S&P Global Inc. (SPGI)
NYSE: SPGI · Real-Time Price · USD
424.36
-15.47 (-3.52%)
At close: Jul 28, 2026, 4:00 PM EDT
426.00
+1.64 (0.39%)
After-hours: Jul 28, 2026, 7:59 PM EDT
S&P Global Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 1,324 | 1,504 | 1,224 | 1,265 | 1,160 | 1,171 | 967 | 1,046 | 1,086 | 1,068 | 644 | 814 | 575 | 860 | 494 | 678 | 1,051 | 1,299 | 736 | 861 |
Depreciation & Amortization | 308 | 307 | 297 | 294 | 295 | 293 | 300 | 294 | 292 | 287 | 290 | 282 | 284 | 287 | 275 | 297 | 304 | 137 | 41 | 42 |
Stock-Based Compensation | 56 | 39 | 69 | 75 | 45 | 47 | 70 | 95 | 49 | 33 | 28 | 46 | 51 | 46 | 54 | 17 | 49 | 94 | 32 | 40 |
Other Adjustments | 8 | -204 | -214 | -184 | 120 | 6 | -83 | -243 | -57 | 29 | 59 | 68 | -60 | -199 | -193 | 95 | -502 | -1,363 | 4 | 58 |
Change in Receivables | 39 | -131 | -569 | 70 | 121 | -222 | -267 | 82 | 291 | -185 | -227 | -20 | -67 | 23 | -255 | -96 | 200 | 187 | -266 | -31 |
Changes in Accounts Payable | 243 | -646 | 438 | 31 | 154 | -678 | 376 | 197 | 274 | -602 | 448 | -27 | 250 | -343 | 425 | -97 | 33 | -318 | 123 | 114 |
Changes in Income Taxes Payable | -306 | 314 | 14 | 84 | -223 | 225 | -122 | 73 | 49 | 192 | -237 | -61 | -46 | 169 | -43 | -182 | -342 | 432 | -103 | -33 |
Changes in Unearned Revenue | -43 | -76 | 395 | -205 | -44 | 181 | 431 | -135 | -158 | 84 | 423 | -110 | -203 | 61 | 225 | -38 | -50 | -100 | 357 | -83 |
Changes in Other Operating Activities | -190 | -70 | -26 | 75 | -183 | -70 | -153 | 36 | -270 | 42 | -189 | 21 | -15 | -310 | 240 | 140 | -289 | -146 | -41 | -1 |
Operating Cash Flow | 1,439 | 1,037 | 1,748 | 1,505 | 1,445 | 953 | 1,740 | 1,445 | 1,556 | 948 | 1,334 | 1,013 | 769 | 594 | 1,113 | 814 | 454 | 222 | 940 | 967 |
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% | 19.53% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -38 | -27 | -46 | -45 | -61 | -43 | -33 | -35 | -32 | -24 | -48 | -36 | -31 | -28 | -28 | -21 | -24 | -16 | -2 | -8 |
Cash Acquisitions | -14 | -12 | -1,973 | -25 | -12 | -13 | -41 | -3 | -260 | -1 | -3 | -7 | -14 | -272 | -32 | -33 | -20 | 295 | -80 | -9 |
Proceeds from Business Divestments | 16 | 345 | 1,530 | 4 | 15 | - | 74 | 98 | - | - | 10 | 2 | 952 | 50 | -1 | 4 | 888 | 2,618 | 5 | 9 |
Other Investing Activities | -3 | -15 | 17 | -35 | 6 | -23 | 7 | -3 | -3 | 5 | -4 | -8 | 2 | -3 | 0 | -6 | 0 | 4 | -1 | -1 |
Investing Cash Flow | -39 | 291 | -472 | -101 | -52 | -79 | 7 | 57 | -299 | -20 | -45 | -49 | 909 | -253 | -61 | -56 | 844 | 2,901 | -78 | -9 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Short-Term Debt Issued | -126 | 236 | 357.5 | 357.5 | - | - | - | - | - | 250 | 0 | -740 | -158 | 710 | 187 | 0 | 0 | -219 | - | - |
Net Short-Term Debt Issued (Repaid) | -126 | 236 | 357.5 | 357.5 | - | - | - | - | - | 250 | 0 | -740 | -158 | 710 | 187 | 0 | 0 | -219 | - | - |
Long-Term Debt Issued | - | - | 496.5 | 496.5 | - | - | - | - | - | - | 0 | - | - | - | 0 | 0 | 0 | 5,395 | - | - |
Long-Term Debt Repaid | 0 | -3 | 0 | 0 | 0 | -4 | 0 | 0 | -47 | - | - | - | - | - | -14 | 0 | -610 | -3,074 | - | - |
Net Long-Term Debt Issued (Repaid) | 0 | -3 | 496.5 | 496.5 | 0 | -4 | 0 | 0 | -47 | - | 0 | - | - | - | -14 | 0 | -610 | 2,321 | - | - |
Issuance of Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1 | - | - | 3 | 3 |
Repurchase of Common Stock | -500 | -1,000 | -2,500 | -1,200 | -651 | -650 | -1,300 | -1,501 | 0 | -500 | -1,300 | -500 | -1,001 | -500 | -1,001 | -2,500 | -1,500 | -7,003 | - | - |
Net Common Stock Issued (Repurchased) | -500 | -1,000 | -2,500 | -1,200 | -651 | -650 | -1,300 | -1,501 | 0 | -500 | -1,300 | -500 | -1,001 | -500 | -1,001 | -2,501 | -1,500 | -7,003 | 3 | 3 |
Common Dividends Paid | -287 | -288 | -290 | -291 | -294 | -295 | -280 | -282 | -286 | -286 | -283 | -286 | -288 | -290 | -275 | -277 | -286 | -186 | -186 | -186 |
Other Financing Activities | -71 | -182 | -89 | -66 | -74 | -154 | -74 | -83 | -61 | -121 | -70 | -71 | -66 | -150 | -73 | -82 | -79 | -118 | -58 | -63 |
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 | -246 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | -14 | -26 | -1 | -13 | 44 | 32 | -60 | 31 | -14 | -18 | 34 | -25 | -4 | 7 | 44 | -82 | -69 | -16 | -23 | -26 |
Net Cash Flow | 2,331 | 65 | 73 | -175 | 378 | -197 | -31 | -342 | 495 | 253 | -355 | 84 | 157 | 118 | -102 | -2,184 | -834 | -2,098 | 598 | 686 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 1,401 | 1,010 | 1,702 | 1,460 | 1,384 | 910 | 1,707 | 1,410 | 1,524 | 924 | 1,286 | 977 | 738 | 566 | 1,085 | 793 | 430 | 206 | 938 | 959 |
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% | 22.32% |
FCF 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% | 45.95% |
Free Cash Flow Per Share | 4.74 | 3.39 | 5.63 | 4.79 | 4.52 | 2.96 | 5.53 | 4.53 | 4.87 | 2.94 | 4.07 | 3.07 | 2.31 | 1.76 | 3.34 | 2.40 | 1.27 | 0.75 | 3.87 | 3.97 |
Levered Free Cash Flow | 1,065 | 1,430 | 3,060 | 2,264 | 1,010 | 994 | 1,679 | 1,401 | 1,119 | 1,220 | 1,266 | 71 | 592 | 1,341 | 1,700 | 707 | -6 | 3,326 | 1,050 | 828 |
Unlevered Free Cash Flow | 1,361 | 1,380 | 2,328 | 1,554 | 1,127 | 1,135 | 1,799 | 1,526 | 1,288 | 1,098 | 1,406 | 941.08 | 859.5 | 763.29 | 1,659 | 796.77 | 743.45 | 1,303 | 1,124 | 899.22 |