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Global Revenue: U.S. and Ex-U.S. | Revenue by Division

U.S. GAAP

Global Revenue by U.S. and Ex-U.S.*

Global Revenue: U.S. and Ex-U.S. (1, 3)

(dollars in millions)

60%
40%
60%
40%
59%
41%
61%
39%
60%
40%
'17
'18
'19
'20
'21
U.S.
$3,658
$3,750
$3,976
$4,504
$5,012
Ex-U.S.
2,405
2,508
2,723
2,938
3,285
Total
$6,063
$6,258
$6,699
$7,442
$8,297

U.S. 4-year CAGR: 8%
Ex-U.S. 4-year CAGR: 8%

Global Revenue by Division (1,3)

2021:$8.3 billion U.S.Ex-U.S.

 

Ratings (1,2)

(dollars in millions)

57%
43%
56%
44%
56%
44%
59%
41%
59%
41%
'17
'18
'19
'20
'21
U.S.
$1,716
$1,619
$1,745
$2,110
$2,398
Total revenue
$2,988
$2,883
$3,106
$3,606
$4,097

Market Intelligence (1,2)

(dollars in millions)

66%
34%
64%
36%
63%
37%
64%
36%
63%
37%
'17
'18
'19
'20
'21
U.S.
$1,114
$1,180
$1,240
$1,355
$1,420
Ex-U.S.
569
653
719
751
827
Total revenue
$1,683
$1,833
$1,959
$2,106
$2,247

Platts (1)

(dollars in millions)

37%
63%
35%
65%
33%
67%
32%
68%
33%
67%
'17
'18
'19
'20
'21
U.S.
$284
$283
$281
$283
$310
Ex U.S.
490
532
563
595
640
Total revenue
$774
$815
$844
$878
$950

Indices (1)

(dollars in millions)

83%
17%
86%
14%
84%
16%
84%
16%
83%
17%
'17
'18
'19
'20
'21
U.S.
$601
$719
$772
$826
$959
Ex-U.S.
127
118
146
163
190
Total revenue
$728
$837
$918
$989
$1,149

Global Revenue by Division

(dollars in millions)

2017

2018 (4)

2019

2020

2021

% of
2021
U.S.

U.S. (2)

Ratings

$1,716

$1,619

$1,745

$2,110

$2,398

48%

Market Intelligence

1,114

1,180

1,240

1,355

1,420

28%

Platts

284

283

281

283

310

6%

Indices

601

719

772

826

959

19%

Interdivision revenue elimination

(57)

(66)

(62)

(70)

(75)

(1)%

U.S. revenue (3)

$3,658

$3,735

$3,976

$4,504

$5,012

% of
2021
Ex-U.S.

Ex-U.S. (1, 2)

Ratings

$1,272

$1,264

$1,361

$1,496

$1,699

52%

Market Intelligence

569

653

719

751

827

25%

Platts

490

532

563

595

640

19%

Indices

127

118

146

163

190

6%

Interdivision revenue elimination

(53)

(59)

(66)

(67)

(71)

(2)%

Ex-U.S. revenue (3)

$2,405

$2,508

$2,723

$2,938

$3,285

Total revenue (3)

$6,063

$6,258

$6,699

$7,442

$8,297

2017

2018 (4)

2019

2020

2021

% of
2021
U.S.

U.S. (2)

Ratings

$1,716

$1,619

$1,745

$2,110

$2,398

48%

Market Intelligence

1,114

1,180

1,240

1,355

1,420

28%

Platts

284

283

281

283

310

6%

Indices

601

719

772

826

959

19%

Interdivision revenue elimination

(57)

(66)

(62)

(70)

(75)

(1)%

U.S. revenue (3)

$3,658

$3,735

$3,976

$4,504

$5,012

% of
2021
Ex-U.S.

Ex-U.S. (1, 2)

Ratings

$1,272

$1,264

$1,361

$1,496

$1,699

52%

Market Intelligence

569

653

719

751

827

25%

Platts

490

532

563

595

640

19%

Indices

127

118

146

163

190

6%

Interdivision revenue elimination

(53)

(59)

(66)

(67)

(71)

(2)%

Ex-U.S. revenue (3)

$2,405

$2,508

$2,723

$2,938

$3,285

Total revenue (3)

$6,063

$6,258

$6,699

$7,442

$8,297

Number of Employees

2017

2018

2019

2020

2021

U.S.

5,200

5,400

5,500

5,550

5,300

Ex-U.S.

15,200

15,800

17,000

17,450

17,550

Total employees

20,400

21,200

22,500

23,000

22,850

2017

2018

2019

2020

2021

U.S.

5,200

5,400

5,500

5,550

5,300

Ex-U.S.

15,200

15,800

17,000

17,450

17,550

Total employees

20,400

21,200

22,500

23,000

22,850

Notes:
(1)

Ex-U.S. revenue includes international sales by U.S. operations

(2)

Individual division results do not include adjustment for interdivision revenue elimination

(3)

Total Company revenue includes interdivision revenue elimination

(4)

Total revenue includes Corporate revenue of $15 million related to the acquisition of Kensho in April 2018

Details may not sum to total due to rounding

*

SPGI: Refer to the SPGI footnotes on page 4 for further details on the Company’s divisions