S&P Global revenue
S&P Global's revenue was $15.34bn in fiscal 2025, up 7.9% on the year before. Since fiscal 2009 ($5.87bn) it has grown at a compound 6.2% a year. Over the last twelve months it was $17.21bn.
Revenue history
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.9 | 3.6 | 4.0 | 4.3 | 4.7 | 5.1 | 5.3 | 5.7 | 6.1 | 6.3 | 6.7 | 7.4 | 8.3 | 11.2 | 12.5 | 14.2 | 15.3 | 17.2 |
| Growth on the year before | — | −38.0% | +8.7% | +8.0% | +10.1% | +7.4% | +5.2% | +6.5% | +7.1% | +3.2% | +7.0% | +11.1% | +11.5% | +34.8% | +11.8% | +13.7% | +7.9% | — |
| Gross profit | 3.5 | 2.4 | 2.6 | 2.8 | 3.1 | 3.4 | 3.6 | 3.9 | 4.4 | 4.4 | 4.7 | 5.3 | 6.1 | 7.4 | 8.4 | 9.8 | 10.8 | 12.2 |
| Gross margin | 60.2% | 66.9% | 64.9% | 66.4% | 66.7% | 67.3% | 67.7% | 68.7% | 72.1% | 70.6% | 70.5% | 71.9% | 73.7% | 66.4% | 66.9% | 69.3% | 70.2% | 70.9% |
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Subscription | $7.9B | 51.3% | ▲ 7.1% |
| Non Subscription Transaction | $3.1B | 20.5% | ▲ 5.3% |
| Non Transaction | $2.1B | 13.4% | ▲ 10.5% |
| Asset Linked Fees | $1.2B | 7.9% | ▲ 15.3% |
| Recurring Variable Revenue | $623M | 4.1% | ▲ 7.6% |
| Sales Usage Based Royalties | $444M | 2.9% | ▲ 13.0% |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $9.3B | 60.8% | ▲ 7.9% |
| Europe | $3.5B | 23.0% | ▲ 8.4% |
| Asia | $1.6B | 10.7% | ▲ 10.0% |
| Rest of World | $843M | 5.5% | ▲ 2.7% |
From S&P Global's 10-K filed February 11, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| S&P Global | $17.21bn | 18.2% | 11.9% |
| Intercontinental Exchange | $14.05bn | 12.1% | 13.5% |
| Nasdaq, Inc. | $9.15bn | 11.5% | 15.1% |
| Moody's Corporation | $8.18bn | 9.0% | 12.6% |
| CME Group | $6.97bn | 9.0% | 9.2% |
| Coinbase | $5.63bn | -26.6% | 26.5% |
Compare with peers
- Intercontinental Exchange revenue
- Nasdaq, Inc. revenue
- Moody's Corporation revenue
- CME Group revenue
- Coinbase revenue
Head to head: ICE vs SPGINDAQ vs SPGIMCO vs SPGI
More: Financial Exchanges & Data stocks compared, Financials sector, rankings of US companies