S&P Global Market Intelligence
S&P Global Market Intelligence is the financial data and analytics division of S&P Global (NYSE: SPGI), a company founded in 1917 that reported $15.3 billion in total revenue for 2025, an 8% increase year-over-year.
Profile
S&P Global Market Intelligence sells financial data, analytics, and workflow software to help investment professionals, corporations, and governments research companies, industries, and markets.
S&P Global Market Intelligence is the financial data and analytics division of S&P Global (NYSE: SPGI), a company founded in 1917 that reported $15.3 billion in total revenue for 2025, an 8% increase year-over-year. The division provides a broad portfolio of data, research, and workflow tools to financial institutions, corporations, and governments. Its flagship product, S&P Capital IQ Pro, offers a unified platform for market data, company fundamentals, private market intelligence, and supply chain analytics.
The division also includes the Enterprise Data Organization (EDO), which manages the company's core data assets. In October 2025, S&P Global announced the acquisition of With Intelligence for $1.8 billion to accelerate growth in private markets, and the divestiture of the Enterprise Data Management (EDM) and thinkFolio businesses. In May 2026, Saugata Saha, President of Market Intelligence and Chief Enterprise Data Officer, announced his departure effective July 30, 2026.
The company simultaneously folded the Enterprise Data Organization into the Chief Technology & Transformation Office, led by Firdaus Bhathena, to unify data and technology capabilities and accelerate AI integration. The division faces ongoing integration challenges from the 2022 merger with IHS Markit and the pending spin-off of the Mobility division. S&P Global employs approximately 40,000 people globally.
Products by S&P Global Market Intelligence
Who buys this
- Investment banks and asset managers using the platform for equity research, M&A analysis, and portfolio management
- Corporations using supply chain and private market data for strategic planning and risk management
- Consulting firms and advisory practices relying on industry data and company fundamentals for client work
- Government agencies and central banks using macroeconomic and credit data for policy and oversight
- Insurance companies and other financial institutions using the data for underwriting and risk assessment
Strengths and what to watch
Strengths
- Deep, proprietary data sets covering public and private companies, supply chains, and credit markets, built over decades and integrated from the IHS Markit merger
- Strong recurring subscription revenue model: subscription products grew 6% year-over-year in Q3 2025, providing predictable cash flow
- Scale and brand trust: S&P Global's credit ratings and indices heritage gives Market Intelligence a credibility advantage with institutional buyers
Watch for
- Leadership turnover: President Saugata Saha is departing in July 2026, creating uncertainty around the division's strategic direction and the integration of the Enterprise Data Organization into the CTO office
- Divestiture and restructuring risk: the sale of EDM and thinkFolio, plus the pending spin-off of Mobility, could signal further portfolio changes that may disrupt customer relationships or internal morale
- Integration complexity from the IHS Markit merger and the $1.8 billion With Intelligence acquisition: combining multiple data platforms and cultures carries execution risk and potential customer churn
Recent moves
- 5mo ago S&P Global Announces Leadership Change for Market Intelligence, Evolution of Enterprise Data, Technology & Transformation
- 8mo ago S&P Global Reports Fourth Quarter and Full-Year 2025 Results
- 12mo ago S&P Global Reports Third Quarter 2025 Results; announces acquisition of With Intelligence for $1.8 billion and divestiture of EDM and thinkFolio
Key Information
- Industry
- Financial & Market Data
- Founded
- 1917
Frequently Asked Questions
What does S&P Global Market Intelligence do?
S&P Global Market Intelligence sells financial data, analytics, and workflow software. It helps investment professionals, corporations, and governments research companies, industries, and markets. It is the financial data and analytics division of S&P Global.
What is S&P Capital IQ Pro?
S&P Capital IQ Pro is the flagship product of S&P Global Market Intelligence. It offers a unified platform for market data, company fundamentals, private market intelligence, and supply chain analytics, serving investment banks, asset managers, and corporations.
Why did S&P Global acquire With Intelligence?
S&P Global announced the acquisition of With Intelligence for $1.8 billion in October 2025 to accelerate growth in private markets. This move aims to expand S&P Global Market Intelligence's capabilities in private market data and analytics.
Who is the new leader of S&P Global Market Intelligence after Saugata Saha?
Saugata Saha, President of Market Intelligence and Chief Enterprise Data Officer, announced his departure effective July 30, 2026. The Enterprise Data Organization was folded into the Chief Technology & Transformation Office, led by Firdaus Bhathena.
What are the main strengths of S&P Global Market Intelligence?
Key strengths include deep proprietary data sets covering public and private companies, supply chains, and credit markets. It also benefits from a strong recurring subscription revenue model, with subscription products growing 6% year-over-year in Q3 2025.
What risks does S&P Global Market Intelligence face?
Risks include leadership turnover with the departure of President Saugata Saha, integration challenges from the IHS Markit merger and With Intelligence acquisition, and potential disruption from divestitures like the sale of EDM and thinkFolio.
Sources
- investor.spglobal.com — 2025 full-year revenue of $15.3 billion, 8% growth, adjusted diluted EPS of $17.83
- www.sec.gov — Q3 2025 revenue of $3.888 billion, 9% growth, subscription revenue growth of 6%, acquisition of With Intelligence for $1.8 billion, divestiture of EDM and thinkFolio
- press.spglobal.com — Departure of Saugata Saha, President of Market Intelligence, effective July 30, 2026; Enterprise Data Organization moved under CTO Firdaus Bhathena
- www.spglobal.com — 2025 annual report reference: 8% revenue increase to $15.3 billion, adjusted diluted EPS up 14% to $17.83