How does S&P Global (SPGI) make money?

S&P Global (SPGI) generates revenue primarily from Market Intelligence Segment, which accounted for 31.4% of total revenue in TTM through Q1 2026. The company reported $15.73B in revenue and converted 30.4% of it into net profit, equivalent to roughly $4.78B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of S&P Global (SPGI)?

S&P Global (SPGI) reported a gross profit margin of 70.5% in TTM through Q1 2026, equivalent to $11.09B in gross profit on $15.73B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of S&P Global (SPGI)?

S&P Global (SPGI) reported an operating profit margin of 43.9% in TTM through Q1 2026, equivalent to $6.90B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of S&P Global (SPGI)?

S&P Global (SPGI) reported a net profit margin of 30.4% in TTM through Q1 2026, equivalent to $4.78B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is S&P Global (SPGI) profitable?

Yes. S&P Global (SPGI) reported $4.78B in net income for TTM through Q1 2026, with a net profit margin of 30.4%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does S&P Global (SPGI) spend on capital expenditures?

S&P Global (SPGI) spent $179.00M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.1% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does S&P Global (SPGI) generate?

S&P Global (SPGI) generated $5.56B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 35.3%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of S&P Global (SPGI)?

S&P Global (SPGI) had an effective tax rate of 22.4% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of S&P Global (SPGI)?

S&P Global (SPGI) reports revenue across 5 reportable product segments, led by Market Intelligence Segment at 31.4% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does S&P Global (SPGI) generate most of its revenue?

UNITED STATES is the largest geographic market for S&P Global (SPGI), accounting for 61.1% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How S&P Global Makes Money: 2026 Visual Revenue Map

S&P Global (SPGI) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 28, 2026).

S&P Global (SPGI) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for S&P Global (SPGI) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Market Intelligence Segment	$4.94B	31.4%
Ratings Segment	$4.81B	30.6%
Commodity Insights	$2.07B	13.1%
Mobility	$2.01B	12.8%
Indices Segment	$1.90B	12.1%
Total	$15.73B	100%

Market Intelligence Segment$4.94B
Ratings Segment$4.81B
Commodity Insights$2.07B
Mobility$2.01B
Indices Segment$1.90B
Total$15.73B

S&P Global (SPGI) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for S&P Global (SPGI), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$9.61B	61.1%
Europe	$3.58B	22.7%
Asia	$1.69B	10.7%
Rest Of World	$860.00M	5.5%
Total	$15.73B	100%

UNITED STATES
Europe
Asia
Rest Of World
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, S&P Global (SPGI) reports revenue across 5 operating segments; the largest segment was Market Intelligence Segment at 31.4%, followed by Ratings Segment (30.6%) and Commodity Insights (13.1%). Separately, by end-market geography, UNITED STATES accounted for 61.1% of revenue, followed by Europe (22.7%) and Asia (10.7%).

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