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Operating Margin for S&P Global (SPGI)

As of · Reported

Metric

TTM

43.9%

YoY change

+2.97pp

Trough year (2014)

2.2%

Peak year (2016)

59.0%

Operating Margin history chart for S&P Global (SPGI) from 1985 to 2025

Latest: 42.2%

Operating Margin change chart for S&P Global (SPGI) from 1985 to 2025

Latest: +2.97pp

Operating Margin history table for S&P Global (SPGI) from 1985 to 2025

  • 202542.2%+2.97pp
  • 202439.3%+7.11pp
  • 202332.2%-12.05pp
  • 202244.2%-6.66pp
  • 202150.9%+2.27pp
  • 202048.6%+0.45pp
  • 201948.2%+3.57pp
  • 201844.6%+1.98pp
  • 201742.6%-16.42pp
  • 201659.0%+22.94pp
  • 201536.1%+33.84pp
  • 20142.2%-25.62pp
  • 201327.9%+1.56pp
  • 201226.3%+9.05pp
  • 201117.2%+0.61pp
  • 201016.6%-4.47pp
  • 200921.1%-0.22pp
  • 200821.3%-3.24pp
  • 200724.6%+1.88pp
  • 200622.7%-0.06pp
  • 200522.7%+0.37pp
  • 200422.4%-1.19pp
  • 200323.6%+4.34pp
  • 200219.2%+4.77pp
  • 200114.4%-4.71pp
  • 200019.2%+2.23pp
  • 199916.9%+2.25pp
  • 199814.7%+0.96pp
  • 199713.7%-0.03pp
  • 199613.8%+0.04pp
  • 199513.7%+0.11pp
  • 199413.6%+0.28pp
  • 199313.3%-0.52pp
  • 199213.9%-0.02pp
  • 199113.9%-2.89pp
  • 199016.8%+13.79pp
  • 19893.0%-12.11pp
  • 198815.1%-0.22pp
  • 198715.3%-2.38pp
  • 198617.7%+0.14pp
  • 198517.6%—

Operating Margin values are taken from S&P Global's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at S&P Global (SPGI)

According to S&P Global's latest reported financial statements, the company's latest reported operating margin is 43.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

S&P Global (SPGI) most recent annual operating margin stands at 42.24% (2025) – expanded 3.0 percentage points year-over-year.

The record annual operating margin stands at 59.02%, reached in 2016; the historical low of 2.24% was recorded in 2014.

S&P Global Operating Margin by Year

S&P Global Operating Margin 2025: 42.2%

In 2025, S&P Global reported operating margin of 42.24%, expanded 3.0 percentage points from 2024.

S&P Global Operating Margin 2024: 39.3%

S&P Global operating margin in 2024 was 39.27%, expanded 7.1 percentage points from 2023.

S&P Global Operating Margin 2023: 32.2%

2023's operating margin for S&P Global came in at 32.17%, contracted 12.1 percentage points from 2022.

S&P Global Operating Margin 2022: 44.2%

S&P Global posted operating margin of 44.22% in 2022, contracted 6.7 percentage points from 2021.

S&P Global Operating Margin 2021: 50.9%

S&P Global operating margin in 2021 was 50.87%.

See more financial history for S&P Global (SPGI).

Sector peers by Operating Margin

Financial Services peers of S&P Global (SPGI), ranked by their latest operating margin

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