S&P Global (SPGI) Invested Capital (2009 - 2026)
S&P Global's Invested Capital was $46.79 billion in Q2 2026, up 4.2% from $44.88 billion a year earlier and up 4.9% from the prior quarter.
Powered by 
Analysis
S&P Global (SPGI) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Invested Capital at S&P Global came in at $44.32 billion, down 0.7% from FY2024.
- Invested Capital has now declined for three consecutive years, though with a five-year compound annual growth rate of 56.8% (FY2020 to FY2025).
- In earlier years, Invested Capital was $44.65 billion in FY2024 (-2.4%), $45.76 billion in FY2023 (-3.5%), $47.43 billion in FY2022 (+662.5%) and $6.22 billion in FY2021 (+32.9%).
- The Q2 2026 figure marks the highest quarterly Invested Capital since Q3 2023.
- Compared with a year earlier, Invested Capital was higher in 1 of the last eight quarters, with an average decline of 1.3%.
- The best year-over-year quarter for Invested Capital over five years was Q1 2022 (growth of 882.4%); the worst was Q2 2023 (a decline of 6.4%).
- Per Business Quant data, SPGI's Invested Capital in the three quarters before Q2 2026 was $44.61 billion (Q1 2026), $44.32 billion (Q4 2025) and $44.62 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Msci | 236.00 Bn | 234.48 Bn | 739.80 Mn | 3.70 Bn |
| 2 | S&P Global | 137.30 Bn | 132.50 Bn | 2.64 Bn | 32.89 Bn |
| 3 | Moodys | 87.63 Bn | 80.69 Bn | 1.50 Bn | 10.32 Bn |
| 4 | Verisk Analytics | 26.66 Bn | 22.85 Bn | 567.00 Mn | 3.38 Bn |
| 5 | Equifax | 22.03 Bn | 21.43 Bn | 940.10 Mn | 9.70 Bn |
| 6 | TransUnion | 15.46 Bn | 12.30 Bn | - | 10.46 Bn |
| 7 | Factset Research Systems | 11.73 Bn | 10.58 Bn | 308.40 Mn | 3.37 Bn |
| 8 | Morningstar | 9.14 Bn | 7.03 Bn | 431.40 Mn | 2.70 Bn |
| 9 | Mastercard | 572.29 Bn | 532.37 Bn | - | 30.69 Bn |
| 10 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | 29.99 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 32.89 Bn |
| Jun 30, 2026 | 46.79 Bn |
| Mar 31, 2026 | 44.61 Bn |
| Dec 31, 2025 | 44.32 Bn |
| Sep 30, 2025 | 44.62 Bn |
| Jun 30, 2025 | 44.88 Bn |
| Mar 31, 2025 | 44.86 Bn |
| Dec 31, 2024 | 44.65 Bn |
| Sep 30, 2024 | 45.49 Bn |
| Jun 30, 2024 | 46.38 Bn |
| Mar 31, 2024 | 46.13 Bn |
| Dec 31, 2023 | 45.76 Bn |
| Sep 30, 2023 | 46.98 Bn |
| Jun 30, 2023 | 47.06 Bn |
| Mar 31, 2023 | 48.03 Bn |
| Dec 31, 2022 | 47.43 Bn |
| Sep 30, 2022 | 48.03 Bn |
| Jun 30, 2022 | 50.30 Bn |
| Mar 31, 2022 | 51.17 Bn |
| Dec 31, 2021 | 6.22 Bn |
API Access
S&P Global Invested Capital 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=invested-capital&ticker=SPGI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=SPGI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();