Growth Metrics

S&P Global (SPGI) Free Cash Flow (2009 - 2026)

S&P Global posted quarterly Free Cash Flow of $1.0 billion for Q1 2026, up 10.99% year-on-year from $910.0 million in Q1 2025, and down 40.66% on a QoQ basis from $1.7 billion in Q4 2025.

S&P Global (SPGI) has 18 years of Free Cash Flow data on file, last reported at $1.0 billion in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow rose 10.99% year-over-year to $1.0 billion; the trailing twelve-month figure through Mar 2026 stood at $5.6 billion (changed 0.09% YoY), and the FY2025 full-year result was $5.5 billion, down 1.96% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $1.0 billion, down from $1.7 billion in the prior quarter.
  • Across five years, Free Cash Flow topped out at $1.7 billion in Q4 2024 and bottomed at $206.0 million in Q1 2022.
  • The 5-year median for Free Cash Flow is $1.0 billion (2026), against an average of $1.1 billion.
  • The widest annual swing landed in 2022, when Free Cash Flow plunged 72.53%; it then jumped 174.76% in 2023.
  • A 5-year view of Free Cash Flow shows it stood at $1.1 billion in 2022, then increased by 18.53% to $1.3 billion in 2023, then soared by 32.74% to $1.7 billion in 2024, then dropped by 0.29% to $1.7 billion in 2025, then tumbled by 40.66% to $1.0 billion in 2026.
  • The last three Free Cash Flow figures came in at $1.0 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.5 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 S&P Global 126.06 Bn 129.16 Bn 2.94 Bn 1.01 Bn
2 Cme 98.29 Bn 98.29 Bn 1.83 Bn 1.24 Bn
3 Intercontinental Exchange 83.83 Bn 82.37 Bn - 1.26 Bn
4 Moodys 80.13 Bn 78.77 Bn 1.55 Bn 844.00 Mn
5 Nasdaq 52.44 Bn 51.76 Bn 1.41 Bn 629.00 Mn
6 Coinbase Global 50.05 Bn 49.52 Bn 1.33 Bn 182.74 Mn
7 Msci 46.28 Bn 45.89 Bn 765.10 Mn 280.80 Mn
8 Cboe Global Markets 34.92 Bn 32.75 Bn 728.90 Mn 1.94 Bn
9 TransUnion 13.79 Bn 13.22 Bn 726.20 Mn 19.00 Mn
10 Factset Research Systems 9.06 Bn 8.78 Bn 314.28 Mn 185.69 Mn

Historic Data

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DateValue
Mar 31, 2026 1.01 Bn
Mar 31, 2026 1.01 Bn
Dec 31, 2025 1.70 Bn
Dec 31, 2025 1.70 Bn
Sep 30, 2025 1.46 Bn
Sep 30, 2025 1.46 Bn
Jun 30, 2025 1.38 Bn
Jun 30, 2025 1.38 Bn
Mar 31, 2025 910.00 Mn
Mar 31, 2025 910.00 Mn
Dec 31, 2024 1.71 Bn
Dec 31, 2024 1.71 Bn
Sep 30, 2024 1.41 Bn
Sep 30, 2024 1.41 Bn
Jun 30, 2024 1.52 Bn
Jun 30, 2024 1.52 Bn
Mar 31, 2024 924.00 Mn
Mar 31, 2024 924.00 Mn
Dec 31, 2023 1.29 Bn
Dec 31, 2023 1.29 Bn
Sep 30, 2023 977.00 Mn
Sep 30, 2023 977.00 Mn
Jun 30, 2023 738.00 Mn
Jun 30, 2023 738.00 Mn
Mar 31, 2023 566.00 Mn
Mar 31, 2023 566.00 Mn
Dec 31, 2022 1.09 Bn
Dec 31, 2022 1.09 Bn
Sep 30, 2022 793.00 Mn
Sep 30, 2022 793.00 Mn
Jun 30, 2022 430.00 Mn
Jun 30, 2022 430.00 Mn
Mar 31, 2022 206.00 Mn
Mar 31, 2022 206.00 Mn
Dec 31, 2021 938.00 Mn
Dec 31, 2021 938.00 Mn
Sep 30, 2021 959.00 Mn
Sep 30, 2021 959.00 Mn
Jun 30, 2021 916.00 Mn
Jun 30, 2021 916.00 Mn
Mar 31, 2021 750.00 Mn
Mar 31, 2021 750.00 Mn
Dec 31, 2020 1.11 Bn
Dec 31, 2020 1.11 Bn
Sep 30, 2020 784.00 Mn
Sep 30, 2020 784.00 Mn
Jun 30, 2020 930.00 Mn
Jun 30, 2020 930.00 Mn
Mar 31, 2020 669.00 Mn
Mar 31, 2020 669.00 Mn
Dec 31, 2019 966.00 Mn
Dec 31, 2019 966.00 Mn
Sep 30, 2019 731.00 Mn
Sep 30, 2019 731.00 Mn
Jun 30, 2019 691.00 Mn
Jun 30, 2019 691.00 Mn
Mar 31, 2019 273.00 Mn
Mar 31, 2019 273.00 Mn
Dec 31, 2018 638.00 Mn
Dec 31, 2018 638.00 Mn
Sep 30, 2018 470.00 Mn
Sep 30, 2018 470.00 Mn
Jun 30, 2018 516.00 Mn
Jun 30, 2018 516.00 Mn
Mar 31, 2018 327.00 Mn
Mar 31, 2018 327.00 Mn
Dec 31, 2017 767.00 Mn
Dec 31, 2017 767.00 Mn
Sep 30, 2017 508.00 Mn
Sep 30, 2017 508.00 Mn
Jun 30, 2017 288.00 Mn
Jun 30, 2017 288.00 Mn
Mar 31, 2017 330.00 Mn
Mar 31, 2017 330.00 Mn
Dec 31, 2016 255.00 Mn
Dec 31, 2016 255.00 Mn
Sep 30, 2016 586.00 Mn
Sep 30, 2016 586.00 Mn
Jun 30, 2016 435.00 Mn
Jun 30, 2016 435.00 Mn
Mar 31, 2016 169.00 Mn
Mar 31, 2016 169.00 Mn
Dec 31, 2015 647.00 Mn
Dec 31, 2015 647.00 Mn
Sep 30, 2015 509.00 Mn
Sep 30, 2015 509.00 Mn
Jun 30, 2015 426.00 Mn
Jun 30, 2015 426.00 Mn
Mar 31, 2015 -1.37 Bn
Mar 31, 2015 -1.37 Bn
Dec 31, 2014 349.00 Mn
Dec 31, 2014 349.00 Mn
Sep 30, 2014 359.00 Mn
Sep 30, 2014 359.00 Mn
Jun 30, 2014 315.00 Mn
Jun 30, 2014 315.00 Mn
Mar 31, 2014 94.00 Mn
Mar 31, 2014 94.00 Mn
Dec 31, 2013 244.00 Mn
Dec 31, 2013 244.00 Mn
Sep 30, 2013 238.00 Mn
Sep 30, 2013 238.00 Mn
Jun 30, 2013 252.00 Mn
Jun 30, 2013 252.00 Mn
Mar 31, 2013 -69.00 Mn
Mar 31, 2013 -69.00 Mn
Dec 31, 2012 106.00 Mn
Dec 31, 2012 106.00 Mn
Sep 30, 2012 345.00 Mn
Sep 30, 2012 345.00 Mn
Jun 30, 2012 167.00 Mn
Jun 30, 2012 167.00 Mn
Mar 31, 2012 16.00 Mn
Mar 31, 2012 16.00 Mn
Dec 31, 2011 -136.00 Mn
Dec 31, 2011 -136.00 Mn
Sep 30, 2011 675.00 Mn
Sep 30, 2011 675.00 Mn
Jun 30, 2011 262.00 Mn
Jun 30, 2011 262.00 Mn
Mar 31, 2011 31.00 Mn
Mar 31, 2011 31.00 Mn
Dec 31, 2010 -370.00 Mn
Dec 31, 2010 -370.00 Mn
Sep 30, 2010 667.50 Mn
Sep 30, 2010 667.50 Mn
Jun 30, 2010 225.80 Mn
Jun 30, 2010 225.80 Mn
Mar 31, 2010 94.70 Mn
Mar 31, 2010 94.70 Mn
Dec 31, 2009 349.27 Mn
Dec 31, 2009 349.27 Mn
Sep 30, 2009 611.50 Mn
Sep 30, 2009 611.50 Mn
Jun 30, 2009 211.81 Mn
Jun 30, 2009 211.81 Mn
Mar 31, 2009 65.42 Mn
Mar 31, 2009 65.42 Mn