S&P Global (SPGI) Investor Day 2026 summary

Strategic vision and market opportunity

• Targeting the $8 trillion global automotive market, serving both B2B and consumer segments with data-driven solutions and positioned as a scaled industry leader with $1.75B revenue and 8.6% CAGR from 2023–2025.

• Focused on unifying operations, infusing AI across products, and expanding market position through deeper penetration, new solutions, and international growth, including launches in Germany, China, and India.

• Addressing a $78B total addressable market by 2025, with $40B in core and extended segments and $38B in adjacent opportunities, and significant white space with less than 50% penetration among existing customers.

• Ongoing transformation from siloed businesses into a unified, customer-aligned organization to drive cross-sell, operational efficiency, and customer experience.

• Four core strategic assets: proprietary data estate, trusted brands, unmatched customer network, and deep ecosystem integration, all powered by AI.

Business segments and growth drivers

• B2B Solutions generated $608M in FY25, with 82% subscription revenue and 4.5% CAGR, covering nearly all global OEMs and top suppliers.

• CARFAX delivered $1.14B in FY25, with 81% subscription revenue and ~11% CAGR, 96% in-market awareness, and 53M+ Car Care customers.

• Both segments leverage proprietary data, AI-driven insights, and strong network effects to drive adoption, upsell, and international expansion.

• New solutions include AI-powered planning, predictive analytics, agentic tools, and the CARFAX Lifetime Program, enhancing customer value and operational efficiency.

• Secular trends—rising vehicle prices, longer vehicle lifespans, and increasing demand for transparency—fuel ongoing growth.

Core assets and competitive differentiation

• Proprietary data estate built over decades, with 177,000 unique sources and 38 billion records, powering over 90% of revenue.

• Trusted brands, especially CARFAX, drive consumer pull and dealer adoption, with deep industry embedding and high switching costs.

• Embedded in critical industry workflows, from OEM planning to dealer sales and service, creating a flywheel effect that compounds data, brand, and network advantages.

• Value exchange with data providers ensures ongoing data exclusivity and quality, often through non-exclusive but highly sticky relationships.

• Proprietary data moat and AI capabilities are key differentiators supporting long-term growth and profitability.