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Revenue breakdown by Products & Services
Revenue breakdown by Geography

S&P Global's Revenue by Segment

In fiscal year 2025, S&P Global's revenue by segment (products & services) are as follows:

  • Indices Segment: $1.85 B
  • Market Intelligence Segment: $4.92 B
  • Mobility: $1.75 B
  • Ratings Segment: $4.72 B

Learn more about S&P Global’s Revenue by Geography

Check out competitors to S&P Global in a side-by-side comparison.

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The above chart shows S&P Global's revenue percentage share by segment (products and services).

In fiscal year 2023, S&P Global's revenue by segment is as follows:

  • Commodity Insights generated $1.95 B in revenue, representing 8.88% of its total revenue.
  • Engineering Solutions generated $133.00 M in revenue, representing 0.61% of its total revenue.
  • Engineering Solutions Segment generated $133.00 M in revenue, representing 0.61% of its total revenue.
  • Indices generated $1.40 B in revenue, representing 6.4% of its total revenue.
  • Indices Segment generated $1.40 B in revenue, representing 6.4% of its total revenue.
  • Market Intelligence generated $4.38 B in revenue, representing 19.97% of its total revenue.
  • Market Intelligence Segment generated $4.38 B in revenue, representing 19.97% of its total revenue.
  • Mobility generated $1.48 B in revenue, representing 6.77% of its total revenue.
  • Ratings generated $3.33 B in revenue, representing 15.2% of its total revenue.
  • Ratings Segment generated $3.33 B in revenue, representing 15.2% of its total revenue.

The biggest segment for S&P Global is the Market Intelligence, which represents 19.97% of its total revenue.
The smallest segment for S&P Global is the Engineering Solutions, which represents 0.61% of its total revenue.

The above chart shows S&P Global's revenue percentage share by segment (products and services).

In fiscal year 2024, S&P Global's revenue by segment is as follows:

  • Asset-Linked Fees generated $1.05 B in revenue, representing 3.79% of its total revenue.
  • Commodity Insights generated $2.14 B in revenue, representing 7.75% of its total revenue.
  • Indices Segment generated $1.63 B in revenue, representing 5.89% of its total revenue.
  • Market Intelligence Segment generated $4.65 B in revenue, representing 16.81% of its total revenue.
  • Mobility generated $1.61 B in revenue, representing 5.82% of its total revenue.
  • Non-Transaction generated $4.84 B in revenue, representing 17.53% of its total revenue.
  • Ratings Segment generated $4.37 B in revenue, representing 15.82% of its total revenue.
  • Subscription generated $7.35 B in revenue, representing 26.59% of its total revenue.

The biggest segment for S&P Global is the Subscription, which represents 26.59% of its total revenue.
The smallest segment for S&P Global is the Asset-Linked Fees, which represents 3.79% of its total revenue.

The above chart shows S&P Global's revenue percentage share by segment (products and services).

In fiscal year 2025, S&P Global's revenue by segment is as follows:

  • Indices Segment generated $1.85 B in revenue, representing 13.98% of its total revenue.
  • Market Intelligence Segment generated $4.92 B in revenue, representing 37.14% of its total revenue.
  • Mobility generated $1.75 B in revenue, representing 13.2% of its total revenue.
  • Ratings Segment generated $4.72 B in revenue, representing 35.69% of its total revenue.

The biggest segment for S&P Global is the Market Intelligence Segment, which represents 37.14% of its total revenue.
The smallest segment for S&P Global is the Mobility, which represents 13.2% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2023 2024 2025
Engineering Solutions 0.61% - -
Indices 6.4% - -
Mobility 6.77% 5.82% 13.2%
Commodity Insights 8.88% 7.75% -
Ratings 15.2% - -
Market Intelligence 19.97% - -
Ratings Segment 15.2% 15.82% 35.69%
Market Intelligence Segment 19.97% 16.81% 37.14%
Engineering Solutions Segment 0.61% - -
Indices Segment 6.4% 5.89% 13.98%
Non-Transaction - 17.53% -
Subscription - 26.59% -
Asset-Linked Fees - 3.79% -
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of S&P Global.

In fiscal year 2025, the Market Intelligence Segment generated the most revenue ($4.92 B), and the Mobility generated the least revenue ($1.75 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Asset-Linked Fees revenue decreased -100% ($1.05 B) from $1.05 B (in 2024) to $0.00 (in 2025).
  • Commodity Insights revenue decreased -100% ($2.14 B) from $2.14 B (in 2024) to $0.00 (in 2025).
  • Indices Segment revenue increased 13.64% ($222.00 M) from $1.63 B (in 2024) to $1.85 B (in 2025).
  • Market Intelligence Segment revenue increased 5.83% ($271.00 M) from $4.65 B (in 2024) to $4.92 B (in 2025).
  • Mobility revenue increased 8.58% ($138.00 M) from $1.61 B (in 2024) to $1.75 B (in 2025).
  • Non-Transaction revenue decreased -100% ($4.84 B) from $4.84 B (in 2024) to $0.00 (in 2025).
  • Ratings Segment revenue increased 8.1% ($354.00 M) from $4.37 B (in 2024) to $4.72 B (in 2025).
  • Subscription revenue decreased -100% ($7.35 B) from $7.35 B (in 2024) to $0.00 (in 2025).
    • Continue reading...

    Summary Table

    Products & Services 2023
    Value Change
    		2024
    Value Change
    		2025
    Value Change
    Asset-Linked Fees - - $1.05 B - - -
    Commodity Insights $1.95 B - $2.14 B
    10.07%
    		- -
    Engineering Solutions $133.00 M - - - - -
    Engineering Solutions Segment $133.00 M - - - - -
    Indices $1.40 B - - - - -
    Indices Segment $1.40 B - $1.63 B
    16.04%
    		$1.85 B
    13.64%
    Market Intelligence $4.38 B - - - - -
    Market Intelligence Segment $4.38 B - $4.65 B
    6.15%
    		$4.92 B
    5.83%
    Mobility $1.48 B - $1.61 B
    8.42%
    		$1.75 B
    8.58%
    Non-Transaction - - $4.84 B - - -
    Ratings $3.33 B - - - - -
    Ratings Segment $3.33 B - $4.37 B
    31.15%
    		$4.72 B
    8.10%
    Subscription - - $7.35 B - - -
    Total Revenue $21.92 B - $27.63 B
    26.06%
    		$13.24 B
    52.09%

    Frequently Asked Questions

    What was S&P Global's largest product segment last year?

    In fiscal year 2025, Market Intelligence Segment revenue reached $4.92 Billion, representing 37.14% of S&P Global's total revenue and making it the largest segment for the company.

    Which product segment experienced the highest growth for S&P Global last year?

    The Indices Segment segment is S&P Global's highest growth segment, with a revenue growth of +13.64% in 2025 compared to 2024.

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