IHS Markit
IHS Markit provides economic research, PMI surveys, and market intelligence to institutional clients including financial institutions, central banks, and multinational corporations. Acquired by S&P Global in 2022 for $44 billion, it is now integrated into S&P Global's four-division financial data and analytics platform.
- Company typePublic
- Founded2016
- HeadquartersLondon, United Kingdom
- Headcount5,001–10,000
- GTM typeB2B
- OfferingSoftware
What IHS Markit does
IHS Markit was a global information and analytics provider specializing in economic research, market intelligence, and proprietary economic indicators. Its flagship offerings included the widely-followed Purchasing Managers' Index (PMI) survey series, Global Economic Outlook reports, and supply chain risk analysis covering maritime chokepoints and geopolitical vulnerabilities. The company served institutional clients — financial institutions, central banks, multinational corporations, and governments — providing data-driven inputs for investment, monetary policy, and corporate planning decisions. Core technical capabilities encompassed large-scale survey-based data collection across thousands of businesses globally, structured economic forecasting, and analytics platforms delivered via subscriptions, data feeds, APIs, and the Capital IQ Pro platform.
IHS Markit was acquired by S&P Global in 2022 for $44 billion in one of the largest financial data infrastructure M&A transactions. Following the acquisition, IHS Markit was fully integrated into S&P Global Inc. (NYSE: SPGI), which operates four core divisions: Ratings, Market Intelligence, Indices, and Commodity Insights. The combined entity generates approximately $15.8 billion in fiscal 2025 revenue, primarily through subscription-based market intelligence, licensing fees, and transaction-based services delivered to a global institutional client base. Cost synergies from the IHS Markit integration exceeded $600 million by 2025.
The integrated business model combines enterprise subscription pricing (annual contracts, quote-based) with a sales-led go-to-market motion targeting institutional buyers. Distribution channels include direct enterprise sales, the Capital IQ Pro platform, marketplace offerings, and marquee industry events such as CERAWeek. The product portfolio spans Capital IQ Pro, S&P Global Energy Core (formerly Platts Connect), Ratings360, S&P Global ESG Scores, SPICE ESG indices, and AutoCreditInsight (a TransUnion partnership). AI-powered insights are layered across Capital IQ Pro and other platforms, processing textual and structured financial data to support predictive analytics and knowledge retrieval for investment decisions.
IHS Markit firmographics
Firmographics- Name
- IHS Markit
- Legal name
- S&P Global Inc.
- Website
- https://ihsmarkit.com
- Company type
- Public
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 5,001–10,000 employees
- Short description
- IHS Markit provides economic research, PMI surveys, and market intelligence to institutional clients including financial institutions, central banks, and multinational corporations. Acquired by S&P Global in 2022 for $44 billion, it is now integrated into S&P Global's four-division financial data and analytics platform.
- Ownership category
- akta.pro rank
IHS Markit industry classification
Industry- Product category
- Financial Data and Analytics
- NAICS
- Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Commodity Market Data, Pricing & Benchmark Administrators (Commodity Indices/Assessments) (FSAFAMAJ)
- akta.pro secondary industries
- Carbon Market Data, Indices, Ratings & Price Reporting (MRPAs) (EUAGAIAH), Target-Risk / Risk-Managed Allocation Funds (FSAAAEAG), Fintech & Payments Content & Compliance Screening (KYC/AML-related content, fraud signals) (BPAAALAH), AML/CTF Transaction Monitoring & Case Management (FSAGAFAC), Reference Data & Security Master / Corporate Actions Data Services (FSAFALAH), AML/KYC, Investor Onboarding & Compliance Services (FSAAAMAE), Analytics, Risk Models & Factor/Style Indices (FSAFAIAG), Sustainable Finance & ESG Ratings/Benchmarking Support (EUAHAJAH)
Keywords
Where IHS Markit is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
IHS Markit business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Subscription-based Market Intelligence: S&P Global (including IHS Markit) generates approximately $15.8 billion in fiscal 2025 revenue primarily through subscriptions and licensing fees for financial data, research, and analytics platforms. The company also generates transaction-based services revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise subscription model for institutional clients |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
IHS Markit product offering
Product offeringCore offering
IHS Markit provides economic research, PMI surveys, market intelligence, and analytics platforms for institutional clients including financial institutions, governments, and multinational corporations. The company's offerings include financial market intelligence (Capital IQ Pro), real-time commodity price benchmarks (S&P Global Energy Core), ESG sustainability scores, credit ratings (Ratings360), and supply chain risk analysis. Data is delivered via cloud platforms, data feeds, APIs, and subscription access.
Product overview
S&P Global operates as a unified platform-plus-modules architecture following the 2022 acquisition of IHS Markit. The company offers four core divisions: Ratings (credit ratings and research), Market Intelligence (Capital IQ Pro, Visible Alpha), Indices (S&P Dow Jones Indices including SPICE for ESG data), and Commodity Insights/Energy (S&P Global Energy Core/Platts Connect). Core products include S&P Capital IQ Pro for financial intelligence, S&P Global Energy Core for commodity data, Ratings360 for credit analysis, and S&P Global ESG Scores for sustainability assessment. Products are delivered via multiple channels including Cloud, Data Feed, API Solutions, and Capital IQ Pro platform.
Differentiator
Problem solved
Functional benefit
Brands
- S&P Capital IQ Pro: Premier financial market intelligence platform with AI-powered insights and data on 60M+ private and 109K+ public companies.
- S&P Global Energy Core
- Ratings360
- SPICE
- AutoCreditInsight
Products and services
- S&P Capital IQ Pro
Quantifiable outcome
- Global PMI data is a widely-followed economic indicator used by central banks and investors
- +1 more outcomes
Companies that use IHS Markit
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles3 records
IHS Markit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability5 records
Feature3 records
IHS Markit partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- S&P Global (Parent Company)flagshipS&P Global acquired IHS Markit in 2022 for $44 billion in one of the largest M&A transactions in financial data infrastructure. The acquisition integrated IHS Markit's economic research and PMI data with S&P Global's ratings and indices businesses.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
IHS Markit competitors and assessment
Company assessmentRegional players
- Wood Mackenzie: Wood Mackenzie, now part of Verisk, is a direct peer in energy and commodity research covering upstream, downstream, and renewables, overlapping with S&P Global Commodity Insights / Platts, though it is more focused on upstream E&P research.
- Wolters Kluwer: Wolters Kluwer's compliance and regulatory reporting units (including the Cappitech-adjacent regulatory reporting assets) overlap with the post-trade processing and regulatory workflow offerings acquired from Cappitech by IHS Markit.
Direct peers
- MSCI Inc. MSCI is the most direct peer in indices and ESG ratings, with comparable flagship index families and ESG research products that compete directly with SPICE and S&P Global ESG Scores.
- London Stock Exchange Group (LSEG): LSEG owns Refinitiv and competes head-to-head with Capital IQ Pro, IHS Markit reference data, and fixed-income analytics, while also operating FTSE Russell indices that overlap with S&P Dow Jones Indices.
- Moody's Corporation: Moody's, through Moody's Ratings and Moody's Analytics (including Bureau van Dijk), is a direct peer across credit ratings, reference data, and company information offerings that overlap with S&P Ratings and Capital IQ Pro.
- Morningstar: Morningstar competes with S&P Global in investment research, fund data, indexes, and ESG ratings, with significant overlap in serving asset managers and advisors globally.
- FactSet: FactSet Research Systems provides portfolio analytics, company data, and market intelligence to the same buy-side and corporate customer base as Capital IQ Pro, making it one of the closest direct competitors in financial market intelligence.
- Bloomberg L.P. Bloomberg is the dominant direct competitor in financial market data terminals, commodity analytics, and ESG datasets, serving the same institutional investor and corporate customer base that IHS Markit / S&P Global Market Intelligence targets.
Broad incumbents
- Intercontinental Exchange (ICE): ICE operates the ICE Data Services business and fixed-income indices (e.g., Bank of America Merrill Lynch index family rights), competing with S&P Dow Jones Indices and S&P Global Market Intelligence in financial data and benchmarks.
- Verisk Analytics: Verisk is a comparable broad analytics and data-services incumbent whose subscription-based industry intelligence model mirrors how IHS Markit monetizes risk and supply-chain analytics, particularly for insurance and energy verticals.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
IHS Markit social profiles
Digital presenceIHS Markit financial estimates
Financial estimateRevenue estimate
Valuation estimate
IHS Markit leadership team
Management profileNumber of profiles
Profiles8 records
IHS Markit subsidiaries and ownership
Company hierarchySubsidiaries1 record
IHS Markit funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IHS Markit M&A and investment
M&A and investmentM&A23 records
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IHS Markit
What does IHS Markit do?
IHS Markit provides economic research, PMI surveys, market intelligence, and analytics platforms for institutional clients including financial institutions, governments, and multinational corporations. The company's offerings include financial market intelligence (Capital IQ Pro), real-time commodity price benchmarks (S&P Global Energy Core), ESG sustainability scores, credit ratings (Ratings360), and supply chain risk analysis. Data is delivered via cloud platforms, data feeds, APIs, and subscription access.
Is IHS Markit a public or private company?
IHS Markit is a public company. It is classified as corporate owned and is currently acquired.
When was IHS Markit founded?
IHS Markit was founded in 2016. It employs 5,001 to 10,000 people.
Where is IHS Markit based?
IHS Markit is headquartered in London, United Kingdom, in the Europe region.
How does IHS Markit make money?
One revenue line is on record: subscription-based Market Intelligence.
Who are IHS Markit's main competitors?
Regional players on record are Wood Mackenzie and Wolters Kluwer. Direct peers are MSCI Inc., London Stock Exchange Group (LSEG), Moody's Corporation, Morningstar, FactSet and Bloomberg L.P.. Broad incumbents are Intercontinental Exchange (ICE) and Verisk Analytics.
Does IHS Markit have an API?
Yes. S&P Global offers API-based data access through multiple platforms including Capital IQ Pro and S&P Global Energy Core (Platts Connect). These platforms provide premium financial market intelligence data, energy price benchmarks, and market forecasts via API solutions. Delivery options include Cloud, Data Feed, and API Solutions alongside Capital IQ Pro.
What industry is IHS Markit in?
IHS Markit's product category is Financial Data and Analytics. Its primary akta.pro industry code is FSAFAMAJ, Commodity Market Data, Pricing & Benchmark Administrators (Commodity Indices/Assessments), with a secondary code of EUAGAIAH, Carbon Market Data, Indices, Ratings & Price Reporting (MRPAs). Its NAICS code is 523940 and its SIC code is 6282.