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
Download Data
Historic 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% |