S&P GLOBAL INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 13,088 | 29.6 |
| Stockholders' equity | 31,127 | 70.4 |
| Total capitalization | 44,215 | 100.0 |
296,000,000 shares outstanding at 24 April 2026 (cover page of the 10-Q filed 28 April 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 13,088 |
| Long-term debt, noncurrent | 12,370 |
| Current maturities | 718 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 600,000,000 |
| Common shares issued | 415,000,000 |
| Treasury shares | 109,000,000 |
| Par or stated value per share ($) | 1 |
| Outstanding at 4/24/26 | 296,000,000 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 3.84 | 26.2 |
| 2024 | 3.64 | 29.5 |
| 2023 | 3.60 | 43.7 |
| 2022 | 3.32 | 32.5 |
| 2021 | 3.08 | 24.6 |
HISTORY AND BUSINESS
HISTORY: Incorporated in New York. Formerly known as MCGRAW HILL FINANCIAL INC (to 3 May 2016); MCGRAW-HILL COMPANIES INC (to 30 April 2013); MCGRAW HILL INC (to 24 February 1995).
BUSINESS: Classified by the SEC under Standard Industrial Classification 7320, Services-Consumer Credit Reporting, Collection Agencies. Large accelerated filer. Principal executive office: 55 Water Street, New York, NY 10041. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 15,336 | 14,208 | 12,497 |
| Cost of revenues | 4,563 | 4,361 | 4,141 |
| Selling, general and administrative | 3,417 | 3,196 | 3,159 |
| Depreciation and amortization | 1,179 | 1,173 | 1,143 |
| Operating income | 6,478 | 5,580 | 4,020 |
| Interest expense | 287 | 297 | 334 |
| Income before income taxes | 6,227 | 5,308 | 3,671 |
| Income taxes | 1,407 | 1,141 | 778 |
| Net income | 4,471 | 3,852 | 2,626 |
| Earned per share, diluted ($) | 14.66 | 12.35 | 8.23 |
| Dividends per share ($) | 3.84 | 3.64 | 3.60 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,745 | 1,666 |
| Receivables, net | 3,441 | 2,867 |
| Total current assets | 6,296 | 5,459 |
| Property, plant and equipment, net | 278 | 265 |
| Goodwill | 36,475 | 34,917 |
| Total assets | 61,200 | 60,221 |
| Total current liabilities | 7,637 | 6,392 |
| Long-term debt | 12,370 | 11,394 |
| Total liabilities | 25,048 | 22,713 |
| Stockholders' equity | 31,127 | 33,159 |
| Total liabilities and equity | 61,200 | 60,221 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 15,336 | 6,478 | 4,471 | 29.2 | 14.66 | 3.84 | 5,651 | 195 | 5,456 | 61,200 | 25,048 | 13,088 | 31,127 | 14.4 | 0.42 |
| 12/31/24 | 14,208 | 5,580 | 3,852 | 27.1 | 12.35 | 3.64 | 5,689 | 124 | 5,565 | 60,221 | 22,713 | 11,398 | 33,159 | 11.6 | 0.34 |
| 12/31/23 | 12,497 | 4,020 | 2,626 | 21.0 | 8.23 | 3.60 | 3,710 | 143 | 3,567 | 60,589 | 22,489 | 11,459 | 34,200 | 7.7 | 0.34 |
| 12/31/22 | 11,181 | 4,944 | 3,248 | 29.0 | 10.20 | 3.32 | 2,603 | 89 | 2,514 | 61,784 | 22,040 | 10,956 | 36,388 | 8.9 | 0.30 |
| 12/31/21 | 8,297 | 4,221 | 3,024 | 36.4 | 12.51 | 3.08 | 3,598 | 35 | 3,563 | 15,026 | 9,490 | 4,114 | 2,032 | 148.8 | 2.02 |
| 12/31/20 | 7,442 | 3,617 | 2,339 | 31.4 | 9.66 | 2.68 | 3,567 | 76 | 3,491 | 12,537 | 9,185 | 4,110 | 509 | 459.5 | 8.07 |
| 12/31/19 | 6,699 | 3,226 | 2,123 | 31.7 | 8.60 | 2.28 | 2,776 | 115 | 2,661 | 11,348 | 8,544 | 3,948 | 479 | 443.2 | 8.24 |
| 12/31/18 | 6,258 | 2,790 | 1,958 | 31.3 | 7.73 | 2.00 | 2,064 | 113 | 1,951 | 9,441 | 7,137 | 3,662 | 628 | 311.8 | 5.83 |
| 12/31/17 | 6,063 | 2,583 | 1,496 | 24.7 | 5.78 | 1.64 | 2,016 | 123 | 1,893 | 9,425 | 7,307 | 3,569 | 709 | 211.0 | 5.03 |
| 12/31/16 | 5,661 | 3,341 | 2,106 | 37.2 | 7.94 | 1.44 | 1,560 | 115 | 1,445 | 8,669 | 6,888 | 3,564 | 650 | 324.0 | 5.48 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
S&P Global Inc.
CIK 64040 · EIN 13-1026995
PRINCIPAL OFFICE:
55 Water Street, New York, NY 10041
Tel.: 212-438-1000
INCORPORATED:
New York
INDUSTRY (SEC SIC CODE):
7320 · Services-Consumer Credit Reporting, Collection Agencies
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 11 February 2026
FORMER NAMES:
MCGRAW HILL FINANCIAL INC; MCGRAW-HILL COMPANIES INC; MCGRAW HILL INC
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/11/26) · 10-K FY2023 (filed 2/9/24) · 10-K FY2022 (filed 2/10/23) · 10-K FY2021 (filed 2/8/22) · 10-K FY2020 (filed 2/9/21) · 10-K FY2019 (filed 2/10/20) · 10-K FY2018 (filed 2/13/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.