SPGI · 10-Q · 2026Q2 · Full report
Unearned Revenue Trends
S&P Global Inc. · 2026-07-28 · Importance 49 · Surprise 32 · In source text
Unearned revenue was $3.929 billion at June 30, 2026, compared with $4.088 billion at December 31, 2025. The decrease was primarily driven by recognition of $3.0 billion of revenue that had been included in the opening unearned revenue balance. Advance customer payments received before S&P Global satisfies its performance obligations partially offset the recognized revenue.
Key facts
- The decrease in the unearned revenue balance at June 30, 2026 compared to December 31, 2025 is primarily driven by $3.0 billion of revenues recognized that were included in the unearned revenue balance at the beginning of the period.
- Unearned revenue balance as of June 30, 2026: $3,929 million.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +36.1% | The decrease in the unearned revenue balance at June 30, 2026 compared to December 31, 2025 is primarily driven by $3.0 billion of… |
| liability | negative | realized | — | Unearned revenue balance as of June 30, 2026: $3,929 million. |