S&P Global SPGI Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Indices | $1.93B+4.0% | $1.85B+3.5% | $1.79B+2.6% | $1.74B+3.4% | $1.69B+3.6% | |
| Market Intelligence | $5.01B+2.0% | $4.92B+1.6% | $4.84B+1.6% | $4.76B+1.3% | $4.7B+1.2% | |
| Mobility | $1.78B+1.9% | $1.75B+1.9% | $1.71B+2.0% | $1.68B+2.3% | $1.64B+2.1% | |
| Ratings | $4.88B+3.2% | $4.72B+2.7% | $4.6B+2.9% | $4.47B+0.3% | $4.46B+2.0% | |
| Revenue by Product | ||||||
| Asset-linked fees | $1.26B+4.2% | $1.21B+3.4% | $1.17B+3.3% | $1.13B+3.8% | $1.09B+4.2% | |
| Non-subscription / Transaction | $3.27B+4.1% | $3.15B+1.8% | $3.09B+2.6% | $3.01B-1.1% | $3.04B+1.9% | |
| Non-transaction | $2.11B+2.8% | $2.05B+2.8% | $2B+2.8% | $1.94B+2.0% | $1.9B+2.5% | |
| Recurring variable revenue | $641M+3.1% | $622M+1.1% | $615M+2.7% | $599M+1.9% | $588M+1.6% | |
| Sales usage-based royalties | $466M+5.2% | $443M+4.2% | $425M+1.4% | $419M+3.5% | $405M+2.8% | |
| Subscription | $7.98B+1.5% | $7.87B+1.9% | $7.72B+1.6% | $7.6B+1.8% | $7.47B+1.6% | |
| Revenue by Geography | ||||||
| Asia | $1.69B+2.9% | $1.64B+2.4% | $1.6B+2.7% | $1.56B+2.6% | $1.52B+1.7% | |
| Europe | $3.58B+1.3% | $3.53B+2.5% | $3.45B+2.5% | $3.36B+1.0% | $3.33B+2.2% | |
| Rest Of World | $860M+2.0% | $843M+1.4% | $831M+0.2% | $829M+1.8% | $814M-0.6% | |
| UNITED STATES | $9.61B+3.0% | $9.32B+2.0% | $9.14B+2.1% | $8.95B+1.3% | $8.83B+2.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- 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.
