S&P Global Financial Statements
NYSE: SPGIFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
S&P Global revenue and earnings
In fiscal 2025, S&P Global generated $15.34 billion in revenue, up 7.9% from fiscal 2024, its 15th consecutive year of revenue growth. Net income was $4.47 billion (+16.1% year over year), for a net margin of 29.2% versus a median of 29.0% in the prior 5 years. Gross margin was 70.2% (up from 69.3%) and operating margin 42.2%.
Diluted earnings per share came in at $14.66, up from $12.35. Over the last 5 fiscal years, SPGI's revenue has grown at a 15.6% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
S&P Global income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.34B | 14.21B | 12.50B | 11.18B | 8.30B | 7.44B | 6.70B | 6.26B | 6.06B | 5.66B |
| Revenue growth (YoY) | +7.94% | +13.69% | +11.77% | +34.76% | +11.49% | +11.09% | +7.05% | +3.22% | +7.10% | +6.55% |
| Cost of Revenue | 4.56B | 4.36B | 4.14B | 3.75B | 2.18B | 2.09B | 1.98B | 1.84B | 1.69B | 1.77B |
| Gross Profit | 10.77B | 9.85B | 8.36B | 7.43B | 6.12B | 5.35B | 4.72B | 4.42B | 4.37B | 3.89B |
| Operating Expenses | 4.29B | 4.27B | 4.34B | 2.48B | 1.90B | 1.73B | 3.52B | 3.47B | 3.48B | 3.42B |
| Selling, General & Admin | 3.42B | 3.20B | 3.16B | 3.40B | 1.73B | 1.54B | 1.34B | 1.42B | 1.61B | 1.47B |
| Operating Income | 6.48B | 5.58B | 4.02B | 4.94B | 4.22B | 3.62B | 3.23B | 2.79B | 2.58B | 3.34B |
| Interest Expense | 287.00M | 297.00M | 334.00M | 304.00M | 119.00M | 141.00M | 141.00M | 134.00M | 149.00M | 181.00M |
| Other Income (Expense) | 36.00M | 25.00M | -15.00M | 70.00M | 62.00M | 31.00M | -98.00M | 25.00M | 27.00M | 28.00M |
| Pretax Income | 6.23B | 5.31B | 3.67B | 4.70B | 4.16B | 3.23B | 2.93B | 2.68B | 2.46B | 3.19B |
| Income Tax | 1.41B | 1.14B | 778.00M | 1.18B | 901.00M | 694.00M | 627.00M | 560.00M | 823.00M | 960.00M |
| Net Income | 4.47B | 3.85B | 2.63B | 3.25B | 3.02B | 2.34B | 2.12B | 1.96B | 1.50B | 2.11B |
| Net Income growth (YoY) | +16.07% | +46.69% | -19.15% | +7.41% | +29.29% | +10.17% | +8.43% | +30.88% | -28.96% | +82.18% |
| EPS (Basic) | 14.67 | 12.36 | 8.25 | 10.25 | 12.56 | 9.71 | 8.65 | 7.80 | 5.84 | 8.02 |
| EPS (Diluted) | 14.66 | 12.35 | 8.23 | 10.20 | 12.51 | 9.66 | 8.60 | 7.73 | 5.78 | 7.94 |
| Shares Outstanding (Basic) | 304.80M | 311.60M | 318.40M | 316.90M | 240.80M | 241.00M | 245.40M | 250.90M | 256.30M | 262.80M |
| Shares Outstanding (Diluted) | 305.10M | 311.90M | 318.90M | 318.50M | 241.80M | 242.10M | 246.90M | 253.20M | 258.90M | 265.20M |
| EBITDA | 7.66B | 6.75B | 5.16B | 5.96B | 4.40B | 3.82B | 3.43B | 3.00B | 2.76B | 3.52B |
| Gross Margin | 70.25% | 69.31% | 66.86% | 66.43% | 73.73% | 71.86% | 70.50% | 70.63% | 72.06% | 68.68% |
| Operating Margin | 42.24% | 39.27% | 32.17% | 44.22% | 50.87% | 48.60% | 48.16% | 44.58% | 42.60% | 59.02% |
| Net Margin | 29.15% | 27.11% | 21.01% | 29.05% | 36.45% | 31.43% | 31.69% | 31.29% | 24.67% | 37.20% |
This table shows 10 annual periods of S&P Global's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SPGI's reporting calendar. What is a income statement?