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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

S&P Global (SPGI) Gross Margin (2016 - 2025)

S&P Global (SPGI) has disclosed Gross Margin for 17 consecutive years, with 70.12% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin rose 30.0% year-over-year to 70.12%, compared with a TTM value of 70.25% through Dec 2025, up 83.0%, and an annual FY2025 reading of 70.25%, up 94.0% over the prior year.
  • Gross Margin was 70.12% for Q4 2025 at S&P Global, down from 71.17% in the prior quarter.
  • Across five years, Gross Margin topped out at 74.69% in Q2 2021 and bottomed at 65.43% in Q3 2022.
  • Average Gross Margin over 5 years is 69.37%, with a median of 69.45% recorded in 2025.
  • The sharpest move saw Gross Margin surged 286bps in 2021, then crashed -879bps in 2022.
  • Year by year, Gross Margin stood at 72.13% in 2021, then dropped by -9bps to 65.99% in 2022, then increased by 2bps to 67.26% in 2023, then increased by 4bps to 69.82% in 2024, then increased by 0bps to 70.12% in 2025.
  • Business Quant data shows Gross Margin for SPGI at 70.12% in Q4 2025, 71.17% in Q3 2025, and 70.2% in Q2 2025.