Growth Metrics

S&P Global (SPGI) Operating Margin (2016 - 2026)

S&P Global filings provide 18 years of Operating Margin readings, the most recent being 48.0% for Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin rose 622.0% year-over-year to 48.0%, compared with a TTM value of 43.88% through Mar 2026, up 404.0%, and an annual FY2025 reading of 42.24%, up 297.0% over the prior year.
  • Operating Margin hit 48.0% in Q1 2026 for S&P Global, up from 42.75% in the prior quarter.
  • The five-year high for Operating Margin was 79.2% in Q1 2022, with the low at 24.38% in Q4 2022.
  • Median Operating Margin over the past 5 years was 40.11% (2024), compared with a mean of 40.33%.
  • The sharpest move saw Operating Margin surged 2558bps in 2022, then crashed -4299bps in 2023.
  • Year by year, Operating Margin stood at 24.38% in 2022, then grew by 16bps to 28.24% in 2023, then increased by 29bps to 36.44% in 2024, then grew by 17bps to 42.75% in 2025, then increased by 12bps to 48.0% in 2026.
  • According to Business Quant data, Operating Margin over the past three periods came in at 48.0%, 42.75%, and 43.08% for Q1 2026, Q4 2025, and Q3 2025 respectively.