S&P Global SPGI
- Market cap
- $132.8B
- PE
- 27.4×
- 10y median 32.8×
- Forward PE
- 23.9×
- 10y median 28.5×
- Price to sales
- 8.2×
- EV/EBIT
- 20.1×
- Revenue, 12 months
- $16.1B
- +10% on a year ago
- Net margin
- 30.5%
- Free cash flow yield
- 4.2%
S&P Global trades at 27.4× trailing earnings, cheaper than 75% of the last ten years. Revenue was $16.1B over the last twelve months, up 10% on a year earlier with a 31% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $3.1B+8% | $3.2B+7% | $3.5B+11% | $3.5B+14% | $3.6B+16% | $3.6B+14% | $3.8B+8% | $3.8B+6% | $3.9B+9% | $3.9B+9% | $4.2B+10% | $4.1B+10% | |
| Cost of revenue | $995M+1% | $1B+2% | $1.1B+2% | $1.1B+5% | $1.1B+7% | $1.1B+7% | $1.2B+4% | $1.1B+4% | $1.1B+5% | $1.2B+6% | $1.2B+7% | $1.2B+4% |
| Gross profit | $2.1B+12% | $2.1B+10% | $2.4B+15% | $2.5B+19% | $2.5B+20% | $2.5B+17% | $2.6B+10% | $2.6B+7% | $2.8B+10% | $2.7B+11% | $2.9B+12% | $3B+13% |
| SG&A | $741M+2% | $942M−0% | $714M+1% | $741M−4% | $815M+10% | $926M−2% | $764M+7% | $803M+8% | $805M−1% | $1B+13% | $802M+5% | $873M+9% |
| $1.1B+26% | $890M+24% | $1.4B+21% | $1.5B+59% | $1.4B+34% | $1.3B+47% | $1.6B+14% | $1.6B+7% | $1.7B+17% | $1.7B+28% | $2B+27% | $1.8B+17% | |
| Interest expense | $84M+18% | $76M−12% | $78M−8% | $77M−13% | $72M−14% | $70M−8% | $78M+0% | $77M+0% | $79M+10% | $54M−23% | $96M+23% | $87M+13% |
| Pre-tax income | $995M+21% | $794M+28% | $1.3B+26% | $1.4B+65% | $1.4B+37% | $1.3B+58% | $1.5B+14% | $1.5B+9% | $1.6B+18% | $1.6B+30% | $1.9B+28% | $1.7B+15% |
| $181M+25% | $150M+18% | $248M+32% | $293M+13% | $313M+73% | $287M+91% | $325M+31% | $342M+17% | $333M+6% | $407M+42% | $404M+24% | $406M+19% | |
| Net income | $742M+22% | $579M+34% | $991M+25% | $1B+98% | $971M+31% | $880M+52% | $1.1B+10% | $1.1B+6% | $1.2B+21% | $1.1B+29% | $1.4B+28% | $1.2B+14% |
| $2.33+27% | $1.83+38% | $3.16+28% | $3.23+102% | $3.11+34% | $2.85+56% | $3.54+12% | $3.50+8% | $3.86+24% | $3.75+32% | $4.69+33% | $4.12+18% | |
| 318M−4% | 315.9M−3% | 314M−3% | 313.2M−2% | 311.5M−2% | 308.9M−2% | 307.7M−2% | 306.1M−2% | 304.5M−2% | 302.1M−2% | 297.6M−3% | 295.5M−4% |
Gross profit: 73 periods, Q2 FY08 to Q2 FY26: not printed by the filing, worked out from its own lines.
Net income: 6 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
EPS, diluted: Q4 FY08: quarter's net income to common over its shares, to the cent. 6 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
Diluted shares: 10 periods, Q4 FY08 to Q4 FY20: share-days: the 12-month average less the 9-month, weighted by days. 6 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release. Q4 FY12 and Q4 FY14: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $3.6B | $3.6B to $3.7B | $4.43 | $4.26 to $4.49 | 14 |
| Q4 FY26 | $3.6B | $3.6B to $3.6B | $4.05 | $3.98 to $4.21 | 13 |
| Q1 FY27 | $3.9B | $3.9B to $4B | $5.12 | $5.06 to $5.19 | 5 |
| Q2 FY27 | $3.9B | $3.9B to $4B | $5.22 | $5.16 to $5.29 | 5 |
| Q3 FY27 | $3.9B | $3.9B to $3.9B | $5.09 | $5.03 to $5.16 | 5 |
| Q4 FY27 | $3.9B | $3.8B to $3.9B | $4.65 | $4.60 to $4.72 | 5 |
| Q1 FY28 | $4.3B | $4.2B to $4.3B | $5.87 | $5.80 to $5.96 | 6 |
| Q2 FY28 | $4.2B | $4.2B to $4.3B | $5.89 | $5.82 to $5.98 | 6 |
Peers
Companies in Financial - Data & Stock Exchanges nearest S&P Global's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| SPGIS&P Global | $132.8B | 27.4× | 32.8× | 23.9× | 8.2× | +10% | 30.5% |
| CMECME | $109.9B | 25.9× | 26.2× | 24.5× | 16.2× | +5% | 63.9% |
| ICEIntercontinental Exchange | $91.4B | 23.0× | 25.9× | 19.6× | 6.8× | +7% | 30.1% |
| MCOMoody's | $83.7B | 30.7× | 34.4× | 27.2× | 10.3× | +12% | 34.3% |
| NDAQNasdaq | $57.3B | 29.9× | 27.9× | 23.5× | 6.6× | +8% | 22.5% |
| MSCIMSCI | $44.8B | 33.7× | 40.1× | 29.2× | 13.4× | +12% | 40.7% |
| COINCoinbase Global | $43.4B | n/m | 34.6× | 217× | 6.9× | −10% | −15.7% |
| CBOECboe Global Markets | $35.6B | 26.5× | 28.5× | 23.8× | 7.0× | +12% | 26.7% |
| TRUTransUnion | $15.6B | 21.5× | 45.7× | n/m | 3.2× | +12% | 15.1% |
| Peer median | $51B | 26.5× | 31.4× | 24.5× | 7.0× | +10% | 28.4% |
Investors who own it
Investors we follow who held S&P Global at the end of Jun 30, 2026, from their 13F filings.
- Chris HohnTCI Fund Management10.9% of portfolioadded
- Bill AckmanPershing Square5.4% of portfolionew
- Chris BloomstranSemper Augustus2.1% of portfolionew
- John ArmitageEgerton Capital1.4% of portfolionew
- Tom GaynerMarkel Group0.4% of portfolio
- Ron BaronBaron Capital0.0% of portfoliotrimmed
- Baillie GiffordBaillie Gifford0.0% of portfoliotrimmed
- Ruane, Cunniff & GoldfarbRuane, Cunniff & Goldfarb (Sequoia Fund)0.0% of portfolio
More on S&P Global
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #2of 11Financial data and exchange stocks with the lowest EV/EBIT
- #4of 11Financial data and exchange stocks with the highest profit margins
- #6of 10Financial data and exchange stocks with the lowest PE ratio
- #7of 11Financial data and exchange stocks with the fastest revenue growth
- #8of 11Financial data and exchange stocks with the lowest price to sales ratio
- #8of 10Financial data and exchange stocks with the fastest earnings growth
Its groups
About
- Industry
- Financial - Data & Stock Exchanges
- Sector
- Financial Services
Valuation data, not investment advice. Prices as of .