S&P Global Inc.: 10-K Risk Factor Changes

2024 vs 2023  ·  SEC EDGAR  ·  2026-05-22
Other years: 2026 vs 2025 · 2025 vs 2024
⚠ AI-Generated

The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.

S&P Global removed two legacy risks - one addressing post-Brexit regulatory impacts and another concerning IHS Markit integration challenges - reflecting the completion of that merger and changed geopolitical circumstances. The company added two forward-looking risks centered on artificial intelligence implementation and regulatory evolution in its Indices and Commodity Insights divisions, signaling heightened focus on emerging technology execution and regulatory compliance in these high-growth segments. Among 12 substantively modified risks, competitive positioning, talent retention, and data privacy regulations received updated emphasis, indicating intensifying market pressures and evolving compliance obligations across core business areas.

✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

2
New Risks
2
Removed
12
Modified
18
Unchanged
🟢 New in Current Filing Our approach to AI may not be successful, which could materially and adversely affect our business, financial condition or results of operations. 🔒
🟢 New in Current Filing Our Indices and Commodity Insights businesses are subject to a global evolving regulatory landscape, which has and may continue to cause increased operating obligations, exposure, compliance risk and costs of doing business, and could have a material adverse effect on our business, financial condition or results of operations. 🔒
🔴 No Match in Current Filing Regulatory changes and economic conditions relating to the U.K.’s withdrawal from the EU could have a material adverse effect on our business, financial condition and results of operations. 🔒
🔴 No Match in Current Filing The process of integrating the businesses of S&P Global and IHS Markit following the Merger involves significant costs, resources and challenges, which may materially adversely impact the anticipated synergies of the Merger and our business, financial condition and results of operations. 🔒
🟡 Modified The markets in which we operate are intensely competitive, and our inability to successfully compete could materially adversely affect our business, financial condition and results of operations. 🔒
🟡 Modified Inability to attract and retain key qualified personnel could have a material adverse effect on our business and results of operations. 🔒
🟡 Modified Changes in the global privacy, data localization and data protection legislative, regulatory, and commercial environments in which we operate may materially and adversely impact our ability to collect, compile, use, and publish data and may impact our financial results. 🔒
🟡 Modified Exposure to litigation and government and regulatory proceedings, investigations and inquiries (including market studies) could have a material adverse effect on our business, financial condition or results of operations. 🔒
🟡 Modified A significant increase in operating costs and expenses could have a material adverse effect on our profitability. 🔒
🟡 Modified Our reputation, credibility, and brand are key assets and competitive advantages of our Company and our business may be affected by how we are perceived in the marketplace. 🔒
🟡 Modified We may become subject to liability or face reputational harm based on the use of our products by our clients. 🔒
🟡 Modified Our size, scale and role in the global markets increases our risk for cyber attacks and other cyber-security risks. Our information systems and networks and those of our third-party service providers are exposed to risks related to cybersecurity and protection of confidential information, including material non-public information, which could have a material adverse effect on our business, financial condition or results of operations. 🔒
🟡 Modified Our acquisitions, divestitures and other strategic transactions may not produce anticipated results, which could have a material adverse effect on our business, financial condition or results of operations. 🔒
🟡 Modified Public health crises may have a material adverse effect on our business, financial condition or results of operations. 🔒
🟡 Modified Increasing regulation of our Ratings business in the U.S., Europe and elsewhere can increase our costs of doing business and therefore could have a material adverse effect on our business, financial condition or results of operations. 🔒
🟡 Modified Social and ethical issues relating to the use of new and evolving technologies, such as AI, in our offerings could materially and adversely affect our business, financial condition or results of operations. 🔒
16 changes in this historical filing

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