S&P Global Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 8.30B | 11.18B | 12.50B | 14.21B | 15.34B | 7.9% | |
| Cost of Revenue | (2.18B) | (3.75B) | (4.14B) | (4.39B) | (4.56B) | 3.9% | |
Gross Profit | 6.12B | 7.43B | 8.36B | 9.82B | 10.77B | 9.7% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (1.73B) | (3.40B) | (3.16B) | (3.17B) | (3.42B) | 7.9% | |
| Depreciation & Amortization | (178.00M) | (1.01B) | (1.14B) | (1.17B) | (1.18B) | 0.5% | |
Operating Income (EBIT) | 4.22B | 4.94B | 4.02B | 5.58B | 6.48B | 16.1% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | — | — | |
| Interest Expense | (119.00M) | (304.00M) | (334.00M) | (297.00M) | (287.00M) | -3.4% | |
| Other Income/Expenses (Net) | -57.00M | -242.00M | -349.00M | -272.00M | -251.00M | -7.7% | |
Income Before Tax | 4.16B | 4.70B | 3.67B | 5.31B | 6.23B | 17.3% | |
| Income Tax Expense | (901.00M) | (1.18B) | (778.00M) | (1.14B) | (1.41B) | 23.3% | |
Net Income | 3.02B | 3.25B | 2.63B | 3.85B | 4.47B | 16.1% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $13 | $10 | $8 | $12 | $15 | 18.7% | |
| Weighted Avg Shares Outstanding | 240.80M | 316.90M | 318.40M | 311.60M | 304.80M | -2.2% | |
| Weighted Avg Shares Outstanding (Diluted) | 241.80M | 318.50M | 318.90M | 311.90M | 305.10M | -2.2% | |
EBITDA | 4.46B | 6.02B | 5.15B | 6.78B | 7.69B | 13.5% |
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SPGI in the Financial Services
Large Cap