S&P Global (SPGI) FY2023 results: revenue $12.5 billion, up 11.8% on the year
S&P Global Inc. (SPGI) reported revenue of $12.5 billion for fiscal 2023, the year ended 31 December 2023, up 11.8% on the year before. Net income was $2.6 billion, down 19.2%, and diluted earnings per share $8.23. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2024.
Revenue
$12.5 billion
+11.8% on the year
FY2016FY2023
Operating margin
32.2%
44.2% a year earlier
FY2016FY2023
Net income
$2.6 billion
-19.2% on the year
FY2016FY2023
Diluted EPS
$8.23
-19.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,710
2,603
3,598
+42.5%
Capital expenditure
143
89.0
35.0
+60.7%
Free cash flow
3,567
2,514
3,563
+41.9%
Free cash flow margin
28.5%
22.5%
42.9%
Cash from investing
562
3,628
-120
-84.5%
Cash from financing
-4,280
-11,326
-1,013
Depreciation and amortisation
1,143
1,013
178
+12.8%
Share-based compensation
171
214
122
-20.1%
Buybacks
3,301
12,004
0.0
-72.5%
Dividends paid
1,147
1,024
743
+12.0%
Dividend per share
$3.60
$3.32
$3.08
+8.4%
Diluted shares, weighted
319m
318m
242m
+0.1%
Shares outstanding at period end
314m
322m
241m
-2.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
34,200
36,388
2,032
-6.0%
Non-controlling interest
100
89.0
75.0
+12.4%
Redeemable equity
3,800
3,267
3,429
+16.3%
Debt
11,459
10,956
4,114
+4.6%
Operating lease liabilities
541
577
492
-6.2%
Other liabilities
10,489
10,507
4,884
-0.2%
Total liabilities and equity
60,589
61,784
15,026
-1.9%
Fixed assets
258
297
241
-13.1%
Goodwill
34,850
34,545
3,506
+0.9%
Intangible assets
17,398
18,306
1,285
-5.0%
Investments
26.0
14.0
11.0
+85.7%
Cash and equivalents
1,290
1,286
6,497
+0.3%
Receivables
2,826
2,494
1,650
+13.3%
Other assets
3,941
4,842
1,836
-18.6%
Total assets
60,589
61,784
15,026
-1.9%
10-K for the year ended 31 December 2023, filed 9 February 2024: the filing.