S&P GlobalSPGI

NYSE · USA · Segment 5 of 6 in the Banks, payments & capital markets value chain: Exchanges & market data

Credit ratings on the bonds companies issue are one revenue stream. The S&P 500 and Dow Jones index franchises are another. Market and commodity intelligence sold on subscription is the third. Very little of this revenue has to be won again each year.

Exchanges & market data: The exchanges, index owners and ratings agencies that run, and price, the markets.

Key metrics

Market cap

$123B

Price

$436.49

Today

+0.8%

Return YTD

−17.1%

Return 1Y

−21.5%

P/E

24.9

P/S

7.6

P/B

3.9

Data as of 2026-08-27 · updates daily after U.S. close

Theme exposure

Ratings & dataS&P 500 indexRecurring revenueCredit ratingsIndex licensingMarket data

In the value chain

Products & services

Ratings
Indices (S&P 500, Dow Jones)
Market intelligence & Commodity Insights

Competitors

Moody's
MSCI
London Stock Exchange Group

Risks

Debt-issuance cycle in ratings
Regulation of rating agencies

Supply chain

Supplies →

JPMorgan ChaseJPM Bank of AmericaBAC BlackRockBLK American ExpressAXP Charles SchwabSCHW BlackstoneBX Apollo GlobalAPO Goldman SachsGS Morgan StanleyMS

Full supply chain for SPGI →

Same segment: Exchanges & market data

CME GroupCME Intercontinental ExchangeICE Moody’sMCO NasdaqNDAQ MSCIMSCI

Compare SPGI

SPGI vs CME SPGI vs ICE SPGI vs MCO SPGI vs NDAQ SPGI vs MSCI

See where S&P Global sits in the full Banks, payments & capital markets map: every segment from upstream suppliers to end markets, with daily metrics.Open the Finance value chain →