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S&P Global (SPGI) Cash Flow Waterfall

Trace S&P Global's operating cash flow down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$5.74B

Capex

-$179M

Free Cash Flow

$5.56B

FCF Margin

+96.9%

Cash flow waterfall for S&P Global (SPGI) — TTM through Q1 2026

Free cash flow: $5.56B

Cash flow breakdown for S&P Global (SPGI) — TTM through Q1 2026

  • Operating Cash Flow$5.74B
  • Capital Expenditure-$179M
  • Free Cash Flow$5.56B
  • Acquisitions-$2.02B
  • Other Investing$1.87B
  • Share Buybacks-$5.35B
  • Dividends Paid-$1.16B
  • Net Debt Change$1.94B
  • Other Financing & FX-$487M
  • Net Cash Increase$341M
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology