S&P Global Business Summary

S&P Global Inc. (NYSE: SPGI) functions as a premier provider of essential intelligence, delivering credit ratings, benchmarks, and data analytics to the global capital, commodity, and automotive markets. The company generates revenue through a diversified mix of high-margin recurring subscriptions (Market Intelligence, Commodity Insights, and Mobility), transaction-based fees tied to debt issuance (Ratings), and asset-linked fees derived from index-tracking investment products (Indices). As of March 2026, the firm operates through five primary segments: S&P Global Ratings, Market Intelligence, Commodity Insights, Mobility, and S&P Dow Jones Indices, with the Mobility division currently undergoing a planned separation into a standalone public company. S&P Global occupies a dominant market position, maintaining a near-duopoly in credit ratings alongside Moody’s Corporation and a leading share in the global indexing landscape against MSCI Inc. and the London Stock Exchange Group (LSEG). Founded originally in 1860 by Henry Varnum Poor, the modern enterprise was forged through the 1966 merger of Standard & Poor’s and McGraw-Hill. The current leadership team is led by President and CEO Martina L. Cheung, who assumed the role in late 2024 after a distinguished tenure leading the Ratings and Market Intelligence divisions; her professional background includes strategic roles at Accenture and Mitchell Madison Consulting. Supporting her is CFO Eric Aboaf, a veteran finance executive who joined in 2025 from State Street and previously served as Treasurer at Citigroup. The company’s governance is overseen by a board that recently added former PwC Global Chair Robert Moritz and former Best Buy CEO Hubert Joly in early 2026. Major institutional shareholders, such as The Vanguard Group and BlackRock, provide significant capital stability, underscoring the firm’s role as a systemic utility within the global financial ecosystem.