SPGI Q4 2025 Earnings — S&P Global Inc. Revenue & Financial Results | Market Cap Arena

SPGIS&P Global Inc.

$132B

Q4 2025 Earnings

Financial Services Financial - Data & Stock Exchanges

Income Statement

Revenue

$3.9B+9.0% YoY

Gross Profit

$2.7B70.1% margin

Operating Income

$1.7B42.7% margin

Net Income

$1.1B29.0% margin

EPS (Diluted)

$3.75

QoQ Revenue Growth

+0.7%

Cash Flow

Operating Cash Flow

$1.7B

Free Cash Flow

$1.7B

Stock-Based Comp.

$69M

Balance Sheet

Total Assets

$61.2B

Total Liabilities

$25.0B

Stockholders' Equity

$31.2B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.9B	$3.6B	+9.0%
Gross Profit	$2.7B	$2.5B	+10.8%
Operating Income	$1.7B	$1.3B	+27.9%
Net Income	$1.1B	$880M	+28.9%

Revenue Segments

Ratings Segment

$1.1B57%

Market Intelligence Segment

$471M24%

Indices Segment

$369M19%

Geographic Segments

UNITED STATES

$2.3B60%

Europe

$934M24%

Asia

$420M11%

Rest Of World

$213M5%