PerpEquities

Equity · Financial services

S&P Global (SPGI) perpetual futures

S&P Global provides benchmarks, data, analytics, and workflow solutions for capital, energy, commodity, and automotive markets, with segments covering market intelligence, ratings, energy, mobility, and indices.

+0.3%NYSE closed
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Trading data

Perpetual market activity

0/1 live markets
Venues
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0/1
24h volume
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Open interest
-
Best liquidity
-
Tightest spread
-
Highest volume
-
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D+0.30%
5D-2.80%
1M-6.21%
6M-4.50%
YTD-22.44%
1Y-19.83%

Venue matrix

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Company data

Company fundamentals

Updated 1h ago
Market cap
$119.5B
Updated 1h ago
Revenue
$16.1B
Trailing 12 months
Revenue growth
-3%
Next fiscal year
Profit margin
+30.5%
P/E
24.7
Peer P/E 26.5
Free cash flow
$5.6B
Trailing 12 months
More metrics
Net income
$4.9B
Trailing 12 months
P/S
7.4
Peer P/E
26.5
Similar listed perps
Revenue estimate
$14.9B
Next fiscal year
Earnings
2026-10-29
Revenue est. $3.6B · Updated 1h ago
Dividend
$0.97
2026-08-26

Fundamental detail

Annual + quarterly
Latest revenue$15.3B
Net margin+29.2%
Free cash flow$5.5B
Net debt$12.5B
2020$7.4B
2021$8.3B
2022$11.2B
2023$12.5B
2024$14.2B
2025$15.3B
PeriodRevenueGrowthNet incomeFCF
2020$7.4B+11%$2.3B$3.5B
2021$8.3B+11%$3B$3.6B
2022$11.2B+35%$3.2B$2.5B
2023$12.5B+12%$2.6B$3.6B
2024$14.2B+14%$3.9B$5.6B
2025$15.3B+8%$4.5B$5.5B
PeriodGross marginOperating marginNet marginROEROA
2020+71.9%+48.6%+31.4%+459.5%+18.7%
2021+73.7%+50.9%+36.4%+148.8%+20.1%
2022+66.4%+44.2%+29.0%+8.9%+5.3%
2023+66.9%+32.2%+21.0%+7.7%+4.3%
2024+69.1%+39.3%+27.1%+11.6%+6.4%
2025+70.2%+42.2%+29.2%+14.3%+7.3%
PeriodCashDebtNet debtCurrent ratio
2020$4.1B$4.8B$646M1.67
2021$6.5B$4.7B-$1.8B2.31
2022$1.3B$11.7B$10.4B0.94
2023$1.3B$12B$10.7B0.84
2024$1.7B$11.9B$10.3B0.85
2025$1.7B$14.2B$12.5B0.82
PeriodMarket capEnterprise valueP/SP/E
2020$79.2B$79.9B10.633.9
2021$113.6B$111.8B13.737.6
2022$106.1B$116.5B9.532.7
2023$140.3B$151B11.253.4
2024$155.2B$165.5B10.940.3
2025$159.3B$171.7B10.435.6
Q3 2024$3.6B
Q4 2024$3.6B
Q1 2025$3.8B
Q2 2025$3.8B
Q3 2025$3.9B
Q4 2025$3.9B
Q1 2026$4.2B
Q2 2026$4.1B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$3.6B+16%$971M$1.4B
Q4 2024$3.6B+14%$880M$1.7B
Q1 2025$3.8B+8%$1.1B$910M
Q2 2025$3.8B+6%$1.1B$1.4B
Q3 2025$3.9B+9%$1.2B$1.5B
Q4 2025$3.9B+9%$1.1B$1.7B
Q1 2026$4.2B+10%$1.4B$1B
Q2 2026$4.1B+10%$1.2B$1.4B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+70.0%+40.1%+27.2%+2.9%+1.6%
Q4 2024+69.0%+36.4%+24.5%+2.7%+1.5%
Q1 2025+69.5%+41.8%+28.9%+3.3%+1.8%
Q2 2025+70.2%+41.3%+28.5%+3.2%+1.8%
Q3 2025+71.2%+43.1%+30.2%+3.5%+2.0%
Q4 2025+70.1%+42.7%+29.0%+3.6%+1.9%
Q1 2026+70.4%+48.0%+33.4%+4.5%+2.3%
Q2 2026+71.9%+50.8%+29.4%+3.8%+1.9%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$1.7B$11.9B$10.2B0.94
Q4 2024$1.7B$11.9B$10.3B0.85
Q1 2025$1.5B$11.9B$10.4B0.90
Q2 2025$1.8B$11.9B$10.1B0.98
Q3 2025$1.7B$11.9B$10.2B0.97
Q4 2025$1.7B$14.2B$12.5B0.82
Q1 2026$1.8B$13.9B$12.1B0.68
Q2 2026$4.1B$15.7B$11.6B0.95
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$160.8B$171B45.041.4
Q4 2024$155.2B$165.5B43.243.7
Q1 2025$156.1B$166.6B41.335.8
Q2 2025$161.3B$171.4B43.037.7
Q3 2025$148.1B$158.3B38.131.5
Q4 2025$157.7B$170.2B40.334.7
Q1 2026$126.5B$138.5B30.322.7
Q2 2026$113.8B$125.4B27.423.4

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$4.1BQ2 2026
$1B$2.1B$3.1B$4.2BQ3 2023: $3.1BQ4 2023: $3.2BQ1 2024: $3.5BQ2 2024: $3.5BQ3 2024: $3.6BQ4 2024: $3.6BQ1 2025: $3.8BQ2 2025: $3.8BQ3 2025: $3.9BQ4 2025: $3.9BQ1 2026: $4.2BQ2 2026: $4.1BQ3 2023Q2 2026
Net income$1.2BQ2 2026
$348.8M$697.5M$1B$1.4BQ3 2023: $742MQ4 2023: $579MQ1 2024: $991MQ2 2024: $1BQ3 2024: $971MQ4 2024: $880MQ1 2025: $1.1BQ2 2025: $1.1BQ3 2025: $1.2BQ4 2025: $1.1BQ1 2026: $1.4BQ2 2026: $1.2BQ3 2023Q2 2026
EBITDA$2.1BQ2 2026
$538.5M$1.1B$1.6B$2.2BQ3 2023: $1.4BQ4 2023: $1.2BQ1 2024: $1.7BQ2 2024: $1.7BQ3 2024: $1.7BQ4 2024: $1.6BQ1 2025: $1.9BQ2 2025: $1.9BQ3 2025: $2BQ4 2025: $2BQ1 2026: $2.2BQ2 2026: $2.1BQ3 2023Q2 2026
Free cash flow$1.4BQ2 2026
$426.8M$853.5M$1.3B$1.7BQ3 2023: $977MQ4 2023: $1.3BQ1 2024: $924MQ2 2024: $1.5BQ3 2024: $1.4BQ4 2024: $1.7BQ1 2025: $910MQ2 2025: $1.4BQ3 2025: $1.5BQ4 2025: $1.7BQ1 2026: $1BQ2 2026: $1.4BQ3 2023Q2 2026
EPS$4.12Q2 2026
$1.17$2.35$3.52$4.69Q3 2023: $2.33Q4 2023: $1.83Q1 2024: $3.16Q2 2024: $3.23Q3 2024: $3.12Q4 2024: $2.85Q1 2025: $3.54Q2 2025: $3.5Q3 2025: $3.86Q4 2025: $3.75Q1 2026: $4.69Q2 2026: $4.12Q3 2023Q2 2026
Cash / Debt$4.1BQ2 2026
$3.9B$7.9B$11.8B$15.7BQ3 2023 · Cash: $1.6BQ3 2023 · Debt: $12BQ4 2023 · Cash: $1.3BQ4 2023 · Debt: $12BQ1 2024 · Cash: $1.5BQ1 2024 · Debt: $12.2BQ2 2024 · Cash: $2BQ2 2024 · Debt: $11.9BQ3 2024 · Cash: $1.7BQ3 2024 · Debt: $11.9BQ4 2024 · Cash: $1.7BQ4 2024 · Debt: $11.9BQ1 2025 · Cash: $1.5BQ1 2025 · Debt: $11.9BQ2 2025 · Cash: $1.8BQ2 2025 · Debt: $11.9BQ3 2025 · Cash: $1.7BQ3 2025 · Debt: $11.9BQ4 2025 · Cash: $1.7BQ4 2025 · Debt: $14.2BQ1 2026 · Cash: $1.8BQ1 2026 · Debt: $13.9BQ2 2026 · Cash: $4.1BQ2 2026 · Debt: $15.7BQ3 2023Q2 2026
CashDebt
Profitability+71.9%Q2 2026
+18.0%+36.0%+53.9%+71.9%Q3 2023 · Gross margin: +67.7%Q4 2023 · Gross margin: +67.3%Q1 2024 · Gross margin: +68.2%Q2 2024 · Gross margin: +69.4%Q3 2024 · Gross margin: +70.0%Q4 2024 · Gross margin: +69.0%Q1 2025 · Gross margin: +69.5%Q2 2025 · Gross margin: +70.2%Q3 2025 · Gross margin: +71.2%Q4 2025 · Gross margin: +70.1%Q1 2026 · Gross margin: +70.4%Q2 2026 · Gross margin: +71.9%Q3 2023 · Operating margin: +34.8%Q4 2023 · Operating margin: +28.2%Q1 2024 · Operating margin: +39.7%Q2 2024 · Operating margin: +40.9%Q3 2024 · Operating margin: +40.1%Q4 2024 · Operating margin: +36.4%Q1 2025 · Operating margin: +41.8%Q2 2025 · Operating margin: +41.3%Q3 2025 · Operating margin: +43.1%Q4 2025 · Operating margin: +42.7%Q1 2026 · Operating margin: +48.0%Q2 2026 · Operating margin: +50.8%Q3 2023 · Net margin: +24.1%Q4 2023 · Net margin: +18.4%Q1 2024 · Net margin: +28.4%Q2 2024 · Net margin: +28.5%Q3 2024 · Net margin: +27.2%Q4 2024 · Net margin: +24.5%Q1 2025 · Net margin: +28.9%Q2 2025 · Net margin: +28.5%Q3 2025 · Net margin: +30.2%Q4 2025 · Net margin: +29.0%Q1 2026 · Net margin: +33.4%Q2 2026 · Net margin: +29.4%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+10.4%Q2 2026
+4.0%+8.0%+11.9%+15.9%Q3 2024: +15.9%Q4 2024: +14.0%Q1 2025: +8.2%Q2 2025: +5.8%Q3 2025: +8.8%Q4 2025: +9.0%Q1 2026: +10.4%Q2 2026: +10.4%Q3 2023Q2 2026
Shares outstanding295.5MQ2 2026
79.5M159M238.5M318MQ3 2023: 318MQ4 2023: 315.9MQ1 2024: 314MQ2 2024: 313.2MQ3 2024: 311.5MQ4 2024: 311.9MQ1 2025: 307.7MQ2 2025: 306.1MQ3 2025: 304.5MQ4 2025: 302.1MQ1 2026: 297.6MQ2 2026: 295.5MQ3 2023Q2 2026
Valuation23.4Q2 2026
15.029.944.959.9Q3 2023 · P/E: 39.0Q4 2023 · P/E: 59.9Q1 2024 · P/E: 33.8Q2 2024 · P/E: 34.5Q3 2024 · P/E: 41.4Q4 2024 · P/E: 43.7Q1 2025 · P/E: 35.8Q2 2025 · P/E: 37.7Q3 2025 · P/E: 31.5Q4 2025 · P/E: 34.7Q1 2026 · P/E: 22.7Q2 2026 · P/E: 23.4Q3 2023 · P/S: 37.6Q4 2023 · P/S: 44.1Q1 2024 · P/S: 38.4Q2 2024 · P/S: 39.4Q3 2024 · P/S: 45.0Q4 2024 · P/S: 43.2Q1 2025 · P/S: 41.3Q2 2025 · P/S: 43.0Q3 2025 · P/S: 38.1Q4 2025 · P/S: 40.3Q1 2026 · P/S: 30.3Q2 2026 · P/S: 27.4Q3 2023Q2 2026
P/EP/S
Revenue$15.3B2025
$3.8B$7.7B$11.5B$15.3B2018: $6.3B2019: $6.7B2020: $7.4B2021: $8.3B2022: $11.2B2023: $12.5B2024: $14.2B2025: $15.3B20182025
Net income$4.5B2025
$1.1B$2.2B$3.4B$4.5B2018: $2B2019: $2.1B2020: $2.3B2021: $3B2022: $3.2B2023: $2.6B2024: $3.9B2025: $4.5B20182025
EBITDA$7.7B2025
$1.9B$3.8B$5.8B$7.7B2018: $3B2019: $3.3B2020: $3.6B2021: $4.5B2022: $6B2023: $5.1B2024: $6.8B2025: $7.7B20182025
Free cash flow$5.5B2025
$1.4B$2.8B$4.2B$5.6B2018: $2B2019: $2.7B2020: $3.5B2021: $3.6B2022: $2.5B2023: $3.6B2024: $5.6B2025: $5.5B20182025
EPS$14.72025
$3.67$7.33$11$14.72018: $7.732019: $8.62020: $9.662021: $12.52022: $10.22023: $8.232024: $12.42025: $14.720182025
Cash / Debt$1.7B2025
$3.6B$7.1B$10.7B$14.2B2018 · Cash: $1.9B2018 · Debt: $3.7B2019 · Cash: $2.9B2019 · Debt: $4.7B2020 · Cash: $4.1B2020 · Debt: $4.8B2021 · Cash: $6.5B2021 · Debt: $4.7B2022 · Cash: $1.3B2022 · Debt: $11.7B2023 · Cash: $1.3B2023 · Debt: $12B2024 · Cash: $1.7B2024 · Debt: $11.9B2025 · Cash: $1.7B2025 · Debt: $14.2B20182025
CashDebt
Profitability+70.2%2025
+18.4%+36.9%+55.3%+73.7%2018 · Gross margin: +70.6%2019 · Gross margin: +70.5%2020 · Gross margin: +71.9%2021 · Gross margin: +73.7%2022 · Gross margin: +66.4%2023 · Gross margin: +66.9%2024 · Gross margin: +69.1%2025 · Gross margin: +70.2%2018 · Operating margin: +44.6%2019 · Operating margin: +48.2%2020 · Operating margin: +48.6%2021 · Operating margin: +50.9%2022 · Operating margin: +44.2%2023 · Operating margin: +32.2%2024 · Operating margin: +39.3%2025 · Operating margin: +42.2%2018 · Net margin: +31.3%2019 · Net margin: +31.7%2020 · Net margin: +31.4%2021 · Net margin: +36.4%2022 · Net margin: +29.0%2023 · Net margin: +21.0%2024 · Net margin: +27.1%2025 · Net margin: +29.2%20182025
Gross marginOperating marginNet margin
Revenue growth+7.9%2025
+8.7%+17.4%+26.1%+34.8%2019: +7.0%2020: +11.1%2021: +11.5%2022: +34.8%2023: +11.8%2024: +13.7%2025: +7.9%20182025
Shares outstanding305.1M2025
79.7M159.5M239.2M318.9M2018: 253.2M2019: 246.9M2020: 242.1M2021: 241.8M2022: 318.5M2023: 318.9M2024: 311.9M2025: 305.1M20182025
Valuation35.62025
13.326.740.053.42018 · P/E: 21.82019 · P/E: 31.62020 · P/E: 33.92021 · P/E: 37.62022 · P/E: 32.72023 · P/E: 53.42024 · P/E: 40.32025 · P/E: 35.62018 · P/S: 6.82019 · P/S: 10.02020 · P/S: 10.62021 · P/S: 13.72022 · P/S: 9.52023 · P/S: 11.22024 · P/S: 10.92025 · P/S: 10.420182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-29
Revenue est. $3.6B · Updated 1h ago
Dividend
$0.97
2026-08-26

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202617.87$14.9B-3%11
FY 202720.25$15.6B+2%14
FY 202823.00$16.8B+9%5
FY 202925.06$17.7B+15%1
FY 203026.91$18.6B+21%1
Q1 20275.15$4B-5%5

Company events

6
2026-10-29EarningsActual - / Estimate 4.43-
2026-08-26Dividend$0.97-
2026-07-28EarningsActual 4.83 / Estimate 4.81Beat
2026-05-29Dividend$0.97-
2026-04-28EarningsActual 4.7 / Estimate 4.58Beat
2026-02-25Dividend$0.97-

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 20, 2026, 10:13 PM UTC

Company profile

Sector
Financial Services
Industry
Financial - Data & Stock Exchanges
Chief executive
Martina L. Cheung
Employees
44,500
IPO date
Feb 21, 1973
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei3.93
Piotroski scorei7/9
FMP ratingiB
Owner earningsi$1.43B$4.83 per share
ESG risk ratingiB+Industry rank: 1 out of 14

Rating factors

Return on equityi
4
Return on assetsi
5
Debt to equityi
2
Price to earningsi
1
Price to booki
1
Market cap history
$119.73B-1.1%Jun 26Sep 26
$114.89B$124.09B$133.29BHigh: $133.29B · 2026-07-20Low: $114.89B · 2026-06-29Latest: $119.73B · 2026-09-18Jun 26Jul 26Aug 26Sep 26
Latest: $119.73B · 2026-09-18High: $133.29B · 2026-07-20Low: $114.89B · 2026-06-29
Largest fund holders
FundWeightShares held
VTI0.17%9.2M
VOO0.2%8.1M
VCPA.S0.09%4.7M
FXAIX0.19%3.9M
IVV0.19%3.8M
1657.T0.15%3.8M
1557.T0.19%3.7M
SPY0.19%3.6M
VTV0.46%2.8M
VSCA.S0.09%2.6M
S5SD.L0.32%2.4M
XLF1.56%2.1M

Analyst track record

How the analysts covering SPGI have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings157386
Analysts2537
Buy / hold / sell153 / 4 / 0380 / 6 / 0
Upgrades / downgrades / initiations0 / 0 / 30 / 2 / 9
Price targets hit / missed0 / 141 (0%)1 / 360 (0%)
Avg. return after a rating (TipRanks)-27.6%-26.2%
Best / worst call-15.8% / -40.1%+0.3% / -40.1%

After buy calls on this stock: median 21-day move +1.5% vs S&P 500 -0.6% (n = 370)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Shlomo RosenbaumStifel Nicolaus77% hit rate on this stock · 13 targets measuredBuytarget $521Jul 29, 2026
  2. Jeffrey SilberBMO Capital71% hit rate on this stock · 24 targets measuredBuytarget $505Jul 29, 2026
  3. Jeffrey MeulerRobert W. Baird60% hit rate on this stock · 10 targets measuredBuytarget $513Jul 29, 2026

Latest ratings

DateAnalystCallTarget
Sep 15, 2026Manav PatnaikBarclaysBuyMaintained$553
Sep 15, 2026Manav PatnaikBarclaysBuyMaintained$553
Sep 11, 2026Owen LauClear StreetBuyMaintained$516
Sep 11, 2026Jason Haas CFAWells FargoBuyMaintained$525
Sep 11, 2026Owen LauClear StreetBuyMaintained$516
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$400$450$500$550$600Oct 25 · Buy 20 · Hold 1 · Sell 0Oct 25Nov 25 · Buy 18 · Hold 1 · Sell 0Dec 25 · Buy 18 · Hold 1 · Sell 0Dec 25Jan 26 · Buy 17 · Hold 1 · Sell 0Feb 26 · Buy 19 · Hold 1 · Sell 0Feb 26Mar 26 · Buy 17 · Hold 1 · Sell 0Apr 26 · Buy 18 · Hold 0 · Sell 0Apr 26May 26 · Buy 19 · Hold 0 · Sell 0Jun 26 · Buy 20 · Hold 1 · Sell 0Jun 26Jul 26 · Buy 20 · Hold 2 · Sell 0Aug 26 · Buy 20 · Hold 2 · Sell 0Aug 26Sep 26 · Buy 20 · Hold 2 · Sell 0Oct 25 · avg. target $607Nov 25 · avg. target $610Dec 25 · avg. target $615Jan 26 · avg. target $616Feb 26 · avg. target $548Mar 26 · avg. target $544Apr 26 · avg. target $539May 26 · avg. target $539Jun 26 · avg. target $538Jul 26 · avg. target $526Aug 26 · avg. target $526Sep 26 · avg. target $525Oct 25 · month-end close $487Nov 25 · month-end close $499Dec 25 · month-end close $523Jan 26 · month-end close $528Feb 26 · month-end close $442Mar 26 · month-end close $425Apr 26 · month-end close $431May 26 · month-end close $424Jun 26 · month-end close $385Jul 26 · month-end close $412Aug 26 · month-end close $436Sep 26 · month-end close $404

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 157 ratings

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