Growth Metrics

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 🔒
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
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