WillItSurvive
Financial data and information services · absorbed · United Kingdom

IHS Markit

ihsmarkit.com ↗

Former data/analytics giant, merged into S&P Global in 2022, its assets now run as SPGI's Market Intelligence unit.

Defensible for now
Assessed 21 July 2026 · Evidence as of 21 July 2026
Real protection, with named pressure against it.
On the recordSince 21 July 2026 · Checkable from July 28, 2026 · Every call on the record Checkpoint: S&P Global reports Q2 2026 earnings, its first full quarter without the spun-off Mobility segment
The call

IHS Markit no longer exists on its own; its future rides entirely on how S&P Global's Market Intelligence unit holds up against AI-native research tools and Bloomberg.

IHS Markit provided financial data, market indices, and automotive information to banks, investors, and car dealers. It no longer exists as its own company after merging into S&P Global in early 2022, though some of its automotive business (CARFAX and Polk) was spun off as Mobility Global in 2026. The challenge: Bloomberg and new AI tools that use large language models can now do similar research work faster and cheaper, especially in the market intelligence segment where S&P competes on data rather than on hard-to-replace regulatory authority. What matters most over the next few years is whether AI tools can compress how financial professionals use research reports and market data, which would squeeze the profit margins on S&P's softer data products that came from IHS Markit.

Why
01
AI pressure: AlphaSense and other AI-native research tools. AI tools that summarize filings and calls in seconds threaten to shrink demand for Capital IQ's manual research workflow. Could AI do the core job? Only partly.
02
Bigger players: Bloomberg. Bloomberg holds over 30% of the financial data terminal market and is adding its own AI features on top of that lead. Could a giant copy it? No, they are blocked.
03
What protects it. Ratings and Indices businesses sit behind regulatory licenses and are woven into client workflows, hard for any AI tool to replace.
What would change this call
S&P Global Market Intelligence subscription growth rate in Q2 2026 and full-year 2026 guidance. Whether the +6.6% 2025 growth pace holds or stalls, indicating AI-native rivals gaining share.
Mobility Global (MBGL) first two standalone quarterly earnings reports post spinoff. Whether CARFAX/Polk data business can execute without S&P Global's operational support.
AlphaSense or similar AI-native tools announcing enterprise contract wins against Capital IQ. Whether AI research-compression tools are displacing S&P's workflow lock-in.
Key numbers
  • IHS Markit merged into S&P Global, ceased as legal entity (2022-02-28)
  • Market Intelligence unit made $4.92B, 37% of SPGI revenue (2025-12-31)
  • Market Intelligence subscription revenue grew 6.6% (2025-12-31)
Named risks
  • AI compression of Market Intelligence research workflow, the ex-IHS Markit segment flagged as weakest moat. Severity: high
  • Mobility Global Inc executing standalone as a brand-new public company only weeks post spinoff. Severity: medium
  • AI-native entrants like AlphaSense narrowing Capital IQ competitive gap. Severity: medium
  • Frontier LLM providers licensing comparable data directly, commoditizing AI Data Portal advantage. Severity: medium
  • Integration risk from recent acquisitions (With Intelligence, Drift AI, ProntoNLP) into Capital IQ Pro. Severity: low
Rivals, as read in July 2026
RivalDirectionEvidence
BloombergcontestingHolds ~30%+ terminal market share, called 800-pound gorilla as of 2025-04-07, stable coexistence
AlphaSensegaining onAI-native entrant pressuring Market Intelligence workflow moat, flagged 2026-02-27 analysis
FactSetcontestingNamed peer to S&P Global Market Intelligence in 2026 competitor analyses
LSEG (Refinitiv/Eikon)contestingListed as direct competitor to former IHS Markit financial data products
Moody's AnalyticscontestingNamed among data-aggregation peers facing shared AI disruption fears per Morgan Stanley note
Questions people ask
Does IHS Markit still exist as a company?
No. IHS Markit dissolved as a standalone legal entity on February 28, 2022 when it merged into S&P Global in an all-stock deal, creating a combined company valued around $140 billion on completion. Its brands now live inside S&P Global's Market Intelligence, Indices, and former Mobility divisions.
Who owns IHS Markit now?
S&P Global Inc. (NYSE: SPGI) owns the former IHS Markit assets after completing their merger on February 28, 2022. IHS Markit shareholders received 0.2838 S&P Global shares for each IHS Markit share they held.
Could AI replace IHS Markit's old Capital IQ style research tools?
Analysts flagged Market Intelligence, home to most legacy IHS Markit financial data, as S&P Global's weakest and fastest-eroding moat as of February 27, 2026, since Bloomberg has comparable data breadth and AI-native tools like AlphaSense can approximate research workflows.
Is the Market Intelligence segment that absorbed IHS Markit growing?
Yes. Market Intelligence, holding most legacy IHS Markit assets, generated about $4.92 billion in FY2025 revenue, 37% of S&P Global's total, with subscription revenue up 6.6% year over year per the Q4 2025 earnings call (2026-02-10).
What happened to IHS Markit's automotive data business?
It became S&P Global Mobility, then spun off as an independent public company, Mobility Global Inc. (NYSE: MBGL), effective July 1, 2026, carrying CARFAX, Polk, and automotiveMastermind data assets with S&P Global still providing transition services.
Is Bloomberg IHS Markit's biggest competitor now?
For its financial-data heir, S&P Global Market Intelligence, yes. Bloomberg Terminal held roughly 30%+ of the terminal market and is called the 800-pound gorilla in an April 7, 2025 industry comparison, though coexistence has stayed stable.
Timeline
  • 2026-07-21S&P Global launches Adaptive Retrieval and AI Data Portal for agentic data access
  • 2026-07-06Market Intelligence restructured into Kensho Data & Platforms and Enterprise Solutions
  • 2026-07-01Mobility Global Inc (NYSE: MBGL) completes spinoff from S&P Global
  • 2026-03S&P Global acquires Drift AI, integrating AI Excel plugin into Capital IQ Pro
  • 2026-02-03S&P Global rebrands Mobility division as Mobility Global ahead of spinoff
  • 2025S&P Global acquires ProntoNLP for sentiment analysis capability
  • 2024-06-28IHS Markit index entities formally renamed to S&P Dow Jones Indices
  • 2022-02-28IHS Markit merges into S&P Global, dissolving as standalone legal entity
Revision history
21 July 2026
First assessed. Defensible for now. The text above is fixed as of this date and is not edited afterwards.
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