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What changed in S&P Global Inc.'s latest annual report

In the year ended 31 Dec 2025, S&P Global Inc.'s revenue rose 7.9% to USD 15.34bn, from USD 14.21bn; net income rose 16.1% to USD 4.47bn, from USD 3.85bn; total liabilities rose 10.3% to USD 25.05bn, from USD 22.71bn.

Year ended 31 Dec 2025. Source: 10-K filed 11 Feb 2026, read it on SEC EDGAR.

USD 14.21bn to USD 15.34bn

Revenue, up 7.9% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue14.21bn15.34bnUp 7.9%
Net income3.85bn4.47bnUp 16.1%
Total assets60.22bn61.20bnUp 1.6%
Total liabilities22.71bn25.05bnUp 10.3%
Long-term debt11.39bn12.37bnUp 8.6%
Cash and cash equivalents1.67bn1.75bnUp 4.7%
Shareholders' equity33.16bn31.13bnDown 6.1%

Questions people ask

Did S&P Global Inc.'s revenue grow last year?

Revenue grew 7.9%, from USD 14.21bn to USD 15.34bn in the year ended 31 Dec 2025.

Is S&P Global Inc. profitable?

Yes. Net income was USD 4.47bn in the year ended 31 Dec 2025. The year before: USD 3.85bn.

How much cash and debt does S&P Global Inc. have?

At its latest year end (31 Dec 2025), S&P Global Inc. reported cash and cash equivalents of USD 1.75bn and long-term debt of USD 12.37bn.

Where do these numbers come from?

From S&P Global Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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S&P Global Inc. (SPGI) 10-K: what changed year on year | LYNORIQ Insights