# S&P Global Inc. (SPGI) FY2025 Annual P&L / Income Statement - Company: S&P Global Inc. (SPGI) - Period: 2025-01-01 to 2025-12-31 - Filing: FY2025 10-K, filed 2026-02-11, accession number 0000064040-26-000013 - Page: https://plicit.ai/financials/spgi/fy2025-annual-income-statement - Chart image: https://plicit.ai/charts/spgi-fy2025-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 15,336,000,000 US dollars - **Operating-related expenses**: 4,563,000,000 US dollars - **Gross profit (calculated)**: 10,773,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: 4,295,000,000 US dollars - **Operating profit**: 6,478,000,000 US dollars - **Other income (expense), net (calculated)**: negative 251,000,000 US dollars - **Income before taxes on income**: 6,227,000,000 US dollars - **Provision for taxes on income**: 1,407,000,000 US dollars - **Net income**: 4,820,000,000 US dollars - **Subscription**: 7,865,000,000 US dollars - **Non-subscription / Transaction**: 3,144,000,000 US dollars - **Non-transaction**: 2,054,000,000 US dollars - **Asset-linked fees**: 1,206,000,000 US dollars - **Sales usage-based royalties**: 444,000,000 US dollars - **Recurring variable**: 623,000,000 US dollars - **Selling and general expenses**: 3,417,000,000 US dollars - **Depreciation**: 110,000,000 US dollars - **Amortization of intangibles**: 1,069,000,000 US dollars - **(Gain) loss on dispositions, net**: negative 273,000,000 US dollars - **Equity in income on unconsolidated subsidiaries**: negative 28,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/spgi/fy2025-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/spgi-fy2025-annual-revenue-by-business-segment-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 15,336,000,000 US dollars - **Operating-related expenses**: 4,563,000,000 US dollars - **Gross profit (calculated)**: 10,773,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: 4,295,000,000 US dollars - **Operating profit**: 6,478,000,000 US dollars - **Other income (expense), net (calculated)**: negative 251,000,000 US dollars - **Income before taxes on income**: 6,227,000,000 US dollars - **Provision for taxes on income**: 1,407,000,000 US dollars - **Net income**: 4,820,000,000 US dollars - **Market Intelligence**: 4,902,000,000 US dollars - **Ratings**: 4,549,000,000 US dollars - **Energy**: 2,299,000,000 US dollars - **Mobility**: 1,747,000,000 US dollars - **Indices**: 1,839,000,000 US dollars - **Engineering Solutions**: 0 US dollars - **Selling and general expenses**: 3,417,000,000 US dollars - **Depreciation**: 110,000,000 US dollars - **Amortization of intangibles**: 1,069,000,000 US dollars - **(Gain) loss on dispositions, net**: negative 273,000,000 US dollars - **Equity in income on unconsolidated subsidiaries**: negative 28,000,000 US dollars - **Market Intelligence costs (calculated)**: 3,911,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Ratings costs (calculated)**: 1,536,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Energy costs (calculated)**: 1,356,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Mobility costs (calculated)**: 1,369,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Indices costs (calculated)**: 568,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Engineering Solutions costs (calculated)**: 0 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: 118,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/spgi/fy2025-annual-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/spgi-fy2025-annual-revenue-by-timing-of-transfer-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 15,336,000,000 US dollars - **Operating-related expenses**: 4,563,000,000 US dollars - **Gross profit (calculated)**: 10,773,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: 4,295,000,000 US dollars - **Operating profit**: 6,478,000,000 US dollars - **Other income (expense), net (calculated)**: negative 251,000,000 US dollars - **Income before taxes on income**: 6,227,000,000 US dollars - **Provision for taxes on income**: 1,407,000,000 US dollars - **Net income**: 4,820,000,000 US dollars - **Services transferred at a point in time**: 3,144,000,000 US dollars - **Services transferred over time**: 12,192,000,000 US dollars - **Selling and general expenses**: 3,417,000,000 US dollars - **Depreciation**: 110,000,000 US dollars - **Amortization of intangibles**: 1,069,000,000 US dollars - **(Gain) loss on dispositions, net**: negative 273,000,000 US dollars - **Equity in income on unconsolidated subsidiaries**: negative 28,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/spgi/fy2025-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/spgi-fy2025-annual-revenue-by-geography-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 15,336,000,000 US dollars - **Operating-related expenses**: 4,563,000,000 US dollars - **Gross profit (calculated)**: 10,773,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: 4,295,000,000 US dollars - **Operating profit**: 6,478,000,000 US dollars - **Other income (expense), net (calculated)**: negative 251,000,000 US dollars - **Income before taxes on income**: 6,227,000,000 US dollars - **Provision for taxes on income**: 1,407,000,000 US dollars - **Net income**: 4,820,000,000 US dollars - **UNITED STATES**: 9,322,000,000 US dollars - **European region**: 3,531,000,000 US dollars - **Asia**: 1,640,000,000 US dollars - **Rest of the world**: 843,000,000 US dollars - **Selling and general expenses**: 3,417,000,000 US dollars - **Depreciation**: 110,000,000 US dollars - **Amortization of intangibles**: 1,069,000,000 US dollars - **(Gain) loss on dispositions, net**: negative 273,000,000 US dollars - **Equity in income on unconsolidated subsidiaries**: negative 28,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.