SPGI · 10-Q · 2026Q2 · Full report
Indices Revenue and AUM Growth
S&P Global Inc. · 2026-07-28 · Importance 64 · Surprise 56 · In source text
Indices revenue increased 20% in the second quarter and 18% in the first half of 2026, driven by higher asset-linked fees, exchange-traded derivative revenue, and data subscription revenue. Ending ETF AUM increased 34% year over year to $6.350 trillion as of June 30, 2026, while average ETF AUM increased 38% to $6.046 trillion in the second quarter and 32% to $5.810 trillion in the first half. Growth reflects stronger investor assets in ETFs and mutual funds, higher derivatives trading volumes, and increased demand for index data subscriptions. U.S. revenue increased 20% in the quarter and 18% in the first half, while international revenue increased 17% and 20%, respectively.
Key facts
- Ending AUM for ETFs increased 34% to $6.350 trillion compared to June 30, 2025.
- Average AUM for ETFs increased 38% to $6.046 trillion for the three months ended June 30, 2026 compared to the three months ended June 30, 2025.
- Indices six-month ending AUM for ETFs increased 34% to $6.350 trillion and average AUM increased 32% to $5.810 trillion compared to the six months ended June 30, 2025.
- Indices revenue increased 20% for the three months ended June 30, 2026.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Ending AUM for ETFs increased 34% to $6.350 trillion compared to June 30, 2025. |
| revenue | positive | realized | — | Average AUM for ETFs increased 38% to $6.046 trillion for the three months ended June 30, 2026 compared to the three months ended June 30,… |
| revenue | positive | realized | — | Indices six-month ending AUM for ETFs increased 34% to $6.350 trillion and average AUM increased 32% to $5.810 trillion compared to the… |