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S&P Global Gross Margin %

: 66.22% (As of Jun. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. S&P Global's Gross Profit for the three months ended in Jun. 2022 was $1,982 Mil. S&P Global's Revenue for the three months ended in Jun. 2022 was $2,993 Mil. Therefore, S&P Global's Gross Margin % for the quarter that ended in Jun. 2022 was 66.22%.


The historical rank and industry rank for S&P Global's Gross Margin % or its related term are showing as below:

SPGI' s Gross Margin % Range Over the Past 10 Years
Min: 66.44   Med: 69.59   Max: 73.54
Current: 69.71


During the past 13 years, the highest Gross Margin % of S&P Global was 73.54%. The lowest was 66.44%. And the median was 69.59%.

SPGI's Gross Margin % is ranked better than
70.92% of 564 companies
in the Capital Markets industry
Industry Median: 50.44 vs SPGI: 69.71

S&P Global had a gross margin of 66.22% for the quarter that ended in Jun. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for S&P Global was 1.00% per year.


S&P Global Gross Margin % Historical Data

The historical data trend for S&P Global's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

S&P Global Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.06 70.63 70.50 71.86 73.54

S&P Global Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 74.69 73.98 71.65 68.65 66.22

Competitive Comparison

For the Financial Data & Stock Exchanges subindustry, S&P Global's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

S&P Global Gross Margin % Distribution

For the Capital Markets industry and Financial Services sector, S&P Global's Gross Margin % distribution charts can be found below:

* The bar in red indicates where S&P Global's Gross Margin % falls into.



S&P Global Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

S&P Global's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=6102 / 8297
=(Revenue - Cost of Goods Sold) / Revenue
=(8297 - 2195) / 8297
=73.54 %

S&P Global's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=1982 / 2993
=(Revenue - Cost of Goods Sold) / Revenue
=(2993 - 1011) / 2993
=66.22 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


S&P Global  (NYSE:SPGI) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

S&P Global had a gross margin of 66.22% for the quarter that ended in Jun. 2022 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


S&P Global Gross Margin % Related Terms

Thank you for viewing the detailed overview of S&P Global's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


S&P Global Business Description

S&P Global logo
Address
55 Water Street, New York, NY, USA, 10041
S&P Global provides data and benchmarks to capital and commodity market participants. In 2021 and excluding IHS Markit, S&P Ratings was over 45% of the firm's revenue and over 55% of the firm's operating income. S&P Ratings is the largest credit rating agency in the world. The firm's other segments include Market Intelligence, Indices, and Platts. Market Intelligence provides desktop tools and other data solutions to investment banks, corporations, and other entities. Indices provides benchmarks for financial markets and is monetized through subscriptions, asset-based fees, and transaction-based royalties. Platts provides benchmarks to commodity markets, principally petroleum.
Executives
Evans Gay Huey director SHIPPING & RECEIVING CENTER 16930 PARK ROW DR. HOUSTON TX 77084
Esculier Jacques director C/O AMERICAN STANDARD COMPANIES INC ONE CENTENNIAL AVENUE PISCATAWAY NJ 08855
Moore Sally officer: EVP, Strategic Alliances 55 WATER STREET NEW YORK NY 10041
Kansler Adam Jason officer: President, Market Intelligence C/O MARKIT LTD, 4TH FL, ROPEMAKER PLACE 25 ROPEMAKER STREET LONDON X0 EC2Y 9LY
Tavernier Edouard officer: Head of Global Transportation C/O IHS MARKIT LTD., 4TH FLOOR ROPEMAKER PLACE, 25 ROPEMAKER STREET LONDON, ENGLAND X0 EC2Y 9LY
Kelly Robert P director ONE MELLON CENTER PITTSBURGH PA 15258-0001
Mcwhinney Deborah D director PO BOX 40 EAST BROADWAY BUTTE MT 59701
Washington Gregory N director 55 WATER STREET 45TH FLOOR NEW YORK NY 10041
Saha Saugata officer: President, S&P Global Platts 55 WATER STREET NEW YORK NY 10041
Livingston Ian Paul director 55 WATER STREET NEW YORK NY 10041
Draper Daniel E officer: CEO, S&P Dow Jones Indices 55 WATER STREET NEW YORK NY 10041
William Amelio J. director C/O CHC GROUP LTD. 190 ELGIN AVENUE, GEORGE TOWN GRAND CAYMAN E9 KY1-9005
Craig Christopher officer: SVP and Controller 55 WATER STREET LEGAL DEPARTMENT NEW YORK NY 10041
Manis Dimitra officer: Chief People Officer 55 WATER STREET S&P GLOBAL, 45TH FLOOR NEW YORK NY 10041
Leroux Monique F. director S&P GLOBAL INC. 55 WATER STREET NEW YORK NY 10041

S&P Global Headlines

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