S&P Global Inc. (SPGI) FY2025 Annual P&L / Income Statement

S&P Global Inc. (SPGI) FY2025 Annual P&L / Income Statement

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.