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S&P Global Executive Compensation (FY25)

SPGI · New York, NY · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 12, 2026Latest filing (8-K): May 21, 2026
13 filings cited on this page
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Published by Velarion Company Intelligence
S&P Global brief$1,500Get the executive brief
359 figures on this page: 350 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Martina Cheung
Median of the other named officers
$5,516,800
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee

More on S&P Global

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Martina Cheung: $7,574,922 → $12,831,062 (69.4% higher)
Say-on-pay support: 68.8% → 94.2% (25.4 points higher)
CEO pay ratio: 526:1 → 320:1 (39.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is S&P Global's chief executive and what were they paid?
Martina Cheung was paid $12,831,062 in total compensation as President and Chief Executive Officer for fiscal 2025. Cheung's total was 69.4% higher than the $7,574,922 reported for fiscal 2024.
What was S&P Global's say-on-pay result?
Shareholders supported the say-on-pay proposal with 94.2% of votes cast for or against in favor at the meeting held May 20, 2026 for fiscal 2025.
Which companies are in S&P Global's peer group?
The disclosed peer group includes American Express, Automatic Data Processing, BlackRock, CME Group and Fidelity National Information Services, among others.
What is S&P Global's chief executive pay ratio?
The company reported a chief executive pay ratio of 320:1 for fiscal 2025, against median employee compensation of $40,158.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Douglas Peterson
President and Chief Executive Officer
◇—◇—◇—◇◇
Ewout Steenbergen
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Martina Cheung
President, S&P Global Ratings
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Douglas Peterson
President and Chief Executive Officer
◇—◇—◇—◇◇
Ewout Steenbergen
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Martina Cheung
President, S&P Global Ratings
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Douglas Peterson
Senior Advisor; Former President and Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Martina Cheung
President and Chief Executive Officer
◇—◇—◇—◇◇
Adam Kansler
Former President, S&P Global Market Intelligence
Departed during or after this year
◇—◇—◇—◇◇
Sally Moore
EVP, Chief Client Officer
◇—◇—◇—◇◇
Steven Kemps
EVP, Chief Legal Officer
◇◇◇—◇—◇◇
Saugata Saha
President, S&P Global Market Intelligence
◇—◇—◇—◇◇
Christopher Craig
SVP, Interim Chief Financial Officer and Controller
Served on an interim basis
◇—◇—◇—◇◇
Ewout Steenbergen
Former EVP, Chief Financial Officer
Departed during or after this year
◇—————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eric Aboaf
Executive Vice President, Chief Financial Officer
◇◇◇—◇—◇◇
Martina Cheung
President and Chief Executive Officer
◇—◇—◇◇◇◇
William Eager
President, S&P Global Mobility
◇—◇—◇—◇◇
Saugata Saha
President, S&P Global Market Intelligence; Chief Enterprise Data Officer
◇—◇—◇—◇◇
Daniel Draper
Former CEO, S&P Dow Jones Indices
Departed during or after this year
◇—◇—◇—◇◇
Steven Kemps
Executive Vice President, Chief Legal Officer
◇—◇—◇—◇◇
Christopher Craig
SVP, Controller; Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher CraigPSU◇—◇—◇—◇
Christopher CraigRSU◇——◇——◇
Daniel DraperPSU◇—◇—◇—◇
Daniel DraperRSU◇——◇——◇
Eric AboafRSU◇——◇——◇
Eric AboafPSU◇—◇—◇—◇
Eric AboafRSU◇——◇——◇
Eric AboafPSU◇—◇—◇—◇
Martina CheungPSU◇—◇—◇—◇
Martina CheungRSU◇——◇——◇
Saugata SahaPSU◇—◇—◇—◇
Saugata SahaRSU◇——◇——◇
Steven KempsRSU◇——◇——◇
Steven KempsPSU◇—◇—◇—◇
William EagerPSU◇—◇—◇—◇
William EagerPSU◇◇◇—◇—◇
William EagerRSU◇——◇——◇
William EagerRSU◇——◇——◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
S. SahaPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
E. AboafRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
C. CraigRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
W. EagerRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
D. DraperRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
S. KempsRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
M. CheungRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Daniel Draper
Former CEO, S&P Dow Jones Indices · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Eric Aboaf
Executive Vice President, Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Martina Cheung
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Saugata Saha
President, S&P Global Market Intelligence; Chief Enterprise Data Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Steven Kemps
Executive Vice President, Chief Legal Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
William Eager
President, S&P Global Mobility · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ian Livingston
Board chair
◇◇———◇◇
Rebecca Jacoby
◇◇———◇◇
Maria Morris
◇◇———◇◇
Gregory Washington
◇◇———◇◇
William Green
◇◇———◇◇
Stephanie Hill
◇◇———◇◇
Jacques Esculier
◇◇———◇◇
Richard Thornburgh
◇◇———◇◇
Gay Huey Evans
◇◇———◇◇
Robert Kelly
◇◇———◇◇
Robert Moritz, Hubert Joly, Martina Cheung and Marco Alver served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Express AXP
  • Automatic Data Processing ADP
  • BlackRock BLK
  • CME Group CME
  • Fidelity National Information Services FIS
  • Fiserv FI
  • Intercontinental Exchange ICE
  • Marsh & McLennan MMC
  • Mastercard MA
  • Moody's Corporation MCO
  • PayPal PYPL
  • State Street STT
  • T. Rowe Price Group TROW
  • The Charles Schwab Corporation SCHW
  • Thomson Reuters TRI
  • Visa V

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 7, 2025=◇◇◇
2023May 1, 2024=◇◇◇
2022May 3, 2023=◇◇◇
2021May 4, 2022=◇◇◇
2020May 5, 2021=◇◇◇
2019May 13, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 1, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact S&P Global disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where S&P Global sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
359 figures on this page: 350 cited to the filing that reported them, 9 calculated from figures it prints.
350 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000064040-26-000028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-037380
    2025 Director Compensation Table · 2025 Grants of Plan-Based Awards Table · 2025 Summary Compensation Table · CEO Pay Ratio · and 3 more sections
  3. 0000064040-25-000135
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001104659-25-027558
    2024 Summary Compensation Table
  5. 0000064040-24-000130
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-035901
    2023 Summary Compensation Table
  7. 0000064040-23-000124
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-23-035844
    2022 Summary Compensation Table
  9. 0000064040-22-000126
  10. 0000064040-21-000128
  11. 0000064040-20-000126
  12. 0000064040-19-000142
  13. 0000064040-18-000132
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “S&P Global executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SPGI (accessed 2026).
Short form: data: Velarion

The paid brief for S&P Global

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
13 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers S&P Global discloses

The companies named in SPGI's own disclosed peer group.

American ExpressAutomatic Data ProcessingBlackRockCME GroupFidelity National Information ServicesIntercontinental ExchangeMarsh & McLennanMastercardMoody's CorporationPayPalState StreetT. Rowe Price GroupThe Charles Schwab CorporationVisa

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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