# S&P Global Inc. (SPGI) FY2025 Q1 P&L / Income Statement - Company: S&P Global Inc. (SPGI) - Period: 2025-01-01 to 2025-03-31 - Filing: Q1 FY2025 10-Q, filed 2025-04-29, accession number 0000064040-25-000126 - Page: https://plicit.ai/financials/spgi/fy2025-q1-income-statement - Chart image: https://plicit.ai/charts/spgi-fy2025-q1-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2025-01-01 through 2025-03-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 3,777,000,000 US dollars - **Operating-related expenses**: 1,153,000,000 US dollars - **Gross profit (calculated)**: 2,624,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: 1,046,000,000 US dollars - **Operating profit**: 1,578,000,000 US dollars - **Other income (expense), net (calculated)**: negative 82,000,000 US dollars - **Income before taxes on income**: 1,496,000,000 US dollars - **Provision for taxes on income**: 325,000,000 US dollars - **Net income**: 1,171,000,000 US dollars - **Subscription**: 1,898,000,000 US dollars - **Non-subscription / Transaction**: 850,000,000 US dollars - **Non-transaction**: 481,000,000 US dollars - **Asset-linked fees**: 288,000,000 US dollars - **Sales usage-based royalties**: 110,000,000 US dollars - **Recurring variable revenue**: 150,000,000 US dollars - **Selling and general expenses**: 764,000,000 US dollars - **Depreciation**: 25,000,000 US dollars - **Amortization of intangibles**: 268,000,000 US dollars - **Equity in income on unconsolidated subsidiaries**: negative 11,000,000 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-q1-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/spgi-fy2025-q1-revenue-by-business-segment-sankey.png Income statement for 2025-01-01 through 2025-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 3,777,000,000 US dollars - **Operating-related expenses**: 1,153,000,000 US dollars - **Gross profit (calculated)**: 2,624,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: 1,046,000,000 US dollars - **Operating profit**: 1,578,000,000 US dollars - **Other income (expense), net (calculated)**: negative 82,000,000 US dollars - **Income before taxes on income**: 1,496,000,000 US dollars - **Provision for taxes on income**: 325,000,000 US dollars - **Net income**: 1,171,000,000 US dollars - **Market Intelligence**: 1,196,000,000 US dollars - **Ratings**: 1,107,000,000 US dollars - **Commodity Insights**: 612,000,000 US dollars - **Mobility**: 420,000,000 US dollars - **Indices**: 442,000,000 US dollars - **Selling and general expenses**: 764,000,000 US dollars - **Depreciation**: 25,000,000 US dollars - **Amortization of intangibles**: 268,000,000 US dollars - **Equity in income on unconsolidated subsidiaries**: negative 11,000,000 US dollars - **Market Intelligence costs (calculated)**: 976,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Ratings costs (calculated)**: 350,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Commodity Insights costs (calculated)**: 357,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Mobility costs (calculated)**: 334,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Indices costs (calculated)**: 127,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: 55,000,000 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-q1-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/spgi-fy2025-q1-revenue-by-timing-of-transfer-sankey.png Income statement for 2025-01-01 through 2025-03-31. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 3,777,000,000 US dollars - **Operating-related expenses**: 1,153,000,000 US dollars - **Gross profit (calculated)**: 2,624,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: 1,046,000,000 US dollars - **Operating profit**: 1,578,000,000 US dollars - **Other income (expense), net (calculated)**: negative 82,000,000 US dollars - **Income before taxes on income**: 1,496,000,000 US dollars - **Provision for taxes on income**: 325,000,000 US dollars - **Net income**: 1,171,000,000 US dollars - **Services transferred at a point in time**: 850,000,000 US dollars - **Services transferred over time**: 2,927,000,000 US dollars - **Selling and general expenses**: 764,000,000 US dollars - **Depreciation**: 25,000,000 US dollars - **Amortization of intangibles**: 268,000,000 US dollars - **Equity in income on unconsolidated subsidiaries**: negative 11,000,000 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-q1-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/spgi-fy2025-q1-revenue-by-geography-sankey.png Income statement for 2025-01-01 through 2025-03-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 3,777,000,000 US dollars - **Operating-related expenses**: 1,153,000,000 US dollars - **Gross profit (calculated)**: 2,624,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: 1,046,000,000 US dollars - **Operating profit**: 1,578,000,000 US dollars - **Other income (expense), net (calculated)**: negative 82,000,000 US dollars - **Income before taxes on income**: 1,496,000,000 US dollars - **Provision for taxes on income**: 325,000,000 US dollars - **Net income**: 1,171,000,000 US dollars - **UNITED STATES**: 2,342,000,000 US dollars - **European region**: 849,000,000 US dollars - **Asia**: 382,000,000 US dollars - **Rest of the world**: 204,000,000 US dollars - **Selling and general expenses**: 764,000,000 US dollars - **Depreciation**: 25,000,000 US dollars - **Amortization of intangibles**: 268,000,000 US dollars - **Equity in income on unconsolidated subsidiaries**: negative 11,000,000 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.