S&P Global (SPGI) FCF Margin (2009 - 2026)
S&P Global (SPGI) recorded FCF Margin of 33.79% in Q2 2026, down 3.07 percentage points from 36.86% a year earlier but up 9.58 percentage points from the prior quarter.
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Analysis
S&P Global (SPGI) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, S&P Global's FCF Margin came in at 34.57% as of Jun 30, 2026, down 2.24 percentage points year-over-year; for FY2025, it was 35.58%, down 3.59 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -11.33 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 39.17% in FY2024 (+10.63 pp), 28.54% in FY2023 (+6.06 pp), 22.48% in FY2022 (-20.46 pp) and 42.94% in FY2021 (-3.97 pp).
- Quarterly FCF Margin has ranged from 8.62% in Q1 2022 to 47.52% in Q4 2024 over the past five years.
- On a year-over-year basis, FCF Margin rose in three of the last eight quarters, with an average year-over-year change of -0.36 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 19.14 percentage points in Q2 2024, against a drop of 29.13 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 24.21% (Q1 2026), 43.46% (Q4 2025) and 37.55% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn | 33.79% |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn | 31.49% |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn | 41.50% |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn | 36.95% |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn | 12.05% |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - | 23.34% |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn | 40.78% |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn | 18.47% |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - | 37.53% |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - | 54.13% |
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% |
API Access
S&P Global FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=SPGI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "SPGI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=SPGI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();