S&P Global Inc. (SPGI) stock
SPGINYSEServices-Consumer Credit Reporting, Collection AgenciesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 21/302% above fair value
$475.11+1.73 (+0.37%)
Close on Nov 11, 2026Market cap $137.73BP/E 28.3Yield 0.81%
S&P Global operating margin
Operating margin is operating income as a percentage of revenue.
S&P Global's operating margin for the twelve months ending Sep 30, 2026 was 45.1%. For fiscal 2025 it was 42.2%, against 39.3% the year before. The highest annual figure on record is 59.0% in fiscal 2016.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 42.2% | +3.0 |
| FY2024 | Dec 31, 2024 | 39.3% | +7.1 |
| FY2023 | Dec 31, 2023 | 32.2% | −12.1 |
| FY2022 | Dec 31, 2022 | 44.2% | −6.7 |
| FY2021 | Dec 31, 2021 | 50.9% | +2.3 |
| FY2020 | Dec 31, 2020 | 48.6% | +0.4 |
| FY2019 | Dec 31, 2019 | 48.2% | +3.6 |
| FY2018 | Dec 31, 2018 | 44.6% | +2.0 |
| FY2017 | Dec 31, 2017 | 42.6% | −16.4 |
| FY2016 | Dec 31, 2016 | 59.0% | +22.9 |
| FY2015 | Dec 31, 2015 | 36.1% | +33.8 |
| FY2014 | Dec 31, 2014 | 2.2% | −26.6 |
| FY2013 | Dec 31, 2013 | 28.9% | +1.5 |
| FY2012 | Dec 31, 2012 | 27.4% | +0.2 |
| FY2011 | Dec 31, 2011 | 27.2% | −1.0 |
| FY2010 | Dec 31, 2010 | 28.2% | +6.7 |
| FY2009 | Dec 31, 2009 | 21.4% | −0.2 |
| FY2008 | Dec 31, 2008 | 21.6% | −3.1 |
| FY2007 | Dec 31, 2007 | 24.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 53.2% | +8.0 |
| Q2 FY2026 | Jun 30, 2026 | 43.7% | +2.4 |
| Q1 FY2026 | Mar 31, 2026 | 48.0% | +6.2 |
| Q4 FY2025 | Dec 31, 2025 | 38.4% | +1.9 |
| Q3 FY2025 | Sep 30, 2025 | 45.2% | +5.1 |
| Q2 FY2025 | Jun 30, 2025 | 41.3% | +0.4 |
| Q1 FY2025 | Mar 31, 2025 | 41.8% | +2.1 |
| Q4 FY2024 | Dec 31, 2024 | 36.4% | +8.2 |
| Q3 FY2024 | Sep 30, 2024 | 40.1% | +5.3 |
| Q2 FY2024 | Jun 30, 2024 | 40.9% | +11.5 |
| Q1 FY2024 | Mar 31, 2024 | 39.7% | +3.5 |
| Q4 FY2023 | Dec 31, 2023 | 28.2% | +3.9 |
| Q3 FY2023 | Sep 30, 2023 | 34.8% | +5.0 |
| Q2 FY2023 | Jun 30, 2023 | 29.4% | −20.1 |
| Q1 FY2023 | Mar 31, 2023 | 36.2% | −43.0 |
| Q4 FY2022 | Dec 31, 2022 | 24.4% | −18.9 |
| Q3 FY2022 | Sep 30, 2022 | 29.8% | −22.1 |
| Q2 FY2022 | Jun 30, 2022 | 49.5% | −5.3 |
| Q1 FY2022 | Mar 31, 2022 | 79.2% | +25.6 |
| Q4 FY2021 | Dec 31, 2021 | 43.3% | +8.2 |
| Q3 FY2021 | Sep 30, 2021 | 51.9% | +0.8 |
| Q2 FY2021 | Jun 30, 2021 | 54.8% | −2.1 |
| Q1 FY2021 | Mar 31, 2021 | 53.6% | +2.6 |
| Q4 FY2020 | Dec 31, 2020 | 35.1% | −12.0 |
| Q3 FY2020 | Sep 30, 2020 | 51.1% | −1.6 |
| Q2 FY2020 | Jun 30, 2020 | 56.9% | +9.2 |
| Q1 FY2020 | Mar 31, 2020 | 51.1% | +6.2 |
| Q4 FY2019 | Dec 31, 2019 | 47.1% | +1.3 |
| Q3 FY2019 | Sep 30, 2019 | 52.8% | +7.2 |
| Q2 FY2019 | Jun 30, 2019 | 47.7% | +5.9 |
| Q1 FY2019 | Mar 31, 2019 | 44.9% | −0.5 |
| Q4 FY2018 | Dec 31, 2018 | 45.8% | +6.4 |
| Q3 FY2018 | Sep 30, 2018 | 45.5% | +2.6 |
| Q2 FY2018 | Jun 30, 2018 | 41.8% | −2.5 |
| Q1 FY2018 | Mar 31, 2018 | 45.4% | +1.4 |
| Q4 FY2017 | Dec 31, 2017 | 39.5% | −21.8 |
| Q3 FY2017 | Sep 30, 2017 | 42.9% | – |
| Q2 FY2017 | Jun 30, 2017 | 44.3% | – |
| Q1 FY2017 | Mar 31, 2017 | 44.0% | – |
| Q4 FY2016 | Dec 31, 2016 | 61.3% | – |
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