56-57
2019 Financial Highlights and Revenue Snapshots

The 2020 Investor Fact Book reflects:

Revenue from Kensho contract obligations in Market Intelligence’s results, starting in 1Q 2019: Beginning in the first quarter of 2019, the contract obligations for revenue from Kensho Technologies Inc.’s (“Kensho”) major customers were transferred from Corporate to Market Intelligence for fulfillment. In 2018, this revenue was reported in Corporate revenue. Effective January 1, 2019, revenue from these contracts is reflected in Market Intelligence’s results.

Technology-related expenses allocated to each reportable segment for 2018 and 2019: In the first quarter of 2020, the Company changed its methodology for allocating its centrally managed technology-related expenses to its reportable segments to more accurately reflect each segment’s respective usage. Results recast for 2018 and 2019; prior years not restated. As a result, percent increases/decreases from 2017 to 2018 are not calculated.

Adjusted Financial Performance Measures

2019 Financial Highlights and Revenue Snapshots

Ratings(1)

Market(1, 4)

Intelligence

Platts(5)

Indices

S&P Global

Revenue 
Increased by 8% to$3.11 billionIncreased
by 7%
to
$1.96 billion
Increased
by 4%
to
$844 million
Increased
by 10%
to
$918 million
Increased
by 7% to
$6.70 billion
Organic Revenue
Increased by 8% to$3.10 billionIncreased
by 7%
to
$1.94 billion
Increased
by 4%
to
$838 million
Increased
by 10%
to
$918 million
Increased
by 7% to
$6.67 billion
Operating Profit
Increased
by 15% 
to
$1.78 billion
Increased
by 13%
to
$566 million
Increased
by 14%
to
$457 million
Increased
by 12%
to
$632 million(6)
Increased
by 16% to
$3.23 billion
Adjusted Operating Profit
Increased
by 10% 
to
$1.80 billion(3)
Increased
by 8%
to
$629 million
Increased
by 6%
to
$443 million
Increased
by 12%
to
$637 million(6)
Increased
by 10% to
$3.36 billion
Adjusted Operating Profit Margin
Increased
by 100 bps 
to
57.8%(3)
Increased
by 40 bps 
to
32.1%
Increased
by 100 bps 
to
52.4%
Increased
by 120 bps 
to
69.5%(6)
Increased
by 140 bps to
50.2%

Revenue Snapshots U.S. GAAP

4
Segments with Revenue Growth

S&P Global’s revenue increased by 7% year-over-year. The increase was driven by revenue growth at all four of the Company’s reportable segments. Ratings revenue was up 8%, Market Intelligence revenue grew 7%, Platts revenue rose 4%, and Indices revenue increased by 10%.

Revenue by Division (1, 7)

(dollars in millions)

2019: $6,699

See pages 58 to 62 for Division Revenue

60%
Revenue From Nonfinancial Corporates

In addition to financial institutions, S&P Global serves numerous industries, including utilities, technology, and integrated oil and gas as well as governments. Nonfinancial corporates in industrial categories represent almost 60% of S&P Global’s 2019 revenue.

2019 Revenue by Industry Sector *

100%755025Total Company

See page 63 for Industry Sector Revenue

* Estimates based on a combination of revenue and annual contract value by sector

41%
Ex-U.S. Revenue

S&P Global has approximately
23,000 employees in 35 countries and nearly 70 global offices. 41%
of the Company’s revenues in 2019 came from international operations. U.S. revenue increased by 5% year-over-year while total Ex-U.S. revenue increased by 10%.

Revenue by Region (7)

(dollars in millions)

2019: $6,699

See pages 63 to 65 for Global Revenue

73%
Revenue Is Ongoing in Nature

73% of S&P Global’s 2019 revenue was tied to subscription revenue, non-transaction revenue, and asset-linked fees that are ongoing in nature. Asset-linked fee revenue increased by 15% year-over-year while subscription revenue increased by 6%.

Revenue by Type (7)

(dollars in millions)

2019: $6,699

See page 66 for Revenue by Type

Notes:

See Appendix (pages 73-78) for non-GAAP adjustments, deal-related amortization, and a reconciliation of adjusted information to U.S. GAAP