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    SPGI

    S&P Global Inc.

    Company overview

    Market capitalization
    $117.19B
    Employees
    44,500
    Latest publication
    2026-09-29
    About S&P Global Inc.

    S&P Global Inc., together with its subsidiaries, provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets. It operates through five segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, S&P Global Mobility, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions. This segment offers Data, Analytics & Insights, a desktop product suite that provides data, analytics, and third-party research for global finance and corporate professionals; research, reference data, market data, derived analytics, and valuation services; enterprise solutions, such as software and workflow solutions; and credit and risk solutions for selling Ratings' credit ratings and related data and research, analytics, and financial risk solutions. The S&P Global Ratings segment operates as an independent provider of credit ratings, research, and analytics offering investors information and independent benchmarks for their investment and financial decisions as well as access to the capital markets. The S&P Global Energy segment provides information and benchmark prices for the energy and commodity markets. The S&P Global Mobility segment offers solutions for the full automotive value chain, including vehicle manufacturers, automotive suppliers, mobility service providers, retailers, consumers, and finance and insurance companies. The S&P Dow Jones Indices segment operates as an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. It has operations in the United States, European region, Asia, and internationally. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20082008-12-31 · USDQ3 20082008-09-30 · USDQ2 20082008-06-30 · USDQ1 20082008-03-31 · USDQ4 20072007-12-31 · USDQ3 20072007-09-30 · USD
    Total Revenue4,146,000,000USD4,171,000,000USD1,415,418,000USD2,048,541,000USD1,673,225,000USD1,217,871,000USD1,569,688,000USD2,187,996,000USD
    Selling General Administrative873,000,000USD802,000,000USD540,460,000USD610,899,000USD630,375,000USD527,164,000USD669,009,000USD644,545,000USD
    Total Operating Expenses2,345,000,000USD934,000,000USD589,935,000USD654,488,000USD673,930,000USD558,500,000USD711,307,000USD682,453,000USD
    Operating Income1,812,000,000USD2,002,000,000USD200,911,000USD646,267,000USD360,025,000USD151,060,000USD236,855,000USD738,652,000USD
    Total Other Income Expense Net-83,000,000USD-94,000,000USD-15,438,000USD-22,002,000USD-20,354,000USD-17,830,000USD-11,855,000USD-15,423,000USD
    Interest Expense87,000,000USD96,000,000USD15,438,000USD22,002,000USD20,354,000USD17,830,000USD11,855,000USD15,423,000USD
    Depreciation And Amortization307,000,000USD—101,129,000USD168,148,000USD109,602,000USD69,909,000USD87,063,000USD148,386,000USD
    Income Before Tax1,729,000,000USD1,908,000,000USD185,473,000USD624,265,000USD339,671,000USD129,777,000USD225,000,000USD723,229,000USD
    Income Tax Expense406,000,000USD404,000,000USD69,552,000USD234,099,000USD127,377,000USD48,667,000USD84,375,000USD271,211,000USD
    Equity Method Income Loss0USD0USD——————
    Net Income1,323,000,000USD1,504,000,000USD115,921,000USD390,166,000USD212,294,000USD81,110,000USD140,625,000USD452,018,000USD
    Minority Interest106,000,000USD109,000,000USD5,116,000USD6,649,000USD4,656,000USD3,453,000USD0USD0USD
    Net Income Applicable To Common Shares1,217,000,000USD1,395,000,000USD115,921,000USD390,166,000USD212,294,000USD81,110,000USD140,625,000USD452,018,000USD
    Cost Of Revenue—1,235,000,000USD624,572,000USD747,786,000USD639,270,000USD508,311,000USD621,526,000USD766,891,000USD
    Gross Profit—2,936,000,000USD790,846,000USD1,300,755,000USD1,033,955,000USD709,560,000USD948,162,000USD1,421,105,000USD
    Research Development——0USD0USD0USD0USD0USD0USD
    Unclassified Operating Expenses——49,475,000USD43,589,000USD43,555,000USD31,336,000USD42,298,000USD37,908,000USD
    Net Income From Continuing Ops——0USD0USD0USD0USD0USD0USD
    Ebit——200,911,000USD646,267,000USD360,025,000USD151,060,000USD236,855,000USD738,652,000USD
    Ebitda——302,040,000USD814,415,000USD469,627,000USD220,969,000USD323,918,000USD887,038,000USD
    Reconciled Depreciation——101,129,000USD168,148,000USD109,602,000USD69,909,000USD87,063,000USD148,386,000USD
    Discontinued Operations——0USD0USD0USD0USD0USD0USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Total Revenue8,318,000,000USD
    Selling General Administrative1,675,000,000USD
    Total Operating Expenses4,690,000,000USD
    Operating Income3,814,000,000USD
    Total Other Income Expense Net-176,000,000USD
    Interest Expense182,000,000USD
    Depreciation And Amortization615,000,000USD
    Income Before Tax3,638,000,000USD
    Income Tax Expense810,000,000USD
    Equity Method Income Loss0USD
    Net Income2,828,000,000USD
    Minority Interest215,000,000USD
    Net Income Applicable To Common Shares2,613,000,000USD
    SourceDisclosureDeterministicFinal

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20082008-12-31 · USDFY 20072007-12-31 · USDFY 20062006-12-31 · USDFY 20052005-12-31 · USDFY 20042004-12-31 · USDFY 20032003-12-31 · USDFY 20022002-12-31 · USDFY 20012001-12-31 · USD
    Total Revenue6,355,055,000USD6,772,281,000USD6,255,138,000USD6,003,642,000USD5,250,538,000USD4,827,857,000USD4,787,668,000USD4,645,535,000USD
    Cost Of Revenue2,513,001,000USD2,527,600,000USD2,387,247,000USD2,316,334,000USD2,046,645,000USD2,018,450,000USD2,014,977,000USD2,009,378,000USD
    Gross Profit3,842,054,000USD4,244,681,000USD3,867,891,000USD3,687,308,000USD3,203,893,000USD2,871,870,000USD2,692,716,000USD2,465,223,000USD
    Selling General Administrative2,308,898,000USD2,437,884,000USD2,287,850,000USD2,172,395,000USD1,904,556,000USD1,739,743,000USD1,692,187,000USD1,522,631,000USD
    Unclassified Operating Expenses2,691,347,000USD143,684,000USD161,587,000USD149,749,000USD124,647,000USD—80,617,000USD271,401,000USD
    Total Operating Expenses5,000,245,000USD2,581,568,000USD2,449,437,000USD2,322,144,000USD2,029,203,000USD1,734,496,000USD1,772,804,000USD1,794,032,000USD
    Operating Income1,354,810,000USD1,663,113,000USD1,418,454,000USD1,365,164,000USD1,174,690,000USD1,137,374,000USD919,912,000USD671,191,000USD
    Interest Expense75,624,000USD23,276,000USD13,631,000USD3,966,000USD6,372,000USD164,267,000USD3,122,000USD8,832,000USD
    Income Before Tax1,279,186,000USD1,622,532,000USD1,404,823,000USD1,359,962,000USD1,168,905,000USD1,130,277,000USD905,065,000USD615,058,000USD
    Income Tax Expense479,695,000USD608,973,000USD522,592,000USD515,656,000USD412,495,000USD442,466,000USD325,429,000USD238,436,000USD
    Net Income799,491,000USD1,013,559,000USD882,231,000USD844,306,000USD755,823,000USD687,650,000USD576,760,000USD377,031,000USD
    Ebit1,354,810,000USD1,663,113,000USD1,418,454,000USD1,365,164,000USD1,174,690,000USD1,137,374,000USD919,912,000USD671,191,000USD
    Ebitda1,803,598,000USD2,064,284,000USD1,808,446,000USD1,750,425,000USD1,567,403,000USD1,540,553,000USD1,328,683,000USD1,091,789,000USD
    Depreciation And Amortization448,788,000USD401,171,000USD389,992,000USD385,261,000USD392,713,000USD403,179,000USD408,771,000USD420,598,000USD
    Total Other Income Expense Net373,164,000USD-40,581,000USD-13,631,000USD-5,202,000USD-5,785,000USD-7,097,000USD-14,847,000USD-55,070,000USD
    Net Income Applicable To Common Shares799,491,000USD1,013,559,000USD882,231,000USD844,306,000USD756,410,000USD687,811,000USD576,760,000USD377,031,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets62,906,000,000USD60,792,000,000USD61,200,000,000USD59,749,000,000USD60,395,000,000USD59,889,000,000USD60,221,000,000USD60,368,000,000USD
    Cash And Equivalents4,134,000,000USD1,810,000,000USD——————
    Total Current Assets8,709,000,000USD6,320,000,000USD6,296,000,000USD5,654,000,000USD5,877,000,000USD5,340,000,000USD5,459,000,000USD5,202,000,000USD
    Other Current Assets1,010,000,000USD889,000,000USD1,054,000,000USD1,126,000,000USD1,051,000,000USD790,000,000USD906,000,000USD871,000,000USD
    Other Non Current Assets895,000,000USD884,000,000USD——————
    Total Liabilities26,266,000,000USD24,587,000,000USD——————
    Total Current Liabilities9,125,000,000USD9,335,000,000USD7,637,000,000USD5,803,000,000USD5,982,000,000USD5,920,000,000USD6,392,000,000USD5,505,000,000USD
    Other Current Liabilities1,166,000,000USD1,200,000,000USD——————
    Other Non Current Liabilities764,000,000USD771,000,000USD——————
    Total Stockholder Equity31,501,000,000USD31,173,000,000USD31,235,000,000USD33,238,000,000USD33,496,000,000USD33,371,000,000USD33,159,000,000USD33,992,000,000USD
    Total Equity Including Noncontrolling Interest31,616,000,000USD36,205,000,000USD——————
    Long Term Debt12,598,000,000USD10,621,000,000USD12,370,000,000USD11,382,000,000USD11,385,000,000USD11,388,000,000USD11,394,000,000USD11,398,000,000USD
    Deferred Revenue3,929,000,000USD3,980,000,000USD——————
    Net Receivables3,438,000,000USD3,493,000,000USD3,441,000,000USD2,856,000,000USD2,979,000,000USD3,081,000,000USD2,867,000,000USD2,635,000,000USD
    Property Plant Equipment Net646,000,000USD649,000,000USD691,000,000USD654,000,000USD680,000,000USD678,000,000USD678,000,000USD642,000,000USD
    Goodwill36,348,000,000USD36,357,000,000USD——————
    Intangible Assets15,695,000,000USD15,977,000,000USD16,271,000,000USD15,809,000,000USD16,078,000,000USD16,306,000,000USD16,556,000,000USD16,848,000,000USD
    Accounts Payable611,000,000USD510,000,000USD610,000,000USD418,000,000USD532,000,000USD525,000,000USD553,000,000USD475,000,000USD
    Short Term Debt2,572,000,000USD2,697,000,000USD842,000,000USD3,000,000USD3,000,000USD3,000,000USD4,000,000USD4,000,000USD
    Common Stock415,000,000USD415,000,000USD415,000,000USD415,000,000USD415,000,000USD415,000,000USD415,000,000USD415,000,000USD
    Retained Earnings25,618,000,000USD24,804,000,000USD23,666,000,000USD23,288,000,000USD22,402,000,000USD21,799,000,000USD20,977,000,000USD20,364,000,000USD
    Accumulated Other Comprehensive Income-772,000,000USD-736,000,000USD-697,000,000USD-798,000,000USD-795,000,000USD-826,000,000USD-883,000,000USD-714,000,000USD
    Total Liab——25,048,000,000USD22,051,000,000USD22,434,000,000USD22,164,000,000USD22,713,000,000USD21,977,000,000USD
    Other Current Liab——2,097,000,000USD1,755,000,000USD1,576,000,000USD1,501,000,000USD1,942,000,000USD1,550,000,000USD
    Capital Stock——415,000,000USD415,000,000USD415,000,000USD415,000,000USD415,000,000USD415,000,000USD
    Good Will——36,475,000,000USD34,921,000,000USD35,072,000,000USD34,961,000,000USD34,917,000,000USD34,991,000,000USD
    Cash——1,745,000,000USD1,672,000,000USD1,847,000,000USD1,469,000,000USD1,666,000,000USD1,696,000,000USD
    Cash And Short Term Investments——1,801,000,000USD1,672,000,000USD1,847,000,000USD1,469,000,000USD1,686,000,000USD1,696,000,000USD
    Current Deferred Revenue——4,088,000,000USD3,627,000,000USD3,871,000,000USD3,891,000,000USD3,694,000,000USD3,288,000,000USD
    Net Debt——12,455,000,000USD10,194,000,000USD10,053,000,000USD10,444,000,000USD10,267,000,000USD10,233,000,000USD
    Short Long Term Debt——718,000,000USD3,000,000USD3,000,000USD3,000,000USD4,000,000USD4,000,000USD
    Short Long Term Debt Total——14,200,000,000USD11,866,000,000USD11,900,000,000USD11,913,000,000USD11,933,000,000USD11,929,000,000USD
    Long Term Investments——603,000,000USD1,874,000,000USD1,846,000,000USD1,785,000,000USD1,774,000,000USD1,800,000,000USD
    Short Term Investments——56,000,000USD———20,000,000USD—
    Property Plant Equipment Gross——1,552,000,000USD1,497,000,000USD1,519,000,000USD1,498,000,000USD1,501,000,000USD1,462,000,000USD
    Common Stock Shares Outstanding——302,100,000shares304,500,000shares306,100,000shares307,700,000shares311,900,000shares311,500,000shares
    Non Current Assets Total——54,904,000,000USD54,095,000,000USD54,518,000,000USD54,549,000,000USD54,762,000,000USD55,166,000,000USD
    Non Current Liabilities Total——17,411,000,000USD16,061,000,000USD16,452,000,000USD16,244,000,000USD16,321,000,000USD16,472,000,000USD
    Non Current Liabilities Other——1,107,000,000USD1,167,000,000USD1,192,000,000USD833,000,000USD815,000,000USD933,000,000USD
    Non Currrent Assets Other——864,000,000USD837,000,000USD842,000,000USD819,000,000USD837,000,000USD885,000,000USD
    Net Working Capital——-1,341,000,000USD-149,000,000USD-105,000,000USD-580,000,000USD-933,000,000USD-303,000,000USD
    Unclassified Current Liabilities——-718,000,000USD———195,000,000USD184,000,000USD
    Unclassified Non Current Liabilities——3,934,000,000USD3,512,000,000USD3,875,000,000USD4,023,000,000USD4,112,000,000USD4,141,000,000USD
    Unclassified Equity——7,436,000,000USD9,918,000,000USD11,059,000,000USD11,568,000,000USD12,235,000,000USD13,512,000,000USD
    Inventory———————-2,635,000,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets61,200,000,000USD60,221,000,000USD60,589,000,000USD61,784,000,000USD15,026,000,000USD12,537,000,000USD11,348,000,000USD9,458,000,000USD
    Intangible Assets16,271,000,000USD16,556,000,000USD17,398,000,000USD18,306,000,000USD1,285,000,000USD1,352,000,000USD1,424,000,000USD1,524,000,000USD
    Other Current Assets1,054,000,000USD906,000,000USD1,001,000,000USD1,873,000,000USD652,000,000USD278,000,000USD241,000,000USD1,646,000,000USD
    Total Liab25,048,000,000USD22,713,000,000USD22,489,000,000USD22,040,000,000USD9,490,000,000USD9,185,000,000USD8,544,000,000USD7,154,000,000USD
    Total Stockholder Equity31,235,000,000USD33,159,000,000USD34,200,000,000USD36,477,000,000USD2,032,000,000USD509,000,000USD479,000,000USD2,304,000,000USD
    Other Current Liab2,097,000,000USD1,942,000,000USD1,939,000,000USD1,963,000,000USD1,207,000,000USD1,002,000,000USD795,000,000USD988,000,000USD
    Common Stock415,000,000USD415,000,000USD415,000,000USD415,000,000USD294,000,000USD294,000,000USD294,000,000USD294,000,000USD
    Capital Stock415,000,000USD415,000,000USD415,000,000USD415,000,000USD294,000,000USD294,000,000USD294,000,000USD294,000,000USD
    Retained Earnings23,666,000,000USD20,977,000,000USD18,728,000,000USD17,784,000,000USD15,017,000,000USD13,367,000,000USD12,205,000,000USD11,284,000,000USD
    Good Will36,475,000,000USD34,917,000,000USD34,850,000,000USD34,545,000,000USD3,506,000,000USD3,735,000,000USD3,575,000,000USD3,535,000,000USD
    Cash1,745,000,000USD1,666,000,000USD1,290,000,000USD1,286,000,000USD6,497,000,000USD4,108,000,000USD2,866,000,000USD1,958,000,000USD
    Cash And Short Term Investments1,801,000,000USD1,686,000,000USD1,316,000,000USD1,300,000,000USD6,508,000,000USD4,117,000,000USD2,894,000,000USD1,958,000,000USD
    Total Current Assets6,296,000,000USD5,459,000,000USD5,143,000,000USD5,667,000,000USD8,810,000,000USD5,988,000,000USD4,712,000,000USD3,604,000,000USD
    Total Current Liabilities7,637,000,000USD6,392,000,000USD6,125,000,000USD5,999,000,000USD3,815,000,000USD3,587,000,000USD3,093,000,000USD2,629,000,000USD
    Current Deferred Revenue4,088,000,000USD3,694,000,000USD3,461,000,000USD3,126,000,000USD2,217,000,000USD2,168,000,000USD1,928,000,000USD1,641,000,000USD
    Net Debt12,455,000,000USD10,267,000,000USD10,710,000,000USD10,365,000,000USD-1,795,000,000USD646,000,000USD1,814,000,000USD1,704,000,000USD
    Short Term Debt842,000,000USD4,000,000USD47,000,000USD344,000,000USD96,000,000USD100,000,000USD112,000,000USD211,000,000USD
    Short Long Term Debt718,000,000USD4,000,000USD47,000,000USD226,000,000USD————
    Short Long Term Debt Total14,200,000,000USD11,933,000,000USD12,000,000,000USD11,651,000,000USD4,702,000,000USD4,754,000,000USD4,680,000,000USD3,873,000,000USD
    Long Term Debt12,370,000,000USD11,394,000,000USD11,412,000,000USD10,730,000,000USD4,114,000,000USD4,110,000,000USD3,948,000,000USD3,662,000,000USD
    Long Term Investments603,000,000USD1,774,000,000USD1,787,000,000USD1,752,000,000USD165,000,000USD———
    Short Term Investments56,000,000USD20,000,000USD26,000,000USD14,000,000USD11,000,000USD9,000,000USD28,000,000USD18,000,000USD
    Net Receivables3,441,000,000USD2,867,000,000USD2,826,000,000USD2,494,000,000USD1,650,000,000USD1,593,000,000USD1,577,000,000USD1,449,000,000USD
    Accounts Payable610,000,000USD553,000,000USD557,000,000USD450,000,000USD205,000,000USD233,000,000USD190,000,000USD211,000,000USD
    Property Plant Equipment Net691,000,000USD678,000,000USD637,000,000USD720,000,000USD667,000,000USD778,000,000USD996,000,000USD270,000,000USD
    Property Plant Equipment Gross1,552,000,000USD1,501,000,000USD1,431,000,000USD297,000,000USD861,000,000USD871,000,000USD996,000,000USD270,000,000USD
    Accumulated Other Comprehensive Income-697,000,000USD-883,000,000USD-763,000,000USD-886,000,000USD-841,000,000USD-637,000,000USD-624,000,000USD-742,000,000USD
    Common Stock Shares Outstanding305,100,000shares311,900,000shares318,900,000shares318,500,000shares241,800,000shares242,100,000shares246,900,000shares253,200,000shares
    Non Current Assets Total54,904,000,000USD54,762,000,000USD55,446,000,000USD56,117,000,000USD6,216,000,000USD6,549,000,000USD6,636,000,000USD5,854,000,000USD
    Non Current Liabilities Total17,411,000,000USD16,321,000,000USD16,364,000,000USD16,041,000,000USD5,675,000,000USD5,598,000,000USD5,451,000,000USD4,525,000,000USD
    Non Current Liabilities Other1,107,000,000USD815,000,000USD522,000,000USD1,246,000,000USD1,561,000,000USD1,488,000,000USD259,000,000USD229,000,000USD
    Non Currrent Assets Other864,000,000USD837,000,000USD774,000,000USD794,000,000USD758,000,000USD684,000,000USD641,000,000USD525,000,000USD
    Net Working Capital-1,341,000,000USD-933,000,000USD-982,000,000USD-332,000,000USD4,995,000,000USD2,401,000,000USD1,619,000,000USD975,000,000USD
    Unclassified Current Liabilities-718,000,000USD195,000,000USD74,000,000USD-110,000,000USD90,000,000USD84,000,000USD68,000,000USD-422,000,000USD
    Unclassified Non Current Liabilities3,934,000,000USD4,112,000,000USD4,430,000,000USD-4,734,000,000USD-1,069,000,000USD-944,000,000USD361,000,000USD-211,000,000USD
    Unclassified Equity7,436,000,000USD12,235,000,000USD15,405,000,000USD18,749,000,000USD737,000,000USD652,000,000USD609,000,000USD2,215,000,000USD
    Inventory——-922,000,000USD-1,196,000,000USD-1,650,000,000USD-1,593,000,000USD-1,577,000,000USD-1,449,000,000USD
    Deferred Long Term Liab———4,065,000,000USD————
    Other Liab———4,734,000,000USD1,069,000,000USD944,000,000USD883,000,000USD845,000,000USD
    Other Assets———580,000,000USD758,000,000USD591,000,000USD558,000,000USD425,000,000USD
    Net Tangible Assets———-13,196,000,000USD670,000,000USD-1,797,000,000USD-2,252,000,000USD-2,811,000,000USD
    Unclassified Non Current Assets———-580,000,000USD-923,000,000USD-591,000,000USD-558,000,000USD-425,000,000USD
    Accumulated Depreciation————-620,000,000USD-587,000,000USD-622,000,000USD-596,000,000USD
    Treasury Stock————-13,469,000,000USD-13,461,000,000USD-12,299,000,000USD-11,041,000,000USD
    Unclassified Current Assets———————-1,467,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Net Income2,828,000,000USD
    Depreciation615,000,000USD
    Stock Based Compensation95,000,000USD
    Deferred Income Tax-114,000,000USD
    Other Non Cash Items-82,000,000USD
    Unclassified Operating Cash Flow0USD
    Change To Account Receivables-92,000,000USD
    Change To Liabilities-645,000,000USD
    Change In Working Capital-866,000,000USD
    Operating Cash Flow2,476,000,000USD
    Capital Expenditures-65,000,000USD
    Net Investments-18,000,000USD
    Other Investing Activities335,000,000USD
    Unclassified Investing Cash Flow0USD
    Investing Cash Flow252,000,000USD
    Net Debt Issuance2,093,000,000USD
    Net Common Stock Issuance-1,500,000,000USD
    Common Dividends Paid-575,000,000USD
    Other Financing Activities-310,000,000USD
    Unclassified Financing Cash Flow0USD
    Financing Cash Flow-292,000,000USD
    Effect Of Forex Changes On Cash-40,000,000USD
    Change In Cash2,396,000,000USD
    End Cash Flow4,141,000,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Depreciation307,000,000USD297,000,000USD294,000,000USD295,000,000USD293,000,000USD302,000,000USD293,000,000USD291,000,000USD
    Stock Based Compensation39,000,000USD69,000,000USD75,000,000USD45,000,000USD47,000,000USD70,000,000USD95,000,000USD49,000,000USD
    Deferred Income Tax-50,000,000USD———————
    Other Non Cash Items-6,000,000USD-98,000,000USD-76,000,000USD195,000,000USD69,000,000USD188,000,000USD-133,000,000USD114,000,000USD
    Change To Account Receivables-131,000,000USD-28,000,000USD129,000,000USD121,000,000USD-222,000,000USD-267,000,000USD82,000,000USD291,000,000USD
    Change To Liabilities-675,000,000USD———————
    Change In Working Capital-463,000,000USD33,000,000USD274,000,000USD-175,000,000USD-564,000,000USD265,000,000USD253,000,000USD186,000,000USD
    Operating Cash Flow1,037,000,000USD———————
    Capital Expenditures-27,000,000USD-46,000,000USD-45,000,000USD-61,000,000USD-43,000,000USD-33,000,000USD-35,000,000USD-32,000,000USD
    Other Investing Activities-12,000,000USD———————
    Unclassified Investing Cash Flow330,000,000USD-2,025,000,000USD61,000,000USD55,000,000USD66,000,000USD26,000,000USD36,000,000USD39,000,000USD
    Investing Cash Flow291,000,000USD———————
    Net Debt Issuance236,000,000USD———————
    Net Common Stock Issuance-1,000,000,000USD———————
    Common Dividends Paid-288,000,000USD———————
    Unclassified Financing Cash Flow-185,000,000USD————48,000,000USD—-290,000,000USD
    Financing Cash Flow-1,237,000,000USD———————
    Effect Of Forex Changes On Cash-26,000,000USD———————
    Change In Cash65,000,000USD73,000,000USD-175,000,000USD378,000,000USD-197,000,000USD-31,000,000USD-342,000,000USD495,000,000USD
    End Cash Flow1,810,000,000USD———————
    Net Income—1,402,000,000USD1,087,000,000USD1,160,000,000USD1,171,000,000USD967,000,000USD1,046,000,000USD1,011,000,000USD
    Total Cash From Operating Activities—1,748,000,000USD1,505,000,000USD1,445,000,000USD953,000,000USD1,740,000,000USD1,445,000,000USD1,556,000,000USD
    Free Cash Flow—1,702,000,000USD1,460,000,000USD1,384,000,000USD910,000,000USD1,707,000,000USD1,410,000,000USD1,524,000,000USD
    Investments—17,000,000USD-101,000,000USD-52,000,000USD-79,000,000USD7,000,000USD57,000,000USD-299,000,000USD
    Total Cashflows From Investing Activities—-472,000,000USD-101,000,000USD-52,000,000USD-79,000,000USD7,000,000USD57,000,000USD-299,000,000USD
    Net Borrowings—1,708,000,000USD0USD0USD-4,000,000USD0USD0USD—
    Total Cash From Financing Activities—-1,202,000,000USD-1,566,000,000USD-1,059,000,000USD-1,103,000,000USD-1,718,000,000USD-1,875,000,000USD-748,000,000USD
    Dividends Paid—-290,000,000USD-291,000,000USD-294,000,000USD-295,000,000USD-280,000,000USD-282,000,000USD-286,000,000USD
    Sale Purchase Of Stock—-5,001,000,000USD1,301,000,000USD-651,000,000USD-650,000,000USD-1,364,000,000USD-1,501,000,000USD-4,000,000USD
    Begin Period Cash Flow—1,672,000,000USD1,847,000,000USD1,469,000,000USD1,666,000,000USD1,697,000,000USD2,039,000,000USD1,544,000,000USD
    End Period Cash Flow—1,745,000,000USD1,672,000,000USD1,847,000,000USD1,469,000,000USD1,666,000,000USD1,697,000,000USD2,039,000,000USD
    Other Cashflows From Investing Activities—1,582,000,000USD-16,000,000USD6,000,000USD-23,000,000USD7,000,000USD-1,000,000USD-7,000,000USD
    Other Cashflows From Financing Activities—2,381,000,000USD-2,576,000,000USD-114,000,000USD-154,000,000USD-122,000,000USD-92,000,000USD-168,000,000USD
    Unclassified Operating Cash Flow—45,000,000USD-149,000,000USD-75,000,000USD-63,000,000USD-52,000,000USD-109,000,000USD-95,000,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income4,820,000,000USD3,852,000,000USD2,893,000,000USD3,522,000,000USD3,263,000,000USD2,534,000,000USD2,303,000,000USD2,121,000,000USD
    Depreciation1,179,000,000USD1,173,000,000USD1,143,000,000USD1,013,000,000USD178,000,000USD206,000,000USD204,000,000USD206,000,000USD
    Stock Based Compensation236,000,000USD247,000,000USD171,000,000USD214,000,000USD122,000,000USD90,000,000USD78,000,000USD94,000,000USD
    Other Non Cash Items90,000,000USD505,000,000USD344,000,000USD-1,719,000,000USD92,000,000USD521,000,000USD146,000,000USD74,000,000USD
    Change To Account Receivables-600,000,000USD-79,000,000USD-291,000,000USD36,000,000USD-144,000,000USD18,000,000USD-135,000,000USD-164,000,000USD
    Change In Working Capital-432,000,000USD235,000,000USD-460,000,000USD-74,000,000USD-70,000,000USD247,000,000USD-1,000,000USD-512,000,000USD
    Total Cash From Operating Activities5,651,000,000USD5,689,000,000USD3,710,000,000USD2,603,000,000USD3,598,000,000USD3,567,000,000USD2,776,000,000USD2,064,000,000USD
    Capital Expenditures-195,000,000USD-124,000,000USD-143,000,000USD-89,000,000USD-35,000,000USD-76,000,000USD-115,000,000USD-113,000,000USD
    Free Cash Flow5,456,000,000USD5,565,000,000USD3,567,000,000USD2,514,000,000USD3,563,000,000USD3,491,000,000USD2,661,000,000USD1,951,000,000USD
    Investments-35,000,000USD-255,000,000USD546,000,000USD-2,000,000USD-120,000,000USD19,000,000USD-10,000,000USD-5,000,000USD
    Total Cashflows From Investing Activities-704,000,000USD-255,000,000USD562,000,000USD3,628,000,000USD-120,000,000USD-240,000,000USD-131,000,000USD-513,000,000USD
    Net Borrowings1,704,000,000USD-47,000,000USD556,000,000USD1,665,000,000USD1,665,000,000USD-118,000,000USD1,086,000,000USD489,000,000USD
    Total Cash From Financing Activities-4,930,000,000USD-4,998,000,000USD-4,280,000,000USD-11,326,000,000USD-1,013,000,000USD-2,166,000,000USD-1,751,000,000USD-2,288,000,000USD
    Dividends Paid-1,170,000,000USD-1,134,000,000USD-1,147,000,000USD-1,024,000,000USD-743,000,000USD-645,000,000USD-560,000,000USD-503,000,000USD
    Sale Purchase Of Stock-5,001,000,000USD-3,301,000,000USD-3,301,000,000USD-12,004,000,000USD-8,503,000,000USD-1,164,000,000USD-1,240,000,000USD-1,660,000,000USD
    Change In Cash79,000,000USD375,000,000USD4,000,000USD-5,218,000,000USD2,383,000,000USD1,236,000,000USD928,000,000USD-821,000,000USD
    Begin Period Cash Flow1,666,000,000USD1,291,000,000USD1,287,000,000USD6,505,000,000USD4,122,000,000USD2,886,000,000USD1,958,000,000USD2,779,000,000USD
    End Period Cash Flow1,745,000,000USD1,666,000,000USD1,291,000,000USD1,287,000,000USD6,505,000,000USD4,122,000,000USD2,886,000,000USD1,958,000,000USD
    Other Cashflows From Investing Activities1,549,000,000USD6,000,000USD-13,000,000USD3,719,000,000USD-83,000,000USD-183,000,000USD-6,000,000USD1,000,000USD
    Other Cashflows From Financing Activities-463,000,000USD-516,000,000USD-388,000,000USD5,432,000,000USD-270,000,000USD-194,000,000USD-143,000,000USD-211,000,000USD
    Unclassified Operating Cash Flow-242,000,000USD-323,000,000USD-381,000,000USD-353,000,000USD——46,000,000USD81,000,000USD
    Unclassified Investing Cash Flow-2,023,000,000USD118,000,000USD172,000,000USD—118,000,000USD——-396,000,000USD
    Change To Inventory——-762,000,000USD—106,000,000USD-150,000,000USD62,000,000USD162,000,000USD
    Change To Liabilities———-94,000,000USD-43,000,000USD115,000,000USD-24,000,000USD-179,000,000USD
    Cash And Cash Equivalents Changes———-5,095,000,000USD2,465,000,000USD1,161,000,000USD894,000,000USD-737,000,000USD
    Unclassified Financing Cash Flow———-5,395,000,000USD6,838,000,000USD-45,000,000USD-894,000,000USD-403,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    Indices ETF Average AUM

    Period endPeriodValueUnitSource
    2026-06-30quarterly6.046USD trillionsDisclosure

    Indices ETF Ending AUM

    Period endPeriodValueUnitSource
    2026-06-30instant6.35USD trillionsDisclosure

    Ratings High-Yield Billed Issuance

    Period endPeriodValueUnitSource
    2026-06-30quarterly169USD billionsDisclosure

    Ratings Investment-Grade Billed Issuance

    Period endPeriodValueUnitSource
    2026-06-30quarterly539USD billionsDisclosure

    Ratings Other Billed Issuance

    Period endPeriodValueUnitSource
    2026-06-30quarterly560USD billionsDisclosure

    Ratings Total Billed Issuance

    Period endPeriodValueUnitSource
    2026-06-30quarterly1,268USD billionsDisclosure

    Remaining Performance Obligations

    Period endPeriodValueUnitSource
    2026-06-30instant5.8USD billionsDisclosure

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30GeographyAsia440,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30GeographyEurope952,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30GeographyRest of World224,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30GeographyUnited States2,530,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductAsset Linked Fees348,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductNon Subscription Transaction895,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductNon Transaction540,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductRecurring Variable Revenue173,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductSales Usage Based Royalties126,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductSubscription2,064,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyAsia430,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyEurope895,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyRest of World221,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyUnited States2,625,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductAsset Linked Fees339,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductNon Subscription Transaction978,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductNon Transaction538,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductRecurring Variable Revenue169,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductSales Usage Based Royalties133,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductSubscription2,014,000,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31GeographyAsia420,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31GeographyEurope934,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31GeographyRest of World213,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31GeographyUnited States2,349,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductAsset Linked Fees329,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductNon Subscription Transaction737,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductNon Transaction550,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductRecurring Variable Revenue157,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductSales Usage Based Royalties116,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductSubscription2,027,000,000USDLegacy provider
    FY 2025Yearly · 2025-12-31GeographyAsia1,640,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31GeographyEurope3,531,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31GeographyRest of World843,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31GeographyUnited States9,322,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31ProductAsset Linked Fees1,206,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31ProductNon Subscription Transaction3,144,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31ProductNon Transaction2,054,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31ProductRecurring Variable Revenue623,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31ProductSales Usage Based Royalties444,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31ProductSubscription7,865,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30GeographyAsia430,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30GeographyEurope885,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30GeographyRest of World211,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30GeographyUnited States2,362,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductAsset Linked Fees303,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductNon Subscription Transaction812,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductNon Transaction521,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductRecurring Variable Revenue158,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductSales Usage Based Royalties108,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductSubscription1,986,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30GeographyAsia408,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30GeographyEurope863,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30GeographyRest of World215,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30GeographyUnited States2,269,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductAsset Linked Fees286,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductNon Subscription Transaction745,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductNon Transaction502,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductRecurring Variable Revenue158,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductSales Usage Based Royalties110,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductSubscription1,954,000,000USDDisclosure
    Q4 2024Quarterly · 2024-12-31GeographyAsia379,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyEurope848,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyRest of World203,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyUnited States2,163,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductAsset Linked Fees291,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductNon Subscription Transaction680,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductNon Transaction494,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductRecurring Variable Revenue149,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductSales Usage Based Royalties96,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductSubscription1,883,000,000USDLegacy provider
    FY 2024Yearly · 2024-12-31GeographyAsia1,491,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31GeographyEurope3,256,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31GeographyRest of World821,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31GeographyUnited States8,640,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31ProductAsset Linked Fees1,046,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31ProductNon Subscription Transaction2,986,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31ProductNon Transaction1,858,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31ProductRecurring Variable Revenue579,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31ProductSales Usage Based Royalties393,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31ProductSubscription7,346,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30GeographyAsia388,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30GeographyEurope802,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30GeographyRest of World209,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30GeographyUnited States2,176,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30ProductAsset Linked Fees266,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30ProductNon Subscription Transaction735,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30ProductNon Transaction466,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30ProductRecurring Variable Revenue142,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30ProductSales Usage Based Royalties102,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30ProductSubscription1,864,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30GeographyAsia368,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30GeographyEurope830,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30GeographyRest of World200,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30GeographyUnited States2,151,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30ProductAsset Linked Fees245,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30ProductNon Subscription Transaction777,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30ProductNon Transaction463,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30ProductRecurring Variable Revenue147,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30ProductSales Usage Based Royalties96,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30ProductSubscription1,821,000,000USDDisclosure

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.