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S&P Global Market Intelligence

spglobal.com/marketintelligence

Data. Research. Analytics.

S&P Global Market Intelligence is a leading provider of actionable intelligence on the global financial markets and the companies and industries that make up those markets.  

By integrating world news, comprehensive market and asset-level data, and industry insights with powerful analytics, S&P Global Market Intelligence’s analytical solutions and data services help users understand market dynamics, identify investment opportunities, assess risk, perform valuations, and track performance.

Quality data from our S&P Global, S&P Capital IQ, SNL, Trucost, Panjiva, and Compustat collections includes expansive global coverage, deep sector-specific metrics, ESG, and supply chain intelligence. Key capabilities include the S&P Capital IQ platforms, credit assessment tools, and enterprise data distribution through a range of delivery options, including data feeds, API, and cloud.

The S&P Global Market Intelligence division was formed by the integration of S&P Capital IQ and SNL Financial LC, which was acquired in September 2015. 

 

Our Focus Forward

Leverage strong content heritage to expand core franchise

Streamline and enrich the customer experience across all delivery platforms

Harness new data sources and technology to extend into new geographies and growth areas such as supply chain

How S&P Global Market Intelligence
Generates Revenue

  • Desktop:
    S&P Capital IQ Pro and S&P Capital IQ platforms, sector-focused news, and third-party research
    (subscription and non-subscription revenue)
  • Credit Risk Solutions:
    RatingsDirect®, RatingsXpress®, and Credit Analytics and Scorecards
    (subscription and non-subscription revenue)
  • Data Management Solutions:
    Xpressfeed™, CUSIP®, GICS®, and cross-reference data
    (subscription and non-subscription revenue)

Revenue by Type

(dollars in millions)

97%
2%
1%
97%
3%
0%
98%
2%
%
'19
'20
'21
Subscription
$1,904
$2,050
$2,191
Non-Subscription
45
55
56
Asset-linked fees
10
1
–
Total revenue
$1,959
$2,106
$2,247
Download Excel

Revenue by Geography

(dollars in millions)

63%
37%
64%
36%
63%
37%
'19
'20
'21
U.S.
$1,240
$1,355
$1,420
Ex-U.S.
719
751
827
Total revenue
$1,959
$2,106
$2,247
Download Excel

Revenue Mix

(percentage of revenue)

Desktop: 50%2021

S&P Global Market Intelligence’s revenue is 98% subscription-based with renewal rates at 97%

Revenue Is Diversified Across Customer Segment

Nearly half of S&P Global Market Intelligence’s revenue is from the investment banking and investment management segments, as shown in the chart below. The private equity, commercial banks and insurance, corporations, and other professional services firm segments compose
the balance.

Organic Revenue by Customer Segment

’2021%15%12%23%7%23%’2121%15%12%22%22%7%<50%>50%

Notes:

The numbers are based on ACV percentage growth

Results are organic and exclude acquisitions and divestitures

As of 2021, divestitures include IR Solutions

Results above include Trucost

See footnotes below and on page 4

Data Feed and API Products Are Growing and Represent 20% of Revenue

The strong demand for data feeds and API products is driving strong growth in S&P Global Market Intelligence’s Data Management Solutions. This product category offers company fundamentals, cross-reference, Trucost data, alternative data, and other S&P Global content through Xpressfeed™, API, and cloud delivery. This demand is also seen in Credit Risk Solutions, with approximately half its revenue from data feeds.the balance.

Data Management Solutions Revenue

(dollars in millions)

0’19’20’21

Adjusted Operating Profit Margin Increased in 2021

S&P Global Market Intelligence’s adjusted operating profit margin increased 190 basis points in 2021. This follows 2020 which had higher investment activity associated with China, Marketplace, SME, and ESG initiatives. 

Adjusted Operating Profit Margin

’20’21’1932.1%32.4%34.3%

Note:  2018 and 2019 results reflect the recast for the allocation methodology change of technology-related expenses in 1Q 2020

S&P Global Market Intelligence is orienting its commercial model to effectively address its customers’ challenges and help them design solutions

Notes:

2020 results reflect the divestiture of Investor Relations webhosting business

2019 results reflect the acquisition of 451 Research, LLC and divestiture of Standard & Poor’s Investment Advisory Services LLC

2018 results reflect the acquisitions of RateWatch business and Panjiva, Inc.

2017 results reflect the divestitures of QuantHouse

Division revenues do not include interdivision revenue elimination