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

S&P Global (SPGI) has reported Operating Margin for 18 consecutive years, with 43.7% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin rose 240.0% year-over-year to 43.7%; the trailing twelve-month figure through Jun 2026 stood at 44.43% (up 448.0% YoY), and the FY2025 full-year result was 42.24%, up 297.0% from the prior year.
• Operating Margin declined to 43.7% in Q2 2026 per SPGI's latest filing, from 48.0% in the prior quarter.
• Across five years, Operating Margin topped out at 79.2% in Q1 2022 and bottomed at 24.38% in Q4 2022.
• Historically, Operating Margin has averaged 40.52% across 5 years, with a median of 40.51% in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Margin surged 2558 bps in 2022, then sank 4299 bps in 2023.
• Over 5 years, Operating Margin stood at 24.38% in 2022, then climbed by 16 bps to 28.24% in 2023, then gained by 29 bps to 36.44% in 2024, then rose by 17 bps to 42.75% in 2025, then climbed by 2 bps to 43.7% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 43.7%, 48.0%, and 42.75% for Q2 2026, Q1 2026, and Q4 2025 respectively.