S&P Global Inc. (SPGI) Revenue by Segment

S&P Global revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), S&P Global's largest business segment was Ratings, with $1.29 billion or 31% of revenue, up 17.0% from a year earlier. Next: Market Intelligence (31%), Energy (14%) and Indices (13%).

By product or service, Subscription brought in 50%, Non-Subscription / Transaction brought in 22% and Non-Transaction brought in 13% of revenue in Q2 fiscal 2026.

By region, United States brought in 61%, Europe brought in 23% and Asia brought in 11% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Indices (+19.9%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

S&P Global Inc.

SPGITechnology

United States

Technology

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

RatingsMarket IntelligenceIndicesCommodity InsightsMobilityPlattsEnergyEngineering SolutionsOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Ratings	USD 1.29B	31.2%	+17.0%
Market Intelligence	USD 1.29B	31.0%	+5.9%
Energy	USD 568.00M	13.7%	+2.3%
Indices	USD 531.00M	12.8%	+19.9%
Mobility	USD 468.00M	11.3%	+6.8%

Sum of items USD 4.15B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Ratings	1.3B	1.3B	–	1.2B	1.1B	1.1B	–	1.1B	1.1B	1.0B	–	819.0M	851.0M	824.0M	–	681.0M	796.0M	868.0M	990.0M	1.0B	1.1B	1.0B	881.0M	894.0M	1.0B	825.0M	820.0M	789.0M	801.0M	696.0M	660.0M	700.0M	775.0M	748.0M	–	739.0M
Market Intelligence	1.3B	1.3B	–	1.2B	1.2B	1.2B	–	1.2B	1.2B	1.1B	–	1.1B	1.1B	1.1B	–	1.0B	1.0B	727.0M	583.0M	554.0M	539.0M	524.0M	541.0M	530.0M	516.0M	519.0M	502.0M	488.0M	487.0M	482.0M	479.0M	466.0M	449.0M	439.0M	–	422.0M
Indices	531.0M	516.0M	–	459.0M	443.0M	442.0M	–	413.0M	386.0M	385.0M	–	354.0M	348.0M	341.0M	–	334.0M	339.0M	322.0M	303.0M	298.0M	278.0M	270.0M	256.0M	234.0M	240.0M	259.0M	234.0M	232.0M	235.0M	217.0M	215.0M	203.0M	207.0M	212.0M	–	187.0M
Commodity Insights	–	–	–	556.0M	–	–	–	522.0M	516.0M	559.0M	–	479.0M	462.0M	508.0M	–	432.0M	438.0M	363.0M	–	255.0M	252.0M	240.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Mobility	468.0M	454.0M	–	445.0M	438.0M	420.0M	–	412.0M	400.0M	386.0M	–	379.0M	369.0M	358.0M	–	346.0M	337.0M	115.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Platts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	250.0M	–	–	–	224.0M	222.0M	217.0M	215.0M	212.0M	212.0M	213.0M	207.0M	210.0M	204.0M	205.0M	196.0M	–	193.0M
Energy	568.0M	652.0M	–	–	555.0M	612.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Engineering Solutions	–	–	–	–	–	–	–	–	–	–	–	–	33.0M	100.0M	–	95.0M	96.0M	33.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Corporate and other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.0M	5.0M	–	–	–

S&P Global revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Ratings	$1.3B	$1.3B	$1.2B	$1.1B	31%
Market Intelligence	$1.3B	$1.3B	$1.2B	$1.2B	31%
Energy	$568.0M	$652.0M	–	$555.0M	14%
Indices	$531.0M	$516.0M	$459.0M	$443.0M	13%
Mobility	$468.0M	$454.0M	$445.0M	$438.0M	11%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

S&P Global revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Subscription	$2.1B	$2.0B	$2.0B	$2.0B	50%
Non-Subscription / Transaction	$895.0M	$978.0M	$812.0M	$745.0M	22%
Non-Transaction	$540.0M	$538.0M	$521.0M	$502.0M	13%
Asset-Linked Fees	$348.0M	$339.0M	$303.0M	$286.0M	8%
Recurring Variable Revenue	$173.0M	$169.0M	$158.0M	$158.0M	4%
Sales Usage-Based Royalties	$126.0M	$133.0M	$108.0M	$110.0M	3%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

S&P Global revenue by region, last 4 quarters

Region	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
United States	$2.5B	$2.6B	$2.4B	$2.3B	61%
Europe	$952.0M	$895.0M	$885.0M	$863.0M	23%
Asia	$440.0M	$430.0M	$430.0M	$408.0M	11%
Rest of World	$224.0M	$221.0M	$211.0M	$215.0M	5%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are S&P Global's business segments?

Ratings, Market Intelligence, Energy, Indices and Mobility (as reported for Q2 fiscal 2026).

Which business segment makes the most money for S&P Global?

Ratings: $1.29 billion, or 31% of revenue, in Q2 fiscal 2026.

What are S&P Global's main products and services?

By revenue in Q2 fiscal 2026: Subscription (50%), Non-Subscription / Transaction (22%), Non-Transaction (13%) and Asset-Linked Fees (8%).

Where does S&P Global make its money?

By region in Q2 fiscal 2026: United States (61%), Europe (23%), Asia (11%) and Rest of World (5%).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

RatingsMarket IntelligenceIndicesCommodity InsightsMobilityPlattsEnergyEngineering SolutionsOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Ratings	USD 1.29B	31.2%	+17.0%
Market Intelligence	USD 1.29B	31.0%	+5.9%
Energy	USD 568.00M	13.7%	+2.3%
Indices	USD 531.00M	12.8%	+19.9%
Mobility	USD 468.00M	11.3%	+6.8%

Sum of items USD 4.15B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Ratings	1.3B	1.3B	–	1.2B	1.1B	1.1B	–	1.1B	1.1B	1.0B	–	819.0M	851.0M	824.0M	–	681.0M	796.0M	868.0M	990.0M	1.0B	1.1B	1.0B	881.0M	894.0M	1.0B	825.0M	820.0M	789.0M	801.0M	696.0M	660.0M	700.0M	775.0M	748.0M	–	739.0M
Market Intelligence	1.3B	1.3B	–	1.2B	1.2B	1.2B	–	1.2B	1.2B	1.1B	–	1.1B	1.1B	1.1B	–	1.0B	1.0B	727.0M	583.0M	554.0M	539.0M	524.0M	541.0M	530.0M	516.0M	519.0M	502.0M	488.0M	487.0M	482.0M	479.0M	466.0M	449.0M	439.0M	–	422.0M
Indices	531.0M	516.0M	–	459.0M	443.0M	442.0M	–	413.0M	386.0M	385.0M	–	354.0M	348.0M	341.0M	–	334.0M	339.0M	322.0M	303.0M	298.0M	278.0M	270.0M	256.0M	234.0M	240.0M	259.0M	234.0M	232.0M	235.0M	217.0M	215.0M	203.0M	207.0M	212.0M	–	187.0M
Commodity Insights	–	–	–	556.0M	–	–	–	522.0M	516.0M	559.0M	–	479.0M	462.0M	508.0M	–	432.0M	438.0M	363.0M	–	255.0M	252.0M	240.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Mobility	468.0M	454.0M	–	445.0M	438.0M	420.0M	–	412.0M	400.0M	386.0M	–	379.0M	369.0M	358.0M	–	346.0M	337.0M	115.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Platts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	250.0M	–	–	–	224.0M	222.0M	217.0M	215.0M	212.0M	212.0M	213.0M	207.0M	210.0M	204.0M	205.0M	196.0M	–	193.0M
Energy	568.0M	652.0M	–	–	555.0M	612.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Engineering Solutions	–	–	–	–	–	–	–	–	–	–	–	–	33.0M	100.0M	–	95.0M	96.0M	33.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Corporate and other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.0M	5.0M	–	–	–