| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 1,504 | 1,224 | 1,265 | 1,160 |
| Depreciation | 31 | 31 | 28 | 26 |
| Amortization of intangibles | 276 | 266 | 266 | 269 |
| Provision for losses on accounts receivable | 15 | 11 | 11 | 9 |
| Deferred income taxes | -50 | 45 | -149 | -75 |
| Stock-based compensation | 39 | 69 | 75 | 45 |
| Gain on dispositions | 175 | 270 | 0 | 3 |
| Restructuring, lease impairment charges and other | NaN | 324 | NaN | NaN |
| Other | 182 | NaN | 59 | -247 |
| Accounts receivable | 131 | 569 | -70 | -121 |
| Prepaid and other current assets | -1 | 40 | -92 | 32 |
| Accounts payable and accrued expenses | -646 | 438 | 31 | 154 |
| Unearned revenue | -76 | 395 | -205 | -44 |
| Other current liabilities | -29 | 95 | -36 | -82 |
| Net change in prepaid/accrued income taxes | 314 | 14 | 84 | -223 |
| Net change in other assets and liabilities | 42 | 81 | -19 | 69 |
| Cash provided by operating activities | 1,037 | 1,748 | 1,505 | 1,445 |
| Capital expenditures | 27 | 46 | 45 | 61 |
| Acquisitions, net of cash acquired | 12 | 1,973 | 25 | 12 |
| Proceeds from dispositions, net | 345 | 1,530 | 4 | 15 |
| Changes in short-term investments | 15 | -17 | 35 | -6 |
| Cash provided by (used for) investing activities | 291 | -472 | -101 | -52 |
| Additions to / (payments on) short-term debt, net | NaN | 715 | NaN | NaN |
| Proceeds from issuance of senior notes, net | NaN | 993 | NaN | NaN |
| Additions to short-term debt, net | 236 | NaN | NaN | NaN |
| Payments on senior notes | 3 | 0 | 0 | 0 |
| Dividends paid to shareholders | 288 | 290 | 291 | 294 |
| Distributions to noncontrolling interest holders | 91 | 87 | 66 | 74 |
| Contingent consideration payments | NaN | 2 | 2 | 6 |
| Repurchase of treasury shares | 1,000 | 2,500 | 1,200 | 651 |
| Employee withholding tax on share-based payments, excise tax payments on share repurchases, contingent consideration payments and other | NaN | 132 | NaN | NaN |
| Employee withholding tax on share-based payments, contingent consideration payments and other | -10 | NaN | 7 | 94 |
| Cash used for financing activities | -1,237 | -1,202 | -1,566 | -1,059 |
| Effect of exchange rate changes on cash | -26 | -1 | -13 | 44 |
| Net change in cash, cash equivalents, and restricted cash | 65 | 73 | -175 | 378 |
| Cash, cash equivalents, and restricted cash at beginning of period | 1,745 | 1,672 | 1,847 | 1,469 |
| Cash, cash equivalents, and restricted cash at end of period | 1,810 | 1,745 | 1,672 | 1,847 |
S&P Global Inc. (SPGI)
S&P Global Inc. (SPGI)