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

2026 vs 2025  ·  SEC EDGAR  ·  2026-05-22
Other years: 2025 vs 2024 · 2024 vs 2023
⚠ 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's risk factor disclosures shifted focus from generalized AI and climate risks to more concrete operational concerns, with the company removing broad technology and climate transition risks while adding specific risks around IP disputes and its planned Mobility business separation. The substantive modifications to 17 existing risks - particularly heightened disclosures on litigation exposure and cybersecurity threats - indicate the company is refining its risk articulation to address more immediate and material business challenges rather than broad emerging trends.

✓ 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.

3
New Risks
2
Removed
12
Modified
17
Unchanged
🟢 New in Current Filing

We have been, and may in the future be, subject to intellectual property disputes, which are costly to defend and could harm our business and operating results.

Our success depends, in part, on our ability to operate our business without infringing, misappropriating or otherwise violating third-party intellectual property rights. We have been, and may in the future be, subject to claims and litigation alleging that we or our products or…

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Our success depends, in part, on our ability to operate our business without infringing, misappropriating or otherwise violating third-party intellectual property rights. We have been, and may in the future be, subject to claims and litigation alleging that we or our products or services infringe, misappropriate or otherwise violate others’ intellectual property rights, including the trademarks, copyrights, patents and other intellectual property rights of third parties, including from our competitors or nonpracticing entities. We may also learn of possible infringement, misappropriation or other violation of our trademarks, copyrights, patents and other intellectual property. Patent and other intellectual property litigation may be protracted and expensive, and the results are difficult to predict and may result in significant settlement costs or payment of substantial damages. Furthermore, a successful claimant could secure a judgment that requires us to stop offering some products or services or prevents us from conducting our business as we have historically done or may desire to do in the future. We might also be required to seek a license and pay royalties for the use of such intellectual property, which may not be available on commercially acceptable terms, or at all. Alternatively, we may be required to modify our products and services, which could require significant effort and expense and may ultimately not be successful.

🟢 New in Current Filing The planned separation of our Mobility business into an independent, publicly traded company is contingent upon the satisfaction of a number of conditions, may not be completed on the currently contemplated timeline, or at all, and may not achieve the intended benefits. 🔒
🟢 New in Current Filing Sustainability and energy expansion matters pose operational, commercial and regulatory risks. 🔒
🔴 No Match in Current Filing Social, ethical and operational 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. 🔒
🔴 No Match in Current Filing Climate change and the transition to renewable energy and a net zero economy pose operational, commercial and regulatory risks. 🔒
🟡 Modified Exposure to litigation and government and regulatory proceedings, investigations and inquiries could have a material adverse effect on our business, financial condition or results of operations. 🔒
🟡 Modified Our size, scale and role in the global markets increases our exposure to 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 reputation, credibility, and brand are key assets and competitive advantages of our Company and our business, financial condition or results of operations could be materially and adversely affected if we are negatively perceived in the marketplace. 🔒
🟡 Modified Our operations and infrastructure may malfunction or fail, which could have a material adverse effect on our business, financial condition or results of operations. 🔒
🟡 Modified Our expansion into and investments in new and growing markets may not be successful, which could adversely impact our business, financial condition and results of operations. 🔒
🟡 Modified We rely heavily on network systems and the Internet and any failures or disruptions may adversely affect our ability to serve our customers. 🔒
🟡 Modified Our Indices and Energy 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. 🔒
🟡 Modified We rely on the products and services of other suppliers, including certain data, software and service suppliers, for many aspects of our business. From time to time, we lose key outside suppliers of data, products, and services or the data, products, or services of these suppliers have errors or are delayed, resulting in a disruption or inability to provide our clients with the information, products or services they desire. 🔒
🟡 Modified Changes and increased enforcement in the global privacy, data localization, operational resilience, 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, require us to disclose information about our security environment, and could have a material adverse effect on our business, financial condition or results of operations. 🔒
🟡 Modified Artificial Intelligence ("AI") presents new and evolving risks, and our approach to AI may not be successful, which could materially and adversely affect our business, financial condition or results of operations. 🔒
🟡 Modified Our inability to adequately obtain, protect and maintain our intellectual property and other proprietary rights could impact our competitive position. 🔒
🟡 Modified Our inability to innovate and compete with new or enhanced products and services of our competitors could have a material adverse effect on our business, financial condition or results of operations. 🔒
16 more changes in this filing

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