SPGI · Earnings call · 2026Q3T · Full report

Indices Segment Performance

S&P Global Inc. · 2026-10-27 · Importance 42 · Surprise 40

S&P Dow Jones Indices revenue grew 20% in Q3 2026, its 14th consecutive quarter of record revenue. Asset-linked fees grew 24%, supported by market appreciation and net inflows, and ETF assets under management reached a record $6.5 trillion; exchange-traded derivatives revenue increased 19%, led by SPX volumes. Data and custom subscriptions grew 7% reported and 5% organically, while operating profit rose 22% and operating margin expanded 150 basis points to 71.9%. The Cboe licensing extension is expected to add a couple of percentage points to total index revenue growth in 2027, with no impact on 2026 results.

Key facts

• S&P Dow Jones Indices revenue grew 20% in the third quarter of 2026.
• S&P Dow Jones Indices asset-linked fees revenue grew 24% year over year in the third quarter of 2026.
• S&P Dow Jones Indices reported its 14th consecutive quarter of record revenue in the third quarter of 2026.