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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›SPGI›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

S&P Global Inc. (SPGI) financials

Income statement

S&P Global Inc. (SPGI) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$5.66B$6.06B$6.26B$6.70B$7.44B$8.30B$11.2B$12.5B$14.2B$15.3B
Revenue growth—7.1%3.2%7.0%11.1%11.5%34.8%11.8%13.7%7.9%
Operating income$3.34B$2.58B$2.79B$3.23B$3.62B$4.22B$4.94B$4.02B$5.58B$6.48B
Operating margin59.0%42.6%44.6%48.2%48.6%50.9%44.2%32.2%39.3%42.2%
Net income$2.11B$1.50B$1.96B$2.12B$2.34B$3.02B$3.25B$2.63B$3.85B$4.47B
Net margin37.2%24.7%31.3%31.7%31.4%36.4%29.0%21.0%27.1%29.2%
EPS (diluted)$7.94$5.78$7.73$8.60$9.66$12.51$10.20$8.23$12.35$14.66

Cash flow

S&P Global Inc. (SPGI) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.56B$2.02B$2.06B$2.78B$3.57B$3.60B$2.60B$3.71B$5.69B$5.65B
Capital expenditures$115M$123M$113M$115M$76.0M$35.0M$89.0M$143M$124M$195M
Free cash flow$1.45B$1.89B$1.95B$2.66B$3.49B$3.56B$2.51B$3.57B$5.57B$5.46B
Share buybacks$1.12B$1.00B$1.66B$1.24B$1.16B$0.00$12.0B$3.30B$3.30B$5.00B
Dividends paid$380M$421M$503M$560M$645M$743M$1.02B$1.15B$1.13B$1.17B

Balance sheet

S&P Global Inc. (SPGI) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$2.39B$2.78B$1.92B$2.87B$4.11B$6.50B$1.29B$1.29B$1.67B$1.75B
Total assets$8.67B$9.43B$9.44B$11.3B$12.5B$15.0B$61.8B$60.6B$60.2B$61.2B
Total liabilities$6.89B$7.31B$7.14B$8.54B$9.19B$9.49B$22.0B$22.5B$22.7B$25.0B
Long-term debt$3.56B$3.17B$3.66B$3.95B$4.11B$4.11B$10.7B$11.4B$11.4B$12.4B
Shareholders' equity$650M$709M$628M$479M$509M$2.03B$36.4B$34.2B$33.2B$31.1B
Retained earnings$9.21B$10.0B$11.3B$12.2B$13.4B$15.0B$17.8B$18.7B$21.0B$23.7B
Shares (wtd avg diluted)265M259M253M247M242M242M319M319M312M305M

Every figure is extracted from S&P Global Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is S&P Global Inc.'s annual revenue?
S&P Global Inc. (SPGI) reported $15.3B of revenue for fiscal year 2025 — up 7.9% from $14.2B in FY2024, per its annual report filed with the SEC.
Is S&P Global Inc. profitable?
Yes — SPGI earned $4.47B of net income in FY2025, a 29.2% net margin, per SEC filings.
What is S&P Global Inc.'s free cash flow?
$5.46B in FY2025 (operating cash flow $5.65B minus $195M of capital expenditures), from the SEC cash-flow statement.
Does SPGI pay a dividend?
Yes — S&P Global Inc. paid $1.17B in cash dividends during FY2025, per its SEC cash-flow statement.
Full SPGI analysis — verdict, score & filings →Is SPGI a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.