S&P Global (SPGI) stock
Financials · Financial Exchanges & Data
S&P Global (SPGI) is a Financial Exchanges & Data company in the Financials sector, headquartered in New York City, New York. As of October 23, 2026, SPGI closed at $450.31, a market capitalization of $132.75 billion, the 92nd largest company in the S&P 500. Over the last twelve months it generated $16.12 billion in revenue (+10% year over year) and $5.57 billion in free cash flow. The stock trades at 27.4x trailing earnings and 22.3x forward earnings.
- 1-year total return: -0.5% (dividends reinvested)
- 5-year return: +2.0% a year
- 52-week range: $361.03 – $522.47
- Gross margin 70.9%, operating margin 44.8%
- Dividend yield: 0.86%, 40 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 16th largest of 76 Financials stocks in the S&P 500
SPGI price chart
1Y price change: -1.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| SPGI | +10.8% | -8.3% | -0.5% | +11.7% | +2.0% | +15.4% | +14.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1973.
SPGI key statistics
- Market cap
- $132.8B
- #92 in S&P 500
- P/E (TTM)
- 27.4x
- Forward P/E
- 22.3x
- EPS (TTM)
- $16.43
- Revenue (TTM)
- $16.1B
- +10%
- Free cash flow
- $5.6B
- Gross margin
- 70.9%
- Operating margin
- 44.8%
- Return on equity
- 14.3%
- Dividend yield
- 0.86%
- 52-week range
- $361.03 – $522.47
- Beta
- 1.09
- Price / sales
- 8.2x
- EV / EBITDA
- 18.4x
- Debt / equity
- 0.43x
- Employees
- 44,500
SPGI report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth10.4%B
- Gross margin70.9%A
- Operating margin44.8%A
- FCF margin34.6%A
- Return on equity14.3%C
- Net debt / EBITDA1.4xC
- Forward P/E22.3xC
- PEG ratio2.1xD
- Shareholder yield4.6%B
- Share count change / yr4.7%F
S&P Global financials
Revenue went from $5.7B in fiscal 2016 to $15.3B in fiscal 2025, growing 11.7% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.7B | $6.1B | $6.3B | $6.7B | $7.4B | $8.3B | $11.2B | $12.5B | $14.2B | $15.3B |
| Gross profit | $3.9B | $4.4B | $4.4B | $4.7B | $5.3B | $6.1B | $7.4B | $8.4B | $9.8B | $10.8B |
| Operating income | $3.3B | $2.6B | $2.8B | $3.2B | $3.6B | $4.2B | $4.9B | $4.0B | $5.6B | $6.5B |
| Net income | $2.1B | $1.5B | $2.0B | $2.1B | $2.3B | $3.0B | $3.2B | $2.6B | $3.9B | $4.5B |
| EPS (diluted) | $7.51 | $5.47 | $7.31 | $8.14 | $9.14 | $11.84 | $9.65 | $7.79 | $11.68 | $13.87 |
| Free cash flow | $1.4B | $1.9B | $2.0B | $2.7B | $3.5B | $3.6B | $2.5B | $3.6B | $5.6B | $5.5B |
| Buybacks | $1.1B | $1.0B | $1.7B | $1.2B | $1.2B | $0 | $12.0B | $3.3B | $3.3B | $5.0B |
| Dividends paid | $380.0M | $421.0M | $503.0M | $560.0M | $645.0M | $743.0M | $1.0B | $1.1B | $1.1B | $1.2B |
| Diluted shares | 280.3M | 273.7M | 267.6M | 261.0M | 255.9M | 255.6M | 336.7M | 337.1M | 329.7M | 322.5M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into SPGI?
A reverse DCF asks what growth the current price requires. With an enterprise value of $144.4B and $5.6B of trailing free cash flow, S&P Global needs to grow free cash flow about 17.1% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 9.3% a year over the last five years.
P/E ratio history
Current 32.5x vs. median 28.7x (10th–90th percentile 13.6x–45.3x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
SPGI dividend
- Dividend yield
- 0.86%
- Annual dividend
- $3.88
- Years of increases
- 40
- 5-yr dividend growth
- 7.5%
- per year
- Payout ratio
- 23%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
SPGI analyst price targets
21 analysts' average 12-month target is $514.05 (+14% vs. $450.31). Targets range from $477.00 to $553.00. 96% rate it a buy.
SPGI earnings
Next report: October 27, 2026. Last quarter's revenue was $4.1B (+10% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $5.02 | $4.87 | -2.9% |
| Apr 28, 2026 | $4.82 | $4.97 | +3.2% |
| Feb 10, 2026 | $4.34 | $4.30 | -0.8% |
| Oct 30, 2025 | $4.41 | $4.73 | +7.3% |
| Jul 31, 2025 | $4.22 | $4.43 | +4.9% |
| Apr 29, 2025 | $4.21 | $4.37 | +3.9% |
| Feb 11, 2025 | $3.47 | $3.77 | +8.6% |
| Oct 24, 2024 | $3.64 | $3.89 | +6.8% |
Stocks like SPGI
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|---|---|---|---|---|---|
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SPGI news
- S&P Global’s AI Transition Faces Q3 Moment of Truth Oct. 27: Kensho APIs and $11T Refinancing Wall Need to Outrun Sales Bottlenecks · Oct 24, 2026
- S&P Global (SPGI) Could Be 19% Overvalued Following Its Shelf Registration · Oct 23, 2026
- SPGI Gears Up to Report Q3 Earnings: Here's What Investors Should Know · Oct 23, 2026
- S&P upgrades EssilorLuxottica to ’A+’ on strength of medtech pivot · Oct 23, 2026
- Is Current Price Of Verisk Stock A Strong Support? · Oct 24, 2026
SPGI stock FAQ
What is SPGI's market cap?
S&P Global's market capitalization is $132.75 billion as of October 23, 2026, ranking 92nd in the S&P 500.
What is SPGI's P/E ratio?
SPGI trades at a trailing price-to-earnings ratio of 27.4x and a forward P/E of 22.3x. Its median P/E over the period we track is 28.7x.
Does SPGI pay a dividend?
Yes. S&P Global pays $3.88 per share a year, a 0.86% yield. It has raised its dividend 40 years in a row. Dividends grew 7.5% a year over the last five years.
How much has SPGI stock returned?
Including reinvested dividends, SPGI returned -0.5% over one year, +2.0% a year over five years, +15.4% a year over ten years through October 23, 2026.
Is SPGI stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies S&P Global must grow free cash flow about 17% a year for the next decade. Its free cash flow grew 9% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the SPGI price target?
21 analysts cover SPGI with an average 12-month price target of $514.05, +14% from the current price. 96% of them rate it a buy.
When does SPGI report earnings?
S&P Global is expected to report earnings on October 27, 2026.
How many employees does S&P Global have?
S&P Global has about 44,500 full-time employees, or $362,292 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology