S&P Global (SPGI) FY2024 results: revenue $14.2 billion, up 13.7% on the year
S&P Global Inc. (SPGI) reported revenue of $14.2 billion for fiscal 2024, the year ended 31 December 2024, up 13.7% on the year before. Net income was $3.9 billion, up 46.7%, and diluted earnings per share $12.35. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2026.
Revenue
$14.2 billion
+13.7% on the year
FY2017FY2024
Operating margin
39.3%
32.2% a year earlier
FY2017FY2024
Net income
$3.9 billion
+46.7% on the year
FY2017FY2024
Diluted EPS
$12.35
+50.1% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
5,689
3,710
2,603
+53.3%
Capital expenditure
124
143
89.0
-13.3%
Free cash flow
5,565
3,567
2,514
+56.0%
Free cash flow margin
39.2%
28.5%
22.5%
Cash from investing
-255
562
3,628
Cash from financing
-4,998
-4,280
-11,326
Depreciation and amortisation
1,173
1,143
1,013
+2.6%
Share-based compensation
247
171
214
+44.4%
Buybacks
3,301
3,301
12,004
0.0%
Dividends paid
1,134
1,147
1,024
-1.1%
Dividend per share
$3.64
$3.60
$3.32
+1.1%
Diluted shares, weighted
312m
319m
318m
-2.2%
Shares outstanding at period end
308m
314m
322m
-2.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
33,159
34,200
36,388
-3.0%
Non-controlling interest
97.0
100
89.0
-3.0%
Redeemable equity
4,252
3,800
3,267
+11.9%
Debt
11,398
11,459
10,956
-0.5%
Operating lease liabilities
535
541
577
-1.1%
Other liabilities
10,780
10,489
10,507
+2.8%
Total liabilities and equity
60,221
60,589
61,784
-0.6%
Fixed assets
265
258
297
+2.7%
Goodwill
34,917
34,850
34,545
+0.2%
Intangible assets
16,556
17,398
18,306
-4.8%
Investments
20.0
26.0
14.0
-23.1%
Cash and equivalents
1,666
1,290
1,286
+29.1%
Receivables
2,867
2,826
2,494
+1.5%
Other assets
3,930
3,941
4,842
-0.3%
Total assets
60,221
60,589
61,784
-0.6%
10-K for the year ended 31 December 2024, filed 11 February 2026: the filing.