S&P Global SPGI Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue by Business | |||||
| Indices | $1.85B+13.8% | $1.63B+15.9% | $1.4B+4.9% | $1.34B+16.5% | |
| Market Intelligence | $4.92B+5.8% | $4.65B+6.1% | $4.38B+14.9% | $3.81B+74.4% | |
| Mobility | $1.75B+8.6% | $1.61B+8.4% | $1.48B+29.9% | $1.14B— | |
| Ratings | $4.72B+8.1% | $4.37B+31.2% | $3.33B+9.2% | $3.05B-25.6% | |
| Revenue by Product | |||||
| Asset-linked fees | $1.21B+15.5% | $1.05B+21.5% | $860M-0.2% | $862M+7.8% | |
| Non-subscription / Transaction | $3.15B+5.3% | $2.99B+42.7% | $2.09B+16.0% | $1.81B-22.2% | |
| Non-transaction | $2.05B+10.6% | $1.86B+7.3% | $1.73B+5.5% | $1.64B-3.4% | |
| Recurring variable revenue | $622M+7.4% | $579M+14.9% | $504M+31.3% | $384M— | |
| Sales usage-based royalties | $443M+12.4% | $394M+13.5% | $347M+21.3% | $286M+28.3% | |
| Subscription | $7.87B+7.1% | $7.35B+5.5% | $6.96B+12.2% | $6.2B+90.5% | |
| Revenue by Geography | |||||
| Asia | $1.64B+9.9% | $1.49B+8.5% | $1.38B+10.4% | $1.25B+42.4% | |
| Europe | $3.53B+8.4% | $3.26B+15.5% | $2.82B+8.6% | $2.6B+30.3% | |
| Rest Of World | $843M+2.9% | $819M+7.9% | $759M+11.0% | $684M+63.6% | |
| UNITED STATES | $9.32B+7.9% | $8.64B+14.5% | $7.54B+13.4% | $6.65B+32.8% |
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.
