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

S&P Global has reported Operating Margin for 18 years, with the latest figure at 48.0% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin rose 622.0% year-over-year to 48.0%; the trailing twelve-month figure through Mar 2026 stood at 43.88% (up 404.0% YoY), and the FY2025 full-year result was 42.24%, up 297.0% from the prior year.
• Operating Margin for Q1 2026 stood at 48.0%, 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.
• Historically, Operating Margin has averaged 40.33% across 5 years, with a median of 40.11% in 2024.
• Annual changes were most pronounced in 2022 — Operating Margin jumped 2558 bps — and 2023, when it plunged 4299 bps.
• S&P Global's Operating Margin stood at 24.38% in 2022, then gained by 16 bps to 28.24% in 2023, then increased by 29 bps to 36.44% in 2024, then grew by 17 bps to 42.75% in 2025, then advanced by 12 bps to 48.0% in 2026.
• The last three Operating Margin figures came in at 48.0% (Q1 2026), 42.75% (Q4 2025), and 43.08% (Q3 2025), per Business Quant data.