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SPGI
S&P Global Inc. Segment Breakdown
Market Intelligence
Ratings
Commodity Insights
Indices
Mobility
Engineering Solutions
Commodities Commercial
Standard And Poor Capital Iq
Standard And Poors Indices
Standard And Poors
Marketand Commodities Intelligence Segment
Platts Segment
Commodity Insights Segment
Commodity Insights 1
Mobility 1
Energy Segment
| Segment | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue ($M) | ||||||||||||||
| Market Intelligence | 1,124
|
1,170
+4% |
1,237
+6% |
1,405
26%+14% |
1,661
29%+18% |
1,683
28%+1% |
1,833
29%+9% |
1,959
29%+7% |
2,046
27%+4% |
2,185
26%+7% |
3,811
34%+74% |
4,376
35%+15% |
4,645
33%+6% |
4,916
32%+6% |
| Ratings | 2,034
|
2,274
+12% |
2,455
+8% |
2,428
46%-1% |
2,535
45%+4% |
2,988
49%+18% |
2,883
46%-4% |
3,106
46%+8% |
3,606
48%+16% |
4,097
49%+14% |
3,050
27%-26% |
3,332
27%+9% |
4,370
31%+31% |
4,724
31%+8% |
| Commodity Insights | 793
|
841
+6% |
893
+6% |
971
18%+9% |
925
16%-5% |
774
13%-16% |
815
13%+5% |
844
13%+4% |
938
13%+11% |
1,012
12%+8% |
1,685
15%+67% |
1,946
16%+15% |
2,142
15%+10% |
2,299
15%+7% |
| Indices | 388
|
493
+27% |
552
+12% |
597
11%+8% |
638
11%+7% |
728
12%+14% |
837
13%+15% |
918
14%+10% |
989
13%+8% |
1,149
14%+16% |
1,339
12%+17% |
1,403
11%+5% |
1,628
11%+16% |
1,850
12%+14% |
| Mobility | — | — | — | — | — | — | — | — | 0
0% |
0
0% |
1,142
10% |
1,484
12%+30% |
1,609
11%+8% |
1,747
11%+9% |
| Engineering Solutions | — | — | — | — | — | — | — | — | 0
0% |
0
0% |
323
3% |
133
1%-59% |
0
0%-100% |
0
0% |
| Commodities Commercial | 793
|
841
+6% |
893
+6% |
971
18%+9% |
— | — | — | — | — | — | — | — | — | — |
| Standard And Poor Capital Iq | 1,124
|
1,170
+4% |
1,237
+6% |
1,405
26%+14% |
— | — | — | — | — | — | — | — | — | — |
| Standard And Poors Indices | 388
|
493
+27% |
552
+12% |
597
11%+8% |
— | — | — | — | — | — | — | — | — | — |
| Standard And Poors | 2,034
|
2,274
+12% |
2,455
+8% |
2,428
46%-1% |
— | — | — | — | — | — | — | — | — | — |
| Marketand Commodities Intelligence Segment | — | — | 2,130
|
2,376
45%+12% |
2,585
46%+9% |
2,452
40%-5% |
— | — | — | — | — | — | — | — |
| Platts Segment | — | — | — | — | 925
16% |
774
13%-16% |
815
13%+5% |
844
13%+4% |
878
12%+4% |
950
11%+8% |
— | — | — | — |
| Commodity Insights Segment | — | — | — | — | — | — | — | — | 938
13% |
1,012
12%+8% |
1,685
15%+67% |
1,946
16%+15% |
2,142
15%+10% |
— |
| Commodity Insights 1 | — | — | — | — | — | — | — | — | — | — | 1,685
15% |
1,946
16%+15% |
2,142
15%+10% |
— |
| Mobility 1 | — | — | — | — | — | — | — | — | — | — | 1,142
10% |
1,484
12%+30% |
1,609
11%+8% |
1,747
11%+9% |
| Energy Segment | — | — | — | — | — | — | — | — | — | — | — | 1,946
16% |
2,142
15%+10% |
2,299
15%+7% |
| Total (check) | 8,678 | 9,556 | 12,404 | 13,178 | 9,269 | 9,399 | 7,183 | 7,671 | 9,395 | 10,405 | 15,862 | 19,996 | 22,429 | 19,582 |
| Operating Margin % | ||||||||||||||
| Market Intelligence | +16.3% | +16.2% | +18.4% | +16.2% | +43.9% | +27.2% | +27.3% | +28.9% | +27.8% | +30.9% | +65.3% | +16.3% | +18.8% | +20.2% |
| Ratings | +39.8% | +38.8% | -23.7% | +44.4% | +49.5% | +50.8% | +53.9% | +57.4% | +61.6% | +64.2% | +54.8% | +55.9% | +61.9% | +63.8% |
| Commodity Insights | +27.6% | +33.3% | +32.5% | +36.8% | +117.8% | +42.1% | +49.2% | +54.1% | — | — | — | — | — | — |
| Indices | +52.1% | +54.0% | +62.9% | +65.7% | +64.7% | +65.7% | +67.6% | +68.8% | +67.3% | +69.5% | +69.2% | +65.9% | +67.8% | +68.7% |
| Mobility | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Engineering Solutions | — | — | — | — | — | — | — | — | — | — | +4.6% | +14.3% | — | — |
| Commodities Commercial | +27.6% | +33.3% | +32.5% | +36.8% | — | — | — | — | — | — | — | — | — | — |
| Standard And Poor Capital Iq | +16.3% | +16.2% | +18.4% | +16.2% | — | — | — | — | — | — | — | — | — | — |
| Standard And Poors Indices | +52.1% | +54.0% | +62.9% | +65.7% | — | — | — | — | — | — | — | — | — | — |
| Standard And Poors | +39.8% | +38.8% | -23.7% | +44.4% | — | — | — | — | — | — | — | — | — | — |
| Marketand Commodities Intelligence Segment | — | — | +24.3% | +24.6% | +70.5% | +32.3% | — | — | — | — | — | — | — | — |
| Platts Segment | — | — | — | — | +117.8% | +42.1% | +49.2% | +54.1% | +52.2% | +54.4% | — | — | — | — |
| Commodity Insights Segment | — | — | — | — | — | — | — | — | +51.0% | +53.8% | — | — | — | — |
| Commodity Insights 1 | — | — | — | — | — | — | — | — | — | — | +35.1% | +36.2% | +39.4% | — |
| Mobility 1 | — | — | — | — | — | — | — | — | — | — | +18.7% | +17.5% | +19.4% | +21.6% |
| Energy Segment | — | — | — | — | — | — | — | — | — | — | — | +36.2% | +39.4% | +41.0% |
Source: SEC EDGAR XBRL instance documents (SPGI 10-K filings).
Revenue and operating income per segment as tagged by the company under
us-gaap:StatementBusinessSegmentsAxis.