S&P Global LIMITED

S&P Global LIMITED, doing business as IHS Markit, a foreign-owned United Kingdom-registered subsidiary of S&P Global Inc., delivers subscription-based financial data, commodity market intelligence, regulatory analysis, and sector-specific research services to federal civilian agencies as a prime contractor (92% of recent awards). The vendor competes full-and-open with no set-aside designations and holds no awarded federal contract vehicle positions; work flows through firm-fixed-price purchase orders and delivery orders issued by customer agencies.

S&P Global's federal customer base concentrates heavily in financial regulation and energy policy analysis. The top five customer agencies by potential value account for 87% of combined award dollars, led by the Department of the Treasury Departmental Offices (7 awards, $9.4 million combined potential value) anchored by a $4.8 million sole-source definitive contract awarded December 2024 for S&P Markit Data subscription services supporting the Office of Financial Research and Financial Stability Oversight Council in analyzing credit chains and securities lending markets through transactional security lending data, CDS pricing data, and reference data. The Department of Energy's Office of Energy Policy and Systems Analysis holds a single-award indefinite-delivery contract valued at $2.03 million (ultimate completion September 2027) with five delivery orders issued as of October 2026, including a $382.6 thousand Year 1 subscription order, a $284.4 thousand Year 2 subscription order, and smaller orders for crude oil market analysis and S&P Global 451 Research services supporting defense policy analysis. The Department of the Treasury's Office of the Comptroller of the Currency ($1.2 million for credit default swaps data through March 2029), the Department of State's Bureau of Economic and Business Affairs ($1.1 million for commodity insights through September 2027), and the Securities and Exchange Commission ($714 thousand across three awards for pricing and reference data on leveraged loan facilities) round out the top-dollar customer set. By award count, the Smithsonian Institution ranks second with five low-value purchase orders ($90 thousand combined) for shipping data, and the Department of Agriculture's Economic Research Service holds three awards ($95 thousand combined) for food policy and agrochemical subscription services.

Activity has cycled irregularly — seven awards in 2022, two in 2023, seven in 2024, four in 2025, and five through October 2026 — with five awards (combined potential value $1.9 million) reaching ultimate completion inside the next twenty-four months and therefore exposed to recompete. The vendor operates as a subcontractor to Mantech Advanced Systems International on a Capital IQ and Panjiva software task order awarded October 2026, and to The Mitre Corporation on two 2024 systems engineering R&D modification actions for Department of Defense and multi-agency work. The broader award portfolio spans financial regulatory data (credit default swaps, CDS pricing, securities lending), energy market analysis (crude oil markets, commodity insights), agricultural policy intelligence, and utility regulatory monitoring across all 50 states and DC under a $467 thousand definitive contract with the General Services Administration Public Buildings Service (completion September 2031). The vendor's recent awards cluster in PSC codes for data analysis (Special Studies/Analysis–Data, 5 awards) and software services (IT and Telecom–Business Application Software, 3 awards) and span NAICS codes for software publishing, data processing, and web search portals.

SCI-reported federal service-contract invoicing shows $0 in FY2024 and FY2025, reflecting the vendor's model as a subscription data and analytics vendor selling through purchase orders and delivery orders rather than labor-hour service contracts. The dataset captures 4 SCI records (3 prime, 1 sub) with minimal FTE reporting (1.2 FTEs in FY2024, 0.0 in FY2025), indicating that SCI does not fully characterize the vendor's federal services footprint — most work flows through non-SCI contract mechanisms. The vendor does not report sub-engagement on its prime contracts, consistent with a direct-delivery subscription service model.