S&P Global SPGI
NYSE SPGI
$410.53 -7.83 (-1.87%)
As of: Sep 10, 2026 · 3:59 PM EDT

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% on a YoY basis from 16.32% in Q2 2025, and up 39.55% quarter-over-quarter from 24.21% in Q1 2026.

Analysis

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

S&P Global (SPGI) has reported FCF Margin for 18 consecutive years, with 33.79% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, FCF Margin fell 307.0% year-over-year to 33.79%; the trailing twelve-month figure through Jun 2026 stood at 34.57% (down 224.0% YoY), and the FY2025 full-year result was 35.58%, down 359.0% from the prior year.
  • FCF Margin improved to 33.79% in Q2 2026 per SPGI's latest filing, from 24.21% 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.
  • Historically, FCF Margin has averaged 31.01% across 5 years, with a median of 32.74% in 2023.
  • The sharpest annual moves came in 2022 and 2024: FCF Margin tumbled 2913 bps in 2022, then jumped 1914 bps in 2024.
  • Over 5 years, 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 decreased by 22 bps to 33.79% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods registered 33.79%, 24.21%, and 43.46% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 S&P Global 121.34 Bn 117.20 Bn 2.98 Bn 33.79%
2 Moodys 81.34 Bn 79.84 Bn 1.67 Bn 31.49%
3 Msci 39.85 Bn 39.49 Bn 717.10 Mn 38.92%
4 Verisk Analytics 22.97 Bn 22.42 Bn 572.90 Mn 36.95%
5 Factset Research Systems 9.48 Bn 9.17 Bn 310.73 Mn 40.78%
6 Morningstar 7.30 Bn 6.77 Bn 423.90 Mn 18.47%
Historic Data

Historic Data

Download Data
DateValue
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%