S&P Global Inc.
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SPGI Q3 2025 request
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/api/financials?ticker=SPGI&year=2025&quarter=3
Pick an endpoint and run the request.Income Statement
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Revenue | 3,888 | 3,575 | +8.8% |
Show Product Lines breakouts |
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| Asset-linked fees | 303 | 266 | +13.9% |
| Asset-linked fees · Indices | 303 | 266 | +13.9% |
| Non-subscription / Transaction | 812 | 735 | +10.5% |
| Non-subscription / Transaction · Commodity Insights | 18 | 18 | 0.0% |
| Non-subscription / Transaction · Market Intelligence | 43 | 39 | +10.3% |
| Non-subscription / Transaction · Mobility | 83 | 81 | +2.5% |
| Non-subscription / Transaction · Ratings | 668 | 597 | +11.9% |
| Non-transaction | 521 | 466 | +11.8% |
| Non-transaction · Intersegment Elimination | -51 | -47 | -8.5% |
| Non-transaction · Ratings | 572 | 513 | +11.5% |
| Recurring variable revenue | 158 | 142 | +11.3% |
| Recurring variable revenue · Market Intelligence | 158 | 142 | +11.3% |
| Sales usage-based royalties | 108 | 102 | +5.9% |
| Sales usage-based royalties · Commodity Insights | 31 | 26 | +19.2% |
| Sales usage-based royalties · Indices | 77 | 76 | +1.3% |
| Subscription | 1,986 | 1,864 | +6.5% |
| Subscription · Commodity Insights | 507 | 478 | +6.1% |
| Subscription · Indices | 82 | 74 | +10.8% |
| Subscription · Market Intelligence | 1,035 | 981 | +5.5% |
| Subscription · Mobility | 362 | 331 | +9.4% |
Show Business Segments breakouts |
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| Commodity Insights · Operating Segments | 556 | 522 | +6.5% |
| Commodity Insights · Reportable Legal Entities | 556 | 522 | +6.5% |
| Commodity Insights · Reportable Legal Entities | 18 | 18 | 0.0% |
| Commodity Insights · Reportable Legal Entities | 538 | 504 | +6.7% |
| Indices · Intersegment Elimination | -3 | -3 | 0.0% |
| Indices · Operating Segments | 459 | 413 | +11.1% |
| Indices · Reportable Legal Entities | 462 | 416 | +11.1% |
| Indices · Reportable Legal Entities | 462 | 416 | +11.1% |
| Market Intelligence · Intersegment Elimination | -4 | -3 | -33.3% |
| Market Intelligence · Operating Segments | 1,232 | 1,159 | +6.3% |
| Market Intelligence · Reportable Legal Entities | 1,236 | 1,162 | +6.4% |
| Market Intelligence · Reportable Legal Entities | 43 | 39 | +10.3% |
| Market Intelligence · Reportable Legal Entities | 1,193 | 1,123 | +6.2% |
| Mobility · Operating Segments | 445 | 412 | +8.0% |
| Mobility · Reportable Legal Entities | 445 | 412 | +8.0% |
| Mobility · Reportable Legal Entities | 445 | 412 | +8.0% |
| Mobility · Reportable Legal Entities | 83 | 81 | +2.5% |
| Mobility · Reportable Legal Entities | 362 | 331 | +9.4% |
| Ratings · Intersegment Elimination | -44 | -41 | -7.3% |
| Ratings · Operating Segments | 1,196 | 1,069 | +11.9% |
| Ratings · Reportable Legal Entities | 1,240 | 1,110 | +11.7% |
| Ratings · Reportable Legal Entities | 668 | 597 | +11.9% |
| Ratings · Reportable Legal Entities | 572 | 513 | +11.5% |
Show Geography breakouts |
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| Asia | 430 | 388 | +10.8% |
| Europe | 885 | 802 | +10.3% |
| Rest Of World [Member] | 211 | 209 | +1.0% |
| US | 2,362 | 2,176 | +8.5% |
Show Legal Entity breakouts |
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| S&P DJ Indices · Related Party | 44 | 50 | -12.0% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | -51 | -47 | -8.5% |
| Intersegment Elimination · Transferred Over Time | -51 | -47 | -8.5% |
| Operating Segments | 3,888 | 3,575 | +8.8% |
| Reportable Legal Entities | 3,939 | 3,622 | +8.8% |
Show Timing Of Transfer Of Good Or Service breakouts |
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| Transferred At Point In Time | 812 | 735 | +10.5% |
| Transferred Over Time | 3,076 | 2,840 | +8.3% |
| Cost of Revenue | 1,121 | 1,065 | +5.3% |
| Selling, General & Administrative | 805 | 815 | -1.2% |
| Depreciation | 28 | 22 | +27.3% |
| Amortization Of Intangible Assets | 266 | 271 | -1.8% |
| Total Costs & Expenses | 2,220 | 2,173 | +2.2% |
| Income Loss From Equity Method Investments | -7 | -11 | +36.4% |
| Operating Income | 1,675 | 1,434 | +16.8% |
Show Business Segments breakouts |
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| Commodity Insights · Operating Segments | 235 | 211 | +11.4% |
| Indices · Operating Segments | 317 | 282 | +12.4% |
| Market Intelligence · Operating Segments | 277 | 230 | +20.4% |
| Mobility · Operating Segments | 117 | 97 | +20.6% |
| Ratings · Operating Segments | 819 | 676 | +21.2% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 97 | 73 | +32.9% |
| Operating Segments | 1,765 | 1,496 | +18.0% |
| Other Non-Operating Income (Expense) | -2 | 2 | -200.0% |
| Interest Expense | 79 | 72 | +9.7% |
| Income Before Taxes | 1,598 | 1,360 | +17.5% |
| Income Tax Expense (Benefit) | 333 | 313 | +6.4% |
| Net Income | 1,265 | 1,047 | +20.8% |
| Income Loss From Continuing Operations Attributable To Noncontrolling Entity | -89 | -76 | -17.1% |
| Net Income | 1,176 | 971 | +21.1% |
| EPS (Basic) | 3.86 | 3.12 | +23.7% |
| EPS (Diluted) | 3.86 | 3.11 | +24.1% |
| Wtd Avg Shares (Basic) | 304.3 | 311.2 | -2.2% |
| Wtd Avg Shares (Diluted) | 304.5 | 311.5 | -2.2% |
| Common Stock Shares Outstanding | 303.4 | 310.3 | -2.2% |
| Comprehensive Income | 1,173 | 1,096 | +7.0% |
| Interest Income Expense Net (Q) | — | — | — |
Show Derivative Risk breakouts |
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| Cross Currency Interest Rate Contract · Net Investment Hedging | 10 | 11 | -9.1% |
| Gain Loss On Investments | 3 | 7 | -57.1% |
Balance Sheet
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,672 | 1,696 | -1.4% |
| Accounts Receivable | 2,856 | 2,635 | +8.4% |
| Prepaid Expenses & Other Current Assets | 926 | 832 | +11.3% |
| Assets Of Disposal Group Including Discontinued Operation Current | 200 | — | — |
| Total Current Assets | 5,654 | 5,202 | +8.7% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 270 | 252 | +7.1% |
| Operating Lease Right-of-Use Assets | 384 | 390 | -1.5% |
| Goodwill | 34,921 | 34,991 | -0.2% |
| Other Non-Current Assets | 837 | 885 | -5.4% |
| Total Assets | 59,749 | — | — |
Show Business Segments breakouts |
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| Commodity Insights · Operating Segments | 3,335 | — | — |
| Indices · Operating Segments | 12,983 | — | — |
| Market Intelligence · Operating Segments | 28,764 | — | — |
| Mobility · Operating Segments | 8,667 | — | — |
| Ratings · Operating Segments | 1,180 | — | — |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 4,820 | — | — |
| Operating Segments | 54,929 | — | — |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 15,809 | 16,848 | -6.2% |
| Investments In Affiliates Subsidiaries Associates And Joint Ventures | 1,874 | 1,800 | +4.1% |
| Current Liabilities | |||
| Accounts Payable | 418 | 475 | -12.0% |
| Employee Related Liabilities Current | 714 | 823 | -13.2% |
| Debt Current | 3 | 4 | -25.0% |
| Accrued Income Taxes Current | 197 | 188 | +4.8% |
| Deferred Revenue (Current) | 3,627 | 3,288 | +10.3% |
| Other Liabilities Current | 799 | 720 | +11.0% |
| Liabilities Of Disposal Group Including Discontinued Operation Current | 45 | — | — |
| Total Current Liabilities | 5,803 | 5,505 | +5.4% |
| Non-Current Liabilities | |||
| Long-Term Debt | 11,382 | 11,398 | -0.1% |
| Operating Lease Liabilities | 481 | 527 | -8.7% |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 187 | 199 | -6.0% |
| Deferred Tax Liabilities | 3,031 | 3,415 | -11.2% |
| Other Non-Current Liabilities | 1,167 | 933 | +25.1% |
| Total Liabilities | 22,051 | 21,977 | +0.3% |
| Long-Term Debt | 11,385 | 11,402 | -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 | 1,245 | 1,242 | +0.2% |
| 2.5% Senior Notes due 2029 · Senior Notes | 498 | 497 | +0.2% |
| 2.7% Sustainability-Linked Senior Notes, due 2029 · Senior Notes | 1,240 | 1,238 | +0.2% |
| 2.90% Senior Notes due 2032 · Senior Notes | 1,479 | 1,476 | +0.2% |
| 2.95% Senior Notes due 2027 · Senior Notes | 499 | 498 | +0.2% |
| 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 | 995 | 1,007 | -1.2% |
| 4.5% Senior Notes due 2048 · Senior Notes | 273 | 273 | 0.0% |
| 4.75% Senior Notes due 2028 · Senior Notes | 788 | 801 | -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 | 4,460 | 4,305 | +3.6% |
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 | 44,352 | 44,273 | +0.2% |
| Retained Earnings | 23,288 | 20,364 | +14.4% |
| Accumulated Other Comprehensive Income | -798 | -714 | -11.8% |
| Treasury Stock Common Value | -34,124 | -30,346 | -12.4% |
| Total Stockholders' Equity | 33,133 | 33,992 | -2.5% |
| Minority Interest | 105 | 94 | +11.7% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 33,238 | 34,086 | -2.5% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -372 | -364 | -2.2% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | 93 | 102 | -8.8% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Foreign Exchange Forward | -5 | 5 | -200.0% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Interest Rate Swap | 99 | 100 | -1.0% |
| Accumulated Other Comprehensive Income | -798 | -714 | -11.8% |
| Accumulated Translation Adjustment | -519 | -452 | -14.8% |
| Accumulated Translation Adjustment · Net Investment Hedging | -258 | -64 | -303.1% |
| Additional Paid In Capital | 44,352 | 44,273 | +0.2% |
| Common Stock | 415 | 415 | 0.0% |
| Noncontrolling Interest | 105 | 94 | +11.7% |
| Parent | 33,133 | 33,992 | -2.5% |
| Retained Earnings | 23,288 | 20,364 | +14.4% |
| Treasury Stock Common | -34,124 | -30,346 | -12.4% |
| Total Liabilities & Equity | 59,749 | 60,368 | -1.0% |
Cash Flow Statement
| Metric | YTD Q3 2025 | YTD Q3 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Provision For Doubtful Accounts | 28 | 36 | -22.2% |
| Deferred Income Taxes | -287 | -271 | -5.9% |
| Stock-Based Compensation | 167 | 177 | -5.6% |
| Other Non-Cash Items | 204 | -15 | +1460.0% |
| Change in Accounts Receivable | -31 | 188 | -116.5% |
| Increase Decrease In Other Current Assets | 72 | -14 | +614.3% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -493 | -131 | -276.3% |
| Change in Deferred Revenue | -68 | -209 | +67.5% |
| Increase Decrease In Other Current Liabilities | -176 | -399 | +55.9% |
| Increase Decrease In Accrued Income Taxes Payable | 86 | 314 | -72.6% |
| Increase Decrease In Other Noncurrent Assets And Liabilities Net | -74 | 221 | -133.5% |
| Net Cash from Operations | 3,903 | 3,949 | -1.2% |
| Investing Activities | |||
| Payments To Acquire Productive Assets | -149 | -91 | -63.7% |
| Payments To Acquire Businesses Net Of Cash Acquired | -50 | -264 | +81.1% |
| Proceeds From Divestiture Of Businesses Net Of Cash Divested | 19 | 94 | -79.8% |
| Payments For Proceeds From Short Term Investments | -52 | -1 | -5100.0% |
| Net Cash from Investing | -232 | -262 | +11.5% |
| Financing Activities | |||
| Repayments Of Senior Debt | -4 | -47 | +91.5% |
| Payments Of Dividends Common Stock | -880 | -854 | -3.0% |
| Payments Of Dividends Minority Interest | -234 | -213 | -9.9% |
| Payment For Contingent Consideration Liability Financing Activities | -8 | -107 | +92.5% |
| Share Repurchases | -2,501 | -2,001 | -25.0% |
| Payment Tax Withholding Share Based Payment Arrangement And Payment For Excise Tax Payments On Share Repurchases | -101 | -58 | -74.1% |
| Net Cash from Financing | -3,728 | -3,280 | -13.7% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 63 | -1 | +6400.0% |
| Net Change in Cash | 6 | 406 | -98.5% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,672 | 1,697 | -1.5% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.