $2.51B | $3.56B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q1 FY2026 | $4.17B | 10.4% | $1.40B | $4.69 |
| Q4 FY2025 | $3.92B | 9.0% | $1.13B | $3.75 |
| Q3 FY2025 | $3.89B | 8.8% | $1.18B | $3.86 |
| Q2 FY2025 | $3.75B | 5.8% | $1.07B | $3.50 |
| Q1 FY2025 | $3.78B | 8.2% | $1.09B | $3.54 |
| Q4 FY2024 | $3.59B | 14.0% | $880.0M | $2.85 |
| Q3 FY2024 | $3.58B | 15.9% | $971.0M | $3.11 |
| Q2 FY2024 | $3.55B | 14.4% | $1.01B | $3.23 |
Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Recent SEC filings
Largest Financials peers
SPGI head to head
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.