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S&P Global Inc. (SPGI)
NYSE: SPGI · Real-Time Price · USD
448.93
-1.72 (-0.38%)
At close: Oct 27, 2026, 4:00 PM EDT
445.75
-3.18 (-0.71%)
Pre-market: Oct 28, 2026, 5:49 AM EDT

S&P Global Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
1,2181,3951,1341,1761,0711,0908809701,0119915797425107954336089721,235675
Depreciation & Amortization
30830729729429529330029429228729028228428727529730413741
Loss (Gain) From Sale of Assets
-11-172---3--38-21--1-119-50-12-555-1,344-6
Asset Writedown & Restructuring Costs
--324---206---246---319---31
Loss (Gain) From Sale of Investments
--3-270----------------
Stock-Based Compensation
56396975454770954933284651465417499432
Provision & Write-off of Bad Debts
121511119877141597486619-7-2
Other Operating Activities
11365-69-1062037950-153491-37133-118-92-4011571135299
Change in Accounts Receivable
39-131-56970121-222-26782291-185-227-20-6723-255-96200187-266
Change in Accounts Payable
243-64643831154-678376197274-602448-27250-343425-9733-318123
Change in Unearned Revenue
-43-76395-205-44181431-135-15884423-110-2261225-38-50-100357
Change in Income Taxes
-3063141484-223225-1227349192-237-61-46169-43-182-342432-103
Change in Other Net Operating Assets
-190-70-2675-183-70-15336-27042-18921-196-31076140-289-146-41
Operating Cash Flow
1,4391,0371,7481,5051,4459531,7401,4451,5569481,3341,0137695941,113814454222940
Operating Cash Flow Growth (YoY)
-0.41%8.81%0.46%4.15%-7.13%0.53%30.44%42.65%102.34%59.60%19.86%24.45%69.38%167.57%18.40%-15.82%-50.81%-71.09%-17.62%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-38-27-46-45-61-43-33-35-32-24-48-36-31-28-28-21-24-16-2
Cash Acquisitions
-14-12-1,973-25-12-13-41-3-260-1-3-7-14-272-32-33-20295-80
Divestitures
1634530415-7498-4-10295250-148882,6185
Investment in Securities
-3-151,517-356-237-3-35-4-82-3--6-4-1
Investing Cash Flow
-39291-472-101-52-79757-299-20-45-49909-253-61-568442,901-78

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Short-Term Debt Issued
-236-------250---710-----
Long-Term Debt Issued
-----------------5,395-
Total Debt Issued
1,8602361,708------250250-192-158710---5,395-
Short-Term Debt Repaid
------------------219-
Long-Term Debt Repaid
--3----4------------3,074-
Total Debt Repaid
--3----4---47---188--173--610-3,293-
Net Debt Issued (Repaid)
1,8602331,708---4---297250-4-158710173--6102,102-
Issuance of Common Stock
------------433-233
Repurchase of Common Stock
-557-1,091-2,531-1,207-691-710-1,364-1,510-1-548-1,325-502-1,005-575-1,026-2,512-1,508-7,069-2
Common Dividends Paid
-287-288-290-291-294-295-280-282-286-286-283-286-288-290-275-277-286-186-186
Other Financing Activities
-71-91-89-68-74-94-74-83-164-73-70-71-70-78-73-71339-55-56
Financing Cash Flow
945-1,237-1,202-1,566-1,059-1,103-1,718-1,875-748-657-1,678-855-1,517-230-1,198-2,860-2,063-5,205-241

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
-14-26-1-134432-6031-14-1834-25-4744-82-69-16-23
Net Cash Flow
2,3316573-175378-197-31-342495253-35584157118-102-2,184-834-2,098598

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
1,4011,0101,7021,4601,3849101,7071,4101,5249241,2869777385661,085793430206938
Free Cash Flow Growth (YoY)
1.23%10.99%-0.29%3.55%-9.19%-1.52%32.74%44.32%106.50%63.25%18.52%23.20%71.63%174.76%15.67%-17.31%-53.06%-72.53%-15.34%
Free Cash Flow Margin
33.79%24.21%43.46%37.55%36.86%24.09%47.52%39.44%42.94%26.47%40.80%31.68%23.80%17.91%36.94%27.72%14.37%8.62%44.92%
Free Cash Flow Per Share
4.743.395.634.794.522.965.534.534.872.944.073.072.311.763.342.401.270.753.87
Levered Free Cash Flow
1,2251,1181,8211,1451,088696.881,7901,2161,3406031,1458991,930610.63-49.258601,0241,230568.88
Unlevered Free Cash Flow
1,2791,1771,8541,1941,1367451,8331,2611,388651.131,192950.881,984663.133.88903.751,0801,265581.38

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
--390---391---369---240---130
Cash Income Tax Paid
--1,502---1,159---1,279---1,555---883
Change in Working Capital
-257-60925255-175-564265253186-469218-197-81-400428-273-4485570
SEC Filings: 10-K · 10-Q