S&P Global (SPGI) Free Cash Flow (2009 - 2026)
S&P Global (SPGI) recorded Free Cash Flow of $1.4 billion in Q2 2026, up 1.2% from $1.38 billion a year earlier and up 38.7% from the prior quarter.
Powered by 
Analysis
S&P Global (SPGI) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, S&P Global's Free Cash Flow came in at $5.57 billion as of Jun 30, 2026, up 3.0% year-over-year; for FY2025, it was $5.46 billion, down 2.0% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of 9.3% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $5.57 billion in FY2024 (+56.0%), $3.57 billion in FY2023 (+41.9%), $2.51 billion in FY2022 (-29.4%) and $3.56 billion in FY2021 (+2.1%).
- Quarterly Free Cash Flow has ranged from $206 million in Q1 2022 to $1.71 billion in Q4 2024 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in five of the last eight quarters, with growth averaging 10.2%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 174.8% in Q1 2023, against a decline of 72.5% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.01 billion (Q1 2026), $1.7 billion (Q4 2025) and $1.46 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn | 1.40 Bn |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn | 688.00 Mn |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn | 359.80 Mn |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn | 297.90 Mn |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn | 204.80 Mn |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - | 305.70 Mn |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn | 254.05 Mn |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn | 122.50 Mn |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - | 3.48 Bn |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - | 923.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.40 Bn |
| Mar 31, 2026 | 1.01 Bn |
| Dec 31, 2025 | 1.70 Bn |
| Sep 30, 2025 | 1.46 Bn |
| Jun 30, 2025 | 1.38 Bn |
| Mar 31, 2025 | 910.00 Mn |
| Dec 31, 2024 | 1.71 Bn |
| Sep 30, 2024 | 1.41 Bn |
| Jun 30, 2024 | 1.52 Bn |
| Mar 31, 2024 | 924.00 Mn |
| Dec 31, 2023 | 1.29 Bn |
| Sep 30, 2023 | 977.00 Mn |
| Jun 30, 2023 | 738.00 Mn |
| Mar 31, 2023 | 566.00 Mn |
| Dec 31, 2022 | 1.09 Bn |
| Sep 30, 2022 | 793.00 Mn |
| Jun 30, 2022 | 430.00 Mn |
| Mar 31, 2022 | 206.00 Mn |
| Dec 31, 2021 | 938.00 Mn |
| Sep 30, 2021 | 959.00 Mn |
API Access
S&P Global Free Cash Flow 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=free-cash-flow&ticker=SPGI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=SPGI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();