SPGI · 10-Q · 2026Q1 · Full report

Geographic Market Commentary

S&P Global Inc. · 2026-04-28 · Importance 17 · Surprise 24

S&P Global’s announced sale of Energy’s geoscience and petroleum engineering software portfolio highlights that these products are widely used by U.S. onshore and unconventional operators, signaling North American concentration for that product set. The portfolio being sold includes Kingdom Software, Petra, Harmony Enterprise, Analytics Explorer, SubPUMP, Power Tools, FieldDIRECT, Piper, WellTest, and The Element Platform — all named products relied upon by U.S. operators. The planned divestiture (expected to close in H2 2026 or early 2027) therefore represents a shift in geographic and end-customer exposure for the Energy segment. The company notes the anticipated divestiture is not expected to be material to consolidated financial statements but materially affects the product footprint in US onshore/unconventional markets.

Key facts

U.S. revenue increased 12% year over year for the three months ended March 31, 2026.
Asia revenue change for the three months ended March 31, 2026 compared to prior year: 12% growth (as presented).
U.S. revenue for the three months ended March 31, 2026: $2,625 million.
U.S. revenue for the three months ended March 31, 2025: $2,342 million.
Total international revenue for the three months ended March 31, 2026: $1,546 million.
Total international revenue for the three months ended March 31, 2025: $1,435 million.
Segment total assets as of March 31, 2026: Market Intelligence $30,975 million; Ratings $1,294 million; Energy $8,425 million; Mobility $12,905 million; Indices $3,437 million; total reportable segments $57,036 million; Corporate $3,628 million; total assets $60,792 million.
Total international revenue increased 8% year over year for the three months ended March 31, 2026.

Impact estimates

metric	direction	stage	expected	basis
revenue	positive	realized	+6.8%	U.S. revenue for the three months ended March 31, 2026: $2,625 million.
revenue	positive	realized	+2.7%	Total international revenue for the three months ended March 31, 2026: $1,546 million.
revenue	positive	realized	—	U.S. revenue increased 12% year over year for the three months ended March 31, 2026.
revenue	positive	realized	—	Asia revenue change for the three months ended March 31, 2026 compared to prior year: 12% growth (as presented).
revenue	positive	realized	—	Total international revenue increased 8% year over year for the three months ended March 31, 2026.
revenue	positive	realized	—	European region revenue change for the three months ended March 31, 2026 compared to prior year: 6% growth (as presented).
revenue	positive	realized	—	Rest of the world revenue change for the three months ended March 31, 2026 compared to prior year: 8% growth (as presented).