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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

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

S&P Global (SPGI) has disclosed Operating Margin for 17 consecutive years, with 42.75% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Margin rose 631.0% year-over-year to 42.75%, compared with a TTM value of 42.24% through Dec 2025, up 296.0%, and an annual FY2025 reading of 42.24%, up 297.0% over the prior year.
  • Operating Margin was 42.75% for Q4 2025 at S&P Global, down from 43.08% in the prior quarter.
  • Across five years, Operating Margin topped out at 79.2% in Q1 2022 and bottomed at 24.41% in Q4 2022.
  • Average Operating Margin over 5 years is 42.06%, with a median of 41.11% recorded in 2024.
  • The sharpest move saw Operating Margin surged 2558bps in 2022, then crashed -4299bps in 2023.
  • Year by year, Operating Margin stood at 43.3% in 2021, then tumbled by -44bps to 24.41% in 2022, then grew by 16bps to 28.24% in 2023, then grew by 29bps to 36.44% in 2024, then rose by 17bps to 42.75% in 2025.
  • Business Quant data shows Operating Margin for SPGI at 42.75% in Q4 2025, 43.08% in Q3 2025, and 41.3% in Q2 2025.