S&P Global (SPGI) Operating Expenses (2009 - 2026)

S&P Global has reported Operating Expenses for 18 years, with the latest figure at $2.3 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 6.06% year-over-year to $2.3 billion; the trailing twelve-month figure through Mar 2026 stood at $9.3 billion (up 5.3% YoY), and the FY2025 full-year result was $9.2 billion, up 4.91% from the prior year.
• Operating Expenses for Q1 2026 stood at $2.3 billion, down from $2.5 billion in the prior quarter.
• The five-year high for Operating Expenses was $2.5 billion in Q4 2025, with the low at $1.8 billion in Q1 2022.
• Historically, Operating Expenses has averaged $2.2 billion across 5 years, with a median of $2.2 billion in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 118.28% — and 2023, when it climbed 0.19%.
• S&P Global's Operating Expenses stood at $2.2 billion in 2022, then advanced by 1.62% to $2.3 billion in 2023, then climbed by 3.05% to $2.3 billion in 2024, then advanced by 7.67% to $2.5 billion in 2025, then dropped by 6.69% to $2.3 billion in 2026.
• The last three Operating Expenses figures came in at $2.3 billion (Q1 2026), $2.5 billion (Q4 2025), and $2.2 billion (Q3 2025), per Business Quant data.