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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |