Skip to content
Screener

S&P Global SPGI Non-transaction — Revenue

Other product segments

Subscription
$2.06B+5.6%
Non-subscription / Transaction
$895M+20.1%
Asset-linked fees
$348M+21.7%
Recurring variable revenue
$173M+9.5%
Sales usage-based royalties
$126M+14.5%

Similar metrics at other companies

Bakkt logo
BKKTTransaction revenue — Revenue
$243.4M-77.2%
Maplebear Inc. logo
CARTTransaction — Revenue
$746M+13.2%
Research Solutions logo
RSSSTransactions — Revenue
$6.96M-11.0%
Coinbase Global, Inc. logo
COINOther transaction revenue — Revenue
$53.2M-21.6%
National CineMedia logo
NCMIBarter Transaction Revenue — Revenue
$850K+580%
Clarivate logo
CLVTTransactional and other revenues — Revenue
$74.7M-30.1%

Other financials

Income statement

See full
Revenue$4.1B+10.4%
Gross profit$3.0B+13.1%
Operating income$1.8B+16.8%
Net income$1.2B+13.5%
EPS (diluted)$4.12+17.7%

Balance sheet

See full
Cash & equivalents$4.1B+124%
Total debt$15.7B+31.1%
Total equity$31.5B-5.7%
Total assets$62.9B+4.2%

Cash flow

See full
Operating cash flow$1.4B-0.4%
CapEx$38.0M-37.7%
Free cash flow$1.4B+1.2%

Valuation

See full
Market cap$119.46B-30.4%
Enterprise value$131.08B-27.9%
P/E24.3×-18.5×
P/S7.4×-4.3×

Profitability

See full
Gross margin70.9%+1.2pp
Operating margin44.4%+4.5pp
Net margin30.5%+3.2pp
FCF margin34.6%-2.2pp

Returns & leverage

See full
Return on equity15.2%+3.4pp
Debt / equity0.5×+0.1×
Current ratio0.0×

Where this comes from

Reported directly by S&P Global in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: S&P Global’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:52 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000064040-26-000045
(in millions)Market Intelligence / Three Months Ended June 30, 2026Ratings / Three Months Ended June 30, 2026Energy / Three Months Ended June 30, 2026Mobility / Three Months Ended June 30, 2026Indices / Three Months Ended June 30, 2026Intersegment Elimination 1 / Three Months Ended June 30, 2026Total
Subscription$1,076$518$383$87$2,064
Non-subscription / Transaction417462385895
Non-transaction593(53)540
Asset-linked fees348348
Sales usage-based royalties2799126
Recurring variable revenue173173
Total revenue$1,290$1,339$568$468$534$(53)$4,146
Timing of revenue recognition

Item 1. Financial Statements (Unaudited)

FAQ

What is S&P Global's non-transaction — revenue?
S&P Global (SPGI) reported non-transaction — revenue of $540M in Q2 2026.
How has S&P Global's non-transaction — revenue changed year-over-year?
S&P Global's non-transaction — revenue increased by 7.6% year-over-year, from $502M to $540M.
What is the long-term trend for S&P Global's non-transaction — revenue?
Over 4 years (2021 to 2025), S&P Global's non-transaction — revenue has grown at a 4.9% compound annual growth rate (CAGR), from $1.7B to $2.05B.
What does non-transaction — revenue mean?
This metric represents recurring or subscription-based revenue streams derived from data, analytics, and software solutions that are not dependent on specific capital market issuance events. It captures the stability of the company's business model by isolating income generated from long-term contracts and platform access rather than volume-sensitive transactional activities. This revenue is critical for assessing the company's baseline financial health and its ability to maintain consistent cash flows regardless of market volatility.

Ask your AI about S&P Global's non-transaction — revenue.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude