S&P Global (SPGI) Cost of Revenue (2009 - 2026)

S&P Global (SPGI) reported Cost of Revenue of $1.2 billion for Q1 2026, up 7.11% on a YoY basis from $1.2 billion in Q1 2025, and up 5.56% quarter-over-quarter from $1.2 billion in Q4 2025.

S&P Global (SPGI) Cost of Revenue (2009 - 2026) Analysis & Trends

S&P Global has reported Cost of Revenue for 18 years, with the latest figure 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.
  • The five-year high for Cost of Revenue was $1.2 billion in Q1 2026, with the low at $749.0 million in Q1 2022.
  • Historically, Cost of Revenue has averaged $1.1 billion across 5 years, with a median of $1.1 billion in 2024.
  • Annual changes were most pronounced in 2022 — Cost of Revenue soared 88.93% — and 2023, when it gained 0.61%.
  • S&P Global's Cost of Revenue stood at $1.0 billion in 2022, then advanced by 2.38% to $1.0 billion in 2023, then advanced by 7.27% to $1.1 billion in 2024, then climbed by 5.69% to $1.2 billion in 2025, then rose 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 122.27 Bn 125.38 Bn 2.94 Bn 1.24 Bn
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 52.50 Mn
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn 531.00 Mn
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - -
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn 730.00 Mn
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn 83.91 Mn
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn 85.70 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 5.80 Mn
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn 519.50 Mn
10 Factset Research Systems 8.21 Bn 7.92 Bn 314.28 Mn 296.74 Mn

Historic Data

Download Data
DateValue
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