S&P Global Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.34B | $14.21B | $12.50B | $11.18B | $8.30B | $7.44B | $6.70B | $6.26B |
| Ratings | $4.72B | $4.37B | $3.33B | $3.05B | $4.10B | $3.61B | $3.11B | $2.88B |
| Market Intelligence | $4.92B | $4.65B | $4.38B | $3.81B | $2.19B | $2.05B | $1.96B | $1.83B |
| Commodity Insights | $2.30B | $2.14B | $1.95B | $1.69B | $1.01B | $938.0M | $844.0M | $815.0M |
| Indices | $1.85B | $1.63B | $1.40B | $1.34B | $1.15B | $989.0M | $918.0M | $837.0M |
| Mobility | $1.75B | $1.61B | $1.48B | $1.14B | — | — | — | — |
| Engineering Solutions | — | — | $133.0M | $323.0M | — | — | — | — |
| Corporate/Eliminations | $-200.0M | $-186.0M | $-177.0M | $-169.0M | $-146.0M | $-137.0M | $-128.0M | $-110.0M |
| Cost of Revenue | $4.56B | $4.36B | $4.14B | $3.75B | $2.18B | $2.09B | $1.98B | $1.84B |
| Gross Profit | $10.77B | $9.85B | $8.36B | $7.43B | $6.12B | $5.35B | $4.72B | $4.42B |
| Gross Margin | 70.2% | 69.3% | 66.9% | 66.4% | 73.7% | 71.9% | 70.5% | 70.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $3.42B | $3.20B | $3.16B | $3.40B | $1.73B | $1.54B | $1.34B | $1.42B |
| Operating Income | $6.48B | $5.58B | $4.02B | $4.94B | $4.22B | $3.62B | $3.23B | $2.79B |
| Operating Margin | 42.2% | 39.3% | 32.2% | 44.2% | 50.9% | 48.6% | 48.2% | 44.6% |
| Interest Expense | — | — | $334.0M | $304.0M | $119.0M | $141.0M | $141.0M | $134.0M |
| Pretax Income | $6.23B | $5.31B | $3.67B | $4.70B | $4.16B | $3.23B | $2.93B | $2.68B |
| Income Tax Expense | $1.41B | $1.14B | $778.0M | $1.18B | $901.0M | $694.0M | $627.0M | $560.0M |
| Net Income | $4.47B | $3.85B | $2.63B | $3.25B | $3.02B | $2.34B | $2.12B | $1.96B |
| Net Margin | 29.2% | 27.1% | 21.0% | 29.0% | 36.4% | 31.4% | 31.7% | 31.3% |
| EPS (Basic) | $14.67 | $12.36 | $8.25 | $10.25 | $12.56 | $9.71 | $8.65 | $7.80 |
| EPS (Diluted) | $14.66 | $12.35 | $8.23 | $10.20 | $12.51 | $9.66 | $8.60 | $7.73 |
| Shares Outstanding (Basic) | 304.8M | 311.6M | 318.4M | 316.9M | 240.8M | 241.0M | 245.4M | 250.9M |
| Shares Outstanding (Diluted) | 305.1M | 311.9M | 318.9M | 318.5M | 241.8M | 242.1M | 246.9M | 253.2M |
| Dividends Per Share | $3.84 | $3.64 | $3.60 | $3.32 | $3.08 | $2.68 | $2.28 | $2.00 |