SPGI S&P Global

FY2025 10-K
Filed: Feb 11, 2026
Information Technology
Services-Consumer Credit Reporting, Collection AgenciesSEC EDGAR

S&P Global (SPGI) filed its fiscal year 2025 10-K annual report with the SEC on Feb 11, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: provider of benchmarks, data, analytics, and workflow solutions across global capital, energy/commodity, and automotive markets
  • Strategic shift: announced full separation and spin-off of Mobility segment, expected mid-2026, creating a new publicly traded company
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Management Discussion & Analysis

  • Revenue $15.34B in 2025, up 8% YoY from $14.21B in 2024, driven by growth across all segments
  • Operating margin 42% in 2025 vs 39% in 2024; operating profit $6.48B, up 16% YoY
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Risk Factors

  • Regulatory risk: evolving, complex AI laws and regulations globally increasing compliance costs and exposure to fines or sanctions
  • Geopolitical risk: exposure to state-sponsored cyber attacks targeting our information systems and third-party service providers worldwide
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Financial Summary
XBRL

Revenue

$15.3B

Net Income

$4.5B

Operating Margin

42.2%

Net Margin

29.2%

ROE

14.4%

Total Assets

$61.2B

EPS (Diluted)

$14.66

Operating Cash Flow

$5.7B

Source: XBRL data from S&P Global FY2025 10-K filing on SEC EDGAR. All figures in USD.

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