Subscription — Revenue
S&P Global Subscription — Revenue increased by 1.6% to $1.99B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 6.5%, from $1.86B to $1.99B. Over 3 years (FY 2021 to FY 2024), Subscription — Revenue shows an upward trend with a 31.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates strong customer retention and successful expansion of the recurring revenue base, while a decrease may signal churn or a shift in customer purchasing behavior away from subscription models.
Detailed definition
This metric represents the total revenue generated from recurring subscription-based contracts across the company's vari...
Peer comparison
Comparable to Annual Recurring Revenue (ARR) or subscription-based revenue reported by other financial data and information services firms.
spgi_segment_subscription_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 | $805.00M | $824.00M | $843.00M | $1.13B | $1.69B | $1.68B | $1.71B | $1.74B | $1.72B | $1.73B | $1.77B | $1.78B | $1.82B | $1.86B | $1.88B | $1.90B | $1.95B | $1.99B |
| QoQ Change | — | +2.4% | +2.3% | +33.5% | +49.8% | -0.2% | +1.6% | +1.8% | -1.0% | +0.4% | +2.3% | +0.5% | +2.4% | +2.4% | +1.0% | +0.8% | +3.0% | +1.6% |
| YoY Change | — | — | — | — | +109.3% | +104.1% | +102.7% | +54.7% | +2.3% | +2.9% | +3.6% | +2.2% | +5.7% | +7.7% | +6.4% | +6.7% | +7.3% | +6.5% |
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Frequently Asked Questions
- What is S&P Global's subscription — revenue?
- S&P Global (SPGI) reported subscription — revenue of $1.99B in Q3 2025.
- How has S&P Global's subscription — revenue changed year-over-year?
- S&P Global's subscription — revenue increased by 6.5% year-over-year, from $1.86B to $1.99B.
- What is the long-term trend for S&P Global's subscription — revenue?
- Over 3 years (2021 to 2024), S&P Global's subscription — revenue has grown at a 31.2% compound annual growth rate (CAGR), from $3.25B to $7.35B.
- What does subscription — revenue mean?
- The total revenue earned from recurring customer subscriptions for data, software, and analytical services.