Non Transaction — Revenue
S&P Global Non Transaction — Revenue increased by 3.8% to $521.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.8%, from $466.00M to $521.00M. Over 3 years (FY 2021 to FY 2024), Non Transaction — Revenue shows relatively stable performance with a 3.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates a growing base of recurring revenue and higher business model stability, while a decrease may signal customer churn or a shift toward more volatile transactional revenue sources.
Detailed definition
This metric represents recurring or subscription-based revenue streams derived from data, analytics, and software soluti...
Peer comparison
Similar to 'Subscription Revenue' or 'Recurring Revenue' reported by other financial data and information services providers like Moody's, MSCI, or FactSet.
spgi_segment_non_transaction_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $422.00M | $429.00M | $447.00M | $425.00M | $409.00M | $394.00M | $412.00M | $403.00M | $427.00M | $447.00M | $453.00M | $435.00M | $463.00M | $466.00M | $494.00M | $481.00M | $502.00M | $521.00M |
| QoQ Change | — | +1.7% | +4.2% | -4.9% | -3.8% | -3.7% | +4.6% | -2.2% | +6.0% | +4.7% | +1.3% | -4.0% | +6.4% | +0.6% | +6.0% | -2.6% | +4.4% | +3.8% |
| YoY Change | — | — | — | — | -3.1% | -8.2% | -7.8% | -5.2% | +4.4% | +13.5% | +10.0% | +7.9% | +8.4% | +4.3% | +9.1% | +10.6% | +8.4% | +11.8% |
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Frequently Asked Questions
- What is S&P Global's non transaction — revenue?
- S&P Global (SPGI) reported non transaction — revenue of $521.00M in Q3 2025.
- How has S&P Global's non transaction — revenue changed year-over-year?
- S&P Global's non transaction — revenue increased by 11.8% year-over-year, from $466.00M to $521.00M.
- What is the long-term trend for S&P Global's non transaction — revenue?
- Over 3 years (2021 to 2024), S&P Global's non transaction — revenue has grown at a 3.0% compound annual growth rate (CAGR), from $1.70B to $1.86B.
- What does non transaction — revenue mean?
- Revenue generated from recurring subscriptions and long-term data service contracts rather than one-time transaction fees.