S&P Global Inc. (SPGI)
Financials · Financial Exchanges & Data · US stock · S&P 500 component
$429.64
▲ +4.83 (1.14%)
Fair valueFair
$480 +11.7% to fair value
$240fair band $336–$624$720
Day's range
$425.47 – $433.67
52-week range
$358.55 – $518.88
About S&P Global Inc.
S&P Global supplies credit ratings, benchmarks, analytics and data to participants in financial and commodity markets. Its ratings business assesses the creditworthiness of companies and governments that issue debt, while its market intelligence arm provides data and software to banks, asset managers and corporations. It also publishes commodity price assessments and licenses stock market indices through its index business. Customers include issuers, investors, financial institutions and energy firms.
Revenue comes from subscriptions to data and analytics, fees paid by debt issuers for ratings, and licensing fees linked to indices. The company reported revenue of $15.7 billion for the last twelve months, with growth of 11.1% a year over the last three years. Its operating margin is 43.9%, and net debt is 1.8 times EBITDA. It pays a dividend with a yield of 0.9%. On the site's X-Ray Score it receives 51 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $358.55 – $518.88Volume 2,433,900Daily, split-adjusted
Vitals
Market cap$127.9B
52-week range$358.55 – $518.88
Volume (last day)2,433,900
P/E (TTM)27.3
EBIT / EV yield4.9%
Free-cash-flow yield4.3%
Dividend yield0.9%
Revenue (TTM)$15.7B
Net income (TTM)$4.8B
Operating margin43.9%
Return on capital12.4%
Debt incl. leases$13.9B
Cash & securities$1.8B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$480model spread $301 – $449
Fair
+11.7% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $430
Undervalued < $336Fair $336 – $624Overvalued > $624
10-year DCF (market-scaled)
$837
Peer multiples
$221
Earnings power floor (not blended)
$228
Fundamentals-adjusted multiple
$382
Growth the price implies
6.5%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Weak
45/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.9%
Free-cash-flow yield4.3%
Fair value vs price1.1×
Growth
Fair
68/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)11.1%
EPS growth (3y)12.9%
Growth consistency100%
Profitability
Fair
51/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital12.4%
Operating margin43.9%
Gross profitability18.2%
Financial health
Weak
44/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA1.8×
Interest cover22.6×
Dividends
Weak
45/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.9%
Dividends vs free cash flow21%
Dividend growth4.5%
Quarterly results: last 6 quarters
+14.0%
Dec '24
+8.2%
Mar '25
+5.8%
Jun '25
+8.8%
Sep '25
+9.0%
Dec '25
+10.4%
Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.2B, diluted EPS $4.69.
Compare with peers
CBOE Cboe Global Markets, I...64 MCO Moodys Corp62 FDS Factset Research Syste...59 MSCI MSCI Inc.56Other Financial Exchanges & Data companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 7 Average · ● 4 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldBad
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldBad
Profitability
Return on invested capitalAverage
Operating marginGood
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 49/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $8.3B | $11.2B | $12.5B | $14.2B | $15.3B |
| Operating income | $4.2B | $4.9B | $4.0B | $5.6B | $6.5B |
| Net income | $3.0B | $3.2B | $2.6B | $3.9B | $4.5B |
| Operating cash flow | $3.6B | $2.6B | $3.7B | $5.7B | $5.7B |
| Operating margin | 50.9% | 44.2% | 32.2% | 39.3% | 42.2% |
| Free cash flow | $3.6B | $2.5B | $3.6B | $5.6B | $5.5B |
| Diluted EPS | $12.51 | $10.20 | $8.23 | $12.35 | $14.66 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Bullish
8 bullish · 1 neutral · 3 bearish
Monthly
Neutral
3 bullish · 1 neutral · 4 bearish
Moving averages (daily)
| SMA 10 | 407.8 | Bullish |
| EMA 10 | 411.7 | Bullish |
| SMA 20 | 402.8 | Bullish |
| EMA 20 | 408.7 | Bullish |
| SMA 50 | 414.8 | Bullish |
| EMA 50 | 411.4 | Bullish |
| SMA 100 | 413.1 | Bullish |
| EMA 100 | 413.9 | Bullish |
| SMA 200 | 418.5 | Bullish |
| EMA 200 | 422.2 | Bullish |
Oscillators (daily)
| RSI (14) | 65.49 | Neutral |
| MACD (12, 26) | 1.32 | Bullish |
| Momentum (12) | 8.92 | Bullish |
| Stochastic %K (14) | 92.17 | Bearish |
| Williams %R (14) | -7.83 | Bearish |
| CCI (20) | 214.0 | Bearish |
Pivot points (classic, last session)
S3 417.3 | S2 421.4 | S1 425.5 | Pivot 429.6 | R1 433.7 | R2 437.8 | R3 441.9 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.87 USD
Yield on today's price
0.90%
Frequency
Quarterly
Next ex-dividend date
25 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| 25 Nov 2026 (upcoming) | 0.9700 |
| 26 Aug 2026 | 0.9700 |
| 29 May 2026 | 0.9700 |
| 25 Feb 2026 | 0.9700 |
| 25 Nov 2025 | 0.9600 |
| 26 Aug 2025 | 0.9600 |
| 28 May 2025 | 0.9600 |
| 26 Feb 2025 | 0.9600 |
| 26 Nov 2024 | 0.9100 |
| 27 Aug 2024 | 0.9100 |
| 29 May 2024 | 0.9100 |
| 26 Feb 2024 | 0.9100 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
SPGI SEC filings
28 Jul 2026
10-QSEC EDGAR
Quarterly report
28 Jul 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
6 Jul 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
2 Jul 2026
8-KSEC EDGAR
Entered a material agreement; Completed an acquisition or disposal
26 May 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
21 May 2026
8-KSEC EDGAR
Other events
21 May 2026
8-KSEC EDGAR
Shareholder vote results
20 May 2026
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.