S&P Global Inc. (SPGI) FY2025 Annual P&L / Income Statement
2025-01-01 to 2025-12-31
Revenue by Geography
2025-01-01 to 2025-12-31
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S&P Global Inc. (SPGI) FY2025 Annual P&L / Income Statement
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.

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Gross margin
70.2%
Gross profit / revenue
Operating margin
42.2%
Operating profit / revenue
Cash conversion
117.2%
Operating cash / net income, same period
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