S&P Global (SPGI) FCF Margin (2009 - 2026)
S&P Global's (SPGI) quarterly FCF Margin came in at 33.79% in Q2 2026, down 307.0% YoY from 16.32% in Q2 2025, and up 39.55% on a QoQ basis from 24.21% in Q1 2026.
S&P Global (SPGI) FCF Margin (2009 - 2026) Analysis & Trends
S&P Global (SPGI) has 18 years of FCF Margin data on file, last reported at 33.79% in Q2 2026.
- Quarterly FCF Margin fell 307.0% year-over-year to 33.79% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 34.57% (down 224.0% YoY) and the FY2025 annual result came in at 35.58%, down 359.0% from the prior year.
- FCF Margin grew to 33.79% in Q2 2026, from 24.21% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 47.52% in Q4 2024 to a low of 8.62% in Q1 2022.
- A 5-year average of 31.01% and a median of 32.74% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin slumped 2913 bps — and 2024, when it soared 1914 bps.
- Tracing SPGI's FCF Margin over 5 years: stood at 36.94% in 2022, then grew by 10 bps to 40.8% in 2023, then gained by 16 bps to 47.52% in 2024, then dropped by 9 bps to 43.46% in 2025, then fell by 22 bps to 33.79% in 2026.
- The last three FCF Margin figures came in at 33.79% (Q2 2026), 24.21% (Q1 2026), and 43.46% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.61 Bn | 123.47 Bn | 2.98 Bn | 33.79% |
| 2 | Cme | 97.52 Bn | 97.52 Bn | 1.65 Bn | 54.13% |
| 3 | Intercontinental Exchange | 89.57 Bn | 87.62 Bn | - | 52.06% |
| 4 | Moodys | 86.76 Bn | 85.26 Bn | 1.67 Bn | 31.49% |
| 5 | Nasdaq | 54.95 Bn | 54.24 Bn | 1.50 Bn | 25.04% |
| 6 | Coinbase Global | 45.29 Bn | 36.50 Bn | 1.16 Bn | 16.17% |
| 7 | Msci | 41.31 Bn | 40.96 Bn | 717.10 Mn | 38.92% |
| 8 | Cboe Global Markets | 30.95 Bn | 28.56 Bn | 731.60 Mn | -37.17% |
| 9 | TransUnion | 16.34 Bn | 15.50 Bn | 765.00 Mn | 23.34% |
| 10 | Factset Research Systems | 10.81 Bn | 10.51 Bn | 310.73 Mn | 40.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 33.79% |
| Mar 31, 2026 | 24.21% |
| Dec 31, 2025 | 43.46% |
| Sep 30, 2025 | 37.55% |
| Jun 30, 2025 | 36.86% |
| Mar 31, 2025 | 24.09% |
| Dec 31, 2024 | 47.52% |
| Sep 30, 2024 | 39.44% |
| Jun 30, 2024 | 42.94% |
| Mar 31, 2024 | 26.47% |
| Dec 31, 2023 | 40.80% |
| Sep 30, 2023 | 31.68% |
| Jun 30, 2023 | 23.80% |
| Mar 31, 2023 | 17.91% |
| Dec 31, 2022 | 36.94% |
| Sep 30, 2022 | 27.72% |
| Jun 30, 2022 | 14.37% |
| Mar 31, 2022 | 8.62% |
| Dec 31, 2021 | 44.92% |
| Sep 30, 2021 | 45.95% |