Business Segments · Goodwill
Indices — Goodwill
S&P Global Indices — Goodwill increased by 9.9% to $1.51B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.9%, from $1.37B to $1.51B.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025Feb 11, 2026
Rolls up toGoodwill
How to read this metric
High levels suggest significant past M&A activity; a sudden decrease often signals an impairment charge due to declining business performance.
Detailed definition
The carrying value of goodwill attributed to the Indices segment, representing the premium paid over the fair value of n...
Peer comparison
Reported by all companies that have grown through acquisition; peers in financial data often carry high goodwill.
Metric ID:
spgi_segment_indices_goodwillHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $376.00M | $1.40B | $1.42B | $1.37B | $1.51B |
| QoQ Change | — | +272.1% | +1.3% | -3.4% | +9.9% |
| YoY Change | — | +272.1% | +1.3% | -3.4% | +9.9% |
Range$376.00M – $1.51B
CAGR+300.3%
Avg YoY Growth+70.0%
Median YoY Growth+5.6%
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Frequently Asked Questions
- What is S&P Global's indices — goodwill?
- S&P Global (SPGI) reported indices — goodwill of $1.51B in Q4 2025.
- How has S&P Global's indices — goodwill changed year-over-year?
- S&P Global's indices — goodwill increased by 9.9% year-over-year, from $1.37B to $1.51B.
- What does indices — goodwill mean?
- The value of intangible assets like brand and market position acquired through past purchases of other businesses.