S&P Global is Spinning Off Its Mobility Business This Summer. Here’s What Shareholders Need to Know.

S&P Global Is Spinning Off Its Mobility Business This Summer.

Here’s What Shareholders Need to Know

S&P Global (NYSE: SPGI) is best known for its credit ratings and indexes, but it also has a strong institutional consulting and analytics arm. Its Market Intelligence business, which provides data, analytics, and insights for companies, is one of its largest revenue drivers, generating $1.3 billion in revenue last quarter, an 8% year-over-year increase. It also has an energy consulting business, formerly known as Plattʻs, that provides data on energy and commodities.

In addition, it has S&P Mobility, which was formed in 2022 after S&P acquired IHS Markit. This segment provides data and intelligence on the automobile industry. But as of July 1, Mobility will no longer be part of S&P Global as it is being spun off into its own company, Mobility Global, which will trade on the New York Stock Exchange under the ticker MBGL.