FinEdge Labs
S

SPGI

SPGIReviewed
6 segments tracked|6 years of data|Annual (10-K)
Total Revenue
$14.2B12.1%
FY2024
Operating Segments
6
Active segments
Blended Margin
41.1%
Operating margin
Highest Margin
68.2%
Indices
Segment Shift

Indices has grown from 15.3% to 11.4% of total revenue since FY2019, with 68.2% operating margins. Meanwhile, Ratings is the fastest growing at +26.3% YoY.

Segment Revenue Over Time

Revenue Mix

Segment Breakdown — FY2024

SegmentRevenueOp. IncomeMargin% of TotalYoY
Market Intelligence$4.6B$875M18.9%32.6%+5.9%
Ratings$4.2B$2.7B64.3%29.6%+26.3%
Commodity Insights$2.1B$845M39.4%15.1%+10.1%
Indices$1.6B$1.1B68.2%11.4%+15.3%
Mobility$1.6B$312M19.4%11.3%+8.4%
Engineering Solutions$0$00.0%0.0%-100.0%

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