# S&P Global **Source:** https://geo.sig.ai/brands/sp-global **Vertical:** Consumer Finance **Subcategory:** Enterprise **Tier:** Leader **Website:** sp-global.com **Last Updated:** 2026-04-14 ## Summary 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. ## Company Overview 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. 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. 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. ## Frequently Asked Questions ### What is S&P Global's annual revenue? S&P Global reported $14.2B in revenue for FY2024, up approximately 14% year-over-year, driven by strong credit ratings issuance, index licensing growth, and continued integration benefits from the IHS Markit merger. ### What does S&P Global do? S&P Global provides credit ratings (assessing borrowers' ability to repay debt), financial data and analytics, commodity price benchmarks (Platts), equity indices (S&P 500, Dow Jones), automotive VIN data, and engineering standards. ### What is S&P Global's stock ticker? S&P Global trades on NYSE under ticker SPGI. It is a component of the S&P 500. ### What is the S&P 500 index? The S&P 500 is a stock market index tracking 500 large-cap US companies maintained by S&P Global. It is the world's most widely referenced equity benchmark — trillions of dollars in investment products (ETFs, mutual funds, derivatives) are benchmarked to it. ### Who are S&P Global's main competitors? S&P Global's primary competitors include Moody's Corporation (credit ratings and financial data), Bloomberg (financial terminals and data), FactSet, MSCI (indices), and Verisk Analytics in various segments. ### What are S&P Global's six divisions and how do they generate revenue? S&P Global operates through six divisions: Ratings (assigning credit ratings to bonds, structured finance, and sovereign debt — approximately 30% of revenue earned from bond issuers paying rating fees), Market Intelligence (financial data terminals, research, and analytics — approximately 25%), Commodity Insights (Platts energy and commodities pricing benchmarks — approximately 15%), Mobility (CARFAX, vehicle history and valuation data — approximately 10%), Indices (S&P 500 and index licensing fees from ETFs and financial products — approximately 10%), and Engineering Solutions (technical standards and construction data — approximately 10%). The high-margin Ratings and Indices segments generate the majority of operating income. ### How is the S&P 500 index constructed and why does S&P Global's index business generate such high margins? The S&P 500 is constructed by the S&P 500 Index Committee, which selects US companies with market caps above $18 billion (as of 2024), positive trailing four-quarter GAAP earnings, and sufficient liquidity — it is not an automatic rules-based index. S&P Global's Indices division earns licensing fees from every ETF, mutual fund, and derivative product that tracks S&P indices — approximately $10+ trillion in assets benchmarked to the S&P 500 alone generate basis-point fees that compound into a billion-dollar high-margin revenue stream with minimal incremental cost per dollar of AUM. ### What was the IHS Markit merger and how did it expand S&P Global's addressable market? S&P Global completed its $44 billion merger with IHS Markit in February 2022, creating one of the world's largest financial information companies. IHS Markit brought complementary businesses including fixed income and derivatives pricing (iBoxx, CDS valuations), financial services data and workflow tools (formerly Markit), energy information (Platts merged with IHS Energy), and automotive market intelligence (Car Solutions). The combined company has over $14 billion in revenue and targets the $200+ billion global financial data and analytics market, with cross-sell opportunities between S&P's credit ratings customer relationships and Markit's financial services data products. ## Tags b2c, fintech, public --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*