MARKETS / NYSE / SPGI

NYSE · SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES · LARGE CAP

S&P Global Inc. SPGI

19 fiscal years on record · USD · FY2025 reported · SEC filings only

18 YEARS OF DIVIDEND GROWTH

Revenue

$15.3B

▲ 7.9% YoY

Net income

$4.5B

▲ 16.1% YoY

Free cash flow

$5.5B

▼ 2.0% YoY

In brief

What this company does

S&P Global Inc. provides benchmarks, data, analytics and workflow solutions in the global capital, energy and commodity, and automotive markets. As of December 31, 2025, it had approximately 44,500 permanent employees located worldwide, including around 26,200 in Asia, 11,050 in the U.S. and Canada, 6,200 in Europe, Middle East and Africa, and 1,050 in Latin America. Its operations consist of five businesses: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, S&P Global Mobility and S&P Dow Jones Indices. Market Intelligence provides multi-asset-class data and analytics integrated with workflow solutions. Ratings is an independent provider of credit ratings, research and analytics. Energy provides information and benchmark prices for the energy and commodity markets. Mobility provides solutions serving the automotive value chain, including vehicle manufacturers, automotive suppliers, mobility service providers, retailers, consumers, and finance and insurance companies. S&P Global Inc. was incorporated in December 1925 under the laws of the state of New York.

Written from the business description in S&P Global Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 11 February 2026. Every sentence was checked against that document before publication.

Growth

USD 15.3B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 15.3 · Net income 4.5

Compound annual growth

Revenue

+11.1%

+15.6%

+11.2%

+10.1%

Net income

+11.2%

+13.8%

+14.5%

+11.9%

EPS, diluted

+12.9%

+8.7%

+13.3%

+12.1%

Dividend / share

+5.0%

+7.5%

+11.3%

+9.8%

Returned to shareholders

−22.0%

+28.0%

+17.3%

+18.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +15.6% a year over five years — but profit grew slower: net income at +13.8%, earnings per share at +8.7%.

The share count rose from 0.24B to 0.30B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

31 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 42.2% · Net 31.4%

ROE

FY2025 · ROE 13.9%

Gross margin70.2%

Operating margin42.2%

Net margin31.4%

Return on assets7.9%

EBITDAUSD 7.7B

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 6.2B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 5.5

Net buybacks $B Dividends $B

FY2025 · Dividends 1.2 · Net buybacks 5.0

Dividends paidUSD 1.2B

Net buybacksUSD 5.0B

Share of profit138.0%

Consecutive raises18 years

USD 1.2B in dividends and USD 5.0B in buybacks — 138% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 61.2B

EquityUSD 31.1B

CashUSD 1.7B

Gross debtUSD 13.1B

Net debtUSD 11.3B

Current ratio0.82×

Net debt stands at 36% of equity.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	15.3	14.2	12.5	11.2	8.3	7.4	6.7	6.3	6.1	5.7	5.3	5.1	4.7	4.3	4.0	3.6	5.9	6.4	6.8
Operating income $B	6.5	5.6	4.0	4.9	4.2	3.6	3.2	2.8	2.6	3.3	1.9	0.1	1.4	1.2	1.1	1.0	1.3	1.4	1.7
EBITDA $B	7.7	6.8	5.2	6.0	4.4	3.8	3.4	3.0	2.8	3.5	2.1	0.2	1.5	1.3	1.2	1.1	1.7	1.9	1.8
Income tax $B	1.4	1.1	0.8	1.2	0.9	0.7	0.6	0.6	0.8	1.0	0.5	0.2	0.4	0.4	0.4	0.3	0.4	0.5	0.6
Net income $B	4.5	3.9	2.6	3.2	3.0	2.3	2.1	2.0	1.5	2.1	1.2	−0.1	1.4	0.4	0.9	0.8	0.7	0.8	1.0
Free cash flow $B	5.5	5.6	3.6	2.5	3.6	3.5	2.7	2.0	1.9	1.4	0.2	1.1	0.7	0.6	0.8	0.6	1.2	1.0	1.5
EPS, diluted $	14.66	12.35	8.23	10.20	12.51	9.66	8.60	7.73	5.78	7.94	4.21	−0.42	4.91	1.53	3.00	2.65	2.33	2.51	2.94
Dividend / sh $	3.84	3.64	3.60	3.32	3.08	2.68	2.28	2.00	1.64	1.44	1.32	1.20	1.12	1.02	1.00	0.94	0.90	0.88	0.82
Payout %	26	29	44	32	25	28	26	26	28	18	31	−283	22	225	32	35	38	35	27
ROE %	13.9	11.4	7.4	16.9	238.0	473.5	383.6	292.9	220.2	499.1	339.0	−12.9	133.1	38.4	49.0	40.8	46.7	62.3	·
Shares out B	0.30	0.31	0.31	0.32	0.24	0.24	0.24	0.25	0.25	0.26	0.27	0.27	0.27	·	·	·	·	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityServices-Consumer Credit Reporting, Collection Agencies

Listed onNYSE

Incorporated inNew York

Fiscal year endsDecember 31

Data on record since2007