S&P Global Inc. (SPGI) Stock

S&P Global Inc. (SPGI) is a Technology stock trading at $450.81 (as of 2026-07-17), with a market capitalization of $133.44B and a trailing P/E of 27.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

S&P Global Inc. and its subsidiaries provide credit ratings and related research and analytics, index benchmarks, and data and analytics across capital, commodity, and automotive markets. The company operates multiple divisions, including Ratings, Dow Jones Indices, Commodity Insights, Market Intelligence, Mobility, and Engineering Solutions, serving investors, market participants, and other customers needing insights and workflow tools.

Understand S&P Global Inc.: how it makes money

S&P Global provides credit ratings, benchmarks, analytics, and workflow solutions for capital, commodity, and automotive markets, and it generates revenue by selling these information products across its Ratings, Indices, Commodity Insights, Market Intelligence, and Mobility divisions.

The profit model is built around monetizing information assets, including credit ratings and market benchmarks, by packaging them into ongoing analytics and workflow solutions across multiple market verticals.

Revenue by segment (latest quarter)
Ratings$1.2B
Indices$0.5B
Commodity Insights$0.6B
Market Intelligence$1.1B
Mobility$0.4B

Business quality (Strong): Strength: the business is organized around specialized information and benchmark products across several markets (Ratings, Indices, Commodity Insights, Market Intelligence, Mobility). Key investor watchpoint is how stable, non-transaction ratings-related revenue is, given the business mixes rating and analytics services.

Valuation: Trades at 26× trailing earnings · $121B market cap.

Bull case

  • Diversified information businesses: Revenue is spread across multiple divisions that provide credit ratings, benchmarks, analytics, and workflow solutions for capital, commodity, and automotive markets.
  • High profitability profile: For the period ended 2026-03-31, reported gross margin was 70.4% and operating margin was 48.0%, indicating strong operating leverage on top-line revenue.

Bear case

  • Demand sensitivity to market activity: Because the company serves capital, commodity, and automotive markets, a weakening in client activity that uses its ratings and analytics could pressure revenue.
  • Mix risk within ratings-related revenue: If the portion of ratings revenue that is non-transactional changes, the stability implied by focusing on “Ratings non-transaction revenue” may not hold.
Valuation — source: SEC EDGAR (first-party)
Price$450.81
Market Cap$133.44B
P/E Ratio27.9
EV / EBITDA17.9
Price / Book4.26
Price / Sales8.48
FCF Yield4.2%
DCF Value (model)$181.12
DCF Upside vs Price-59.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$15.34B
Net Margin29.2%
Revenue Growth (YoY)10.4%
EPS Growth (YoY)32.1%
FCF Growth (YoY)11.0%
Financial Health — source: SEC EDGAR
Altman Z-Score3.81 (safe)
Valuation vs Sector & Industry
Stock P/E27.9
Sector P/E (Technology)34.7
Industry P/E (Business Services)30.7
vs Sector-19.4%
vs Industry-9.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Buys (12mo)4
Top Institutional HolderVANGUARD GROUP INC ($15.87B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOMartina L. Cheung
Employees42,350
CountryUS
IPO Date2016-04-28

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SPGI earnings history · SPGI institutional & insider holders · SPGI KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.