S&P Global (SPGI) FCF Margin (2009 - 2026)

S&P Global's FCF Margin history runs 18 years deep, the most recent figure standing at 24.21% for Q1 2026.

• Quarterly FCF Margin rose 12.0% year-over-year to 24.21% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 35.32% (down 298.0% YoY) and the FY2025 annual result came in at 35.58%, down 359.0% from the prior year.
• FCF Margin was 24.21% for Q1 2026 at S&P Global, 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.
• A 5-year average of 30.85% and a median of 31.68% in 2023 frame the typical range for FCF Margin.
• Annual changes were most pronounced in 2022 — FCF Margin sank 2913 bps — and 2024, when it soared 1914 bps.
• S&P Global's FCF Margin stood at 36.94% in 2022, then rose by 10 bps to 40.8% in 2023, then climbed by 16 bps to 47.52% in 2024, then fell by 9 bps to 43.46% in 2025, then sank by 44 bps to 24.21% in 2026.
• Business Quant data shows SPGI's FCF Margin at 24.21% in Q1 2026, 43.46% in Q4 2025, and 37.55% in Q3 2025.