SPGIS&P Global

Financials · Credit Bureaus · NYSE

Employees: 44,500
Headquarters: New York, NY
CEO: Martina Cheung
Next results: around Feb 9, 2027

RevenueFY2016–25 $15.3B+7.9% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $4.5B+16.1% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $5.5B−2.0% FY2024: $5.6B 10-K FY2025 · XBRL Operating marginFY2016–25 42.2%+3.0 pts 59.0% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 11, 2026 against Feb 11, 2025

Area	What changed	Source
Risk factors	21 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +20.0% vs revenue +7.9% (+12.1 pts)	10-K · XBRL
Accounting checks	9 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	4 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 11, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-11. Quoted as filed.

AI is a rapidly evolving technology that is fundamentally changing the way data is gathered, produced, protected, licensed, processed, and consumed. Given the importance of data to our products and services, AI continues to be an increasingly important part of our business and industry. While we have established a Company-wide AI…
10-K, Item 1A

All 21 new paragraphs →

Accounting checks

latest 10-K

9 of 10 clear 1 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +20.0% vs revenue +7.9% (+12.1 pts)
✓
Cash from operations $5.7B vs net income $4.5B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: ERNST & YOUNG LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Table of Contents; Valuation of redeemable noncontrolling interest in S&P Dow Jones Indices LLC
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 28, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 27, 20268-K Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
Oct 23, 2026Offering Shelf registration: shares and other securities, amount not fixed S-3ASR · We may offer and sell securities from time to time in one or more offerings.
Oct 23, 20268-K Other events 8-K item 8.01

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