S&P Global reported $15.34 billion of 2025 revenue and $4.17 billion of Q1 2026 revenue. The thesis turns on ratings-cycle exposure, data subscriptions, index economics, regulatory trust and cash conversion.
S&P Global: the data-and-ratings toll road still has to defend trust
NYSESPGICoverage BootstrapS&P Global Inc.
Thesis summary
S&P Global reported $15.34 billion of 2025 revenue and $4.17 billion of Q1 2026 revenue. The thesis turns on ratings-cycle exposure, data subscriptions, index economics, regulatory trust and cash conversion.
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