Financial Review: 68
Global Revenue by Division*

U.S. GAAP

Global Revenue: Geographic Region and Percent of Total (1, 3)

(dollars in millions)

60%
25%
10%
3%
2%
59%
25%
11%
3%
2%
61%
24%
10%
3%
2%
60%
24%
11%
3%
2%
60%
23%
11%
4%
2%
'18
'19
'20
'21
'22
U.S.
$3,750
$3,976
$4,504
$5,012
$6,653
EMEA
$1,543
$1,659
$1,769
$1,995
$2,597
Asia
$647
$710
$782
$874
$1,246
Canada
$208
$238
$261
$282
$501
Latin America
$110
$116
$126
$134
$184
Total
$6,258
$6,699
$7,442
$8,297
$11,181
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Global Revenue by Division (1,3)

U .S . R ev enue E x - U .S . R ev enue R a tings (2) $ 1,652 Commodity $ 673 Insig h ts Indices $ 1,088 U . S . E x - U . S . Mobility $ 932 Engineering $ 179 Solutions R a tings (2) $ 1,398 Commodity $1,012 Insig h ts Indices $ 251 Mobility $ 210 Engineering $ 144 Solutions 2022 $ 1 1 . 2B

 

Global Revenue by Division

(dollars in millions)

2018 (4)

2019

2020

2021

2022

% of
2022
U.S.

U.S. (2)

Market Intelligence

$1,180

$1,240

$1,355

$1,374

$2,231

34%

Ratings

1,619

1,745

2,110

2,398

1,652

25%

Commodity Insights

283

281

283

356

673

10%

Mobility

–

–

–

–

932

14%

Indices

719

772

826

959

1,088

16%

Engineering Solutions

–

–

–

–

179

3%

Interdivision revenue elimination

(66)

(62)

(70)

(75)

(102)

(2)%

U.S. revenue (3)

$3,735

$3,976

$4,504

$5,012

$6,653

–

% of
2022
Ex-U.S.

Ex-U.S. (1, 2)

Market Intelligence

$653

$719

$730

$811

$1,580

35%

Ratings

1,264

1,361

1,496

1,699

1,398

31%

Commodity Insights

532

563

616

656

1,012

22%

Mobility

–

–

–

–

210

5%

Indices

118

146

163

190

251

6%

Engineering Solutions

–

–

–

–

144

3%

Interdivision revenue elimination

(59)

(66)

(67)

(71)

(67)

(2)%

Ex-U.S. revenue (3)

$2,508

$2,723

$2,938

$3,285

$4,528

–

Total revenue (3)

$6,258

$6,699

$7,442

$8,297

$11,181

–

2018 (4)

2019

2020

2021

2022

% of
2022
U.S.

U.S. (2)

Market Intelligence

$1,180

$1,240

$1,355

$1,374

$2,231

34%

Ratings

1,619

1,745

2,110

2,398

1,652

25%

Commodity Insights

283

281

283

356

673

10%

Mobility

–

–

–

–

932

14%

Indices

719

772

826

959

1,088

16%

Engineering Solutions

–

–

–

–

179

3%

Interdivision revenue elimination

(66)

(62)

(70)

(75)

(102)

(2)%

U.S. revenue (3)

$3,735

$3,976

$4,504

$5,012

$6,653

–

% of
2022
Ex-U.S.

Ex-U.S. (1, 2)

Market Intelligence

$653

$719

$730

$811

$1,580

35%

Ratings

1,264

1,361

1,496

1,699

1,398

31%

Commodity Insights

532

563

616

656

1,012

22%

Mobility

–

–

–

–

210

5%

Indices

118

146

163

190

251

6%

Engineering Solutions

–

–

–

–

144

3%

Interdivision revenue elimination

(59)

(66)

(67)

(71)

(67)

(2)%

Ex-U.S. revenue (3)

$2,508

$2,723

$2,938

$3,285

$4,528

–

Total revenue (3)

$6,258

$6,699

$7,442

$8,297

$11,181

–

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Number of Employees*

2018

2019

2020

2021

2022

Asia

13,000

14,300

14,550

14,600

21,750

U.S. and Canada

5,600

5,600

5,750

5,500

11,750

Europe, Middle East, and Africa

2,000

2,000

2,100

2,150

5,700

Latin America

600

600

600

600

750

Total employees

21,200

22,500

23,000

22,850

39,950

2018

2019

2020

2021

2022

Asia

13,000

14,300

14,550

14,600

21,750

U.S. and Canada

5,600

5,600

5,750

5,500

11,750

Europe, Middle East, and Africa

2,000

2,000

2,100

2,150

5,700

Latin America

600

600

600

600

750

Total employees

21,200

22,500

23,000

22,850

39,950

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Notes:

U.S. and Ex-U.S. revenue is only presented on a U.S. GAAP basis; geographic breakdown is not available on a non-GAAP pro forma adjusted basis

(1)

 Ex-U.S. revenue includes international sales by U.S. operations

(2)

 Individual division results do not include adjustment for interdivision revenue elimination

(3)

Total Company revenue includes interdivision revenue elimination

(4)

Total revenue includes Corporate revenue of $15 million related to the acquisition of Kensho in April 2018

Details may not sum to total due to rounding

*

SPGI:  Refer to the SPGI footnotes on page 4 for further details on the Company’s divisions