S&P Global Inc.
Business
S&P Global Inc. is a diversified provider of benchmarks, data, analytics and workflow solutions across capital markets, energy & commodities, and automotive sectors. The company operates five businesses: Market Intelligence (data, analytics and workflow solutions for trading and investment professionals); Ratings (credit ratings, research and analytics for debt issuers and investors); Energy (price data, benchmarks and insights for energy and commodity markets); Mobility (solutions across the automotive value chain); and Indices (benchmark indexes and related data services). Products are distributed globally through third-party and proprietary channels to institutional clients, corporations, governments and consumers.
Summary from 10-K filed 2026-02-11
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 15,336 | 14,208 | 12,497 | 11,181 | 8,297 | |
| Operating-related expenses | 4,563 | 4,361 | 4,141 | 3,753 | 2,180 | |
| Selling and general expenses | 3,417 | 3,196 | 3,159 | 3,396 | 1,729 | |
| Depreciation | 110 | 96 | 101 | 108 | 82 | |
| Amortization of intangibles | 1,069 | 1,077 | 1,042 | 905 | 96 | |
| Total expenses | 9,159 | 8,730 | 8,443 | 8,162 | 4,087 | |
| (Gain) loss on dispositions, net | −273 | −59 | 70 | −1,898 | −11 | |
| Equity in income on unconsolidated subsidiaries | −28 | −43 | −36 | −27 | 0 | |
| Operating profit | 6,478 | 5,580 | 4,020 | 4,944 | 4,221 | |
| Other (income) expense, net | −36 | −25 | 15 | −70 | −62 | |
| Interest expense, net | 287 | 297 | 334 | 304 | — | |
| Income before taxes on income | 6,227 | 5,308 | 3,671 | 4,702 | 4,164 | |
| Provision for taxes on income | 1,407 | 1,141 | 778 | 1,180 | 901 | |
| Net income | 4,820 | 4,167 | 2,893 | 3,522 | 3,263 | |
| Less: net income attributable to noncontrolling interests | −349 | −315 | −267 | −274 | −239 | |
| Net income attributable to S&P Global Inc. | 4,471 | 3,852 | 2,626 | 3,248 | 3,024 | |
| Basic (in USD per share) | 14.67 | 12.36 | 8.25 | 10.25 | 12.56 | |
| Diluted (in USD per share) | 14.66 | 12.35 | 8.23 | 10.2 | 12.51 | |
| Basic (in shares) | 305 | 312 | 318 | 317 | 241 | |
| Diluted (in shares) | 305 | 312 | 319 | 319 | 242 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,700 | 1,700 | 1,300 | 1,300 | 6,500 | |
| Restricted cash | 0 | 0 | 1 | 1 | 8 | |
| Short-term investments | 56 | 20 | 26 | 14 | 11 | |
| Accounts receivable, net of allowance for doubtful accounts: 2025- $50 ; 2024 - $44 | 3,441 | 2,867 | 2,826 | 2,494 | 1,650 | |
| Prepaid and other current assets | 858 | 906 | 1,000 | 574 | 323 | |
| Assets held for sale | 196 | 0 | — | — | — | |
| Total current assets | 6,296 | 5,459 | 5,143 | 5,667 | 8,810 | |
| Buildings and leasehold improvements | 444 | 433 | 424 | 468 | 346 | |
| Equipment and furniture | 695 | 655 | 628 | 688 | 515 | |
| Total property and equipment | 1,139 | 1,088 | 1,052 | 1,156 | 861 | |
| Less: accumulated depreciation | −861 | −823 | −794 | −859 | −620 | |
| Property and equipment, net | 278 | 265 | 258 | 297 | 241 | |
| Right of use assets | 413 | 413 | 379 | 423 | 426 | |
| Goodwill | 36,475 | 34,917 | 34,850 | 34,545 | 3,506 | |
| Other intangible assets, net | 16,271 | 16,556 | 17,398 | 18,306 | 1,285 | |
| Equity investments in unconsolidated subsidiaries | 603 | 1,774 | 1,787 | 1,752 | 165 | |
| Asset for pension benefits | 254 | 246 | 238 | 232 | 359 | |
| Other non-current assets | 610 | 591 | 536 | 562 | 234 | |
| Total Assets | 61,200 | 60,221 | 60,589 | 61,784 | 15,026 | |
| Accounts payable | 610 | 553 | 557 | 450 | 205 | |
| Accrued compensation and contributions to retirement plans | 988 | 1,073 | 906 | 753 | 607 | |
| Short-term debt | 718 | 4 | 47 | 226 | 0 | |
| Income taxes currently payable | 180 | 199 | 121 | 116 | 90 | |
| Unearned revenue | 4,088 | 3,694 | 3,461 | 3,126 | 2,217 | |
| Other current liabilities | 1,010 | 869 | 1,033 | 1,094 | 547 | |
| Liabilities held for sale | 43 | 0 | 0 | 234 | 149 | |
| Total current liabilities | 7,637 | 6,392 | 6,125 | 5,999 | 3,815 | |
| Long-term debt | 12,370 | 11,394 | 11,412 | 10,730 | 4,114 | |
| Lease liabilities non-current | 494 | 535 | 541 | 577 | 492 | |
| Pension and other postretirement benefits | 178 | 180 | 199 | 180 | 262 | |
| Deferred tax liability non-current | 3,262 | 3,397 | 3,690 | 4,065 | 147 | |
| Other non-current liabilities | 1,107 | 815 | 522 | 489 | 660 | |
| Total liabilities | 25,048 | 22,713 | 22,489 | 22,040 | 9,490 | |
| Redeemable noncontrolling interests | 4,917 | 4,252 | 3,800 | 3,267 | 3,429 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Common stock, $1 par value: authorized - 600 million shares; issued: 415 million shares in 2025 and 2024 | 415 | 415 | 415 | 415 | 294 | |
| Additional paid-in capital | 44,117 | 44,321 | 44,231 | 44,422 | 1,031 | |
| Retained income | 23,666 | 20,977 | 18,728 | 17,784 | 15,017 | |
| Accumulated other comprehensive loss | −697 | −883 | −763 | −886 | −841 | |
| Less: common stock in treasury - at cost: 2025 - 109 million shares; 2024 - 100 million shares | −36,374 | −31,671 | −28,411 | −25,347 | −13,469 | |
| Total equity controlling interests | 31,127 | 33,159 | 34,200 | 36,388 | 2,032 | |
| Total equity noncontrolling interests | 108 | 97 | 100 | 89 | 75 | |
| Total equity | 31,235 | 33,256 | 34,300 | 36,477 | 2,107 | |
| Total liabilities and equity | 61,200 | 60,221 | 60,589 | 61,784 | 15,026 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Provision for losses on accounts receivable | 39 | 43 | 28 | 24 | 14 | |
| Deferred income taxes | −242 | −323 | −381 | −353 | 13 | |
| Stock-based compensation | 236 | 247 | 171 | 214 | 122 | |
| Restructuring, lease impairment charges and other | 324 | 206 | 246 | 319 | 89 | |
| Accounts receivable | −600 | −79 | −291 | 36 | −144 | |
| Prepaid and other current assets | 32 | −79 | −310 | −123 | −86 | |
| Accounts payable and accrued expenses | −55 | 245 | 328 | 43 | 38 | |
| Unearned revenue | 327 | 222 | 352 | 37 | 198 | |
| Other current liabilities | −81 | −418 | −277 | −166 | −45 | |
| Net change in prepaid/accrued income taxes | 100 | 192 | −175 | −135 | −36 | |
| Net change in other assets and liabilities | −155 | 152 | −87 | 70 | 5 | |
| Cash provided by operating activities | 5,651 | 5,689 | 3,710 | 2,603 | 3,598 | |
| Capital expenditures | −195 | −124 | −143 | −89 | −35 | |
| Acquisitions, net of cash acquired | −2,023 | −305 | −296 | 210 | −99 | |
| Proceeds from dispositions | 1,549 | 168 | 1,014 | 3,509 | — | |
| Changes in short-term investments | −35 | 6 | −13 | −2 | −2 | |
| Cash (used for) provided by investing activities | −704 | −255 | 562 | 3,628 | −120 | |
| Additions to / (payments on) short-term debt, net | 715 | 0 | −188 | — | — | |
| Proceeds from issuance of senior notes, net | 993 | 0 | 744 | 5,395 | 0 | |
| Payments on senior notes | −4 | −47 | 0 | −3,698 | 0 | |
| Dividends paid to shareholders | −1,170 | −1,134 | −1,147 | −1,024 | −743 | |
| Distributions to noncontrolling interest holders | −321 | −287 | −280 | −270 | −227 | |
| Repurchase of treasury shares | −5,001 | −3,301 | −3,301 | −12,004 | 0 | |
| Contingent consideration payments | −10 | −107 | −9 | 0 | 0 | |
| Employee withholding tax on share-based payments, excise tax payments on share repurchases, contingent consideration payments and other | −132 | −122 | −99 | — | — | |
| Cash used for financing activities | −4,930 | −4,998 | −4,280 | −11,326 | −1,013 | |
| Effect of exchange rate changes on cash | 62 | −61 | 12 | −123 | −82 | |
| Net change in cash, cash equivalents, and restricted cash | 79 | 375 | 4 | −5,218 | 2,383 | |
| Interest | 390 | 391 | 369 | 240 | 130 | |
| Income taxes | 1,502 | 1,159 | 1,279 | 1,555 | 883 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is S&P Global Inc.'s CIK number?
S&P Global Inc.'s SEC CIK number is 0000064040 (64040). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find S&P Global Inc.'s SEC filings?
All of S&P Global Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did S&P Global Inc. last report earnings?
S&P Global Inc. (SPGI) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000064040-26-000019). This is S&P Global Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is S&P Global Inc.'s most recent earnings 8-K?
S&P Global Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0000064040-26-000019. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View S&P Global Inc.'s latest earnings 8-K →
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