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

S&P Global has reported FCF Margin for 18 years, with the latest figure 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.
• The five-year high for FCF Margin was 47.52% in Q4 2024, with the low at 8.62% in Q1 2022.
• Historically, FCF Margin has averaged 30.85% across 5 years, with a median of 31.68% in 2023.
• Annual changes were most pronounced in 2022 — FCF Margin slumped 2913 bps — and 2024, when it soared 1914 bps.
• S&P Global's FCF Margin 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 tumbled 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.