S&P Global (SPGI) FCF Margin (2009 - 2026)
S&P Global (SPGI) posted FCF Margin of 24.21% for Q1 2026, down 44.29% on a QoQ basis from 43.46% in Q4 2025, and up 12.0% year-over-year from 21.62% in Q1 2025.
S&P Global (SPGI) FCF Margin (2009 - 2026) Analysis & Trends
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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 124.74 Bn | 122.93 Bn | 2.94 Bn | 24.21% |
| 2 | Cme | 93.40 Bn | 93.40 Bn | 1.65 Bn | 54.13% |
| 3 | Intercontinental Exchange | 85.52 Bn | 83.77 Bn | - | 40.78% |
| 4 | Moodys | 84.42 Bn | 82.93 Bn | 1.67 Bn | 31.49% |
| 5 | Nasdaq | 53.40 Bn | 52.69 Bn | 1.50 Bn | 25.04% |
| 6 | Coinbase Global | 42.58 Bn | 32.14 Bn | 1.33 Bn | 12.93% |
| 7 | Msci | 41.94 Bn | 41.59 Bn | 717.10 Mn | 41.68% |
| 8 | Cboe Global Markets | 30.24 Bn | 28.07 Bn | 728.90 Mn | 152.48% |
| 9 | TransUnion | 16.13 Bn | 15.40 Bn | 726.20 Mn | 1.53% |
| 10 | Factset Research Systems | 10.06 Bn | 9.75 Bn | 310.73 Mn | 40.78% |
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% |