S&P Global Inc. revenue by segment SPGI

Annual Quarterly

S&P Global Inc. splits its revenue into 6 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Subscription at $7.9 billion, 51% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016	FY 2015 Dec 31, 2015
Revenue	16,293	15,336	12,497	11,181	8,297	7,442	6,699	6,258	6,063	5,661	5,313
Subscription	8,133 +22.2% share 49.9%	7,865 share 51.3%	6,963 +12.3% share 55.7%	6,201 +90.5% share 55.5%	3,255 +7.2% share 39.2%	3,036 +6.8% share 40.8%	2,843 +6.0% share 42.4%	2,682 +9.3% share 42.9%	2,454 share 40.5%	—	—
Non Subscription Transaction	3,431 +20.5% share 21.1%	3,144 share 20.5%	2,093 +15.8% share 16.7%	1,807 -22.1% share 16.2%	2,320 +14.2% share 28.0%	2,031 +25.0% share 27.3%	1,625 +16.0% share 24.3%	1,401 -11.0% share 22.4%	1,574 share 26.0%	—	—
Non Transaction	2,167 +8.5% share 13.3%	2,054 share 13.4%	1,730 +5.5% share 13.8%	1,640 -3.4% share 14.7%	1,698 +13.2% share 20.5%	1,500 +6.5% share 20.2%	1,408 +0.0% share 21.0%	1,408 +3.3% share 22.5%	1,363 share 22.5%	—	—
Asset Linked Fees	1,392 +19.4% share 8.5%	1,206 share 7.9%	859 -0.3% share 6.9%	862 +7.8% share 7.7%	800 +23.5% share 9.6%	648 +4.0% share 8.7%	623 +14.9% share 9.3%	542 +12.0% share 8.7%	484 share 8.0%	—	—
Recurring Variable Revenue	674 +9.4% share 4.1%	623 share 4.1%	504 +30.9% share 4.0%	385 share 3.4%	—	—	—	—	—	—	—
Sales Usage Based Royalties	496 +16.4% share 3.0%	444 share 2.9%	348 +21.7% share 2.8%	286 +27.7% share 2.6%	224 -1.3% share 2.7%	227 +13.5% share 3.1%	200 -11.1% share 3.0%	225 +19.7% share 3.6%	188 share 3.1%	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Services-Consumer Credit Reporting, Collection Agencies (SIC 7320)
Listed as: SPGI (NYSE)
Fiscal year ends: December 31
Incorporated in: NY
Headquarters: New York, NY
SEC filer status: Large accelerated filer
SEC CIK: 64040
Former names: MCGRAW HILL FINANCIAL INC (until May 3, 2016); MCGRAW-HILL COMPANIES INC (until Apr 30, 2013); MCGRAW HILL INC (until Feb 24, 1995)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.