IHS Markit

Financial Data and Analyticsihsmarkit.com

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

Financial market intelligence
Economic research analytics
Commodity price benchmarks
Credit ratings research
ESG data scores

Where IHS Markit is headquartered

Location

Headquarters

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 offering

Core 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 profile

Named customers3 records

Segments2 records

Ideal customer profiles3 records

IHS Markit technology and API

Technology

Technology 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 signal

Partnerships

One partnership is on record.

S&P Global (Parent Company)flagshipStrategic or Co-development Partner · 1 February 2022S&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 assessment

Regional 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 financial estimates

Financial estimate

Revenue estimate

Valuation estimate

IHS Markit leadership team

Management profile

Number of profiles

Profiles8 records

IHS Markit subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

IHS Markit funding detail

Funding detail

Funding 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 investment

M&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?

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.