S&P Global (SPGI) FCF Margin (2009 - 2026)
S&P Global posted quarterly FCF Margin of 24.21% for Q1 2026, up 12.0% year-on-year from 21.62% in Q1 2025, and down 44.29% on a QoQ basis from 43.46% in Q4 2025.
S&P Global (SPGI) has 18 years of FCF Margin data on file, last reported at 24.21% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 12.0% year-over-year to 24.21%; the trailing twelve-month figure through Mar 2026 stood at 35.32% (down 298.0% YoY), and the FY2025 full-year result was 35.58%, down 359.0% from the prior year.
- FCF Margin for Q1 2026 stood at 24.21%, down from 43.46% in the prior quarter.
- Across five years, FCF Margin topped out at 47.52% in Q4 2024 and bottomed at 8.62% in Q1 2022.
- The 5-year median for FCF Margin is 31.68% (2023), against an average of 30.85%.
- The widest annual swing landed in 2022, when FCF Margin plunged 2913 bps; it then soared 1914 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 36.94% in 2022, then increased by 10 bps to 40.8% in 2023, then advanced by 16 bps to 47.52% in 2024, then declined by 9 bps to 43.46% in 2025, then slumped by 44 bps to 24.21% in 2026.
- The last three FCF Margin figures came in at 24.21% (Q1 2026), 43.46% (Q4 2025), and 37.55% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 24.21% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 65.85% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 42.39% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 40.60% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 29.43% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 12.93% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 33.00% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 152.48% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 1.53% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 30.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 43.49% |
| Mar 31, 2021 | 37.20% |
| Dec 31, 2020 | 59.35% |
| Sep 30, 2020 | 42.47% |
| Jun 30, 2020 | 47.86% |
| Mar 31, 2020 | 37.46% |
| Dec 31, 2019 | 55.68% |
| Sep 30, 2019 | 43.28% |
| Jun 30, 2019 | 40.55% |
| Mar 31, 2019 | 17.38% |
| Dec 31, 2018 | 41.54% |
| Sep 30, 2018 | 30.40% |
| Jun 30, 2018 | 32.07% |
| Mar 31, 2018 | 20.87% |
| Dec 31, 2017 | 48.27% |
| Sep 30, 2017 | 33.58% |
| Jun 30, 2017 | 19.09% |
| Mar 31, 2017 | 22.71% |
| Dec 31, 2016 | 18.23% |
| Sep 30, 2016 | 40.72% |
| Jun 30, 2016 | 29.35% |
| Mar 31, 2016 | 12.60% |
| Dec 31, 2015 | 47.09% |
| Sep 30, 2015 | 38.44% |
| Jun 30, 2015 | 31.74% |
| Mar 31, 2015 | -107.23% |
| Dec 31, 2014 | 27.05% |
| Sep 30, 2014 | 28.42% |
| Jun 30, 2014 | 24.19% |
| Mar 31, 2014 | 7.86% |
| Dec 31, 2013 | 20.23% |
| Sep 30, 2013 | 20.66% |
| Jun 30, 2013 | 20.91% |
| Mar 31, 2013 | -6.05% |
| Dec 31, 2012 | 8.65% |
| Sep 30, 2012 | 30.91% |
| Jun 30, 2012 | 15.58% |
| Mar 31, 2012 | 1.55% |
| Dec 31, 2011 | -13.55% |
| Sep 30, 2011 | 65.22% |
| Jun 30, 2011 | 25.69% |
| Mar 31, 2011 | 3.23% |
| Dec 31, 2010 | -24.73% |
| Sep 30, 2010 | 34.13% |
| Jun 30, 2010 | 15.58% |
| Mar 31, 2010 | 8.09% |
| Dec 31, 2009 | 23.88% |
| Sep 30, 2009 | 32.60% |
| Jun 30, 2009 | 14.46% |
| Mar 31, 2009 | 5.70% |