S&P Global (SPGI) Gross Margin (2009 - 2026)
S&P Global (SPGI) posted Gross Margin of 70.39% for Q1 2026, little changed on a QoQ basis from 70.12% in Q4 2025, and up 92.0% year-over-year from 36.66% in Q1 2025.
S&P Global (SPGI) Gross Margin (2009 - 2026) Analysis & Trends
S&P Global's Gross Margin history runs 18 years deep, the most recent figure standing at 70.39% for Q1 2026.
- Quarterly Gross Margin rose 92.0% year-over-year to 70.39% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 70.47% (up 85.0% YoY) and the FY2025 annual result came in at 70.25%, up 94.0% from the prior year.
- Gross Margin was 70.39% for Q1 2026 at S&P Global, roughly flat from 70.12% in the prior quarter.
- Across five years, Gross Margin topped out at 71.17% in Q3 2025 and bottomed at 65.43% in Q3 2022.
- A 5-year average of 68.36% and a median of 68.65% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 855 bps — and 2024, when it soared 271 bps.
- S&P Global's Gross Margin stood at 65.68% in 2022, then gained by 2 bps to 67.26% in 2023, then climbed by 3 bps to 69.18% in 2024, then grew by 1 bps to 70.12% in 2025, then advanced by 0 bps to 70.39% in 2026.
- Business Quant data shows SPGI's Gross Margin at 70.39% in Q1 2026, 70.12% in Q4 2025, and 71.17% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bit Origin | 1,110.84 Bn | 1,110.84 Bn | - | - |
| 2 | S&P Global | 130.72 Bn | 128.91 Bn | 2.94 Bn | 70.39% |
| 3 | Cme | 92.16 Bn | 92.16 Bn | 1.65 Bn | 96.49% |
| 4 | Moodys | 84.72 Bn | 83.22 Bn | 1.67 Bn | 76.29% |
| 5 | Intercontinental Exchange | 84.12 Bn | 82.38 Bn | - | - |
| 6 | Nasdaq | 53.10 Bn | 52.38 Bn | 1.50 Bn | 59.24% |
| 7 | Coinbase Global | 44.25 Bn | 33.81 Bn | 1.33 Bn | 94.06% |
| 8 | Msci | 41.65 Bn | 41.29 Bn | 717.10 Mn | 82.71% |
| 9 | Cboe Global Markets | 30.13 Bn | 27.96 Bn | 728.90 Mn | 57.27% |
| 10 | TransUnion | 14.77 Bn | 14.04 Bn | 726.20 Mn | 58.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 70.39% |
| Dec 31, 2025 | 70.12% |
| Sep 30, 2025 | 71.17% |
| Jun 30, 2025 | 70.20% |
| Mar 31, 2025 | 69.47% |
| Dec 31, 2024 | 69.18% |
| Sep 30, 2024 | 70.21% |
| Jun 30, 2024 | 69.63% |
| Mar 31, 2024 | 68.18% |
| Dec 31, 2023 | 67.26% |
| Sep 30, 2023 | 67.74% |
| Jun 30, 2023 | 66.91% |
| Mar 31, 2023 | 65.57% |
| Dec 31, 2022 | 65.68% |
| Sep 30, 2022 | 65.43% |
| Jun 30, 2022 | 66.35% |
| Mar 31, 2022 | 68.65% |
| Dec 31, 2021 | 72.13% |
| Sep 30, 2021 | 73.98% |
| Jun 30, 2021 | 74.69% |