SPGI · 10-Q · 2026Q3 · Full report
Operating Cash Flow Trends
S&P Global Inc. · 2026-10-28 · Importance 54 · Surprise 40 · From source text
Cash provided by operating activities from continuing operations increased 10%, or $344 million, to $3.661 billion for the first nine months of 2026. The company attributed the increase primarily to higher 2026 operating results and higher compensation payments in 2025. Cash, cash equivalents and restricted cash totaled $2.441 billion at September 30, 2026, up $734 million from December 31, 2025. Free cash flow increased $349 million to $3.299 billion for the nine months, from $2.950 billion in 2025.
Key facts
- Cash provided by operating activities from continuing operations was $3.661 billion for the first nine months of 2026, up 10% from 2025. source
- Free cash flow increased $349 million to $3.299 billion in the first nine months of 2026 from $2.950 billion in the first nine months of 2025. source
- Cash provided by operating activities from continuing operations increased $344 million to $3.661 billion in the first nine months of 2026 compared with the first nine months of 2025. source
- S&P Global Inc. generated $3,661 million of cash from operating activities from continuing operations in the nine months ended September 30, 2026, compared with $3,317 million in 2025. source
- The increase in operating cash flow was primarily attributable to higher operating results in 2026 and higher compensation payments in 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +0.7% | Free cash flow increased $349 million to $3.299 billion in the first nine months of 2026 from $2.950 billion in the first nine months of… |
| cash | positive | realized | +0.7% | Cash provided by operating activities from continuing operations was $3.661 billion for the first nine months of 2026, up 10% from 2025. |