Business Segments · Significant expenses
Indices — Significant expenses
S&P Global Indices — Significant expenses increased by 4.7% to $134.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.1%, from $124.00M to $134.00M. Over 2 years (FY 2022 to FY 2024), Indices — Significant expenses shows an upward trend with a 7.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ3 2025
How to read this metric
An increase may signal heavy investment in growth or unexpected operational challenges that could compress margins.
Detailed definition
Captures material operating costs that are distinct from standard recurring operating expenses within the Indices segmen...
Peer comparison
Similar to 'other operating expenses' or 'non-recurring costs' reported by peers in the financial data sector.
Metric ID:
spgi_segment_indices_significant_expensesHistorical Data
15 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $104.50M | $104.50M | $104.50M | $104.50M | $109.00M | $109.00M | $109.00M | $109.00M | $105.00M | $114.00M | $124.00M | $140.00M | $121.00M | $128.00M | $134.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +4.3% | +0.0% | +0.0% | +0.0% | -3.7% | +8.6% | +8.8% | +12.9% | -13.6% | +5.8% | +4.7% |
| YoY Change | — | — | — | — | +4.3% | +4.3% | +4.3% | +4.3% | -3.7% | +4.6% | +13.8% | +28.4% | +15.2% | +12.3% | +8.1% |
Range$104.50M – $140.00M
CAGR+7.4%
Avg YoY Growth+8.7%
Median YoY Growth+4.6%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is S&P Global's indices — significant expenses?
- S&P Global (SPGI) reported indices — significant expenses of $134.00M in Q3 2025.
- How has S&P Global's indices — significant expenses changed year-over-year?
- S&P Global's indices — significant expenses increased by 8.1% year-over-year, from $124.00M to $134.00M.
- What is the long-term trend for S&P Global's indices — significant expenses?
- Over 2 years (2022 to 2024), S&P Global's indices — significant expenses has grown at a 7.5% compound annual growth rate (CAGR), from $418.00M to $483.00M.
- What does indices — significant expenses mean?
- Large, non-routine costs incurred by the Indices business unit.