S&P Global Inc. is a premier financial information and analytics corporation that provides essential intelligence to capital and commodity markets worldwide. The company operates through several core segments: S&P Global Ratings, which provides independent credit ratings, research, and analytics; S&P Global Market Intelligence, offering multi-asset class data, research, and workflow solutions to institutional investors and corporations; S&P Dow Jones Indices, a leading resource for index-based concepts and benchmarks including the iconic S&P 500 and Dow Jones Industrial Average; S&P Global Commodity Insights (formerly Platts), providing benchmark prices and analytics for energy and commodities markets; and S&P Global Mobility, which offers insights into the automotive value chain following the 2022 merger with IHS Markit. The company's business model is highly recurring and scalable, driven by subscriptions, asset-linked fees, and issuer-paid rating fees. Geographically, S&P Global operates worldwide, serving a diverse client base of asset managers, investment banks, commercial banks, insurance companies, exchanges, and corporations. Its competitive position is fortified by high barriers to entry, proprietary data assets, and the entrenched nature of its benchmarks and ratings in global financial regulations and investment mandates.
