S&P Global's Income Statement Analysis: Revenue to Profit Breakdown
S&P Global's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$8.30 B | $11.18 B | $12.50 B | $14.21 B | $15.34 B | $15.73 B |
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Cost of Revenue Direct cost of goods/services. |
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$2.18 B | $3.75 B | $4.14 B | $4.39 B | $9.16 B | $4.65 B |
Gross Profit Revenue minus cost of revenue. |
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$6.12 B | $7.43 B | $8.36 B | $9.82 B | $6.18 B | $11.09 B |
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Operating Expense
Costs to run business. |
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$1.90 B | $2.48 B | $4.34 B | $4.24 B | - | $4.18 B |
Research and Development Investment in innovation. |
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- | - | - | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$1.73 B | $3.40 B | $3.16 B | $3.17 B | - | $2.65 B |
General and Administrative Corporate overhead costs. |
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- | - | - | - | - | - |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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$167.00 M | -$912.00 M | $1.18 B | $1.07 B | - | $1.53 B |
Operating Income Profit from operations. |
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$4.22 B | $4.94 B | $4.02 B | $5.58 B | $6.18 B | $6.90 B |
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Net Interest Income
Interest income minus expense. |
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-$119.00 M | -$304.00 M | -$334.00 M | -$297.00 M | -$287.00 M | -$306.00 M |
Interest Income Income from investments. |
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- | - | - | - | - | - |
Interest Expense Cost of borrowing. |
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$119.00 M | $304.00 M | $334.00 M | $297.00 M | $287.00 M | $306.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$62.00 M | -$62.00 M | $15.00 M | -$25.00 M | -$337.00 M | -$41.00 M |
Total Other Income (Net) Net non-operating items. |
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-$57.00 M | -$242.00 M | -$349.00 M | -$272.00 M | $50.00 M | -$263.00 M |
Income Before Tax Profit before taxes. |
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$4.16 B | $4.70 B | $3.67 B | $5.31 B | $6.23 B | $6.64 B |
Income Tax Expense Taxes on income. |
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$901.00 M | $1.18 B | $778.00 M | $1.14 B | $1.41 B | $1.49 B |
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Net Income
Final profit. |
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$3.02 B | $3.25 B | $2.63 B | $3.85 B | $4.47 B | $4.78 B |
Net Income From Continuing Operations Profit from core business. |
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$3.26 B | $3.52 B | $2.89 B | $4.17 B | $4.82 B | $5.15 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$12.56 | $10.25 | $8.25 | $12.36 | $14.67 | $15.81 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$12.51 | $10.20 | $8.23 | $12.35 | $14.66 | $15.80 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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240.80 M | 316.90 M | 318.40 M | 311.60 M | 304.80 M | 297.30 M |
Diluted Average Shares Outst. Shares including dilution. |
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241.80 M | 318.50 M | 318.90 M | 311.90 M | 305.10 M | 297.60 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$4.28 B | $5.01 B | $4.01 B | $5.61 B | $6.51 B | $6.94 B |
EBITDA Earnings before interest, tax, D&A. |
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$4.46 B | $6.02 B | $5.15 B | $6.78 B | $7.69 B | $7.83 B |
Depreciation and Amortization Non-cash expense for assets. |
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$178.00 M | $1.01 B | $1.14 B | $1.17 B | $1.18 B | $887.00 M |
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