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S&P Global (SPGI) Operating Expenses (2016 - 2025)

S&P Global (SPGI) has disclosed Operating Expenses for 17 consecutive years, with $2.5 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 7.63% year-over-year to $2.5 billion, compared with a TTM value of $9.2 billion through Dec 2025, up 4.94%, and an annual FY2025 reading of $9.2 billion, up 4.91% over the prior year.
  • Operating Expenses was $2.5 billion for Q4 2025 at S&P Global, up from $2.2 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $2.5 billion in Q4 2025 and bottomed at $937.0 million in Q1 2021.
  • Average Operating Expenses over 5 years is $1.9 billion, with a median of $2.1 billion recorded in 2023.
  • The sharpest move saw Operating Expenses dropped 1.65% in 2021, then skyrocketed 118.05% in 2022.
  • Year by year, Operating Expenses stood at $1.2 billion in 2021, then soared by 87.23% to $2.2 billion in 2022, then grew by 1.62% to $2.3 billion in 2023, then increased by 3.05% to $2.3 billion in 2024, then increased by 7.63% to $2.5 billion in 2025.
  • Business Quant data shows Operating Expenses for SPGI at $2.5 billion in Q4 2025, $2.2 billion in Q3 2025, and $2.2 billion in Q2 2025.