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% YoY from 15.8% in Q2 2025, and down 11.5% on a QoQ basis from 36.06% in Q1 2026.
S&P Global (SPGI) Net Margin (2009 - 2026) Analysis & Trends
S&P Global (SPGI) has 17 years of Net Margin data on file, last reported at 31.91% in Q2 2026.
- Quarterly Net Margin rose 102.0% year-over-year to 31.91% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 32.98% (up 342.0% YoY) and the FY2025 annual result came in at 31.43%, up 210.0% from the prior year.
- Net Margin eased to 31.91% in Q2 2026, from 36.06% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 54.37% in Q1 2022 to a low of 16.82% in Q4 2022.
- A 5-year average of 29.65% and a median of 30.58% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin soared 1429 bps — and 2023, when it plunged 2716 bps.
- Tracing SPGI's Net Margin over 5 years: stood at 16.82% in 2022, then increased by 21 bps to 20.43% in 2023, then jumped by 32 bps to 26.92% in 2024, then grew by 16 bps to 31.26% in 2025, then grew by 2 bps to 31.91% in 2026.
- The last three Net Margin figures came in at 31.91% (Q2 2026), 36.06% (Q1 2026), and 31.26% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.61 Bn | 123.47 Bn | 2.98 Bn | 31.91% |
| 2 | Cme | 97.52 Bn | 97.52 Bn | 1.65 Bn | 61.06% |
| 3 | Intercontinental Exchange | 89.57 Bn | 87.62 Bn | - | 27.00% |
| 4 | Moodys | 86.76 Bn | 85.26 Bn | 1.67 Bn | 40.23% |
| 5 | Nasdaq | 54.95 Bn | 54.24 Bn | 1.50 Bn | 20.02% |
| 6 | Coinbase Global | 45.29 Bn | 36.50 Bn | 1.16 Bn | -29.46% |
| 7 | Msci | 41.31 Bn | 40.96 Bn | 717.10 Mn | 39.45% |
| 8 | Cboe Global Markets | 30.95 Bn | 28.56 Bn | 731.60 Mn | 24.38% |
| 9 | TransUnion | 16.34 Bn | 15.50 Bn | 765.00 Mn | 11.20% |
| 10 | Factset Research Systems | 10.81 Bn | 10.51 Bn | 310.73 Mn | 20.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |