S&P Global income statement

In fiscal 2025, S&P Global reported revenue of $15.34bn, up 7.9% on the year before, operating income of $6.48bn (a 42.2% margin) and net income of $4.47bn, or $14.66 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

S&P Global: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	5.9	3.6	4.0	4.3	4.7	5.1	5.3	5.7	6.1	6.3	6.7	7.4	8.3	11.2	12.5	14.2	15.3	17.2
Cost of revenue	2.3	1.2	1.4	1.4	1.6	1.7	1.7	1.8	1.7	1.8	2.0	2.1	2.2	3.8	4.1	4.4	4.6	5.0
Gross profit	3.5	2.4	2.6	2.8	3.1	3.4	3.6	3.9	4.4	4.4	4.7	5.3	6.1	7.4	8.4	9.8	10.8	12.2
Selling, general and administrative	2.1	1.3	1.4	1.6	1.6	3.1	1.5	1.5	1.6	1.4	1.3	1.5	1.7	3.4	3.2	3.2	3.4	3.7
Operating income	1.3	1.0	1.1	1.2	1.4	0.1	1.9	3.3	2.6	2.8	3.2	3.6	4.2	4.9	4.0	5.6	6.5	7.8
Interest expense	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.3	0.3	0.3	0.3	0.3
Income before tax	1.2	0.9	1.0	1.1	1.3	0.1	1.8	3.2	2.5	2.7	2.9	3.2	4.2	4.7	3.7	5.3	6.2	7.5
Income tax	0.4	0.3	0.4	0.4	0.4	0.2	0.5	1.0	0.8	0.6	0.6	0.7	0.9	1.2	0.8	1.1	1.4	1.8
Net income	0.7	0.8	0.9	0.4	1.4	−0.1	1.2	2.1	1.5	2.0	2.1	2.3	3.0	3.2	2.6	3.9	4.5	5.0
Diluted EPS	$2.33	$2.65	$3.00	$1.53	$4.91	−$0.42	$4.21	$7.94	$5.78	$7.73	$8.60	$9.66	$12.51	$10.20	$8.23	$12.35	$14.66	$16.80
Diluted shares (average)	313m	312m	304m	285m	280m	272m	275m	265m	259m	253m	247m	242m	242m	319m	319m	312m	305m	297m
EBITDA	1.7	1.1	1.2	1.3	1.5	0.2	2.1	3.5	2.8	3.0	3.4	3.8	4.4	6.0	5.2	6.8	7.7	9.0

US$ millions unless shown otherwise. Fiscal quarters.

S&P Global: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	3,592	3,777	3,755	3,443	5,219	4,171	4,146	3,678
Cost of revenue	1,107	1,153	1,119	986	1,567	1,235	1,165	1,034
Gross profit	2,485	2,624	2,636	2,457	3,652	2,936	2,981	2,644
Selling, general and administrative	926	764	803	693	1,385	802	873	660
Operating income	1,309	1,578	1,551	1,556	2,002	2,002	1,812	1,956
Interest expense	70	78	77	79	54	96	87	87
Income before tax	1,254	1,496	1,502	1,479	1,959	1,908	1,729	1,873
Income tax	287	325	342	312	489	404	406	467
Net income	880	1,090	1,072	1,176	1,134	1,395	1,217	1,240
Diluted EPS	$2.85	$3.54	$3.50	$3.86	$3.76	$4.69	$4.12	$4.25
EBITDA	2,412	1,603	1,577	1,581	3,113	2,033	1,844	1,985

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from S&P Global's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to S&P Global.