SPGI
$443.16+1.15%
as of close, Oct 21, 2026
☾ AH $443.16 +1.15%
SPGI financial statements
The full income statement, balance sheet, and cash-flow statement for S&P Global Inc. (SPGI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 313.0M2024-09 310.3M2024-12 307.8M2025-03 306.7M2025-06 305.3M2025-09 302.8M2025-12 298.8M2026-03 296.0M2026-06 294.8M-5.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 15.3B+7.9% | 14.2B+13.7% | 12.5B+11.8% | 11.2B+34.8% | 8.30B+11.5% | |
| Cost of revenue | 4.56B+4.6% | 4.36B+5.3% | 4.14B+10.3% | 3.75B+72.2% | 2.18B+4.1% | |
| Selling, general & administrative | 3.42B+6.9% | 3.20B+1.2% | 3.16B-7.0% | 3.40B+96.4% | 1.73B+12.2% | |
| Amortization of intangibles | 1.07B-0.7% | 1.08B+3.4% | 1.04B+15.1% | 905M+842.7% | 96.0M-22.0% | |
| Provision for credit losses | 39.0M-9.3% | 43.0M+53.6% | 28.0M+16.7% | 24.0M+71.4% | 14.0M-17.6% | |
| Operating income | 6.48B+16.1% | 5.58B+38.8% | 4.02B-18.7% | 4.94B+17.1% | 4.22B+16.7% | |
| Interest expense | 287M-3.4% | 297M-11.1% | 334M+9.9% | 304M+155.5% | 119M-15.6% | |
| Other non-operating income | 36.0M+44.0% | 25.0M+266.7% | -15.0M-121.4% | 70.0M+12.9% | 62.0M+100.0% | |
| Equity-method income | 28.0M-34.9% | 43.0M+19.4% | 36.0M+33.3% | 27.0M | 0.00 | |
| Pre-tax income | 6.23B+17.3% | 5.31B+44.6% | 3.67B-21.9% | 4.70B+12.9% | 4.16B+29.0% | |
| Income tax | 1.41B+23.3% | 1.14B+46.7% | 778M-34.1% | 1.18B+31.0% | 901M+29.8% | |
| Net income | 4.47B+16.1% | 3.85B+46.7% | 2.63B-19.2% | 3.25B+7.4% | 3.02B+29.3% | |
| $14.66+18.7% | $12.35+50.1% | $8.23-19.3% | $10.20-18.5% | $12.51+29.5% | ||
| EPS (basic) | $14.67+18.7% | $12.36+49.8% | $8.25-19.5% | $10.25-18.4% | $12.56+29.4% | |
| Weighted-avg shares (basic) | 305M-2.2% | 312M-2.1% | 318M+0.5% | 317M+31.6% | 241M-0.1% | |
| Weighted-avg shares (diluted) | 305M-2.2% | 312M-2.2% | 319M+0.1% | 319M+31.7% | 242M-0.1% | |
| Dividends per share | $3.84+5.5% | $3.64+1.1% | $3.60+8.4% | $3.32+7.8% | $3.08+14.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.30B+15.3% | 5.46B+6.1% | 5.14B-9.2% | 5.67B-35.7% | 8.81B+47.1% | ||
| Cash & equivalents | 1.75B+4.7% | 1.67B+29.1% | 1.29B+0.3% | 1.29B-80.2% | 6.50B+58.2% | |
| Short-term investments | 56.0M+180.0% | 20.0M-23.1% | 26.0M+85.7% | 14.0M+27.3% | 11.0M+22.2% | |
| Accounts receivable | 3.44B+20.0% | 2.87B+1.5% | 2.83B+13.3% | 2.49B+51.2% | 1.65B+3.6% | |
| Prepaid expenses | 914M+0.9% | 906M-9.4% | 1.00B+74.2% | 574M+77.7% | 323M+22.3% | |
| 61.2B+1.6% | 60.2B-0.6% | 60.6B-1.9% | 61.8B+311.2% | 15.0B+19.9% | ||
| Property, plant & equipment | 278M+4.9% | 265M+2.7% | 258M-13.1% | 297M+23.2% | 241M-15.1% | |
| Operating lease right-of-use | 413M+0.0% | 413M+9.0% | 379M-10.4% | 423M-0.7% | 426M-13.8% | |
| Goodwill | 36.5B+4.5% | 34.9B+0.2% | 34.9B+0.9% | 34.5B+885.3% | 3.51B-6.1% | |
| Intangible assets | 16.3B-1.7% | 16.6B-4.8% | 17.4B-5.0% | 18.3B+1324.6% | 1.28B-5.0% | |
| Other non-current assets | 864M+46.2% | 591M+10.3% | 536M-4.6% | 562M+140.2% | 234M-39.5% | |
| 7.64B+19.5% | 6.39B+4.4% | 6.13B+2.1% | 6.00B+57.2% | 3.81B+6.4% | ||
| Accounts payable | 610M+10.3% | 553M-0.7% | 557M+23.8% | 450M+119.5% | 205M-12.0% | |
| Deferred revenue | 4.09B+10.7% | 3.69B+6.7% | 3.46B+10.7% | 3.13B+41.0% | 2.22B+2.3% | |
| Short-term & current debt | 718M+17850.0% | 4.00M-91.5% | 47.0M-79.2% | 226M | 0.00 | |
| Current lease liability | 124M+13.8% | 109M+3.8% | 105M-11.0% | 118M+22.9% | 96.0M-4.0% | |
| Other current liabilities | 1.01B+16.2% | 869M-15.9% | 1.03B-5.6% | 1.09B+100.0% | 547M-0.7% | |
| 25.0B+10.3% | 22.7B+1.0% | 22.5B+2.0% | 22.0B+132.2% | 9.49B+3.3% | ||
| Long-term debt | 12.4B+8.6% | 11.4B-0.2% | 11.4B+6.4% | 10.7B+160.8% | 4.11B+0.1% | |
| Non-current lease liability | 494M-7.7% | 535M-1.1% | 541M-6.2% | 577M+17.3% | 492M-9.6% | |
| Operating lease liability (total) | 618M | — | 646M-7.1% | 695M+18.2% | 588M-8.7% | |
| Deferred tax liabilities | 3.26B-4.0% | 3.40B-7.9% | 3.69B-9.2% | 4.07B+2665.3% | 147M-16.9% | |
| Other non-current liabilities | 1.11B+35.8% | 815M+56.1% | 522M+6.7% | 489M-25.9% | 660M+1.1% | |
| 31.1B-6.1% | 33.2B-3.0% | 34.2B-6.0% | 36.4B+1690.7% | 2.03B+299.2% | ||
| Common stock | 415M+0.0% | 415M+0.0% | 415M+0.0% | 415M+41.2% | 294M+0.0% | |
| Additional paid-in capital | 44.1B-0.5% | 44.3B+0.2% | 44.2B-0.4% | 44.4B+4208.6% | 1.03B+9.0% | |
| Retained earnings | 23.7B+12.8% | 21.0B+12.0% | 18.7B+5.3% | 17.8B+18.4% | 15.0B+12.3% | |
| Treasury stock | 36.4B+14.8% | 31.7B+11.5% | 28.4B+12.1% | 25.3B+88.2% | 13.5B+0.1% | |
| Accumulated other comprehensive income | -697M+21.1% | -883M-15.7% | -763M+13.9% | -886M-5.4% | -841M-32.0% | |
| Non-controlling interest | 108M+11.3% | 97.0M-3.0% | 100M+12.4% | 89.0M+18.7% | 75.0M+21.0% | |
| Total equity incl. non-controlling | 31.2B-6.1% | 33.3B-3.0% | 34.3B-6.0% | 36.5B+1631.2% | 2.11B+269.0% | |
| Total liabilities & equity | 61.2B+1.6% | 60.2B-0.6% | 60.6B-1.9% | 61.8B+311.2% | 15.0B+19.9% | |
| Common shares issued | 415M+0.0% | 415M+0.0% | 415M+0.0% | 415M+41.2% | 294M+0.0% | |
| Common shares outstanding | 299M-2.9% | 308M-2.0% | 314M-2.4% | 322M+33.6% | 241M+0.2% | |
| Shares outstanding (cover) | 299M | — | 314M-2.5% | 322M+33.6% | 241M+0.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.65B-0.7% | 5.69B+53.3% | 3.71B+42.5% | 2.60B-27.7% | 3.60B+0.9% | ||
| Depreciation & amortization | 1.18B+0.5% | 1.17B+2.6% | 1.14B+12.8% | 1.01B+469.1% | 178M-13.6% | |
| Intangible amortization | 1.07B-0.7% | 1.08B+3.4% | 1.04B+15.1% | 905M+842.7% | 96.0M-22.0% | |
| Share-based compensation | 236M-4.5% | 247M+44.4% | 171M-20.1% | 214M+75.4% | 122M+35.6% | |
| Deferred income taxes | -242M+25.1% | -323M+15.2% | -381M-7.9% | -353M-2815.4% | 13.0M+141.9% | |
| Change in receivables | 600M+659.5% | 79.0M-72.9% | 291M+908.3% | -36.0M-125.0% | 144M+900.0% | |
| -704M-176.1% | -255M-145.4% | 562M-84.5% | 3.63B+3123.3% | -120M+50.0% | ||
| Capital expenditure | 195M+57.3% | 124M-13.3% | 143M+60.7% | 89.0M+154.3% | 35.0M-53.9% | |
| Free cash flow | 5.46B-2.0% | 5.57B+56.0% | 3.57B+41.9% | 2.51B-29.4% | 3.56B+2.1% | |
| Acquisitions | 2.02B+563.3% | 305M+3.0% | 296M+241.0% | -210M-312.1% | 99.0M-50.7% | |
| Proceeds from sale of PP&E | — | — | 1.01B-71.1% | 3.51B+21831.3% | 16.0M-11.1% | |
| -4.93B+1.4% | -5.00B-16.8% | -4.28B+62.2% | -11.3B-1018.1% | -1.01B+53.2% | ||
| Long-term debt issued | 993M | 0.00-100.0% | 744M-86.2% | 5.39B | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net short-term debt | 715M | 0.00+100.0% | -188M | — | — | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 5.00B+51.5% | 3.30B+0.0% | 3.30B-72.5% | 12.0B | 0.00-100.0% | |
| Dividends paid | 1.17B+3.2% | 1.13B-1.1% | 1.15B+12.0% | 1.02B+37.8% | 743M+15.2% | |
| FX effect on cash | 62.0M+201.6% | -61.0M-608.3% | 12.0M+109.8% | -123M-50.0% | -82.0M-209.3% | |
| Net change in cash | 79.0M-78.9% | 375M+9275.0% | 4.00M+100.1% | -5.22B-319.0% | 2.38B+92.8% | |
| Interest paid | 390M-0.3% | 391M+6.0% | 369M+53.8% | 240M+84.6% | 130M-18.2% | |
| Income taxes paid | 1.50B+29.6% | 1.16B-9.4% | 1.28B-17.7% | 1.55B+76.1% | 883M+29.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 148B+1.9% | 145B+9.8% | 132B+27.9% | 103B-4.1% | 108B+43.8% | |
| P/E | 33.0×-12.2% | 37.6×-29.3% | 53.2×+79.9% | 29.6×-16.9% | 35.6×+11.2% | |
| P/S | 9.6×-5.6% | 10.2×-5.0% | 10.7×+7.6% | 10.0×-23.0% | 13.0×+29.0% | |
| P/B | 4.7×+8.5% | 4.4×+17.3% | 3.7×+34.2% | 2.8×-94.8% | 53.0×-64.0% | |
| P/FCF | 27.1×+3.9% | 26.1×-33.6% | 39.2×-10.1% | 43.6×+44.4% | 30.2×+40.9% | |
| Earnings yield | 3.0%+13.9% | 2.7%+41.3% | 1.9%-44.4% | 3.4%+20.3% | 2.8%-10.1% | |
| FCF yield | 3.7%-3.8% | 3.8%+50.5% | 2.5%+11.2% | 2.3%-30.7% | 3.3%-29.0% | |
| Dividend yield | 0.78%+0.5% | 0.77%-10.6% | 0.86%-17.6% | 1.0%+51.9% | 0.69%-19.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: SPGI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SPGI filings on SEC EDGAR → Not investment advice.