S&P Global (SPGI) Operating Expenses (2009 - 2026)
S&P Global's (SPGI) quarterly Operating Expenses came in at $2.3 billion in Q2 2026, up 5.73% YoY from $2.2 billion in Q2 2025, and little changed on a QoQ basis from $2.3 billion in Q1 2026.
S&P Global (SPGI) Operating Expenses (2009 - 2026) Analysis & Trends
S&P Global (SPGI) has 18 years of Operating Expenses data on file, last reported at $2.3 billion in Q2 2026.
- Quarterly Operating Expenses rose 5.73% year-over-year to $2.3 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $9.4 billion (up 5.45% YoY) and the FY2025 annual result came in at $9.2 billion, up 4.91% from the prior year.
- Operating Expenses steadied at $2.3 billion in Q2 2026, from $2.3 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.5 billion in Q4 2025 to a low of $1.8 billion in Q1 2022.
- A 5-year average of $2.2 billion and a median of $2.2 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 118.28% — and 2023, when it climbed 0.19%.
- Tracing SPGI's Operating Expenses over 5 years: 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 decreased by 6.65% to $2.3 billion in 2026.
- The last three Operating Expenses figures came in at $2.3 billion (Q2 2026), $2.3 billion (Q1 2026), and $2.5 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.57 Bn | 123.43 Bn | 2.98 Bn | 2.35 Bn |
| 2 | Cme | 99.20 Bn | 99.20 Bn | 1.65 Bn | 599.10 Mn |
| 3 | Intercontinental Exchange | 91.35 Bn | 89.40 Bn | - | 1.28 Bn |
| 4 | Moodys | 87.82 Bn | 86.32 Bn | 1.67 Bn | 1.14 Bn |
| 5 | Nasdaq | 55.45 Bn | 54.74 Bn | 1.50 Bn | 788.00 Mn |
| 6 | Coinbase Global | 49.36 Bn | 40.57 Bn | 1.16 Bn | 1.33 Bn |
| 7 | Msci | 41.24 Bn | 40.88 Bn | 717.10 Mn | 379.50 Mn |
| 8 | Cboe Global Markets | 31.49 Bn | 29.10 Bn | 731.60 Mn | 255.60 Mn |
| 9 | TransUnion | 16.49 Bn | 15.65 Bn | 765.00 Mn | 1.05 Bn |
| 10 | Factset Research Systems | 10.81 Bn | 10.51 Bn | 310.73 Mn | 456.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.35 Bn |
| Mar 31, 2026 | 2.34 Bn |
| Dec 31, 2025 | 2.51 Bn |
| Sep 30, 2025 | 2.22 Bn |
| Jun 30, 2025 | 2.22 Bn |
| Mar 31, 2025 | 2.21 Bn |
| Dec 31, 2024 | 2.33 Bn |
| Sep 30, 2024 | 2.17 Bn |
| Jun 30, 2024 | 2.11 Bn |
| Mar 31, 2024 | 2.11 Bn |
| Dec 31, 2023 | 2.26 Bn |
| Sep 30, 2023 | 2.02 Bn |
| Jun 30, 2023 | 2.08 Bn |
| Mar 31, 2023 | 2.08 Bn |
| Dec 31, 2022 | 2.23 Bn |
| Sep 30, 2022 | 2.01 Bn |
| Jun 30, 2022 | 2.08 Bn |
| Mar 31, 2022 | 1.84 Bn |
| Dec 31, 2021 | 1.19 Bn |
| Sep 30, 2021 | 1.01 Bn |