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S&P Global

From Wikipedia, the free encyclopedia
American financial services company

S&P Global Inc.
Headquarters at55 Water Street
Formerly
  • McGraw–Hill, Inc. (1964–1995)
  • The McGraw–Hill Companies, Inc. (1995–2013)
  • McGraw Hill Financial, Inc. (2013–2016)
Company typePublic
IndustryFinancial services
PredecessorThe McGraw–Hill Book/Publishing Companies
(formerly 'The McGraw Publishing Company' and 'The Hill Book Company')
Founded1917; 108 years ago (1917)
Founders
Headquarters55 Water Street,New York City, U.S.
Area served
Worldwide
Key people
Martina Cheung (president &CEO)
ProductsFinancial information and analytics
RevenueIncreaseUS$14.2 billion (2024)
IncreaseUS$5.58 billion (2024)
IncreaseUS$3.85 billion (2024)
Total assetsDecreaseUS$60.2 billion (2024)
Total equityDecreaseUS$33.3 billion (2024)
Number of employees
42,350 (2024)
Subsidiaries
Websitewww.spglobal.com/enEdit this at Wikidata
Footnotes / references
[1][2]

S&P Global Inc. (prior to 2016,McGraw Hill Financial, Inc., and prior to 2013,The McGraw–Hill Companies, Inc.) is an Americanpublicly traded corporation headquartered inManhattan, New York City. Its primary areas of business are financial information and analytics. It is theparent company ofS&P Global Ratings, S&P Global Market Intelligence, S&P Global Mobility, S&P Global Sustainable1, andS&P Global Commodity Insights,CRISIL. It is also the majority owner of theS&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's".

Corporate history

[edit]

The predecessor companies of S&P Global have histories dating to 1888, whenJames H. McGraw purchased theAmerican Journal of Railway Appliances. He continued to add further publications, eventually establishing TheMcGraw Publishing Company in 1899.John A. Hill had also produced several technical and trade publications and in 1902 formed his own business, TheHill Publishing Company. In 1909, both men, having known each other's interests, agreed upon an alliance and combined the book departments of their publishing companies into TheMcGraw–Hill Book Company. John Hill served as president, with James McGraw as vice-president. In 1917, the remaining parts of each business were merged into TheMcGraw–Hill Publishing Company.[3]

In 2009, McGraw Hill Cos. sold Business Week to Bloomberg L.P. In 1964, after Hill died, bothMcGraw–Hill Publishing Company andMcGraw–Hill Book Company merged intoMcGraw–Hill, Inc. McGraw–Hill purchasedcredit rating agencyStandard & Poor's from Paul Talbot Babson in 1966. In 1979, McGraw–Hill acquiredByte magazine from its owner/publisherVirginia Williamson, who then became a vice-president of McGraw–Hill. In 1986, McGraw–Hill bought out competitor The Economy Company, then the United States' largest publisher of educational material. The buyout made McGraw–Hill the largest educational publisher in the United States.[4] In 1994, McGraw–Hill's broadcasting division signed a deal with ABC, due partly to the fact that its stations in San Diego (KGTV) and Indianapolis (WRTV) had already been aligned with the network, and that Denver (KMGH-TV) and Bakersfield (KERO-TV) joined the ABC family. (Bakersfield sister station KERO-TV was also involved in the deal between McGraw–Hill and ABC; however, that station had to wait for its affiliation contract with CBS to expire in March 1996, before it could finally switch to ABC).[5]

On October 3, 2011, McGraw–Hill announced it was selling its entire television station group to theE. W. Scripps Company for $212 million.[6] The sale was completed on December 30, 2011. It had been involved in broadcasting since 1972, when it purchased four television stations from a division ofTime Inc. The sale included McGraw–Hill Broadcasting's stationsKERO-TV andKZKC-LPBakersfield;KGTV andKZSD-LPSan Diego;KZCS-LPColorado Springs; flagship stationKMGH-TV andKZCO-LDDenver;KZFC-LPFort Collins; andWRTVIndianapolis. On November 26, 2012, McGraw–Hill announced it was selling its entire education division, known asMcGraw–Hill Education toApollo Global Management for $2.5 billion.[7] On March 22, 2013, McGraw–Hill announced it had completed the sale for $2.4 billion cash.[8] On May 1, 2013, shareholders of McGraw–Hill voted to change the company's name toMcGraw Hill Financial.[9] McGraw–Hill divested the subsidiary McGraw–Hill Construction toSymphony Technology Group for US$320 million on September 22, 2014.[10] The sale includedEngineering News-Record,Architectural Record, Dodge and Sweet's.[11] McGraw–Hill Construction has been renamed Dodge Data & Analytics.[12]

In February 2016, McGraw–Hill announced that McGraw–Hill Financial would change its name toS&P Global Inc. by the end of April 2016.[13] McGraw Hill Financial officially changed its name following a shareholder vote on April 27, 2016.[14] In April 2016, McGraw–Hill announced that it was sellingJ.D. Power and Associates to investment firm XIO Group for $1.1 billion.[15] On August 3, 2020, S&P Global Platts launched S&P Global Platts Analytics fundamental oil information on the redesigned S&P Global Platts Developer Platform. The Platts Developer Platform offers customers with quick exposure to product price databases, business statistics and insights at the pace of market changes.[16] In November 2020, S&P Global agreed to acquireIHS Markit analytics company in a $44 billion transaction.[17][18] In 2023, S&P sold the former IHS engineering operations toKKR & Co, which rebranded IHS asAccuris.[19]

In October 2025, S&P Global announced a deal to buy markets data and analytics firm With Intelligence for $1.8 billion, which is expected to bolster S&P's presence in private markets. The transaction is expected to close in 2025 or early 2026.[20]

Corporate organization

[edit]

S&P Global organizes its businesses in six units, based on the market in which they are involved:[21]

S&P Global Ratings

[edit]
Main article:S&P Global Ratings

S&P Global Ratings provides independent investment research including ratings on various investment instruments.

S&P Global Market Intelligence

[edit]

S&P Global Market Intelligence is a provider of multi-asset class and real-time data, research, news and analytics toinstitutional investors, investment and commercial banks, insurance companies, investment advisors and wealth managers, corporations, and universities. Subsidiaries and brands include Capital IQ,EViews,Journal of Commerce,Panjiva, andGlobal Insight.

S&P Dow Jones Indices

[edit]

Launched in July 2012,S&P Dow Jones Indices is the world's largest global resource for index-based concepts, data, and research.[22] It produces theS&P 500 and theDow Jones Industrial Average.[23]

S&P Dow Jones Indices calculates over 830,000 indices, publishes benchmarks that provide the basis for 575 ETFs globally with $387 billion in assets invested, and serves as the DNA for $1.5 trillion of the world's indexed assets.[24]

S&P Global Commodity Insights

[edit]

Headquartered in London,S&P Global Commodity Insights is a provider of information and a source of benchmark price assessments for the commodities, energy,petrochemicals, metals, and agriculture markets. It has offices in more than 15 cities, including major energy centres such as London, Tokyo, Dubai, Singapore, and Houston, and international business centres such asSão Paulo, Shanghai, and New York City.

S&P Global Mobility

[edit]

S&P Global Mobility is the parent company ofCarfax, Market Scan, Polk Automotive Solutions, and other brands.[25] In April 2025, S&P announced plans to spin off its global mobility unit into a standalone public company.[26]

Presidents of the company

[edit]

Acquisitions

[edit]

During the course of its history, McGraw Hill and from 2016 S&P Global has expanded significantly through acquisition, not just within the publishing industry but also into other areas such as financial services (the purchase ofStandard & Poor's in 1966) and broadcasting (the 1972 acquisition ofTime-Life Broadcasting). The publishing and education assets are a part ofMcGraw–Hill Education from the company separation in 2013:

Date of acquisitionAsset acquiredIndustry
1920Newton Falls Paper Company[27]-
1928A.W. Shaw Company[27]Publisher of magazines and textbooks
1950sGregg Company[27]Publisher of vocational textbooks
1953Companies of Warren C. Platts, includingPlatts[27][28]Publisher of petroleum industry information
1954Blakiston, fromDoubleday[29]Publisher of medical textbooks
1961F.W. Dodge Corporation[30]Publisher of construction industry information
1965California Test Bureau[27]Developer of educational testing systems
1966Standard & Poor's[30]Financial Services
1966Shepard's Citations[31]Legal publisher
1968National Radio InstituteCorrespondence School
1970The Ryerson PressEducational and trade publishing
1972Television Stations ofTime Life Broadcasting[30]Broadcasting
1979Data Resources Inc.Economic data, models and consulting
1986The Economy Company[4]Educational publishing
1988Random House Schools and Colleges[32]Educational publishing
1996Times Mirror Higher Education[33]Educational publishing
1993Macmillan/McGraw–Hill School Publishing Company[34]Educational publishing
1997Micropal Group Limited[35]Financial Services
1999Appleton & Lange[36]Publisher of medical information
2000Tribune Education, includingNTC/Contemporary[37]Publisher of supplementary educational materials
2001Mayfield Publishing Company[38]Publisher of humanities and social science textbooks
2004Capital IQ[39]Company information aggregation
2005J.D. Power & Associates[40]Marketing information provider
2015SNL Financial[41]Financial News
2018Kensho Technologies[42]Artificial Intelligence
2019451 Research[43]Global IT research and advisory
2022IHS Markit[44]Information Provider
2022The Climate Service[45]Information Provider
2023ChartIQ[46]Charting Provider
2023Tradenet[47]Vessel-Tracking Platform
2023TruSight Solutions LLC[48]Third-party Risk Assessments
2023Market Scan Information Systems, Inc[49]Automative Data Provider
2024Visible Alpha[50]Consensus Estimates Data
2024World Hydrogen Leaders[51]Hydrogen Information Provider

This list only includes acquisitions made by McGraw–Hill, not its subsidiaries. McGraw–Hill typically does not release financial information regarding its acquisitions or divestitures.

Divestitures

[edit]

After acquiring a portfolio of diverse companies, McGraw Hill later divested itself of many units to form McGraw Hill Financial which is now S&P Global:

Date of divestitureAsset relinquishedIndustry
1996Shepard's legal publisher to Times Mirror[52]Publishing
2009Vista Resources to Guidepoint Global[53]Expert Networks
2011Television station group to theE. W. Scripps CompanyBroadcasting
2013McGraw–Hill Education toApollo Global ManagementPublishing
2013Aviation Week toPenton[54]Publishing
2014McGraw–Hill Construction toSymphony Technology GroupPublishing
2016J.D. Power & Associates to XIO GroupMarketing information provider
2016Equity Research Group to CFRA[55]Equity research

This list only includes divestitures made by McGraw–Hill, not its subsidiaries.

McGraw–Hill Building

[edit]
1221 Avenue of the Americas, former McGraw–Hill headquarters
Main article:1221 Avenue of the Americas

The company was based at1221 Avenue of the Americas until July 2015.[1]The predecessor company McGraw Hill Inc. had been based at330 West 42nd Street and both have been known asTheMcGraw–Hill Building, a name originally used for a prior headquarters at 469 Tenth Avenue.

Connection to the family of George W. Bush

[edit]

The McGraws and theGeorge W. Bush family have close ties dating back several generations. Harold McGraw Jr. (deceased) was a member of the national grant advisory and founding board of the Barbara Bush Foundation for Family Literacy.[56]

McGraw–Hill Federal Credit Union

[edit]

Established in 1935, the McGraw–Hill Federal Credit Union originally served employees of the McGraw–Hill companies in New York City only.[57] The credit union moved from its location inside the McGraw–Hill building toEast Windsor,New Jersey, in 2005. Its accounts are insured by theNational Credit Union Administration. It provides savings, checking accounts,CDs,money-market accounts,IRAs, credit cards, auto loans, and home mortgages. In February 2019, the credit union announced plans to merge withPentagon Federal Credit Union,[58] completing to convert customers to those of PenFed on May 1, 2019.[59] The East Windsor branch currently operates as a PenFed branch as of September 2019.

Awards

[edit]

In 1999, theNational Building Museum presented the McGraw–Hill Companies with its annualHonor Award for the corporation's contributions to thebuilt environment.[60]

In 2023, S&P Global was recognized in Newsweek's ranking of America's Greenest Companies 2024 for its commitment to sustainability.[61]

References

[edit]
  1. ^abMartin, Timothy W. (July 8, 2015)."McGraw Hill Moves Downtown, Says Goodbye to Namesake Building".The Wall Street Journal. RetrievedJuly 14, 2015.
  2. ^"SPGI 2024 Annual Report (Form 10-K)".U.S. Securities and Exchange Commission. February 11, 2025.
  3. ^"About Us: Corporate History: The Foundation". Archived fromthe original on May 5, 2007. RetrievedMay 26, 2007.
  4. ^abTipton, David (July 3, 1986). "McGraw Hill Buying The Economy Company".The Journal Record.
  5. ^"McGraw-Hill Plans to Switch Affiliation of Denver Station to ABC from CBS".AP NEWS. RetrievedApril 28, 2021.
  6. ^"McGraw–Hill Sells TV Group To Scripps",TVNewsCheck, October 3, 2011.
  7. ^de la Merced, Michael J. (November 26, 2012)."McGraw–Hill to Sell Education Unit to Apollo for $2.5 Billion".DealBook. RetrievedSeptember 22, 2020.
  8. ^"The McGraw–Hill Companies Completes Sale of McGraw–Hill Education to Apollo" (Press release). McGraw–Hill Companies. March 22, 2013. Archived fromthe original on October 20, 2020. RetrievedFebruary 22, 2017.
  9. ^"News Release - McGraw Hill Financial". Investor.mhfi.com. Archived fromthe original on January 7, 2016. RetrievedOctober 30, 2013.
  10. ^Staley, Eddie (September 22, 2014)."McGraw Hill Financial To Sell McGraw Hill Construction To Symphony Technology Group For $320M In Cash". Benzinga. RetrievedApril 30, 2015.
  11. ^"McGraw Hill Sells ENR and Construction Group to Equity Investor".www.enr.com.
  12. ^Maidenberg, Micah (December 14, 2014)."Best year since 2008 for construction industry".Crain's Chicago Business.Dodge Data & Analytics, a data provider formerly known as McGraw–Hill Construction
  13. ^"McGraw Hill Financial to be renamed 'S&P Global'".fastFT.The Financial Times. February 4, 2016. RetrievedApril 26, 2016.
  14. ^"McGraw Hill Financial Changes Name to S&P Global Inc". April 27, 2016. Archived fromthe original on May 13, 2016. RetrievedMay 12, 2016.
  15. ^Beckerman, Josh (April 15, 2016)."McGraw Hill Financial to Sell J.D. Power for $1.1 Billion".The Wall Street Journal. RetrievedApril 26, 2016.
  16. ^"S&P Global Platts Launches Oil Fundamental Data APIs to Digitize Commodity Markets".Cision PR Newswire. August 3, 2020. RetrievedAugust 4, 2020.
  17. ^"S&P Global to buy IHS Markit in $44bn deal".Financial Times. November 30, 2020. RetrievedDecember 14, 2020.
  18. ^"S&P Global Agrees to Buy IHS Markit for About $44 Billion".The Wall Street Journal. November 30, 2020. RetrievedDecember 14, 2020.
  19. ^"KKR Acquires Accuris | Mergr M&A Deal Summary".mergr.com. RetrievedJune 29, 2025.
  20. ^Stewart, Robb M. (October 15, 2025)."S&P Global Buying Data and Analytics Firm With Intelligence for $1.8 Billion".The Wall Street Journal. RetrievedOctober 16, 2025.
  21. ^"S&P Global & IHS Markit merger".S&P Global.
  22. ^Rooney, Ben."Stocks end mixed after late-day recovery".CNNMoney. RetrievedOctober 25, 2024.
  23. ^Leising, Matthew (July 2, 2012)."McGraw–Hill, CME Group Start S&P Dow Jones Indices Venture".Bloomberg. RetrievedDecember 6, 2013.
  24. ^"Dow slides more than 500 points, S&P 500 closes lower in sharp sell-off Thursday: Live updates".CNBC. July 19, 2024.
  25. ^"Reynolds and Reynolds, Carfax simplify service history upload process".www.autonews.com. RetrievedJune 29, 2025.
  26. ^Butler, Peter; Pinkerton, Keith; Reinstein, Dennis (2006)."The Guideline Publicly Traded Company Method and the Market Value of "Invested" Capital: Should Market Value of "Stakeholder" Capital be the Appropriate Reference?".Business Valuation Review.25 (2):78–82.doi:10.5791/0882-2875-25.2.78.ISSN 0897-1781.
  27. ^abcde"About Us: Corporate History: Development". Archived fromthe original on May 6, 2013. RetrievedMay 26, 2007.
  28. ^"Platts History". Archived fromthe original on May 2, 2007. RetrievedMay 26, 2007.
  29. ^"BLAKISTON BOOKS SOLD; McGraw–Hill Acquires Medical Subsidiary of Doubleday".The New York Times. October 18, 1954.ISSN 0362-4331. RetrievedNovember 10, 2019.
  30. ^abc"About Us: Corporate History: Expansion". Archived fromthe original on May 6, 2013. RetrievedMay 26, 2007.
  31. ^"The McGraw–Hill Companies Timeline". Archived fromthe original on January 11, 2021. RetrievedAugust 23, 2014.
  32. ^Edwin McDowell (September 29, 1988)."McGraw–Hill Is Buying 2 Random House Units".The New York Times.
  33. ^Iver Peterson (July 4, 1996)."Times Mirror in Two Deals To Bolster Legal Publisher".The New York Times. RetrievedSeptember 1, 2009.
  34. ^"McGraw–Hill to Buy Stake in Schoolbook Publisher".The New York Times. Bloomberg Business News. August 27, 1993. RetrievedMarch 24, 2018.
  35. ^"The McGraw–Hill Companies to Acquire Micropal". Archived fromthe original on October 28, 2018. RetrievedMay 26, 2007.
  36. ^"The McGraw–Hill Companies Completes Acquisition of Appleton & Lange". Archived fromthe original on January 3, 2013. RetrievedMay 26, 2007.
  37. ^"The McGraw–Hill Companies To Acquire Tribune Education; Acquisition Strengthens McGraw–Hill Education's Leadership Position". Archived fromthe original on July 17, 2012. RetrievedMay 26, 2007.
  38. ^"McGraw–Hill to Acquire Mayfield Publishing Company".Publishing Executive. RetrievedNovember 11, 2019.
  39. ^Barker, Alex (May 1, 2007)."We were angry, arrogant bankers'".Financial Times.Archived from the original on December 10, 2022.
  40. ^"The McGraw–Hill Companies Completes Acquisition of J.D. Power and Associates". Archived fromthe original on January 3, 2013. RetrievedMay 26, 2007.
  41. ^Monks, Matthew; Scully, Matt (July 27, 2015)."McGraw Hill Agrees to Buy SNL Financial for $2.23 Billion".Bloomberg.com. RetrievedJanuary 6, 2016.
  42. ^Miller, Ron (March 7, 2018)."S&P Global snares Kensho for $550 million".TechCrunch. RetrievedNovember 11, 2024.
  43. ^"S&P Global has acquired 451 Research in new deal".FinTech Global. January 7, 2020. RetrievedNovember 11, 2024.
  44. ^Hoffman, Cara Lombardo And Liz (November 30, 2020)."WSJ News Exclusive | S&P Global Nears Deal to Buy IHS Markit for About $44 Billion".Wall Street Journal.ISSN 0099-9660. RetrievedNovember 30, 2020.
  45. ^"S&P Global Acquires The Climate Service, Inc". January 4, 2022.Archived from the original on September 26, 2023. RetrievedSeptember 26, 2023.
  46. ^"S&P Global enhances Capital IQ Pro desktop with acquisition of ChartIQ".press.spglobal.com. S&P Global. January 5, 2023. RetrievedDecember 28, 2024.
  47. ^"S&P Global acquires firm to bolster capability to track commodity shipments".reuters.com. Reuters. March 13, 2023. RetrievedDecember 28, 2024.
  48. ^"S&P Global enhances KY3P® risk management capabilities with acquisition of TruSight Solutions LLC".spglobal.com. S&P Global. January 9, 2023. RetrievedDecember 28, 2024.
  49. ^"S&P Global Mobility Enhances Data and Product Offerings with Acquisition of Market Scan".press.spglobal.com. S&P Global. February 16, 2023. RetrievedDecember 28, 2024.
  50. ^"S&P Global to buy Visible Alpha in latest push for data dominance".Reuters.com. Reuters. February 20, 2024. RetrievedDecember 28, 2024.
  51. ^"S&P Global Commodity Insights Acquires World Hydrogen Leaders".Spglobal.com. S&P Global. May 14, 2024. RetrievedDecember 28, 2024.
  52. ^Peterson, Iver (July 4, 1996)."THE MEDIA BUSINESS;Times Mirror in Two Deals to Bolster Legal Publisher".The New York Times.
  53. ^"Standard & Poor's, A Division of McGraw-Hill, Sells Vista Research to Guidepoint Global".marlinllc.com. May 22, 2009. Archived fromthe original on January 1, 2016.
  54. ^"McGraw Hill Financial to Sell Aviation Week to Penton" (Press release).
  55. ^"S&P Global Agrees to Sell S&P Global Market Intelligence's Equity and Fund Research to CFRA" (Press release).
  56. ^Metcalf, Steven (January 10, 2002)."Reading Between the Lines".The Nation. Archived fromthe original on June 3, 2019. RetrievedJune 9, 2017.
  57. ^"McGraw–Hill Federal Credit Union - Home". McGraw–Hill Federal Credit Union. Archived fromthe original on February 25, 2011. RetrievedOctober 30, 2013.
  58. ^Strozniak, Peter (February 12, 2019)."New Jersey Credit Union Plans Merger With PenFed". Credit Union Times. RetrievedSeptember 18, 2019.
  59. ^"Welcome to the Family McGraw–Hill Federal Credit Union". Pentagon Federal Credit Union. Archived fromthe original on June 7, 2019. RetrievedSeptember 18, 2019.
  60. ^"Honor Award".National Building Museum. December 16, 2016.
  61. ^"S&P Global Named One of America's Greenest Companies by Newsweek".Prolific News. November 13, 2023.

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