S&P Global SPGI
NYSE SPGI
$418.35 -10.96 (-2.55%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

S&P Global's (SPGI) quarterly Net Margin came in at 31.91% in Q2 2026, up 102.0% on a YoY basis from 15.8% in Q2 2025, and down 11.5% quarter-over-quarter from 36.06% in Q1 2026.

Analysis

S&P Global (SPGI) Net Margin (2009 - 2026) Analysis & Trends

S&P Global (SPGI) has reported Net Margin for 18 consecutive years, with 31.91% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Net Margin rose 102.0% year-over-year to 31.91%; the trailing twelve-month figure through Jun 2026 stood at 32.98% (up 342.0% YoY), and the FY2025 full-year result was 31.43%, up 210.0% from the prior year.
  • Net Margin retreated to 31.91% in Q2 2026 per SPGI's latest filing, from 36.06% in the prior quarter.
  • Across five years, Net Margin topped out at 54.37% in Q1 2022 and bottomed at 16.82% in Q4 2022.
  • Historically, Net Margin has averaged 29.65% across 5 years, with a median of 30.58% in 2024.
  • The sharpest annual moves came in 2022 and 2023: Net Margin jumped 1429 bps in 2022, then sank 2716 bps in 2023.
  • Over 5 years, Net Margin stood at 16.82% in 2022, then gained by 21 bps to 20.43% in 2023, then soared by 32 bps to 26.92% in 2024, then rose by 16 bps to 31.26% in 2025, then rose by 2 bps to 31.91% in 2026.
  • According to Business Quant data, Net Margin over the past three periods registered 31.91%, 36.06%, and 31.26% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 S&P Global 124.03 Bn 119.89 Bn 2.98 Bn 31.91%
2 Moodys 82.83 Bn 81.34 Bn 1.67 Bn 40.23%
3 Msci 40.50 Bn 40.15 Bn 717.10 Mn 39.45%
4 Verisk Analytics 23.26 Bn 22.71 Bn 572.90 Mn 28.35%
5 Factset Research Systems 10.11 Bn 9.81 Bn 310.73 Mn 20.34%
6 Morningstar 7.50 Bn 6.97 Bn 423.90 Mn 16.39%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 31.91%
Mar 31, 2026 36.06%
Dec 31, 2025 31.26%
Sep 30, 2025 32.54%
Jun 30, 2025 30.89%
Mar 31, 2025 31.00%
Dec 31, 2024 26.92%
Sep 30, 2024 29.29%
Jun 30, 2024 30.57%
Mar 31, 2024 30.59%
Dec 31, 2023 20.43%
Sep 30, 2023 26.39%
Jun 30, 2023 18.54%
Mar 31, 2023 27.22%
Dec 31, 2022 16.82%
Sep 30, 2022 23.70%
Jun 30, 2022 35.12%
Mar 31, 2022 54.37%
Dec 31, 2021 35.25%
Sep 30, 2021 41.26%