SPGI · 10-Q · 2026Q1 · Full report

Customer Dynamics

S&P Global Inc. · 2026-04-28 · Importance 26 · Surprise 24

Energy demand was supported by higher CERAWeek attendance and expanded product offerings under enterprise-use contracts, indicating deeper engagements with existing energy and commodity customers and increased licensing to exchanges. Mobility gained from new business wins in Dealer and improved contract terms in Financial underwriting, while Market Intelligence saw growth from Lending Solutions and higher volumes in recurring variable contracts. Indices benefited from rising AUM at ETF/mutual funds, signaling positive flows and customer allocation to passive and derivative products. Overall, the narrative points to durable client adoption of enterprise contracts and usage-based arrangements.