S&P Global (SPGI) Cost of Revenue (2009 - 2026)
S&P Global (SPGI) posted Cost of Revenue of $1.2 billion for Q1 2026, up 5.56% on a QoQ basis from $1.2 billion in Q4 2025, and up 7.11% year-over-year from $1.2 billion in Q1 2025.
S&P Global (SPGI) Cost of Revenue (2009 - 2026) Analysis & Trends
S&P Global's Cost of Revenue history runs 18 years deep, the most recent figure standing at $1.2 billion for Q1 2026.
- Quarterly Cost of Revenue rose 7.11% year-over-year to $1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.6 billion (up 5.5% YoY) and the FY2025 annual result came in at $4.6 billion, up 4.63% from the prior year.
- Cost of Revenue was $1.2 billion for Q1 2026 at S&P Global, 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.
- A 5-year average of $1.1 billion and a median of $1.1 billion in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 88.93% — and 2023, when it grew 0.61%.
- S&P Global's Cost of Revenue stood at $1.0 billion in 2022, then grew by 2.38% to $1.0 billion in 2023, then grew by 7.27% to $1.1 billion in 2024, then increased by 5.69% to $1.2 billion in 2025, then advanced by 5.56% to $1.2 billion in 2026.
- Business Quant data shows SPGI's Cost of Revenue at $1.2 billion in Q1 2026, $1.2 billion in Q4 2025, and $1.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Bit Origin | 1,110.84 Bn | 1,110.84 Bn | - | - |
| 2 | S&P Global | 130.72 Bn | 128.91 Bn | 2.94 Bn | 1.24 Bn |
| 3 | Cme | 92.16 Bn | 92.16 Bn | 1.65 Bn | 59.90 Mn |
| 4 | Moodys | 84.72 Bn | 83.22 Bn | 1.67 Bn | 518.00 Mn |
| 5 | Intercontinental Exchange | 84.12 Bn | 82.38 Bn | - | - |
| 6 | Nasdaq | 53.10 Bn | 52.38 Bn | 1.50 Bn | 1.03 Bn |
| 7 | Coinbase Global | 44.25 Bn | 33.81 Bn | 1.33 Bn | 83.91 Mn |
| 8 | Msci | 41.65 Bn | 41.29 Bn | 717.10 Mn | 149.90 Mn |
| 9 | Cboe Global Markets | 30.13 Bn | 27.96 Bn | 728.90 Mn | 5.80 Mn |
| 10 | TransUnion | 14.77 Bn | 14.04 Bn | 726.20 Mn | 519.50 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 |