Business Segments · Goodwill
Market Intelligence — Goodwill
S&P Global Market Intelligence — Goodwill increased by 7.4% to $19.66B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.4%, from $18.31B to $19.66B.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ4 2016
Last reportedQ4 2025Feb 11, 2026
Rolls up toGoodwill
How to read this metric
High levels relative to total assets may indicate a history of aggressive M&A, while sudden decreases suggest impairment charges.
Detailed definition
The intangible asset representing the premium paid over the fair market value of net identifiable assets during an acqui...
Peer comparison
Standard balance sheet item; peers with high M&A activity will show significant goodwill balances.
Metric ID:
spgi_segment_market_intelligence_goodwillHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $1.81B | $18.11B | $18.18B | $18.31B | $19.66B |
| QoQ Change | — | +901.7% | +0.4% | +0.7% | +7.4% |
| YoY Change | — | +901.7% | +0.4% | +0.7% | +7.4% |
Range$1.81B – $19.66B
CAGR+987.5%
Avg YoY Growth+227.5%
Median YoY Growth+4.0%
Current Streak4+ quarters growth
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Frequently Asked Questions
- What is S&P Global's market intelligence — goodwill?
- S&P Global (SPGI) reported market intelligence — goodwill of $19.66B in Q4 2025.
- How has S&P Global's market intelligence — goodwill changed year-over-year?
- S&P Global's market intelligence — goodwill increased by 7.4% year-over-year, from $18.31B to $19.66B.
- What does market intelligence — goodwill mean?
- The value of intangible assets like brand and customer base acquired through business purchases.