S&P Global (SPGI) EBITDA Margin (2009 - 2026)
S&P Global (SPGI) reported EBITDA Margin of 48.74% for Q1 2026, up 630.0% on a YoY basis from 6.68% in Q1 2025, and up 11.95% quarter-over-quarter from 43.54% in Q4 2025.
S&P Global (SPGI) EBITDA Margin (2009 - 2026) Analysis & Trends
S&P Global has reported EBITDA Margin for 18 years, with the latest figure at 48.74% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin rose 630.0% year-over-year to 48.74%; the trailing twelve-month figure through Mar 2026 stood at 44.62% (up 411.0% YoY), and the FY2025 full-year result was 42.96%, up 301.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 48.74%, up from 43.54% in the prior quarter.
- The five-year high for EBITDA Margin was 80.28% in Q1 2022, with the low at 24.89% in Q4 2022.
- Historically, EBITDA Margin has averaged 41.12% across 5 years, with a median of 40.73% in 2024.
- Annual changes were most pronounced in 2022 — EBITDA Margin soared 2572 bps — and 2023, when it slumped 4329 bps.
- S&P Global's EBITDA Margin stood at 24.89% in 2022, then increased by 17 bps to 29.19% in 2023, then advanced by 27 bps to 37.17% in 2024, then rose by 17 bps to 43.54% in 2025, then grew by 12 bps to 48.74% in 2026.
- The last three EBITDA Margin figures came in at 48.74% (Q1 2026), 43.54% (Q4 2025), and 43.8% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 48.74% |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 71.11% |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 44.35% |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 55.93% |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 30.74% |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | -1.52% |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 54.40% |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 40.55% |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 19.65% |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | 30.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.74% |
| Dec 31, 2025 | 43.54% |
| Sep 30, 2025 | 43.80% |
| Jun 30, 2025 | 42.00% |
| Mar 31, 2025 | 42.44% |
| Dec 31, 2024 | 37.17% |
| Sep 30, 2024 | 40.73% |
| Jun 30, 2024 | 41.62% |
| Mar 31, 2024 | 40.33% |
| Dec 31, 2023 | 29.19% |
| Sep 30, 2023 | 35.54% |
| Jun 30, 2023 | 30.15% |
| Mar 31, 2023 | 36.99% |
| Dec 31, 2022 | 24.89% |
| Sep 30, 2022 | 30.90% |
| Jun 30, 2022 | 50.72% |
| Mar 31, 2022 | 80.28% |
| Dec 31, 2021 | 44.20% |
| Sep 30, 2021 | 52.85% |
| Jun 30, 2021 | 55.89% |