S&P Global Cash Flow Statement
NYSE: SPGIFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
S&P Global free cash flow
In fiscal 2025, S&P Global generated $5.65 billion of operating cash flow and spent $195.0 million on capital expenditures. That left free cash flow of $5.46 billion, a free-cash-flow margin of 35.6% of revenue. Free cash flow was down 2.0% from the prior year's $5.57 billion.
S&P Global returned $6.17 billion to shareholders: $1.17 billion in dividends and $5.00 billion in share repurchases, equal to 113% of free cash flow. Free cash flow covered dividend payments 4.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
S&P Global cash flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 4.82B | 4.17B | 2.89B | 3.52B | 3.26B | 2.53B | 2.30B | 2.12B | 1.64B | 2.23B |
| Net Income growth (YoY) | +15.67% | +44.04% | -17.86% | +7.94% | +28.77% | +10.03% | +8.58% | +29.49% | -26.48% | +75.71% |
| Depreciation & Amortization | 1.18B | 1.17B | 1.14B | 1.01B | 178.00M | 206.00M | 204.00M | 206.00M | 180.00M | 181.00M |
| Stock-Based Compensation | 236.00M | 247.00M | 171.00M | 214.00M | 122.00M | 90.00M | 78.00M | 94.00M | 99.00M | 76.00M |
| Change in Working Capital | -328.00M | 388.00M | 389.00M | 116.00M | 92.00M | 370.00M | 194.00M | -199.00M | 19.00M | 3.00M |
| Operating Cash Flow | 5.65B | 5.69B | 3.71B | 2.60B | 3.60B | 3.57B | 2.78B | 2.06B | 2.02B | 1.56B |
| Capital Expenditures | -195.00M | -124.00M | -143.00M | -89.00M | -35.00M | -76.00M | -115.00M | -113.00M | -123.00M | -115.00M |
| Investing Cash Flow | -704.00M | -255.00M | 562.00M | 3.63B | -120.00M | -240.00M | -131.00M | -513.00M | -209.00M | 1.17B |
| Dividends Paid | -1.17B | -1.13B | -1.15B | -1.02B | -743.00M | -645.00M | -560.00M | -503.00M | -421.00M | -380.00M |
| Share Repurchases | -5.00B | -3.30B | -3.30B | -12.00B | 0 | -1.16B | -1.24B | -1.66B | -1.00B | -1.12B |
| Debt Issued | 993.00M | 0 | 744.00M | 5.39B | 0 | 1.28B | 1.09B | 489.00M | 0 | 493.00M |
| Debt Repaid | -4.00M | -47.00M | 0 | -142.00M | 0 | -1.39B | -868.00M | -403.00M | 0 | -421.00M |
| Financing Cash Flow | -4.93B | -5.00B | -4.28B | -11.33B | -1.01B | -2.17B | -1.75B | -2.29B | -1.51B | -1.66B |
| Net Change in Cash | 79.00M | 375.00M | 4.00M | -5.22B | 2.38B | 1.24B | 928.00M | -821.00M | 387.00M | 911.00M |
| Free Cash Flow | 5.46B | 5.57B | 3.57B | 2.51B | 3.56B | 3.49B | 2.66B | 1.95B | 1.89B | 1.45B |
This table shows 10 annual periods of S&P Global's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow SPGI's reporting calendar. What is a cash flow statement?