Discontinued — last reported Q2 '25
Equity
Redeemable NCI
S&P Global Redeemable NCI decreased by 0.1% to $4.46B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.6%, from $4.31B to $4.46B. Over 4 years (FY 2020 to FY 2024), Redeemable NCI shows an upward trend with a 11.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionEquity
CategoryLiquidity
SignalLower is better
VolatilityStable
First reportedQ4 2023
Last reportedQ2 2025
How to read this metric
An increase indicates a potential future cash outflow obligation, which could impact liquidity.
Detailed definition
This represents equity interests in subsidiaries held by third parties that have redemption features, allowing the holde...
Peer comparison
Common in companies with complex joint ventures or partially owned subsidiaries.
Metric ID:
redeemable_noncontrolling_interestsHistorical Data
18 periods
| 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 | $3.11B | $3.19B | $3.43B | $3.43B | $3.29B | $3.16B | $3.27B | $3.40B | $3.51B | $3.51B | $3.80B | $3.83B | $4.01B | $4.31B | $4.25B | $4.25B | $4.47B | $4.46B |
| QoQ Change | — | +2.6% | +7.6% | +0.0% | -3.9% | -4.1% | +3.4% | +4.1% | +3.2% | +0.0% | +8.3% | +0.7% | +4.9% | +7.2% | -1.2% | +0.0% | +5.0% | -0.1% |
| YoY Change | — | — | — | — | +6.1% | -0.8% | -4.7% | -0.8% | +6.6% | +11.1% | +16.3% | +12.4% | +14.4% | +22.6% | +11.9% | +11.2% | +11.2% | +3.6% |
Range$3.11B – $4.47B
CAGR+8.9%
Avg YoY Growth+8.6%
Median YoY Growth+11.1%
Redeemable NCI at Other Companies
Frequently Asked Questions
- What is S&P Global's redeemable nci?
- S&P Global (SPGI) reported redeemable nci of $4.46B in Q3 2025.
- How has S&P Global's redeemable nci changed year-over-year?
- S&P Global's redeemable nci increased by 3.6% year-over-year, from $4.31B to $4.46B.
- What is the long-term trend for S&P Global's redeemable nci?
- Over 4 years (2020 to 2024), S&P Global's redeemable nci has grown at a 11.2% compound annual growth rate (CAGR), from $2.78B to $4.25B.
- What does redeemable nci mean?
- Equity held by others in a subsidiary that the company may be required to repurchase.