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Operating Margin by Segment
Reveals profitability across different business segments, highlighting which areas are most efficient and potentially driving overall company performance.Margins have meaningfully expanded across S&P Global’s portfolio, with Ratings and Indices the standout high‑margin drivers and Commodity/Energy margins rising despite Iran‑related revenue headwinds—suggesting pricing/mix and cost leverage. Market Intelligence margins are steady and supported by subscription acceleration and AI traction; Mobility improved but the planned mid‑2026 spin will recast comparability and leverage/funding dynamics. Engineering Solutions has effectively exited the segment after divestitures. Management cautions Ratings may moderate later in the year, but enterprise margin expansion remains a central thesis.
Date | Global Market Intelligence | Global Ratings | Global Commodity Insights | Global Mobility | Dow Jones Indices | Engineering Solutions |
|---|---|---|---|---|---|---|
Jun 30, 2026 | 22.70 | 68.20 | 41.00 | 22.20 | 69.80 | |
Mar 31, 2026 | 33.60 | 67.80 | 49.30 | 40.00 | 73.80 | |
Dec 31, 2025 | 32.20 | 61.80 | 45.50 | 35.40 | 68.80 | |
Sep 30, 2025 | 34.10 | 67.10 | 48.10 | 43.30 | 71.20 | |
Jun 30, 2025 | 35.30 | 65.50 | 48.60 | 42.30 | 71.30 | |
Mar 31, 2025 | 32.80 | 66.20 | 48.10 | 38.50 | 72.90 | |
Dec 31, 2024 | 32.60 | 59.70 | 45.00 | 34.70 | 67.90 | |
Sep 30, 2024 | 32.90 | 61.70 | 47.80 | 42.20 | 70.20 | |
Jun 30, 2024 | 32.90 | 65.80 | 47.30 | 40.90 | 70.70 | |
Mar 31, 2024 | 32.70 | 64.70 | 47.20 | 38.10 | 72.90 |