S&P Global Inc.
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SPGI Q2 2025 request
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/api/financials?ticker=SPGI&year=2025&quarter=2
Pick an endpoint and run the request.Income Statement
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Revenue | 3,755 | 3,549 | +5.8% |
Show Product Lines breakouts |
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| Asset-linked fees | 286 | 245 | +16.7% |
| Asset-linked fees · Indices | 286 | 245 | +16.7% |
| Non-subscription / Transaction | 745 | 777 | -4.1% |
| Non-subscription / Transaction · Commodity Insights | 25 | 31 | -19.4% |
| Non-subscription / Transaction · Market Intelligence | 42 | 43 | -2.3% |
| Non-subscription / Transaction · Mobility | 81 | 77 | +5.2% |
| Non-subscription / Transaction · Ratings | 597 | 626 | -4.6% |
| Non-transaction | 502 | 463 | +8.4% |
| Non-transaction · Intersegment Elimination | -49 | -46 | -6.5% |
| Non-transaction · Ratings | 551 | 509 | +8.3% |
| Recurring variable revenue | 158 | 147 | +7.5% |
| Recurring variable revenue · Market Intelligence | 158 | 147 | +7.5% |
| Sales usage-based royalties | 110 | 96 | +14.6% |
| Sales usage-based royalties · Commodity Insights | 30 | 26 | +15.4% |
| Sales usage-based royalties · Indices | 80 | 70 | +14.3% |
| Subscription | 1,954 | 1,821 | +7.3% |
| Subscription · Commodity Insights | 500 | 459 | +8.9% |
| Subscription · Indices | 80 | 74 | +8.1% |
| Subscription · Market Intelligence | 1,017 | 965 | +5.4% |
| Subscription · Mobility | 357 | 323 | +10.5% |
Show Business Segments breakouts |
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| Commodity Insights · Operating Segments | 555 | 516 | +7.6% |
| Commodity Insights · Reportable Legal Entities | 555 | 516 | +7.6% |
| Commodity Insights · Reportable Legal Entities | 555 | 516 | +7.6% |
| Commodity Insights · Reportable Legal Entities | 25 | 31 | -19.4% |
| Commodity Insights · Reportable Legal Entities | 530 | 485 | +9.3% |
| Indices · Intersegment Elimination | -3 | -3 | 0.0% |
| Indices · Operating Segments | 443 | 386 | +14.8% |
| Indices · Reportable Legal Entities | 446 | 389 | +14.7% |
| Indices · Reportable Legal Entities | 446 | 389 | +14.7% |
| Market Intelligence · Intersegment Elimination | -3 | -3 | 0.0% |
| Market Intelligence · Operating Segments | 1,214 | 1,152 | +5.4% |
| Market Intelligence · Reportable Legal Entities | 1,217 | 1,155 | +5.4% |
| Market Intelligence · Reportable Legal Entities | 42 | 43 | -2.3% |
| Market Intelligence · Reportable Legal Entities | 1,175 | 1,112 | +5.7% |
| Mobility · Operating Segments | 438 | 400 | +9.5% |
| Mobility · Reportable Legal Entities | 438 | 400 | +9.5% |
| Mobility · Reportable Legal Entities | 438 | 400 | +9.5% |
| Mobility · Reportable Legal Entities | 81 | 77 | +5.2% |
| Mobility · Reportable Legal Entities | 357 | 323 | +10.5% |
| Ratings · Intersegment Elimination | -43 | -40 | -7.5% |
| Ratings · Operating Segments | 1,105 | 1,095 | +0.9% |
| Ratings · Reportable Legal Entities | 1,148 | 1,135 | +1.1% |
| Ratings · Reportable Legal Entities | 597 | 626 | -4.6% |
| Ratings · Reportable Legal Entities | 551 | 509 | +8.3% |
Show Geography breakouts |
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| Asia | 408 | 368 | +10.9% |
| Europe | 863 | 830 | +4.0% |
| Rest Of World [Member] | 215 | 200 | +7.5% |
| US | 2,269 | 2,151 | +5.5% |
Show Legal Entity breakouts |
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| S&P DJ Indices · Related Party | 51 | 48 | +6.2% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | -49 | -46 | -6.5% |
| Intersegment Elimination · Transferred Over Time | -49 | -46 | -6.5% |
| Operating Segments | 3,755 | 3,549 | +5.8% |
| Reportable Legal Entities | 3,804 | 3,595 | +5.8% |
Show Timing Of Transfer Of Good Or Service breakouts |
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| Transferred At Point In Time | 745 | 777 | -4.1% |
| Transferred Over Time | 3,010 | 2,772 | +8.6% |
| Cost of Revenue | 1,119 | 1,078 | +3.8% |
| Selling, General & Administrative | 803 | 741 | +8.4% |
| Depreciation | 26 | 25 | +4.0% |
| Amortization Of Intangible Assets | 270 | 266 | +1.5% |
| Total Costs & Expenses | 2,218 | 2,110 | +5.1% |
| Gain Loss On Sale Of Business | -3 | — | — |
Show Disposal Group Classification breakouts |
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| Disposal Group Disposed Of By Sale Not Discontinued Operations · Fincentric | -3 | — | — |
| Income Loss From Equity Method Investments | -11 | -13 | +15.4% |
| Operating Income | 1,551 | 1,452 | +6.8% |
Show Business Segments breakouts |
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| Commodity Insights · Operating Segments | 233 | 206 | +13.1% |
| Indices · Operating Segments | 309 | 263 | +17.5% |
| Market Intelligence · Operating Segments | 259 | 230 | +12.6% |
| Mobility · Operating Segments | 104 | 80 | +30.0% |
| Ratings · Operating Segments | 715 | 725 | -1.4% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 80 | 65 | +23.1% |
| Operating Segments | 1,620 | 1,504 | +7.7% |
| Other Non-Operating Income (Expense) | -28 | -3 | -833.3% |
| Interest Expense | 77 | 77 | 0.0% |
| Income Before Taxes | 1,502 | 1,378 | +9.0% |
| Income Tax Expense (Benefit) | 342 | 293 | +16.7% |
| Net Income | 1,160 | 1,085 | +6.9% |
| Income Loss From Continuing Operations Attributable To Noncontrolling Entity | -88 | -74 | -18.9% |
| Net Income | 1,072 | 1,011 | +6.0% |
| EPS (Basic) | 3.5 | 3.23 | +8.4% |
| EPS (Diluted) | 3.5 | 3.23 | +8.4% |
| Wtd Avg Shares (Basic) | 305.9 | 313 | -2.3% |
| Wtd Avg Shares (Diluted) | 306.1 | 313.2 | -2.3% |
| Common Stock Shares Outstanding | 305.3 | 313 | -2.5% |
| Comprehensive Income | 1,103 | 998 | +10.5% |
| Interest Income Expense Net (Q) | — | — | — |
Show Derivative Risk breakouts |
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| Cross Currency Interest Rate Contract · Net Investment Hedging | 11 | 8 | +37.5% |
| Gain Loss On Investments | -23 | 3 | -866.7% |
Balance Sheet
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,847 | 2,038 | -9.4% |
| Accounts Receivable | 2,979 | 2,709 | +10.0% |
| Prepaid Expenses & Other Current Assets | 1,051 | 832 | +26.3% |
| Total Current Assets | 5,877 | 5,642 | +4.2% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 275 | 248 | +10.9% |
| Operating Lease Right-of-Use Assets | 405 | 372 | +8.9% |
| Goodwill | 35,072 | 34,975 | +0.3% |
| Other Non-Current Assets | 842 | 825 | +2.1% |
| Total Assets | 60,395 | — | — |
Show Business Segments breakouts |
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| Commodity Insights · Operating Segments | 8,727 | — | — |
| Indices · Operating Segments | 3,396 | — | — |
| Market Intelligence · Operating Segments | 28,741 | — | — |
| Mobility · Operating Segments | 13,069 | — | — |
| Ratings · Operating Segments | 1,324 | — | — |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 5,138 | — | — |
| Operating Segments | 55,257 | — | — |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 16,078 | 17,099 | -6.0% |
| Investments In Affiliates Subsidiaries Associates And Joint Ventures | 1,846 | 1,795 | +2.8% |
| Current Liabilities | |||
| Accounts Payable | 532 | 477 | +11.5% |
| Employee Related Liabilities Current | 582 | 583 | -0.2% |
| Debt Current | 3 | 4 | -25.0% |
| Accrued Income Taxes Current | 198 | 180 | +10.0% |
| Deferred Revenue (Current) | 3,871 | 3,406 | +13.7% |
| Other Liabilities Current | 796 | 837 | -4.9% |
| Total Current Liabilities | 5,982 | 5,500 | +8.8% |
| Non-Current Liabilities | |||
| Long-Term Debt | 11,385 | 11,401 | -0.1% |
| Operating Lease Liabilities | 512 | 515 | -0.6% |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 188 | 196 | -4.1% |
| Deferred Tax Liabilities | 3,175 | 3,540 | -10.3% |
| Other Non-Current Liabilities | 1,192 | 820 | +45.4% |
| Total Liabilities | 22,434 | 21,972 | +2.1% |
| Long-Term Debt | 11,388 | 11,405 | -0.1% |
Show Debt Instrument breakouts |
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| 1.25% Senior Notes due 2030 · Senior Notes | 596 | 595 | +0.2% |
| 2.3% Senior Notes due 2060 · Senior Notes | 683 | 683 | 0.0% |
| 2.45% Senior Notes due 2027 · Senior Notes | 1,244 | 1,241 | +0.2% |
| 2.5% Senior Notes due 2029 · Senior Notes | 498 | 497 | +0.2% |
| 2.7% Sustainability-Linked Senior Notes, due 2029 · Senior Notes | 1,239 | 1,237 | +0.2% |
| 2.90% Senior Notes due 2032 · Senior Notes | 1,478 | 1,476 | +0.1% |
| 2.95% Senior Notes due 2027 · Senior Notes | 498 | 498 | 0.0% |
| 3.25% Senior Notes due 2049 · Senior Notes | 590 | 590 | 0.0% |
| 3.70% Senior Notes due 2052 · Senior Notes | 975 | 975 | 0.0% |
| 3.9% Senior Notes due 2062 · Senior Notes | 486 | 486 | 0.0% |
| 4.00% Senior Notes due 2026 · Senior Notes | 3 | 3 | 0.0% |
| 4.25% Senior Notes due 2029 · Senior Notes | 999 | 1,010 | -1.1% |
| 4.5% Senior Notes due 2048 · Senior Notes | 273 | 272 | +0.4% |
| 4.75% Senior Notes due 2028 · Senior Notes | 791 | 804 | -1.6% |
| 5.25% Senior Notes due 2033 · Senior Notes | 744 | 743 | +0.1% |
| 6.55% Senior Notes due 2037 · Senior Notes | 291 | 291 | 0.0% |
| Other Liabilities | |||
| Redeemable Noncontrolling Interest Equity Carrying Amount | 4,465 | 4,014 | +11.2% |
Show Business Segments breakouts |
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| Indices | 4,455 | — | — |
| Stockholders' Equity | |||
| Common Stock | 415 | 415 | 0.0% |
| Additional Paid In Capital Common Stock | 44,392 | 44,407 | -0.0% |
| Retained Earnings | 22,402 | 19,957 | +12.3% |
| Accumulated Other Comprehensive Income | -795 | -839 | +5.2% |
| Treasury Stock Common Value | -33,024 | -29,059 | -13.6% |
| Total Stockholders' Equity | 33,390 | 34,881 | -4.3% |
| Minority Interest | 106 | 89 | +19.1% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 33,496 | 34,970 | -4.2% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -372 | -365 | -1.9% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | 102 | 102 | 0.0% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Foreign Exchange Forward | 4 | 5 | -20.0% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Interest Rate Swap | 99 | 100 | -1.0% |
| Accumulated Other Comprehensive Income | -795 | -839 | +5.2% |
| Accumulated Translation Adjustment | -525 | -576 | +8.9% |
| Accumulated Translation Adjustment · Net Investment Hedging | -283 | 14 | -2121.4% |
| Additional Paid In Capital | 44,392 | 44,407 | -0.0% |
| Common Stock | 415 | 415 | 0.0% |
| Noncontrolling Interest | 106 | 89 | +19.1% |
| Parent | 33,390 | 34,881 | -4.3% |
| Retained Earnings | 22,402 | 19,957 | +12.3% |
| Treasury Stock Common | -33,024 | -29,059 | -13.6% |
| Total Liabilities & Equity | 60,395 | 60,956 | -0.9% |
Cash Flow Statement
| Metric | YTD Q2 2025 | YTD Q2 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Provision For Doubtful Accounts | 17 | 29 | -41.4% |
| Deferred Income Taxes | -138 | -162 | +14.8% |
| Stock-Based Compensation | 92 | 82 | +12.2% |
| Other Non-Cash Items | 250 | 105 | +138.1% |
| Change in Accounts Receivable | -101 | 106 | -195.3% |
| Increase Decrease In Other Current Assets | -20 | -25 | +20.0% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -524 | -328 | -59.8% |
| Change in Deferred Revenue | 137 | -74 | +285.1% |
| Increase Decrease In Other Current Liabilities | -140 | -210 | +33.3% |
| Increase Decrease In Accrued Income Taxes Payable | 2 | 241 | -99.2% |
| Increase Decrease In Other Noncurrent Assets And Liabilities Net | -93 | 7 | -1428.6% |
| Net Cash from Operations | 2,398 | 2,504 | -4.2% |
| Investing Activities | |||
| Payments To Acquire Productive Assets | -104 | -56 | -85.7% |
| Payments To Acquire Businesses Net Of Cash Acquired | -25 | -261 | +90.4% |
| Proceeds From Divestiture Of Businesses Net Of Cash Divested | 15 | -4 | +475.0% |
| Payments For Proceeds From Short Term Investments | -17 | 2 | -950.0% |
| Net Cash from Investing | -131 | -319 | +58.9% |
| Financing Activities | |||
| Repayments Of Senior Debt | -4 | -47 | +91.5% |
| Payments Of Dividends Common Stock | -589 | -572 | -3.0% |
| Payments Of Dividends Minority Interest | -168 | -133 | -26.3% |
| Payment For Contingent Consideration Liability Financing Activities | -6 | -104 | +94.2% |
| Share Repurchases | -1,301 | -500 | -160.2% |
| Payment Tax Withholding Share Based Payment Arrangement And Payment For Excise Tax Payments On Share Repurchases | -94 | -49 | -91.8% |
| Net Cash from Financing | -2,162 | -1,405 | -53.9% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 76 | -32 | +337.5% |
| Net Change in Cash | 181 | 748 | -75.8% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,847 | 2,039 | -9.4% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.