SPGI · 10-Q · 2026Q1 · Full report

Distribution Channels

S&P Global Inc. · 2026-04-28 · Importance 10 · Surprise 6

Market Intelligence derives subscription revenue through multiple delivery channels including desktop suites and flexible feed- or API-based delivery mechanisms for Capital IQ products and third-party research. Subscription revenue also includes software and hosted offerings that provide maintenance and continuous access to platforms over contract terms. Recurring variable revenue is earned from usage- or volume-based contracts (e.g., trades processed, AUM, positions valued). Non-subscription revenue is primarily generated from advisory services, conferences and analytical services, indicating a mix of recurring and event-driven distribution channels.