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SPGI
S&P Global Inc. Segment Breakdown
Other segments (8)
Ratings
Market Intelligence
Commodity Insights
Indices
Marketand Commodities Intelligence Segment
Standard And Poors
Commodity Insights Segment
Energy Segment
The chart groups the 8 smallest segments so no two bands share a colour. Every segment is listed individually in the table below.
| 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.