S&P Global Quarterly 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 the quarter ended Mar 31, 2026, S&P Global generated $1.04 billion of operating cash flow and spent $27.0 million on capital expenditures. That left free cash flow of $1.01 billion, a free-cash-flow margin of 24.2% of revenue. Free cash flow was up 11.0% from the prior year's $910.0 million.
S&P Global returned $1.29 billion to shareholders: $288.0 million in dividends and $1.00 billion in share repurchases, equal to 128% of free cash flow. Free cash flow covered dividend payments 3.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
S&P Global cash flow statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.50B | 1.22B | 1.26B | 1.16B | 1.17B | 967.00M | 1.05B | 1.08B | 1.07B | 644.00M | 814.00M | 575.00M |
| Net Income growth (YoY) | +28.44% | +26.58% | +20.82% | +6.91% | +9.64% | +50.16% | +28.62% | +88.70% | +24.19% | +30.36% | +20.06% | -45.29% |
| Depreciation & Amortization | 31.00M | 31.00M | 28.00M | 26.00M | 25.00M | 26.00M | 22.00M | 25.00M | 23.00M | 30.00M | 22.00M | 24.00M |
| Stock-Based Compensation | 39.00M | 69.00M | 75.00M | 45.00M | 47.00M | 70.00M | 95.00M | 49.00M | 33.00M | 28.00M | 46.00M | 51.00M |
| Change in Working Capital | -853.00M | 264.00M | -104.00M | 231.00M | -719.00M | 540.00M | 144.00M | 407.00M | -703.00M | 644.00M | -157.00M | 161.00M |
| Operating Cash Flow | 1.04B | 1.75B | 1.50B | 1.45B | 953.00M | 1.74B | 1.45B | 1.56B | 948.00M | 1.33B | 1.01B | 769.00M |
| Capital Expenditures | -27.00M | -46.00M | -45.00M | -61.00M | -43.00M | -33.00M | -35.00M | -32.00M | -24.00M | -48.00M | -36.00M | -31.00M |
| Investing Cash Flow | 291.00M | -472.00M | -101.00M | -52.00M | -79.00M | 7.00M | 57.00M | -299.00M | -20.00M | -45.00M | -49.00M | 909.00M |
| Dividends Paid | -288.00M | -290.00M | -291.00M | -294.00M | -295.00M | -280.00M | -282.00M | -286.00M | -286.00M | -283.00M | -286.00M | -288.00M |
| Share Repurchases | -1.00B | -2.50B | -1.20B | -651.00M | -650.00M | -1.30B | -1.50B | 0 | -500.00M | -1.30B | -500.00M | -1.00B |
| Debt Issued | — | — | — | — | — | 0 | — | — | — | 0 | 744.00M | 0 |
| Debt Repaid | -3.00M | 0 | 0 | 0 | -4.00M | 0 | 0 | -47.00M | 0 | 0 | 0 | 0 |
| Financing Cash Flow | -1.24B | -1.20B | -1.57B | -1.06B | -1.10B | -1.72B | -1.88B | -748.00M | -657.00M | -1.68B | -855.00M | -1.52B |
| Net Change in Cash | 65.00M | 73.00M | -175.00M | 378.00M | -197.00M | -31.00M | -342.00M | 495.00M | 253.00M | -355.00M | 84.00M | 157.00M |
| Free Cash Flow | 1.01B | 1.70B | 1.46B | 1.38B | 910.00M | 1.71B | 1.41B | 1.52B | 924.00M | 1.29B | 977.00M | 738.00M |
This table shows 12 quarterly periods of S&P Global's cash flow statement, from Q1 2026 back to Q2 2023, 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?