S&P Global (SPGI) EBT Margin (2009 - 2026)
S&P Global's (SPGI) quarterly EBT Margin came in at 41.7% in Q2 2026, up 170.0% on a YoY basis from 15.45% in Q2 2025, and down 8.84% quarter-over-quarter from 45.74% in Q1 2026.
Analysis
S&P Global (SPGI) EBT Margin (2009 - 2026) Analysis & Trends
S&P Global (SPGI) has reported EBT Margin for 18 consecutive years, with 41.7% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT Margin rose 170.0% year-over-year to 41.7%; the trailing twelve-month figure through Jun 2026 stood at 42.59% (up 441.0% YoY), and the FY2025 full-year result was 40.6%, up 324.0% from the prior year.
- EBT Margin retreated to 41.7% in Q2 2026 per SPGI's latest filing, from 45.74% in the prior quarter.
- Across five years, EBT Margin topped out at 78.15% in Q1 2022 and bottomed at 21.14% in Q4 2022.
- Historically, EBT Margin has averaged 38.41% across 5 years, with a median of 38.43% in 2024.
- The sharpest annual moves came in 2022 and 2023: EBT Margin soared 2577 bps in 2022, then tumbled 4499 bps in 2023.
- Over 5 years, EBT Margin stood at 21.14% in 2022, then increased by 19 bps to 25.19% in 2023, then soared by 39 bps to 34.91% in 2024, then gained by 19 bps to 41.65% in 2025, then grew by 0 bps to 41.7% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 41.7%, 45.74%, and 41.65% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 130.73 Bn | 131.62 Bn | 2.98 Bn | 41.70% |
| 2 | Moodys | 85.51 Bn | 84.15 Bn | 1.67 Bn | 53.59% |
| 3 | Msci | 41.67 Bn | 41.32 Bn | 717.10 Mn | 48.13% |
| 4 | Verisk Analytics | 24.18 Bn | 23.63 Bn | 572.90 Mn | 37.63% |
| 5 | Factset Research Systems | 10.80 Bn | 10.50 Bn | 310.73 Mn | 24.74% |
| 6 | Morningstar | 7.86 Bn | 7.33 Bn | 423.90 Mn | 22.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.70% |
| Mar 31, 2026 | 45.74% |
| Dec 31, 2025 | 41.65% |
| Sep 30, 2025 | 41.10% |
| Jun 30, 2025 | 40.00% |
| Mar 31, 2025 | 39.61% |
| Dec 31, 2024 | 34.91% |
| Sep 30, 2024 | 38.04% |
| Jun 30, 2024 | 38.83% |
| Mar 31, 2024 | 37.70% |
| Dec 31, 2023 | 25.19% |
| Sep 30, 2023 | 32.26% |
| Jun 30, 2023 | 26.89% |
| Mar 31, 2023 | 33.16% |
| Dec 31, 2022 | 21.14% |
| Sep 30, 2022 | 28.77% |
| Jun 30, 2022 | 46.48% |
| Mar 31, 2022 | 78.15% |
| Dec 31, 2021 | 42.62% |
| Sep 30, 2021 | 51.46% |