S&P Global profit margin SPGI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 30.5%
- Operating margin, 12 months
- 44.4%
- Net margin on a year earlier
- +3.2 pts
- Peer median
- 28.4%
Over the twelve months to Jun 30, 2026, S&P Global kept 30.5% of its revenue as net profit, with an operating margin of 44.4% and a gross margin of 70.9%.
Five years earlier its net margin was 31.4%.
The median for 8 financial data and exchange stocks of a similar size is 28.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 29.2% | 42.2% | 70.2% |
| FY2024 | 27.1% | 39.3% | 69.3% |
| FY2023 | 21.0% | 32.2% | 66.9% |
| FY2022 | 29.1% | 44.2% | 66.4% |
| FY2021 | 36.5% | 50.9% | 73.5% |
| FY2020 | 31.4% | 48.6% | 71.9% |
| FY2019 | 31.7% | 48.2% | 71.8% |
| FY2018 | 31.3% | 44.6% | 73.0% |
| FY2017 | 24.7% | 42.6% | 72.0% |
| FY2016 | 37.2% | 59.5% | 68.7% |
| FY2015 | 21.8% | 36.1% | 68.0% |
| FY2014 | −2.3% | 2.3% | 67.8% |
| FY2013 | 29.2% | 28.9% | 69.6% |
| FY2012 | 9.8% | 27.2% | 66.6% |
| FY2011 | 23.0% | 36.0% | 97.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 30.5% | +3.2 pts | 44.4% | |
| Q1 FY26 | 30.4% | +3.1 pts | 43.9% | |
| Q4 FY25 | 29.2% | +2.0 pts | 42.2% | |
| Q3 FY25 | 28.1% | +2.3 pts | 40.7% | |
| Q2 FY25 | 27.3% | +2.3 pts | 39.9% | |
| Q1 FY25 | 27.3% | +5.3 pts | 39.8% | |
| Q4 FY24 | 27.1% | +6.1 pts | 39.3% | |
| Q3 FY24 | 25.8% | +5.6 pts | 37.5% | |
| Q2 FY24 | 25.0% | +5.6 pts | 36.2% | |
| Q1 FY24 | 22.0% | −1.5 pts | 33.2% | |
| Q4 FY23 | 21.0% | −8.0 pts | 32.2% | |
| Q3 FY23 | 20.2% | −13.6 pts | 31.3% |
Against its peers
Companies in Financial - Data & Stock Exchanges nearest S&P Global's size, closest first, today.
| Company | Profit margin |
|---|---|
| SPGIS&P Global | 30.5% |
| CMECME | 63.9% |
| ICEIntercontinental Exchange | 30.1% |
| MCOMoody's | 34.3% |
| NDAQNasdaq | 22.5% |
| MSCIMSCI | 40.7% |
| COINCoinbase Global | −15.7% |
| CBOECboe Global Markets | 26.7% |
| TRUTransUnion | 15.1% |
| Peer median | 28.4% |
Where S&P Global ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on S&P Global
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.