United States was S&P Global’s largest region in fiscal 2025, bringing in $9.32B of $15.34B (61%).
| Geography | FY 2009 | FY 2010 | FY 2012 | FY 2013 | FY 2014 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $6.65B | $7.54B | $8.64B | $9.32B | |||||||||||
| United States Retirement Plans | — | — | — | — | |||||||||||
| Segment, Geographical, Groups Of Countries, Group One | — | — | — | — | |||||||||||
| Revenue | — | — | — | — | |||||||||||
| Europe | $2.60B | $2.82B | $3.26B | $3.53B | |||||||||||
| Asia | $1.25B | $1.38B | $1.49B | $1.64B | |||||||||||
| Rest Of World | $685.00M | $758.00M | $821.00M | $843.00M | |||||||||||
| Total | $11.18B | $12.50B | $14.21B | $15.34B |
S&P Global brought in $15.34B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 7.9% from $14.21B in fiscal 2024. United States was the largest at $9.32B (60.8%), ahead of Europe at $3.53B (23.0%) and Asia at $1.64B (10.7%). The remaining region, Rest Of World, brought in $843.00M.
Compared with fiscal 2024, Asia grew fastest, up 10.0% to $1.64B. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $11.18B to $15.34B, a compound annual growth rate of 11.1%. United States' share of the total rose from 59.5% to 60.8%.
Services Transferred Over Time was S&P Global’s largest revenue line in fiscal 2025, bringing in $4.73B of $7.20B (66%).
| Timing of Transfer of Good or Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Services Transferred Over Time | $3.48B | $4.19B | $4.46B | $4.73B | ||||||
| Transferred Over Time | — | — | — | — | ||||||
| Services Transferred At A Point In Time | $1.24B | $1.43B | $2.33B | $2.47B | ||||||
| Transferred At Point In Time | — | — | — | — | ||||||
| Total | $4.72B | $5.61B | $6.79B | $7.20B |
S&P Global brought in $7.20B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $15.34B it reports by geography, so these revenue lines do not cover all of its revenue. Services Transferred Over Time was the largest at $4.73B (65.7%), ahead of Services Transferred At A Point In Time at $2.47B (34.3%).
Compared with fiscal 2024, Services Transferred At A Point In Time grew 6.2% to $2.47B and Services Transferred Over Time grew 6.0% to $4.73B.
Non-Subscription / Transaction was S&P Global’s largest product and service line in fiscal 2021, bringing in $2.31B of $7.01B (33%).
| Product and Service | FY 2021 |
|---|---|
| Non-Subscription / Transaction | $2.31B |
| Subscription | $2.13B |
| Non-Transaction | $1.55B |
| Asset-Linked Fees | $800.00M |
| Sales Usage-Based Royalties | $224.00M |
| Total | $7.01B |
S&P Global brought in $7.01B from its five product and service lines in fiscal 2021, the year ended December 31, 2021. Non-Subscription / Transaction was the largest at $2.31B (32.9%), ahead of Subscription at $2.13B (30.4%) and Non-Transaction at $1.55B (22.1%). The other two lines brought in $1.02B combined.
S&P Global (SPGI) reports its revenue by geography, by timing of transfer of good or service and by product and service. In fiscal 2025, United States was its largest region, bringing in $9.32B (60.8% of the total), followed by Europe at $3.53B (23.0%).
United States was S&P Global's largest region in fiscal 2025, bringing in $9.32B, or 60.8% of the $15.34B total across its four regions.
Services Transferred Over Time was S&P Global's largest revenue line in fiscal 2025, bringing in $4.73B, or 65.7% of the $7.20B total across its two revenue lines.
Non-Subscription / Transaction was S&P Global's largest product and service line in fiscal 2021, bringing in $2.31B, or 32.9% of the $7.01B total across its five product and service lines.
Among S&P Global's regions that make up at least 2% of revenue, Asia grew fastest in fiscal 2025, up 10.0% from $1.49B to $1.64B.
Every figure comes from S&P Global's annual financial filings, as reported. Each line keeps the name S&P Global gives it, and years follow its fiscal calendar.
S&P Global's revenue by geography goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.