S&P Global Inc. logo SPGI - S&P Global Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 24
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $541.22 DETAILS
HIGH: $625.00
LOW: $498.00
MEDIAN: $546.00
CONSENSUS: $541.22
UPSIDE: 20.05%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 15,336 14,208 12,497 11,181 8,297 7,442 6,699 6,258 6,063 5,661 5,313 5,051 4,875 4,450 6,246 6,168.3 5,951.8 6,355.1 6,772.3 6,255.1 6,003.6 5,250.5 4,827.9 4,787.7 4,645.5 4,281.0 3,992 3,729.1 3,534.1 3,074.7 2,935.3 2,760.9 2,195.5 2,050.5 1,943 1,938.6 1,789 1,818 1,751.2 1,576.8
Cost of Revenue 4,563 4,391 4,141 3,753 2,180 2,094 1,976 1,838 1,694 1,773 1,718 1,651 1,564 1,433 1,387 1,206 2,386.0 2,513.0 2,527.6 2,387.2 2,316.3 2,046.6 2,018.5 2,015.0 2,009.4 1,828.3 1,738.1 1,661.6 1,639.4 1,445 1,340.3 1,286.3 989 964.8 906.3 873.9 824.6 840.8 796.3 699.5
Gross Profit 10,773 9,817 8,356 7,428 6,117 5,348 4,723 4,420 4,369 3,888 3,595 3,400 3,138 2,837 2,567 2,433 3,565.8 3,842.1 4,244.7 3,867.9 3,687.3 3,203.9 2,871.9 2,692.7 2,465.2 2,452.7 2,253.6 2,063.3 1,894.7 1,629.7 1,595 1,474.6 1,206.5 1,085.7 1,036.7 1,064.7 964.4 977.2 954.9 877.3
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 3,417 3,166 3,159 3,396 1,729 1,541 1,342 1,424 1,606 1,467 1,532 3,144 1,631 1,578 1,377 1,318 2,141.3 2,308.9 2,437.9 2,287.8 2,172.4 1,904.6 1,766.5 1,649.1 1,634.3 1,533.3 1,269.5 1,216.7 1,116.2 968.1 960.9 868.9 774.2 727.3 695 672.8 842.2 636.6 621.1 546.8
Other Expenses 878 1,071 1,177 (912) 167 190 155 206 180 (920) 146 143 149 89 113 89 168.8 178.3 143.7 161.6 149.7 124.6 (32.1) 123.7 159.7 99.2 308.4 299.2 293.5 238.6 231.4 230 139.6 74.3 72.1 66.8 68.9 66.2 65.6 51.5
Operating Expenses 4,295 4,237 4,336 2,484 1,896 1,731 1,497 1,630 1,786 547 1,678 3,287 1,780 1,667 1,490 1,407 2,310.0 2,487.2 2,581.6 2,449.4 2,322.1 2,029.2 1,734.5 1,772.8 1,794.0 1,632.5 1,577.9 1,515.9 1,409.7 1,206.7 1,192.3 1,098.9 913.8 801.6 767.1 739.6 911.1 702.8 686.7 598.3
Operating Income
Operating Income 6,478 5,580 4,020 4,944 4,221 3,617 3,226 2,790 2,583 3,341 1,917 113 1,358 1,170 1,077 1,026 1,255.7 1,354.8 1,663.1 1,418.5 1,365.2 1,174.7 1,137.4 919.9 671.2 820.2 675.7 547.4 485 423 402.7 375.7 292.7 284.1 269.6 325.1 53.3 274.4 268.2 279
Interest Expense 287 297 334 304 119 141 141 134 149 181 102 59 59 81 75 81.6 76.9 75.6 23.3 13.6 4.0 6.4 0 3.1 8.8 11.9 0 0 0 0 0 8.8 416.6 120.7 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 7,693 6,778 5,148 6,019 4,461 3,575 3,275 3,021 2,790 3,550 2,074 247 1,495 1,311 1,203 1,134 1,716.3 1,803.6 2,064.3 1,808.4 1,750.4 1,567.4 1,540.6 1,328.7 1,091.8 1,182.5 984.1 846.6 778.5 661.6 634.1 605.7 432.3 358.4 341.7 391.9 122.2 340.6 333.8 330.5
EBIT 6,514 5,605 4,005 5,006 4,283 3,369 3,071 2,815 2,610 3,369 1,917 113 1,358 1,170 1,077 1,026 1,255.7 1,354.8 1,663.1 1,418.5 1,365.2 1,174.7 1,137.4 919.9 671.2 820.2 675.7 547.4 485 423 402.7 375.7 292.7 284.1 269.6 325.1 53.3 274.4 268.2 279
Income Before Tax 6,227 5,308 3,671 4,702 4,164 3,228 2,930 2,681 2,461 3,188 1,815 54 1,346 1,130 1,347 1,339.4 1,178.9 1,279.2 1,622.5 1,404.8 1,360.0 1,168.9 1,130.3 905.1 615.1 767.3 698 560.5 471.3 814.8 386.2 345.4 66.2 267.3 258.3 302.6 86.6 379.6 299.1 295.8
Income Tax Expense 1,407 1,141 778 1,180 901 694 627 560 823 960 547 245 425 388 374 344 429.1 479.7 609.0 522.6 515.7 412.5 442.5 325.4 238.4 295.4 272.1 216.9 180.6 319.1 159.1 142.3 54.8 114.1 110.3 130.1 46.8 194.1 134.3 141.8
Net Income 4,471 3,852 2,626 3,248 3,024 2,339 2,123 1,958 1,496 2,106 1,156 (115) 1,376 437 911 828.1 730.5 799.5 1,013.6 882.2 844.3 755.8 687.6 576.8 377.0 403.8 425.8 333.2 290.7 495.7 227.1 203.1 11.4 28.6 148 172.5 39.8 185.5 164.8 154
Per Share Data
EPS (Basic) 14.67 12.36 8.25 10.25 12.56 9.71 8.65 7.80 5.84 8.02 4.26 -0.42 5.01 1.57 3.05 2.68 2.34 2.53 3.01 2.47 2.25 1.99 1.81 1.50 0.98 1.04 1.09 0.84 0.74 1.24 0.57 0.51 0.03 0.07 0.38 0.45 0.11 0.48 0.41 0.38
EPS (Diluted) 14.66 12.35 8.23 10.20 12.51 9.66 8.60 7.73 5.78 7.94 4.21 -0.42 4.91 1.53 3.00 2.65 2.33 2.51 2.94 2.40 2.21 1.96 1.79 1.48 0.96 1.03 1.07 0.83 0.73 1.24 0.57 0.51 0.03 0.07 0.38 0.45 0.11 0.48 0.41 0.38
Shares Outstanding 304.8 311.6 318.4 316.9 240.8 241 245.4 250.9 256.3 262.8 271.6 271.3 274.5 278.6 298.1 309.4 312.2 315.6 336.2 356.5 375.2 379.8 379.9 385.8 386.7 388.3 392.6 393.6 395.5 400.0 399.0 396.0 380 381.3 389.5 387.6 379.0 386.5 402.0 405.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 1,745 1,666 1,290 1,286 6,497 4,108 2,866 1,917 2,777 2,392 1,481 2,497 1,542 760 835 1,525.6 1,209.9 471.7 396.1 353.5 748.8 680.6 695.6 58.2 53.5 3.2 6.5 10.5 4.8 3.4 10.3 8.1 48 13.2 16.6 20.6 34.6 24.5 49.7 51.5
Short-Term Investments 56 20 26 14 11 9 28 18 12 8 6 3 18 1 29 22.2 24.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 3,441 2,867 2,826 2,494 1,650 1,593 1,577 1,449 1,319 1,122 991 932 949 954 702 990.6 969.7 1,060.9 1,189.2 1,237.3 1,114.3 1,051.4 956.4 991.8 1,038.3 1,095.1 1,052.6 954.9 981.9 882 865 781 731.1 617.6 624.2 655.3 498.1 489.2 461.8 427.8
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 263 275.1 301.2 369.7 350.7 322.2 335.3 327.8 301.2 360.8 402.6 388.9 295.3 284.7 290.5 273.2 238 213.3 215.2 188.5 192.1 188 166.5 309.8 239.6 230.5
Other Current Assets 1,054 906 1,001 1,307 341 39 21 49 10 0 613 360 205 2,184 2,355 281.7 278.4 285.4 280.5 244.7 287.4 258.2 226.1 169.8 218.7 314.5 199.3 178.7 187.2 191 126.5 121.7 137.5 91.7 109.4 97.2 140.5 60.2 41.7 40.7
Total Current Assets 6,296 5,459 5,143 5,667 8,810 5,988 4,712 3,604 4,324 3,671 3,296 3,966 2,936 3,899 2,679 3,294.6 2,936.4 2,302.7 2,333.0 2,257.9 2,590.9 2,447.8 2,256.2 1,674.3 1,812.9 1,801.7 1,553.7 1,428.8 1,464.4 1,349.6 1,239.8 1,124.1 1,131.8 911 942.3 961.1 839.7 883.7 792.8 750.5
Non-Current Assets
Property, Plant & Equipment 691 678 637 720 667 778 996 270 275 271 270 206 249 368 500 548.8 579.8 621.1 660.8 542.2 526.8 513.1 467.3 431.5 454.9 431.9 430.4 364 273.6 311.5 336.1 345.8 345.3 284.7 288.6 291.5 233.5 243.6 246.6 237.2
Goodwill 36,475 34,917 34,850 34,545 3,506 3,735 3,575 3,535 2,989 2,949 2,882 1,387 1,412 1,438 2,048 1,887.0 1,690.5 1,703.2 1,697.6 1,671.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 16,271 16,556 17,398 18,306 1,285 1,352 1,424 1,524 1,388 1,506 1,522 1,004 1,033 1,081 608 663.9 538.7 591.1 1,211.7 1,161.3 2,352.0 1,953.5 1,703.0 1,805.7 1,818.4 1,697.4 1,253.1 1,259.5 1,308.3 1,306.3 958.4 972.9 1,021 553.6 577.1 588.3 413 507.2 414 354.5
Long-Term Investments 603 1,774 1,787 1,752 165 0 0 0 0 0 (109) (335) 153 (117) (260) 0 539.4 605.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 864 837 774 794 758 684 641 525 449 272 213 180 170 266 592 652.3 166.4 176.9 454.2 410.0 926.1 948.6 967.6 1,120.8 1,074.9 1,000.4 851.6 735.8 678.2 674.8 570.1 565.7 586.1 758.8 717.2 692.7 722 123.9 184.2 120.6
Total Non-Current Assets 54,904 54,762 55,446 56,117 6,216 6,549 6,636 5,854 5,101 4,998 4,887 2,805 3,125 3,153 3,748 3,751.9 3,538.9 3,777.4 4,024.3 3,785.0 3,804.9 3,415.2 3,137.9 3,357.9 3,348.2 3,129.8 2,535.1 2,359.3 2,260.1 2,292.6 1,864.6 1,884.4 1,952.4 1,597.1 1,582.9 1,572.5 1,368.5 874.7 844.8 712.3
Total Assets 61,200 60,221 60,589 61,784 15,026 12,537 11,348 9,458 9,425 8,669 8,183 6,771 6,061 7,052 6,427 7,046.6 6,475.2 6,080.1 6,357.3 6,042.9 6,395.8 5,863.0 5,394.1 5,032.2 5,161.2 4,931.4 4,088.8 3,788.1 3,724.5 3,642.2 3,104.4 3,008.5 3,084.2 2,508.1 2,525.2 2,533.6 2,208.2 1,758.4 1,637.6 1,462.8
Current Liabilities
Account Payables 610 553 557 450 205 233 190 211 195 183 206 191 210 249 223 396.5 301.8 337.5 388.0 372.5 336.3 318.3 306.2 303.4 339.5 313.3 340.2 318.6 285.9 241.7 215.2 176.3 197.2 131 103.3 102 100.5 0 0 0
Short-Term Debt 842 4 47 226 0 0 0 0 399 0 143 0 0 457 400 0 0.0 70.0 0.0 2.4 2.9 4.6 26.0 119.4 223.0 227.8 181.7 75.5 77.4 24.5 71.3 105.3 170.8 124.2 130.8 114.7 124.8 144.6 180.7 47.9
Deferred Revenue 4,088 3,694 3,461 3,126 2,217 2,168 1,928 1,641 1,613 1,509 1,421 1,323 1,309 1,229 1,303 1,205.7 1,126.6 1,099.2 1,085.4 983.2 853.3 719.9 473.1 437.5 273.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 929 1,942 1,939 1,963 1,207 1,002 795 704 823 768 961 812 879 1,574 1,407 437.5 452.8 474.9 474.0 452.7 417.4 388.9 1,188.5 915.1 1,040.6 1,239.7 1,003.6 897.4 842.9 952.5 760 726.4 700.9 585.5 584.6 628 567.2 581.6 495.3 456.5
Total Current Liabilities 7,637 6,392 6,125 5,999 3,815 3,587 3,093 2,629 3,214 2,611 2,908 3,967 2,372 3,667 3,130 2,680.9 2,452.0 2,530.7 2,656.9 2,468.0 2,224.8 1,968.7 1,993.7 1,775.3 1,876.4 1,780.8 1,525.5 1,291.5 1,206.2 1,218.7 1,046.5 1,008 1,068.9 840.7 818.7 844.7 792.5 726.2 676 504.4
Non-Current Liabilities
Long-Term Debt 12,864 11,394 11,412 10,730 4,114 4,110 3,948 3,662 3,170 3,564 3,468 799 799 799 798 1,198.0 1,197.8 1,197.6 1,197.4 0.3 0.3 0.5 0.4 458.9 833.6 817.5 354.8 452.1 607 556.9 557.4 657.5 757.6 358.7 437.3 507.6 377.6 1.9 3.9 6.4
Deferred Tax Liabilities 3,262 3,397 3,690 4,065 147 0 0 0 0 0 23 56 205 0 0 0 10.0 3.4 139.2 150.7 318.0 232.1 200.5 200.1 190.3 163.2 135.4 129.3 111 150.3 140.5 129.8 119.5 109.7 182.9 117.3 40.3 67.1 58.3 40.9
Other Non-Current Liabilities 791 995 721 669 922 944 883 845 923 713 621 600 531 936 915 876.3 738.5 907.0 757.2 744.2 739.5 480.0 642.4 432.0 407.0 408.9 381.6 363.4 365.7 355.2 324.9 300.1 315.2 290.2 87.3 109.7 117.6 40.4 74.2 49.8
Total Non-Current Liabilities 17,411 16,321 16,364 16,041 5,675 5,598 5,451 4,525 4,093 4,277 4,112 1,455 1,535 1,735 1,713 2,074.3 2,094.1 2,267.1 2,093.8 895.3 1,057.8 909.8 843.3 1,091.1 1,430.9 1,389.6 871.8 944.8 1,083.7 1,062.4 1,022.8 1,087.4 1,192.3 758.6 707.5 734.6 535.5 109.4 136.4 97.1
Total Liabilities 25,048 22,713 22,489 22,040 9,490 9,185 8,544 7,154 7,307 6,888 7,020 5,422 3,907 5,402 4,843 4,755.2 4,546.1 4,797.8 4,750.7 3,363.3 3,282.7 2,878.5 2,837.0 2,866.4 3,307.3 3,170.4 2,397.3 2,236.3 2,289.9 2,281.1 2,069.3 2,095.4 2,261.2 1,599.3 1,526.2 1,579.3 1,328 835.6 812.4 601.5
Stockholders' Equity
Common Stock 415 415 415 415 294 294 294 294 412 412 412 412 412 412 412 411.7 411.7 411.7 411.7 411.7 411.7 205.9 205.9 205.9 205.8 205.8 205.8 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 23,666 20,977 18,728 17,784 15,017 13,367 12,205 11,284 10,025 9,210 7,636 6,946 7,384 6,525 7,667 7,056.6 6,522.6 6,070.8 5,551.8 4,821.1 4,199.2 3,680.9 3,153.2 2,672.1 2,292.3 2,105.1 1,926.8 1,670.1 1,542.9 1,394.9 1,030.5 923.1 834.3 934.6 1,015.5 974.7 907.6 959.5 862.9 782.3
Accumulated Other Comprehensive Income (697) (883) (763) (886) (841) (637) (624) (742) (649) (773) (600) (514) (196) (517) (425) (367.4) (343.0) (444.0) (12.6) (115.2) (96.8) (52.3) (87.4) (122.0) (142.2) (123.2) (101.8) (550.8) (564.6) (524.2) (491.2) (442.9) 0 0 0 0 0 0 0 0
Total Stockholders' Equity 31,235 33,159 34,200 36,477 2,032 509 479 628 768 701 243 539 1,344 840 1,584 2,210.3 1,847.3 1,282.3 1,606.7 2,679.6 3,113.1 2,984.5 2,557.1 2,165.8 1,853.9 1,761.0 1,691.5 1,551.8 1,434.6 1,361.1 1,035.1 913.1 823 908.8 999 954.3 880.2 922.8 825.2 861.3
Total Liabilities & Equity 61,200 60,221 60,589 61,784 15,026 12,537 11,348 9,458 9,425 8,669 8,183 6,771 6,061 7,052 6,427 7,046.6 6,475.2 6,080.1 6,357.3 6,042.9 6,395.8 5,863.0 5,394.1 5,032.2 5,161.2 4,931.4 4,088.8 3,788.1 3,724.5 3,642.2 3,104.4 3,008.5 3,084.2 2,508.1 2,525.2 2,533.6 2,208.2 1,758.4 1,637.6 1,462.8
Debt Metrics
Total Debt 14,200 11,933 12,000 11,651 4,702 4,754 4,680 3,662 3,569 3,564 3,611 795 799 1,256 1,198 1,198.0 1,197.8 1,267.6 1,197.4 2.7 3.3 5.1 26.3 578.3 1,056.5 1,045.4 536.5 527.6 684.4 581.4 628.7 762.8 928.4 482.9 568.1 622.3 502.4 146.5 184.6 54.3
Net Debt 12,455 10,267 10,710 10,365 (1,795) 646 1,814 1,745 792 1,172 2,130 (1,702) (743) 496 363 (327.6) (12.1) 796.0 801.4 (350.8) (745.5) (675.5) (669.2) 520.2 1,003.0 1,042.2 530 517.1 679.6 578 618.4 754.7 880.4 469.7 551.5 601.7 467.8 122 134.9 2.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Operating Activities
Net Income 4,820 3,852 2,893 3,522 3,263 2,534 2,303 2,121 1,638 2,228 1,268 (191) 903 726 934 851.9 749.8 799.5 1,013.6 882.2 844.3 755.8 687.6 576.8 377.0 471.9 425.8 341.9 290.7 495.7 227.1 203.1 11.4 153.2 148 172.5 39.8
Depreciation & Amortization 1,179 1,173 1,143 1,013 178 206 204 206 180 181 157 134 137 141 187 417.4 436.0 448.8 401.2 390.0 385.3 392.7 403.2 408.8 420.6 362.3 308.4 299.2 293.5 238.6 231.4 230 139.6 74.3 72.1 66.8 68.9
Stock-Based Compensation 236 247 171 214 122 90 78 94 99 76 78 100 99 93 97 66.5 22.3 (1.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (432) 235 (460) (74) (70) 247 (1) (512) (68) (92) (1,761) (267) (500) (314) (40) 4.7 69.8 (108.5) 217.9 165.0 305.6 (102.2) 362.9 54.4 66.8 (185.2) (48.1) 28.4 (304.2) 48.5 (92) (129.6) 88.5 (12.9) (128.9) (184) (214.8)
Other Non-Cash Items 90 505 344 (1,719) 92 521 146 74 88 (1,008) 205 1,678 100 48 156 43.4 37.3 30.9 139.7 158.7 24.7 17.1 (12.5) (9.6) 198.9 21.8 (0.1) 85.6 93.1 (322.6) 6.2 3.9 204.8 36.5 7.2 6.6 11.3
Operating Cash Flow 5,651 5,689 3,710 2,603 3,598 3,567 2,776 2,064 2,016 1,464 195 1,209 816 747 1,344 1,458.2 1,320.8 1,168.8 1,717.0 1,509.3 1,559.9 1,063.5 1,382.3 1,142.4 1,070.7 705.6 708.1 755.1 373.1 460.2 433.2 413.9 465.6 251.1 208.6 194.1 111.3
Investing Activities
Capital Expenditure (195) (124) (143) (89) (35) (76) (115) (113) (123) (115) (139) (92) (117) (97) (119) (266.3) (269.3) (385.4) (246.3) (426.4) (120.2) (139.0) (115.0) (70.0) (116.9) (97.7) (221.4) (203.6) (122.5) (63.3) (58.8) (77.1) (49.8) (72.7) (51.2) (95.8) (58)
Acquisitions (2,023) (137) 718 3,719 (83) (183) (6) (401) (83) 1,321 (2,382) 12 4 (177) (200) (364.4) 0 (48.3) (86.7) (13.5) (461.8) (306.2) (3.7) (19.3) (333.2) (703.7) 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (35) 0 0 (2) (2) (19) (10) 0 0 (1) (4) 0 0 0 (158) 0 (24.6) 0 (299.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 2 2 19 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 1,549 6 (13) (2) (2) 19 (10) 1 (3) (1) (4) 353 1,857 352 231 33.1 15.2 0.4 62.3 12.4 (142.9) (201.5) 256.5 (277.2) (276.7) (107.6) (179.1) (128.5) (102.3) (176.9) (134.2) (103.9) (397.9) 10.4 4.7 (89.2) (301.6)
Investing Cash Flow (704) (255) 562 3,628 (120) (240) (131) (513) (209) 1,205 (2,525) 273 1,744 78 (246) (597.5) (278.7) (433.3) (569.7) (427.5) (725.0) (646.7) 137.8 (366.5) (726.8) (909.0) (400.5) (332.1) (224.8) (240.2) (193) (181) (447.7) (62.3) (46.5) (185) (359.6)
Financing Activities
Net Debt Issuance 1,704 (47) 556 1,665 0 (118) 0 86 0 (71) 2,817 0 0 57 0 0 (70) 70 1,186.5 (0.6) (12.7) (22.7) (552.7) (478.5) 11.4 511.2 11.9 (156.7) 62.3 (46.7) (134.2) (166.1) 111.5 (84.1) (59) 86.5 355.2
Stock Repurchased (5,001) (3,301) (3,301) (12,004) 0 (1,164) (1,306) (1,660) (1,001) (1,123) (974) (362) (978) (295) (1,500) (256) 0 (447.2) (2,212.7) (1,540.1) (677.7) (409.4) (216.4) (183.1) (176.5) (167.6) (173.8) (105.6) (79.9) (63.3) 0 0 0 0 0 0 0
Dividends Paid (1,170) (1,134) (1,147) (1,024) (743) (645) (560) (503) (421) (380) (363) (326) (308) (984) (296) (292.3) (281.6) (280.5) (277.7) (260.3) (246.0) (228.2) (206.5) (197.0) (189.8) (182.5) (169) (154.4) (142.7) (131.4) (119.7) (114.3) (111.8) (109.4) (107.3) (105.3) (99.7)
Other Financing Activities (463) (516) (388) 37 (283) (255) 9 (220) (85) (26) (201) 226 (258) 18 131 14.8 0.3 45.4 35.8 58.3 (0.2) (0.3) (0.4) (0.6) (0.4) (3.2) (1.7) (21.2) (5.6) (4.9) (2.6) (1.5) (0.5) (1.6) (2.1) (5.8) (4.4)
Financing Cash Flow (4,930) (4,998) (4,280) (11,326) (1,013) (2,166) (1,751) (2,288) (1,507) (1,600) 1,510 (462) (1,743) (905) (1,665) (533.4) (326.1) (612.3) (1,121.2) (1,479.9) (743.8) (441.7) (896.9) (781.7) (291.4) 203.2 (309.8) (415.6) (145.5) (226.4) (235.9) (267.9) 18.2 (190.4) (165.9) (23.4) 259
Cash Position
Net Change in Cash 79 375 4 (5,218) 2,383 1,236 928 (821) 387 911 (1,016) 955 782 (75) (582) 315.7 738.3 75.6 42.6 (395.3) 68.2 (15.0) 637.4 4.7 50.4 (3.3) (4) 5.7 1.3 (6.7) 2.1 (39.9) 34.8 (3.5) (4) (14) 10.2
Cash at Beginning 1,666 1,291 1,287 6,505 4,122 2,886 1,958 2,779 2,392 1,481 2,497 1,542 760 835 1,526 1,209.9 471.7 396.1 353.5 748.8 680.6 695.6 58.2 53.5 3.2 6.5 10.5 4.8 3.4 10.3 8.1 48 13.2 16.6 20.6 34.6 24.5
Cash at End 1,745 1,666 1,291 1,287 6,505 4,122 2,886 1,958 2,779 2,392 1,481 2,497 1,542 760 944 1,525.6 1,209.9 471.7 396.1 353.5 748.8 680.6 695.6 58.2 53.5 3.2 6.5 10.5 4.7 3.6 10.2 8.1 48 13.1 16.6 20.6 34.7
Free Cash Flow 5,456 5,565 3,567 2,514 3,563 3,491 2,661 1,951 1,893 1,349 56 1,117 699 650 1,225 1,191.9 1,051.5 783.3 1,470.7 1,082.9 1,439.7 924.5 1,267.4 1,072.4 953.8 607.8 486.7 551.5 250.6 396.9 374.4 336.8 415.8 178.4 157.4 98.3 53.3
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 15,336 14,208 12,497 11,181 8,297 7,442 6,699 6,258 6,063 5,661 5,313 5,051 4,875 4,450 6,246 6,168.3 5,951.8 6,355.1 6,772.3 6,255.1 6,003.6 5,250.5 4,827.9 4,787.7 4,645.5 4,281.0 3,992 3,729.1 3,534.1 3,074.7 2,935.3 2,760.9 2,195.5 2,050.5 1,943 1,938.6 1,789 1,818 1,751.2 1,576.8
Gross Profit 10,773 9,817 8,356 7,428 6,117 5,348 4,723 4,420 4,369 3,888 3,595 3,400 3,138 2,837 2,567 2,433 3,565.8 3,842.1 4,244.7 3,867.9 3,687.3 3,203.9 2,871.9 2,692.7 2,465.2 2,452.7 2,253.6 2,063.3 1,894.7 1,629.7 1,595 1,474.6 1,206.5 1,085.7 1,036.7 1,064.7 964.4 977.2 954.9 877.3
Operating Income 6,478 5,580 4,020 4,944 4,221 3,617 3,226 2,790 2,583 3,341 1,917 113 1,358 1,170 1,077 1,026 1,255.7 1,354.8 1,663.1 1,418.5 1,365.2 1,174.7 1,137.4 919.9 671.2 820.2 675.7 547.4 485 423 402.7 375.7 292.7 284.1 269.6 325.1 53.3 274.4 268.2 279
Net Income 4,471 3,852 2,626 3,248 3,024 2,339 2,123 1,958 1,496 2,106 1,156 (115) 1,376 437 911 828.1 730.5 799.5 1,013.6 882.2 844.3 755.8 687.6 576.8 377.0 403.8 425.8 333.2 290.7 495.7 227.1 203.1 11.4 28.6 148 172.5 39.8 185.5 164.8 154
EPS (Diluted) 14.66 12.35 8.23 10.20 12.51 9.66 8.60 7.73 5.78 7.94 4.21 -0.42 4.91 1.53 3.00 2.65 2.33 2.51 2.94 2.40 2.21 1.96 1.79 1.48 0.96 1.03 1.07 0.83 0.73 1.24 0.57 0.51 0.03 0.07 0.38 0.45 0.11 0.48 0.41 0.38
Balance Sheet
Cash & Equivalents 1,745 1,666 1,290 1,286 6,497 4,108 2,866 1,917 2,777 2,392 1,481 2,497 1,542 760 835 1,525.6 1,209.9 471.7 396.1 353.5 748.8 680.6 695.6 58.2 53.5 3.2 6.5 10.5 4.8 3.4 10.3 8.1 48 13.2 16.6 20.6 34.6 24.5 49.7 51.5
Total Assets 61,200 60,221 60,589 61,784 15,026 12,537 11,348 9,458 9,425 8,669 8,183 6,771 6,061 7,052 6,427 7,046.6 6,475.2 6,080.1 6,357.3 6,042.9 6,395.8 5,863.0 5,394.1 5,032.2 5,161.2 4,931.4 4,088.8 3,788.1 3,724.5 3,642.2 3,104.4 3,008.5 3,084.2 2,508.1 2,525.2 2,533.6 2,208.2 1,758.4 1,637.6 1,462.8
Total Debt 14,200 11,933 12,000 11,651 4,702 4,754 4,680 3,662 3,569 3,564 3,611 795 799 1,256 1,198 1,198.0 1,197.8 1,267.6 1,197.4 2.7 3.3 5.1 26.3 578.3 1,056.5 1,045.4 536.5 527.6 684.4 581.4 628.7 762.8 928.4 482.9 568.1 622.3 502.4 146.5 184.6 54.3
Stockholders' Equity 31,235 33,159 34,200 36,477 2,032 509 479 628 768 701 243 539 1,344 840 1,584 2,210.3 1,847.3 1,282.3 1,606.7 2,679.6 3,113.1 2,984.5 2,557.1 2,165.8 1,853.9 1,761.0 1,691.5 1,551.8 1,434.6 1,361.1 1,035.1 913.1 823 908.8 999 954.3 880.2 922.8 825.2 861.3
Cash Flow
Operating Cash Flow 5,651 5,689 3,710 2,603 3,598 3,567 2,776 2,064 2,016 1,464 195 1,209 816 747 1,344 1,458.2 1,320.8 1,168.8 1,717.0 1,509.3 1,559.9 1,063.5 1,382.3 1,142.4 1,070.7 705.6 708.1 755.1 373.1 460.2 433.2 413.9 465.6 251.1 208.6 194.1 111.3
Capital Expenditure (195) (124) (143) (89) (35) (76) (115) (113) (123) (115) (139) (92) (117) (97) (119) (266.3) (269.3) (385.4) (246.3) (426.4) (120.2) (139.0) (115.0) (70.0) (116.9) (97.7) (221.4) (203.6) (122.5) (63.3) (58.8) (77.1) (49.8) (72.7) (51.2) (95.8) (58)
Free Cash Flow 5,456 5,565 3,567 2,514 3,563 3,491 2,661 1,951 1,893 1,349 56 1,117 699 650 1,225 1,191.9 1,051.5 783.3 1,470.7 1,082.9 1,439.7 924.5 1,267.4 1,072.4 953.8 607.8 486.7 551.5 250.6 396.9 374.4 336.8 415.8 178.4 157.4 98.3 53.3