S&P Global (SPGI) Cost of Revenue (2009 - 2026)
S&P Global posted quarterly Cost of Revenue of $1.2 billion for Q1 2026, up 7.11% year-on-year from $1.2 billion in Q1 2025, and up 5.56% on a QoQ basis from $1.2 billion in Q4 2025.
S&P Global (SPGI) has 18 years of Cost of Revenue data on file, last reported at $1.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 7.11% year-over-year to $1.2 billion; the trailing twelve-month figure through Mar 2026 stood at $4.6 billion (up 5.5% YoY), and the FY2025 full-year result was $4.6 billion, up 4.63% from the prior year.
- Cost of Revenue for Q1 2026 stood at $1.2 billion, up from $1.2 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.2 billion in Q1 2026 and bottomed at $749.0 million in Q1 2022.
- The 5-year median for Cost of Revenue is $1.1 billion (2024), against an average of $1.1 billion.
- The widest annual swing landed in 2022, when Cost of Revenue soared 88.93%; it then gained 0.61% in 2023.
- A 5-year view of Cost of Revenue shows it stood at $1.0 billion in 2022, then climbed by 2.38% to $1.0 billion in 2023, then climbed by 7.27% to $1.1 billion in 2024, then grew by 5.69% to $1.2 billion in 2025, then gained by 5.56% to $1.2 billion in 2026.
- The last three Cost of Revenue figures came in at $1.2 billion (Q1 2026), $1.2 billion (Q4 2025), and $1.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 1.24 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 52.50 Mn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | - |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 531.00 Mn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 730.00 Mn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 83.91 Mn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 85.70 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 5.80 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 519.50 Mn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 296.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.24 Bn |
| Mar 31, 2026 | 1.24 Bn |
| Dec 31, 2025 | 1.17 Bn |
| Dec 31, 2025 | 1.17 Bn |
| Sep 30, 2025 | 1.12 Bn |
| Sep 30, 2025 | 1.12 Bn |
| Jun 30, 2025 | 1.12 Bn |
| Jun 30, 2025 | 1.12 Bn |
| Mar 31, 2025 | 1.15 Bn |
| Mar 31, 2025 | 1.15 Bn |
| Dec 31, 2024 | 1.11 Bn |
| Dec 31, 2024 | 1.11 Bn |
| Sep 30, 2024 | 1.07 Bn |
| Sep 30, 2024 | 1.07 Bn |
| Jun 30, 2024 | 1.08 Bn |
| Jun 30, 2024 | 1.08 Bn |
| Mar 31, 2024 | 1.11 Bn |
| Mar 31, 2024 | 1.11 Bn |
| Dec 31, 2023 | 1.03 Bn |
| Dec 31, 2023 | 1.03 Bn |
| Sep 30, 2023 | 995.00 Mn |
| Sep 30, 2023 | 995.00 Mn |
| Jun 30, 2023 | 1.03 Bn |
| Jun 30, 2023 | 1.03 Bn |
| Mar 31, 2023 | 1.09 Bn |
| Mar 31, 2023 | 1.09 Bn |
| Dec 31, 2022 | 1.01 Bn |
| Dec 31, 2022 | 1.01 Bn |
| Sep 30, 2022 | 989.00 Mn |
| Sep 30, 2022 | 989.00 Mn |
| Jun 30, 2022 | 1.01 Bn |
| Jun 30, 2022 | 1.01 Bn |
| Mar 31, 2022 | 749.00 Mn |
| Mar 31, 2022 | 749.00 Mn |
| Dec 31, 2021 | 582.00 Mn |
| Dec 31, 2021 | 582.00 Mn |
| Sep 30, 2021 | 543.00 Mn |
| Sep 30, 2021 | 543.00 Mn |
| Jun 30, 2021 | 533.00 Mn |
| Jun 30, 2021 | 533.00 Mn |
| Mar 31, 2021 | 527.00 Mn |
| Mar 31, 2021 | 527.00 Mn |
| Dec 31, 2020 | 566.00 Mn |
| Dec 31, 2020 | 566.00 Mn |
| Sep 30, 2020 | 517.00 Mn |
| Sep 30, 2020 | 517.00 Mn |
| Jun 30, 2020 | 493.00 Mn |
| Jun 30, 2020 | 493.00 Mn |
| Mar 31, 2020 | 518.00 Mn |
| Mar 31, 2020 | 518.00 Mn |
| Dec 31, 2019 | 516.00 Mn |
| Dec 31, 2019 | 516.00 Mn |
| Sep 30, 2019 | 480.00 Mn |
| Sep 30, 2019 | 480.00 Mn |
| Jun 30, 2019 | 471.00 Mn |
| Jun 30, 2019 | 471.00 Mn |
| Mar 31, 2019 | 473.00 Mn |
| Mar 31, 2019 | 473.00 Mn |
| Dec 31, 2018 | 551.00 Mn |
| Dec 31, 2018 | 551.00 Mn |
| Sep 30, 2018 | 410.00 Mn |
| Sep 30, 2018 | 410.00 Mn |
| Jun 30, 2018 | 441.00 Mn |
| Jun 30, 2018 | 441.00 Mn |
| Mar 31, 2018 | 430.00 Mn |
| Mar 31, 2018 | 430.00 Mn |
| Dec 31, 2017 | 432.00 Mn |
| Dec 31, 2017 | 432.00 Mn |
| Sep 30, 2017 | 419.00 Mn |
| Sep 30, 2017 | 419.00 Mn |
| Jun 30, 2017 | 432.00 Mn |
| Jun 30, 2017 | 432.00 Mn |
| Mar 31, 2017 | 411.00 Mn |
| Mar 31, 2017 | 411.00 Mn |
| Dec 31, 2016 | 421.00 Mn |
| Dec 31, 2016 | 421.00 Mn |
| Sep 30, 2016 | 431.00 Mn |
| Sep 30, 2016 | 431.00 Mn |
| Jun 30, 2016 | 469.00 Mn |
| Jun 30, 2016 | 469.00 Mn |
| Mar 31, 2016 | 453.00 Mn |
| Mar 31, 2016 | 453.00 Mn |
| Dec 31, 2015 | 477.00 Mn |
| Dec 31, 2015 | 477.00 Mn |
| Sep 30, 2015 | 419.00 Mn |
| Sep 30, 2015 | 419.00 Mn |
| Jun 30, 2015 | 412.00 Mn |
| Jun 30, 2015 | 412.00 Mn |
| Mar 31, 2015 | 410.00 Mn |
| Mar 31, 2015 | 410.00 Mn |
| Dec 31, 2014 | 446.00 Mn |
| Dec 31, 2014 | 446.00 Mn |
| Sep 30, 2014 | 402.00 Mn |
| Sep 30, 2014 | 402.00 Mn |
| Jun 30, 2014 | 407.00 Mn |
| Jun 30, 2014 | 407.00 Mn |
| Mar 31, 2014 | 396.00 Mn |
| Mar 31, 2014 | 396.00 Mn |
| Dec 31, 2013 | 450.00 Mn |
| Dec 31, 2013 | 450.00 Mn |
| Sep 30, 2013 | 371.00 Mn |
| Sep 30, 2013 | 371.00 Mn |
| Jun 30, 2013 | 395.00 Mn |
| Jun 30, 2013 | 395.00 Mn |
| Mar 31, 2013 | 374.00 Mn |
| Mar 31, 2013 | 374.00 Mn |
| Dec 31, 2012 | 353.00 Mn |
| Dec 31, 2012 | 353.00 Mn |
| Sep 30, 2012 | 367.00 Mn |
| Sep 30, 2012 | 367.00 Mn |
| Jun 30, 2012 | 351.00 Mn |
| Jun 30, 2012 | 351.00 Mn |
| Mar 31, 2012 | 361.00 Mn |
| Mar 31, 2012 | 361.00 Mn |
| Dec 31, 2011 | 601.00 Mn |
| Dec 31, 2011 | 601.00 Mn |
| Sep 30, 2011 | 711.00 Mn |
| Sep 30, 2011 | 711.00 Mn |
| Jun 30, 2011 | 239.00 Mn |
| Jun 30, 2011 | 239.00 Mn |
| Mar 31, 2011 | 173.00 Mn |
| Mar 31, 2011 | 173.00 Mn |
| Dec 31, 2010 | 365.60 Mn |
| Dec 31, 2010 | 365.60 Mn |
| Sep 30, 2010 | 299.60 Mn |
| Sep 30, 2010 | 299.60 Mn |
| Jun 30, 2010 | 560.90 Mn |
| Jun 30, 2010 | 560.90 Mn |
| Mar 31, 2010 | 476.20 Mn |
| Mar 31, 2010 | 476.20 Mn |
| Dec 31, 2009 | 280.59 Mn |
| Dec 31, 2009 | 280.59 Mn |
| Sep 30, 2009 | 438.41 Mn |
| Sep 30, 2009 | 438.41 Mn |
| Jun 30, 2009 | 582.51 Mn |
| Jun 30, 2009 | 582.51 Mn |
| Mar 31, 2009 | 174.27 Mn |
| Mar 31, 2009 | 174.27 Mn |