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+14.2% | $1.85B+13.8% | $1.79B+15.1% | $1.74B+16.8% | $1.69B+16.2% | |
| Market Intelligence | $5.01B+6.6% | $4.92B+5.8% | $4.84B+5.5% | $4.76B+5.3% | $4.7B+5.7% | |
| Mobility | $1.78B+8.4% | $1.75B+8.6% | $1.71B+8.8% | $1.68B+8.9% | $1.64B+8.7% | |
| Ratings | $4.88B+9.4% | $4.72B+8.1% | $4.6B+11.0% | $4.47B+16.0% | $4.46B+24.8% | |
| Revenue by Product | ||||||
| Asset-linked fees | $1.26B+15.5% | $1.21B+15.5% | $1.17B+19.6% | $1.13B+21.8% | $1.09B+21.8% | |
| Non-subscription / Transaction | $3.27B+7.6% | $3.15B+5.3% | $3.09B+10.3% | $3.01B+18.5% | $3.04B+32.9% | |
| Non-transaction | $2.11B+10.9% | $2.05B+10.6% | $2B+9.8% | $1.94B+7.9% | $1.9B+7.9% | |
| Recurring variable revenue | $641M+9.0% | $622M+7.4% | $615M+11.0% | $599M+11.5% | $588M+13.1% | |
| Sales usage-based royalties | $466M+15.1% | $443M+12.4% | $425M+9.5% | $419M+12.3% | $405M+11.9% | |
| Subscription | $7.98B+6.9% | $7.87B+7.1% | $7.72B+6.7% | $7.6B+7.0% | $7.47B+6.6% | |
| Revenue by Geography | ||||||
| Asia | $1.69B+11.1% | $1.64B+9.9% | $1.6B+9.3% | $1.56B+9.7% | $1.52B+8.9% | |
| Europe | $3.58B+7.4% | $3.53B+8.4% | $3.45B+10.4% | $3.36B+11.6% | $3.33B+15.4% | |
| Rest Of World | $860M+5.7% | $843M+2.9% | $831M+3.1% | $829M+4.8% | $814M+4.1% | |
| UNITED STATES | $9.61B+8.8% | $9.32B+7.9% | $9.14B+9.1% | $8.95B+11.1% | $8.83B+13.7% |
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.
