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S&P Global SPGI Business Segments

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Revenue by Business
Indices$534M+19.7%$519M+16.6%$498M+14.5%$462M+11.1%$446M+14.7%
Market Intelligence$1.29B+6.0%$1.3B+8.1%$1.26B+6.5%$1.24B+6.4%$1.22B+5.4%
Mobility$468M+6.8%$454M+8.1%$444M+8.0%$445M+8.0%$438M+9.5%
Ratings$1.34B+16.6%$1.3B+13.3%$1.19B+11.7%$1.24B+11.7%$1.15B+1.1%
Revenue by Product
Asset-linked fees$348M+21.7%$339M+17.7%$330M+13.8%$303M+13.9%$286M+16.7%
Non-subscription / Transaction$895M+20.1%$978M+15.1%$738M+8.4%$812M+10.5%$745M-4.1%
Non-transaction$540M+7.6%$538M+11.9%$549M+11.4%$521M+11.8%$502M+8.4%
Recurring variable revenue$173M+9.5%$169M+12.7%$156M+4.7%$158M+11.3%$158M+7.5%
Sales usage-based royalties$126M+14.5%$133M+20.9%$115M+18.6%$108M+5.9%$110M+14.6%
Subscription$2.06B+5.6%$2.01B+6.1%$2.03B+7.8%$1.99B+6.5%$1.95B+7.3%
Revenue by Geography
Asia$440M+7.8%$430M+12.6%$419M+10.3%$430M+10.8%$408M+10.9%
Europe$952M+10.3%$895M+5.4%$935M+10.1%$885M+10.3%$863M+4.0%
Rest Of World$224M+4.2%$221M+8.3%$213M+6.0%$211M+1.0%$215M+7.5%
UNITED STATES$2.53B+11.5%$2.63B+12.1%$2.35B+8.6%$2.36B+8.5%$2.27B+5.5%

FAQ

How does S&P Global break its business down?
S&P Global (SPGI) reports revenue by business across 4 parts — Indices, Market Intelligence, Mobility and Ratings. Each is extracted from the segment footnotes and tracked over time.
Where does S&P Global's segment data come from?
Segment breakdowns are pulled from the segment footnotes in S&P Global's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.