S&P Global (SPGI) Cash from Operations (2009 - 2026)
S&P Global's (SPGI) quarterly Cash from Operations came in at $1.4 billion in Q2 2026, little changed on a YoY basis from $1.4 billion in Q2 2025, and up 38.77% quarter-over-quarter from $1.0 billion in Q1 2026.
Analysis
S&P Global (SPGI) Cash from Operations (2009 - 2026) Analysis & Trends
S&P Global (SPGI) has reported Cash from Operations for 18 consecutive years, with $1.4 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cash from Operations changed 0.42% year-over-year to $1.4 billion; the trailing twelve-month figure through Jun 2026 stood at $5.7 billion (up 2.62% YoY), and the FY2025 full-year result was $5.7 billion, down 0.67% from the prior year.
- Cash from Operations improved to $1.4 billion in Q2 2026 per SPGI's latest filing, from $1.0 billion in the prior quarter.
- Across five years, Cash from Operations topped out at $1.7 billion in Q4 2025 and bottomed at $222.0 million in Q1 2022.
- Historically, Cash from Operations has averaged $1.1 billion across 5 years, with a median of $1.1 billion in 2022.
- The sharpest annual moves came in 2022 and 2023: Cash from Operations tumbled 71.09% in 2022, then jumped 167.57% in 2023.
- Over 5 years, Cash from Operations stood at $1.1 billion in 2022, then climbed by 19.86% to $1.3 billion in 2023, then surged by 30.43% to $1.7 billion in 2024, then advanced by 0.46% to $1.7 billion in 2025, then fell by 17.68% to $1.4 billion in 2026.
- According to Business Quant data, Cash from Operations over the past three periods registered $1.4 billion, $1.0 billion, and $1.7 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 121.34 Bn | 117.20 Bn | 2.98 Bn | 1.44 Bn |
| 2 | Moodys | 81.34 Bn | 79.84 Bn | 1.67 Bn | 779.00 Mn |
| 3 | Msci | 39.85 Bn | 39.49 Bn | 717.10 Mn | 370.80 Mn |
| 4 | Verisk Analytics | 22.97 Bn | 22.42 Bn | 572.90 Mn | 366.00 Mn |
| 5 | Factset Research Systems | 9.48 Bn | 9.17 Bn | 310.73 Mn | 284.52 Mn |
| 6 | Morningstar | 7.30 Bn | 6.77 Bn | 423.90 Mn | 155.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.44 Bn |
| Mar 31, 2026 | 1.04 Bn |
| Dec 31, 2025 | 1.75 Bn |
| Sep 30, 2025 | 1.51 Bn |
| Jun 30, 2025 | 1.45 Bn |
| Mar 31, 2025 | 953.00 Mn |
| Dec 31, 2024 | 1.74 Bn |
| Sep 30, 2024 | 1.45 Bn |
| Jun 30, 2024 | 1.56 Bn |
| Mar 31, 2024 | 948.00 Mn |
| Dec 31, 2023 | 1.33 Bn |
| Sep 30, 2023 | 1.01 Bn |
| Jun 30, 2023 | 769.00 Mn |
| Mar 31, 2023 | 594.00 Mn |
| Dec 31, 2022 | 1.11 Bn |
| Sep 30, 2022 | 814.00 Mn |
| Jun 30, 2022 | 454.00 Mn |
| Mar 31, 2022 | 222.00 Mn |
| Dec 31, 2021 | 940.00 Mn |
| Sep 30, 2021 | 967.00 Mn |