S&P Global Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	15,336	14,208	12,497	11,181	8,297
Revenue Growth (YoY)	7.94%	13.69%	11.77%	34.76%	11.49%
Cost of Revenue	4,563	4,361	4,141	3,753	2,180
Gross Profit	10,773	9,847	8,356	7,428	6,117
Selling, General & Admin	3,129	2,882	2,640	2,474	1,407
Amortization of Goodwill & Intangibles	1,069	1,077	1,042	905	96
Operating Expenses	4,308	4,055	3,783	3,487	1,585
Operating Income	6,465	5,792	4,573	3,941	4,532
Interest Expense	-283	-293	-330	-300	-114
Earnings From Equity Investments	28	43	36	27	-
Currency Exchange Gain (Loss)	-4	-4	-4	-4	-5
EBT Excluding Unusual Items	6,206	5,538	4,275	3,664	4,413
Merger & Restructuring Charges	-205	-258	-498	-903	-274
Gain (Loss) on Sale of Investments	287	60	-85	59	17
Gain (Loss) on Sale of Assets	-	-	-	1,898	11
Asset Writedown	-22	-3	-21	-18	-3
Legal Settlements	3	-20	-	-	-
Other Unusual Items	-42	-9	-	2	-
Pretax Income	6,227	5,308	3,671	4,702	4,164
Income Tax Expense	1,407	1,141	778	1,180	901
Earnings From Continuing Operations	4,820	4,167	2,893	3,522	3,263
Minority Interest in Earnings	-349	-315	-267	-274	-239
Net Income	4,471	3,852	2,626	3,248	3,024
Net Income to Common	4,471	3,852	2,626	3,248	3,024
Net Income Growth	16.07%	46.69%	-19.15%	7.41%	29.29%
Shares Outstanding (Basic)	305	312	318	317	241
Shares Outstanding (Diluted)	305	312	319	319	242
Shares Change (YoY)	-2.18%	-2.20%	0.13%	31.72%	-0.12%
EPS (Basic)	14.67	12.36	8.25	10.25	12.56
EPS (Diluted)	14.66	12.35	8.23	10.20	12.51
EPS Growth	18.70%	50.06%	-19.31%	-18.46%	29.50%
Free Cash Flow	5,456	5,565	3,567	2,514	3,563
Free Cash Flow Per Share	17.88	17.84	11.19	7.89	14.73
Dividend Per Share	3.840	3.640	3.600	3.320	3.080
Dividend Growth	5.50%	1.11%	8.43%	7.79%	14.92%
Gross Margin	70.25%	69.31%	66.86%	66.43%	73.72%
Operating Margin	42.16%	40.77%	36.59%	35.25%	54.62%
Profit Margin	29.15%	27.11%	21.01%	29.05%	36.45%
Free Cash Flow Margin	35.58%	39.17%	28.54%	22.48%	42.94%
EBITDA	7,644	6,965	5,716	4,954	4,710
EBITDA Margin	49.84%	49.02%	45.74%	44.31%	56.77%
D&A For EBITDA	1,179	1,173	1,143	1,013	178
EBIT	6,465	5,792	4,573	3,941	4,532
EBIT Margin	42.16%	40.77%	36.59%	35.25%	54.62%
Effective Tax Rate	22.60%	21.50%	21.19%	25.10%	21.64%
Advertising Expenses	252	229	209	177	39

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q