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.
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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 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn | 46.79 Bn |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn | 10.11 Bn |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn | 3.69 Bn |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn | 3.28 Bn |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn | 9.87 Bn |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - | 10.58 Bn |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn | 3.42 Bn |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn | 1.04 Bn |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - | 30.25 Bn |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - | 29.94 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 6.03 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();