S&P Global (SPGI) Gross Margin (2009 - 2026)

S&P Global has reported Gross Margin for 18 years, with the latest figure at 70.39% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 92.0% year-over-year to 70.39%; the trailing twelve-month figure through Mar 2026 stood at 70.47% (up 85.0% YoY), and the FY2025 full-year result was 70.25%, up 94.0% from the prior year.
• Gross Margin for Q1 2026 stood at 70.39%, roughly flat from 70.12% in the prior quarter.
• The five-year high for Gross Margin was 71.17% in Q3 2025, with the low at 65.43% in Q3 2022.
• Historically, Gross Margin has averaged 68.36% across 5 years, with a median of 68.65% in 2022.
• Annual changes were most pronounced in 2022 — Gross Margin plunged 855 bps — and 2024, when it soared 271 bps.
• S&P Global's Gross Margin stood at 65.68% in 2022, then increased by 2 bps to 67.26% in 2023, then gained by 3 bps to 69.18% in 2024, then advanced by 1 bps to 70.12% in 2025, then rose by 0 bps to 70.39% in 2026.
• The last three Gross Margin figures came in at 70.39% (Q1 2026), 70.12% (Q4 2025), and 71.17% (Q3 2025), per Business Quant data.