Revenue
3.68 billion USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 3678000000 USD Source
Fundies. English
S&P Global Inc.
EDGARAnnual consolidated revenue for 2025: about USD 15.34B, using the latest reported figures. The previous period, 2024, was about USD 14.21B.
Latest quarter
Operating margin
53.18%
2026 Q3 · %
Operating cash flow
1.19 billion USD
2026 Q3 · USD
- Cash and cash equivalents
- 2.44 billion USD Source
Exact value
2441000000 USD
- Long-term debt including current maturities
- 13.1 billion USD Source
Exact value
13062000000 USD
- Shares outstanding
- 290 million shares Source
Exact value
289900000 shares
Reported share-count change
-4.45% · -13.5 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Net income
4.99 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-28.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 11 of 11 periods available· newest 2025-12-31
- Operating income: 11 of 11 periods available· newest 2025-12-31
- Net income: 11 of 11 periods available· newest 2025-12-31
- Operating cash flow: 11 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 11 of 11 periods available· newest 2025-12-31
- Total liabilities: 11 of 11 periods available· newest 2025-12-31
- Current assets: 11 of 11 periods available· newest 2025-12-31
- Current liabilities: 11 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 8 of 11 periods available· newest 2025-12-31
- Shares outstanding: 11 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+7.9%Prior period
USD 14.21 billion
–
Current period
USD 15.34 billion
–
Exact inputs and evidence
15336000000 − 14208000000 = 1128000000 USD
14208000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source15336000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+16.1%Prior period
USD 3.85 billion
–
Current period
USD 4.47 billion
–
Exact inputs and evidence
4471000000 − 3852000000 = 619000000 USD
3852000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source4471000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-0.7%Prior period
USD 5.69 billion
–
Current period
USD 5.65 billion
–
Exact inputs and evidence
5651000000 − 5689000000 = -38000000 USD
5689000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source5651000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 15.34 billion 100% of revenue
- Operating costs Derived USD 8.86 billion 58% of revenue
- Operating income USD 6.48 billion 42% of revenue
- Tax, interest and other Derived USD 2.01 billion 13% of revenue
- Net income USD 4.47 billion 29% of revenue
Cash
- Operating cash flow USD 5.65 billion 37% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 37%22%41%
- 2017 25%18%57%
- 2018 31%13%55%
- 2019 32%16%52%
- 2020 31%17%51%
- 2021 36%14%49%
- 2022 29%15%56%
- 2023 21%11%68%
- 2024 27%12%61%
- 2025 29%13%58%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 5661000000 | 2320000000 Derived | 3341000000 | 1235000000 Derived | 2106000000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 6063000000 | 3480000000 Derived | 2583000000 | 1087000000 Derived | 1496000000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 6258000000 | 3468000000 Derived | 2790000000 | 832000000 Derived | 1958000000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 6699000000 | 3473000000 Derived | 3226000000 | 1103000000 Derived | 2123000000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 7442000000 | 3825000000 Derived | 3617000000 | 1278000000 Derived | 2339000000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 8297000000 | 4076000000 Derived | 4221000000 | 1197000000 Derived | 3024000000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 11181000000 | 6237000000 Derived | 4944000000 | 1696000000 Derived | 3248000000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 12497000000 | 8477000000 Derived | 4020000000 | 1394000000 Derived | 2626000000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 14208000000 | 8628000000 Derived | 5580000000 | 1728000000 Derived | 3852000000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 15336000000 | 8858000000 Derived | 6478000000 | 2007000000 Derived | 4471000000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 15.3B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 5661000000 |
|
| 2017 | Revenue | 6063000000 |
|
| 2018 | Revenue | 6258000000 |
|
| 2019 | Revenue | 6699000000 |
|
| 2020 | Revenue | 7442000000 |
|
| 2021 | Revenue | 8297000000 |
|
| 2022 | Revenue | 11181000000 |
|
| 2023 | Revenue | 12497000000 |
|
| 2024 | Revenue | 14208000000 |
|
| 2025 | Revenue | 15336000000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
7.9% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | 6.5% |
|
| 2017 | Year over year | 7.1% |
|
| 2018 | Year over year | 3.2% |
|
| 2019 | Year over year | 7% |
|
| 2020 | Year over year | 11.1% |
|
| 2021 | Year over year | 11.5% |
|
| 2022 | Year over year | 34.8% |
|
| 2023 | Year over year | 11.8% |
|
| 2024 | Year over year | 13.7% |
|
| 2025 | Year over year | 7.9% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 42.2% 2025
Net margin 29.2% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 59% |
|
| 2017 | Operating margin | 42.6% |
|
| 2018 | Operating margin | 44.6% |
|
| 2019 | Operating margin | 48.2% |
|
| 2020 | Operating margin | 48.6% |
|
| 2021 | Operating margin | 50.9% |
|
| 2022 | Operating margin | 44.2% |
|
| 2023 | Operating margin | 32.2% |
|
| 2024 | Operating margin | 39.3% |
|
| 2025 | Operating margin | 42.2% |
|
| 2016 | Net margin | 37.2% |
|
| 2017 | Net margin | 24.7% |
|
| 2018 | Net margin | 31.3% |
|
| 2019 | Net margin | 31.7% |
|
| 2020 | Net margin | 31.4% |
|
| 2021 | Net margin | 36.4% |
|
| 2022 | Net margin | 29% |
|
| 2023 | Net margin | 21% |
|
| 2024 | Net margin | 27.1% |
|
| 2025 | Net margin | 29.2% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 5.7B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 1560000000 |
|
| 2017 | Operating cash flow | 2016000000 |
|
| 2018 | Operating cash flow | 2064000000 |
|
| 2019 | Operating cash flow | 2776000000 |
|
| 2020 | Operating cash flow | 3567000000 |
|
| 2021 | Operating cash flow | 3598000000 |
|
| 2022 | Operating cash flow | 2603000000 |
|
| 2023 | Operating cash flow | 3710000000 |
|
| 2024 | Operating cash flow | 5689000000 |
|
| 2025 | Operating cash flow | 5651000000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
40.9% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 79.5% |
|
| 2017 | Liabilities / assets | 77.5% |
|
| 2018 | Liabilities / assets | 75.6% |
|
| 2019 | Liabilities / assets | 75.3% |
|
| 2020 | Liabilities / assets | 73.3% |
|
| 2021 | Liabilities / assets | 63.2% |
|
| 2022 | Liabilities / assets | 35.7% |
|
| 2023 | Liabilities / assets | 37.1% |
|
| 2024 | Liabilities / assets | 37.7% |
|
| 2025 | Liabilities / assets | 40.9% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
0.82× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 1.41× |
|
| 2017 | Current assets / current liabilities | 1.35× |
|
| 2018 | Current assets / current liabilities | 1.36× |
|
| 2019 | Current assets / current liabilities | 1.52× |
|
| 2020 | Current assets / current liabilities | 1.67× |
|
| 2021 | Current assets / current liabilities | 2.31× |
|
| 2022 | Current assets / current liabilities | 0.94× |
|
| 2023 | Current assets / current liabilities | 0.84× |
|
| 2024 | Current assets / current liabilities | 0.85× |
|
| 2025 | Current assets / current liabilities | 0.82× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 2.11 billion Exact valueExact value: 2106000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.56 billion Exact valueExact value: 1560000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 1.5 billion Exact valueExact value: 1496000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.02 billion Exact valueExact value: 2016000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 1.96 billion Exact valueExact value: 1958000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.06 billion Exact valueExact value: 2064000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 2.12 billion Exact valueExact value: 2123000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.78 billion Exact valueExact value: 2776000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | USD 2.34 billion Exact valueExact value: 2339000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.57 billion Exact valueExact value: 3567000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 3.02 billion Exact valueExact value: 3024000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.6 billion Exact valueExact value: 3598000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 3.25 billion Exact valueExact value: 3248000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.6 billion Exact valueExact value: 2603000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 2.63 billion Exact valueExact value: 2626000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.71 billion Exact valueExact value: 3710000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 3.85 billion Exact valueExact value: 3852000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 5.69 billion Exact valueExact value: 5689000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 4.47 billion Exact valueExact value: 4471000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 5.65 billion Exact valueExact value: 5651000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
153 filings · 25,339 latest values · 25,339 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0000064040, 64040, SPGI, edgar:64040
Also known as MCGRAW HILL FINANCIAL INC, MCGRAW HILL INC, MCGRAW-HILL COMPANIES INC, MCGRAW-HILL COMPANIES INC , S&P Global Inc., S&P Global Inc.