v3.26.3
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Profitability and Reconciliation to Net Income
The following table presents operating revenues, Adjusted EBITDA expenses and segment profitability and a reconciliation to net income for the periods indicated:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2026202520262025
Operating revenues
Index$532.6 $451.1 $1,539.9 $1,307.7 
Analytics191.0 182.2 570.4 532.1 
Sustainability and Climate93.7 90.1 277.5 263.6 
Total reportable segment operating revenues
817.3 723.4 2,387.8 2,103.4 
All Other - Private Assets74.7 70.0 222.0 208.5 
Total operating revenues892.0 793.4 2,609.8 2,311.9 
Adjusted EBITDA expenses
Index120.2 100.9 354.5 315.7 
Analytics105.3 92.1 313.9 273.4 
Sustainability and Climate55.5 55.4 170.7 173.4 
Total reportable segment Adjusted EBITDA expense
281.0 248.4 839.1 762.5 
Adjusted EBITDA
Index Adjusted EBITDA412.4 350.2 1,185.4 992.0 
Analytics Adjusted EBITDA85.7 90.1 256.5 258.7 
Sustainability and Climate Adjusted EBITDA38.2 34.7 106.8 90.2 
Total reportable segment profitability536.3 475.0 1,548.7 1,340.9 
Plus:
All Other - Private Assets1
18.5 19.4 49.3 53.5 
Less:
Amortization of intangible assets45.2 41.0 130.9 128.6 
Depreciation and amortization of property, equipment and leasehold improvements6.5 5.8 18.6 15.9 
Acquisition-related integration and transaction costs2
1.0 — 2.0 — 
Operating income502.1 447.6 1,446.5 1,249.9 
Other expense (income), net74.2 51.1 212.1 144.5 
Income before provision for income taxes427.9 396.5 1,234.4 1,105.4 
Provision for income taxes76.9 71.2 135.4 187.8 
Net income$351.0 $325.3 $1,099.0 $917.6 
___________________________
1Revenue less segment expenses from segments below the segment reporting thresholds are attributable to Private Capital Solutions and Real Assets operating segments. Private Capital Solutions and Real Assets operating segments do not meet any of the segment reporting thresholds for determining reportable segments.
2Represents transaction expenses and other costs directly related to certain announced or completed acquisitions and the integration of such acquisitions, including professional fees, severance expenses and regulatory filing fees, in each case only to the extent incurred no later than 12 months following the closing of the relevant acquisition. Also includes amounts arising under earn-out and other contingent consideration arrangements related to such acquisitions, including gains and losses from changes in their estimated fair value, which are included for the contractual term of the applicable arrangement.
Schedule of Operating Revenues by Geographic Area
Operating revenues by geography are primarily based on the shipping address of the ultimate customer utilizing the product. The following table presents operating revenues by geographic area for the periods indicated:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2026202520262025
Operating revenues
Americas:
United States$356.0 $324.2 $1,040.1 $936.5 
Other39.7 34.8 115.7 105.1 
Total Americas395.7 359.0 1,155.8 1,041.6 
Europe, the Middle East and Africa (“EMEA”):
United Kingdom163.9 138.1 470.2 396.1 
Other197.4 175.4 581.3 515.8 
Total EMEA361.3 313.5 1,051.5 911.9 
Asia & Australia:
Japan36.8 32.6 109.3 94.8 
Other98.2 88.3 293.2 263.6 
Total Asia & Australia135.0 120.9 402.5 358.4 
Total$892.0 $793.4 $2,609.8 $2,311.9