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IHS Markit Ltd.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2021 10-K, filed Jan 24, 2022. Its latest SEC filing is a SC 13G/A from Mar 11, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Provides data, analytics and software to business, financial-market and government customers across finance, transportation, resources and other industries.

How Did They Make Money?

Customers pay fixed fees for subscriptions to information products and software maintenance, usually annually or more often in advance; variable fees are usually paid monthly and depend on trades processed, assets managed or positions valued. Other sales include consulting, services, single-document products, perpetual licenses, conferences and advertising.

revenue

Who Were Their Customers?

Financial-market customers receive information through direct and third-party channels; automotive customers include carmakers, suppliers, dealers, insurers and consumers. Government agencies also buy the company’s products.

Did Revenues Turn Into Profits?

Yes. It kept 26 cents of every revenue dollar as net income in .

Operating income,
34% of revenue
▲ +36% vs ($1.2B, 27%)
Net income,
26% of revenue
▲ +39% vs ($870.7M, 20%)

How Were They Changing?

Since the FY2021 annual report
  • Feb 28, 2022 IHS Markit became a wholly owned subsidiary of S&P Global

Grew. Revenue grew 29% in 4 years, from $3.6B in to $4.7B in , about 7% a year.

TMT offerings were divested The older report includes Technology, Media & Telecom within Consolidated Markets & Solutions; the latest says its TMT benchmarking offerings were divested.

Trade processing moved to a joint venture The older report lists processing among Financial Services products; the latest says IHS Markit contributed its MarkitSERV derivatives-processing business to a joint venture with CME Group.

Revenue over time
Recurring Fixed Revenue Recurring Variable Revenue Non-recurring Revenue
$5B$2.5B$0

Who Did They Compete With?

Competes with Bloomberg, FactSet, IntercontinentalExchange, MSCI, London Stock Exchange Group, Nasdaq, FIS, BlackRock, SS&C, State Street, Charles River, Dealogic, Allvue, Experian, LMC Automotive, Urban Science, Auto Alert, cars.com, Cox Enterprises, and CarGurus

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