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S&P Global (SPGI) operating margin by quarter

S&P Global's operating margin was 53.2% in Q3 2026 (third quarter 2026), +9.5 pts from Q2 2026. Over the last 7 quarters it ranged from 41.3% (Q2 2025) to 53.2% (Q3 2026).

S&P Global operating margin by quarterS&P Global operating margin by quarter41.8%Q1 202541.3%Q2 202543.1%Q3 202542.7%Q4 202548.0%Q1 202643.7%Q2 202653.2%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202653.2%+9.5 pts+10.1 pts
Q2 202643.7%-4.3 pts+2.4 pts
Q1 202648.0%+5.3 pts+6.2 pts
Q4 202542.7%-0.3 pts—
Q3 202543.1%+1.8 pts—
Q2 202541.3%-0.5 pts—
Q1 202541.8%——

Q3 2026 at a glance

S&P Global, Q3 2026: revenue $3.7B (+7% year over year), operating margin 53.2%, net earnings $1.2B. The chart follows the revenue to costs, profit and cash.

Questions

What is S&P Global's operating margin?

S&P Global's operating margin was 53.2% in Q3 2026 (third quarter 2026), +9.5 pts from Q2 2026.

How has S&P Global's operating margin changed?

Over the last 7 quarters it ranged from 41.3% (Q2 2025) to 53.2% (Q3 2026).

Q3 2026 results → · How S&P Global makes money →