S&P Global (SPGI) Cost of Revenue (2009 - 2026)
S&P Global's (SPGI) quarterly Cost of Revenue came in at $1.2 billion in Q2 2026, up 4.11% YoY from $1.1 billion in Q2 2025, and down 5.67% on a QoQ basis from $1.2 billion in Q1 2026.
S&P Global (SPGI) Cost of Revenue (2009 - 2026) Analysis & Trends
S&P Global (SPGI) has 18 years of Cost of Revenue data on file, last reported at $1.2 billion in Q2 2026.
- Quarterly Cost of Revenue rose 4.11% year-over-year to $1.2 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.7 billion (up 5.56% YoY) and the FY2025 annual result came in at $4.6 billion, up 4.63% from the prior year.
- Cost of Revenue eased to $1.2 billion in Q2 2026, from $1.2 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.2 billion in Q1 2026 to a low of $749.0 million in Q1 2022.
- A 5-year average of $1.1 billion and a median of $1.1 billion in 2023 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 gained 0.61%.
- Tracing SPGI's Cost of Revenue over 5 years: 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 slipped by 0.43% to $1.2 billion in 2026.
- The last three Cost of Revenue figures came in at $1.2 billion (Q2 2026), $1.2 billion (Q1 2026), and $1.2 billion (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 1.17 Bn |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 59.90 Mn |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | - |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 518.00 Mn |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 1.03 Bn |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | 59.69 Mn |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 149.90 Mn |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | 711.20 Mn |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 544.60 Mn |
| 10 | Factset Research Systems | 10.82 Bn | 10.52 Bn | 310.73 Mn | 312.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.17 Bn |
| Jun 30, 2026 | 1.17 Bn |
| 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 |