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| 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 |