S&P Global (SPGI) 47th Annual Raymond James Institutional Investor Conference summary

AI strategy and workflow integration

• Proprietary content and benchmarks drive about 75% of operating income, with workflow tools contributing 13% of revenue and offering critical, enterprise-grade solutions for clients.

• Workflow platforms are deeply embedded in client operations, supporting regulatory compliance and industry-wide ecosystems, often requiring unique data to unlock full value.

• Clients seek fewer vendors and value co-creation, with generative AI being integrated across platforms to enhance offerings and client engagement.

AI-driven value creation and monetization

• Early AI deployments, such as the MCP connector and Microsoft Copilot integration, have attracted around 140 customers, with strong conversion to paid usage.

• Increased data usage through AI channels is tracked and leveraged for renegotiations and new data sales, with 20% of clients adopting automated data ingestion at iLEVEL.

• Energy clients using Microsoft Copilot show double the ARR growth and 4% higher retention than the broader energy base.

Intellectual property and data protection

• Direct client relationships and technical permissioning tools like the MCP connector and grounding agent safeguard data access and usage.

• Proprietary data is not used for LLM training, and data throttling ensures only necessary information is shared, protecting IP.

• Non-proprietary data forms less than 5% of revenue and is bundled in enterprise licenses, with expectations for this share to decrease over time.