Photo by Hyundai Motor
S&P Global announced on Tuesday that it plans to spin off its Mobility division—its automotive-focused data and analytics unit—into a separate publicly traded company. The strategic move aims to streamline operations and allow the company to concentrate on its primary business segments.
Following the separation, the New York-based financial services provider will operate through four key units: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, and S&P Dow Jones Indices.
“Separating Mobility will allow us to continue to focus on our core businesses and pursue our growth strategy,” said Martina Cheung, President and CEO of S&P Global.
The Mobility segment, which supplies data solutions to automakers and automotive suppliers, generated $1.6 billion in revenue during fiscal year 2024, marking an 8% year-over-year increase.
S&P Global reported better-than-expected first-quarter earnings, supported by strong demand for its data and analytics services amid ongoing economic uncertainty. The company’s Ratings division—which offers credit ratings, research, and investor analytics—posted an 8% revenue increase to $1.15 billion for the quarter ending March 31. Meanwhile, the Market Intelligence division recorded a 5% rise in revenue, reaching $1.2 billion.
Adjusted earnings came in at $4.37 per share, surpassing analysts’ forecasts of $4.19. The company noted that demand for its market intelligence tools has surged as investors seek to navigate heightened market volatility, driven in part by broad U.S. tariffs introduced by President Donald Trump.
