Products & Services · Revenue

Non Subscription Transaction — Revenue

S&P Global Non Subscription Transaction — Revenue increased by 9.0% to $812.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.5%, from $735.00M to $812.00M. Over 3 years (FY 2021 to FY 2024), Non Subscription Transaction — Revenue shows an upward trend with a 8.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ3 2025
Rolls up toTotal Revenue

How to read this metric

An increase suggests high market activity and strong demand for credit ratings or transaction-based services, while a decrease indicates a slowdown in capital market issuance or reduced deal flow.

Detailed definition

This metric represents revenue generated from non-recurring, event-driven activities such as credit rating issuances, tr...

Peer comparison

Comparable to transaction-based revenue or issuance-related fees at other financial data providers, credit rating agencies, or investment banking service firms.

Metric ID: spgi_segment_non_subscription_transaction_revenue

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$633.00M$566.00M$528.00M$512.00M$492.00M$388.00M$415.00M$598.00M$525.00M$477.00M$493.00M$794.00M$777.00M$735.00M$680.00M$850.00M$745.00M$812.00M
QoQ Change-10.6%-6.7%-3.0%-3.9%-21.1%+7.0%+44.1%-12.2%-9.1%+3.4%+61.1%-2.1%-5.4%-7.5%+25.0%-12.4%+9.0%
YoY Change-22.3%-31.4%-21.4%+16.8%+6.7%+22.9%+18.8%+32.8%+48.0%+54.1%+37.9%+7.1%-4.1%+10.5%
Range$388.00M$850.00M
CAGR+6.0%
Avg YoY Growth+12.6%
Median YoY Growth+13.6%

Frequently Asked Questions

What is S&P Global's non subscription transaction — revenue?
S&P Global (SPGI) reported non subscription transaction — revenue of $812.00M in Q3 2025.
How has S&P Global's non subscription transaction — revenue changed year-over-year?
S&P Global's non subscription transaction — revenue increased by 10.5% year-over-year, from $735.00M to $812.00M.
What is the long-term trend for S&P Global's non subscription transaction — revenue?
Over 3 years (2021 to 2024), S&P Global's non subscription transaction — revenue has grown at a 8.7% compound annual growth rate (CAGR), from $2.32B to $2.99B.
What does non subscription transaction — revenue mean?
Revenue earned from one-time transactions and event-based services rather than recurring subscriptions.

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