S&P Global (SPGI) Return on Capital Employed (2009 - 2026)
S&P Global posted quarterly Return on Capital Employed of 13.36% for Q1 2026, up 270.0% year-on-year from 3.61% in Q1 2025, and up 8.97% on a QoQ basis from 12.26% in Q4 2025.
S&P Global (SPGI) has 18 years of Return on Capital Employed data on file, last reported at 13.36% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed rose 270.0% year-over-year to 13.36%; the trailing twelve-month figure through Mar 2026 stood at 13.36% (up 270.0% YoY), and the FY2025 full-year result was 12.21%, up 187.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 13.36%, up from 12.26% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 14.42% in Q1 2022 and bottomed at 6.55% in Q2 2023.
- The 5-year median for Return on Capital Employed is 8.9% (2022), against an average of 9.65%.
- The widest annual swing landed in 2022, when Return on Capital Employed plunged 3040 bps; it then jumped 297 bps in 2024.
- A 5-year view of Return on Capital Employed shows it stood at 8.86% in 2022, then declined by 17 bps to 7.38% in 2023, then surged by 40 bps to 10.35% in 2024, then rose by 18 bps to 12.26% in 2025, then climbed by 9 bps to 13.36% in 2026.
- The last three Return on Capital Employed figures came in at 13.36% (Q1 2026), 12.26% (Q4 2025), and 11.26% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 13.36% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 12.95% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 16.61% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 29.45% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 9.84% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 3.53% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 44.72% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 28.43% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 8.05% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 20.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.36% |
| Dec 31, 2025 | 12.26% |
| Sep 30, 2025 | 11.26% |
| Jun 30, 2025 | 10.84% |
| Mar 31, 2025 | 10.66% |
| Dec 31, 2024 | 10.35% |
| Sep 30, 2024 | 9.36% |
| Jun 30, 2024 | 8.69% |
| Mar 31, 2024 | 7.79% |
| Dec 31, 2023 | 7.38% |
| Sep 30, 2023 | 6.94% |
| Jun 30, 2023 | 6.55% |
| Mar 31, 2023 | 7.56% |
| Dec 31, 2022 | 8.86% |
| Sep 30, 2022 | 8.84% |
| Jun 30, 2022 | 8.90% |
| Mar 31, 2022 | 14.42% |
| Dec 31, 2021 | 39.26% |
| Sep 30, 2021 | 38.33% |
| Jun 30, 2021 | 39.14% |
| Mar 31, 2021 | 40.80% |
| Dec 31, 2020 | 43.02% |
| Sep 30, 2020 | 44.65% |
| Jun 30, 2020 | 48.11% |
| Mar 31, 2020 | 43.34% |
| Dec 31, 2019 | 42.05% |
| Sep 30, 2019 | 45.69% |
| Jun 30, 2019 | 40.34% |
| Mar 31, 2019 | 40.21% |
| Dec 31, 2018 | 41.15% |
| Sep 30, 2018 | 40.01% |
| Jun 30, 2018 | 43.36% |
| Mar 31, 2018 | 45.57% |
| Dec 31, 2017 | 44.11% |
| Sep 30, 2017 | 44.34% |
| Jun 30, 2017 | 55.22% |
| Mar 31, 2017 | 56.44% |
| Dec 31, 2016 | 55.56% |
| Sep 30, 2016 | 54.03% |
| Jun 30, 2016 | 36.77% |
| Mar 31, 2016 | 36.79% |
| Dec 31, 2015 | 36.41% |
| Sep 30, 2015 | 6.10% |
| Jun 30, 2015 | 7.00% |
| Mar 31, 2015 | 5.52% |
| Dec 31, 2014 | 4.38% |
| Sep 30, 2014 | 40.56% |
| Jun 30, 2014 | 41.30% |
| Mar 31, 2014 | 39.90% |
| Dec 31, 2013 | 37.91% |
| Sep 30, 2013 | 39.34% |
| Jun 30, 2013 | 34.40% |
| Mar 31, 2013 | 30.18% |
| Dec 31, 2012 | 31.64% |
| Sep 30, 2012 | 17.85% |
| Jun 30, 2012 | 19.46% |
| Mar 31, 2012 | 22.57% |
| Dec 31, 2011 | 21.40% |
| Sep 30, 2011 | 17.17% |
| Jun 30, 2011 | 24.97% |
| Mar 31, 2011 | 23.20% |
| Dec 31, 2010 | 23.97% |
| Sep 30, 2010 | 35.40% |
| Jun 30, 2010 | 34.16% |
| Mar 31, 2010 | 31.73% |
| Dec 31, 2009 | 31.53% |
| Sep 30, 2009 | 31.79% |
| Jun 30, 2009 | 36.19% |
| Mar 31, 2009 | 37.33% |