S&P Global(SPGI)

Leader

S&P Global (SPGI) reported $14.2B revenue in FY2024, up 14% YoY. Leading financial data and ratings company. S&P 500 index, credit ratings, market intelligence. HQ: New York, NY.

Updated March 2026

Company Overview

About S&P Global

S&P Global Inc. is a leading provider of financial intelligence, credit ratings, data, research, and benchmarks, headquartered in New York City. Formed through the 2022 merger of S&P Global and IHS Markit, the combined company reported revenues of $14.2B in FY2024, up 14% year-over-year, with a market capitalization of approximately $160B. S&P Global is one of the few companies considered truly irreplaceable in the global financial system — it maintains the S&P 500 index, assigns credit ratings to sovereign and corporate debt globally, and provides the data infrastructure that powers financial markets.

Business Model & Competitive Advantage

S&P Global operates through six divisions: Ratings (~30% of revenue — assigning credit ratings to bonds and issuers), Market Intelligence (~25% — financial data, analytics, Platts commodity data), Commodity Insights (~15% — energy and commodities pricing data), Indices (~12% — S&P 500, Dow Jones indices licensing), Mobility (~10% — VIN data, automotive information), and Engineering Solutions (~8% — technical standards, engineering data from IHS Markit). The Ratings division enjoys particularly high barriers to entry — global bond markets require S&P, Moody's, or Fitch ratings for debt issuance, creating structural demand.

Competitive Landscape 2025–2026

S&P Global trades on NYSE (SPGI) with a market cap of approximately $160B. CEO Doug Peterson has focused on integrating IHS Markit (acquired for $44B in 2022), extracting synergies, and expanding AI capabilities. S&P Global is aggressively embedding AI across its data products under the "S&P Global Kensho" brand, which applies NLP and ML to financial documents, news, and datasets.

Revenue
$14200M
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Key Differentiators

Market Leader

S&P Global is recognized as a market leader in the Consumer Finance sector, demonstrating strong industry presence and customer trust.

Enterprise Scale

With $14200M in revenue, S&P Global operates at enterprise scale with proven market validation.

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