S&P Global (SPGI) Net Margin (2009 - 2026)
S&P Global posted quarterly Net Margin of 36.06% for Q1 2026, up 506.0% year-on-year from 5.95% in Q1 2025, and up 15.36% on a QoQ basis from 31.26% in Q4 2025.
S&P Global (SPGI) has 17 years of Net Margin data on file, last reported at 36.06% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 506.0% year-over-year to 36.06%; the trailing twelve-month figure through Mar 2026 stood at 32.76% (up 330.0% YoY), and the FY2025 full-year result was 31.43%, up 210.0% from the prior year.
- Net Margin for Q1 2026 stood at 36.06%, up from 31.26% 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.
- The 5-year median for Net Margin is 30.57% (2024), against an average of 29.51%.
- The widest annual swing landed in 2022, when Net Margin soared 1429 bps; it then slumped 2716 bps in 2023.
- A 5-year view of Net Margin shows it stood at 16.82% in 2022, then rose by 21 bps to 20.43% in 2023, then surged by 32 bps to 26.92% in 2024, then increased by 16 bps to 31.26% in 2025, then rose by 15 bps to 36.06% in 2026.
- The last three Net Margin figures came in at 36.06% (Q1 2026), 31.26% (Q4 2025), and 32.54% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 36.06% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 62.12% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 48.10% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 31.79% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 24.29% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -27.89% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 47.72% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 30.18% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 32.15% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 21.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 40.69% |
| Mar 31, 2021 | 40.08% |
| Dec 31, 2020 | 27.05% |
| Sep 30, 2020 | 26.98% |
| Jun 30, 2020 | 43.34% |
| Mar 31, 2020 | 38.58% |
| Dec 31, 2019 | 33.78% |
| Sep 30, 2019 | 39.19% |
| Jun 30, 2019 | 35.33% |
| Mar 31, 2019 | 28.84% |
| Dec 31, 2018 | 35.87% |
| Sep 30, 2018 | 34.61% |
| Jun 30, 2018 | 31.14% |
| Mar 31, 2018 | 34.08% |
| Dec 31, 2017 | 18.82% |
| Sep 30, 2017 | 29.87% |
| Jun 30, 2017 | 30.28% |
| Mar 31, 2017 | 29.59% |
| Dec 31, 2016 | 40.67% |
| Sep 30, 2016 | 64.14% |
| Jun 30, 2016 | 27.80% |
| Mar 31, 2016 | 24.09% |
| Dec 31, 2014 | 12.64% |
| Sep 30, 2014 | 0.16% |
| Jun 30, 2014 | 0.46% |
| Mar 31, 2014 | 0.59% |
| Dec 31, 2013 | 0.50% |
| Sep 30, 2013 | -1.13% |
| Jun 30, 2013 | 0.91% |
| Mar 31, 2013 | 51.58% |
| Dec 31, 2012 | -33.12% |
| Sep 30, 2012 | 14.52% |
| Jun 30, 2012 | 3.64% |
| Mar 31, 2012 | -3.38% |
| Dec 31, 2011 | 10.76% |
| Sep 30, 2011 | 20.00% |
| Jun 30, 2011 | 3.33% |
| Mar 31, 2011 | -13.30% |
| Dec 31, 2010 | 11.36% |
| Sep 30, 2010 | -4.28% |
| Jun 30, 2010 | 8.09% |
| Mar 31, 2010 | 1.95% |
| Dec 31, 2009 | 6.28% |
| Sep 30, 2009 | 14.18% |
| Jun 30, 2009 | 6.51% |
| Mar 31, 2009 | -0.41% |