S&P Global

For the educational publishing company, see McGraw-Hill Education. For other uses, see McGraw-Hill (disambiguation).
S&P Global Inc.
Traded as NYSE: SPGI
S&P 500 Component
Industry Financial services
Founded 1917
Founders James H. McGraw
John A. Hill
Headquarters 55 Water Street
New York City, U.S.[1]
Area served
Key people
Douglas L. Peterson
(President and CEO)
Products Financial information and analytics
Revenue Increase US$ 4.9 billion (2013)[2]
Increase US$ 1.4 billion (2013)[2]
Increase US$ 1.5 billion (2013)[2]
Total assets Decrease US$ 2.9 billion (2013)[2]
Total equity Increase US$ 1.3 billion (2013)[2]
Number of employees
17,000 (May, 2013)[3]
Subsidiaries Standard & Poor's
S&P Global Platts
S&P Dow Jones Indices
S&P Global Market Intelligence[3]
Website www.spglobal.com

S&P Global Inc. (prior to April 2016 McGraw Hill Financial, Inc., and prior to 2013 McGraw Hill Companies) is an American publicly traded corporation headquartered in New York City. Its primary areas of business are financial information and analytics. It is the parent company of Standard & Poor's, S&P Global Market Intelligence, and S&P Global Platts, and is the majority owner of the S&P Dow Jones Indices joint venture.

Corporate history

The predecessor companies of S&P Global have history dating to 1888, when James H. McGraw purchased the American Journal of Railway Appliances. He continued to add further publications, eventually establishing The McGraw Publishing Company in 1899. John A. Hill had also produced several technical and trade publications and in 1902 formed his own business, The Hill Publishing Company. In 1909 both men, having known each other's interests, agreed upon an alliance and combined the book departments of their publishing companies into The McGraw-Hill Book Company. John Hill served as President, with James McGraw as Vice-President. In 1917, the remaining parts of each business were merged into The McGraw-Hill Publishing Company[4] In 1986, McGraw-Hill bought out competitor The Economy Company, then the United States' largest publisher of educational material. The buyout made McGraw-Hill the largest educational publisher in the United States.[5]

In 1964, After Hill died, Merged both McGraw-Hill Publishing Company and McGraw-Hill Book Company into McGraw-Hill, Inc.

In 1979, McGraw-Hill purchased Byte magazine from its owner/publisher Virginia Williamson who then became a vice-president of McGraw-Hill.

In 1995, McGraw-Hill, Inc. became The McGraw-Hill Companies, Inc. as part of a corporate rebranding.[6]

In 2007, McGraw-Hill launched an online study network, GradeGuru.com, which gave McGraw-Hill an opportunity to connect directly with its end users, the students. The site closed on April 29, 2012.[7][8][9][10]

On October 3, 2011, McGraw-Hill announced it was selling its entire television station group to the E. W. Scripps Company for $212 million.[11] The sale was completed on December 30, 2011. It had been involved in broadcasting since 1972, when it purchased four television stations from a division of Time Inc.

McGraw Hill has produced the "Glencoe" series of books for decades.

On November 26, 2012, McGraw-Hill announced it was selling its entire education division to Apollo Global Management for $2.5 billion.[12] On March 22, 2013, it announced it had completed the sale and the proceeds were for $2.4 billion cash.[13] And name as McGraw-Hill Education.

On May 1, 2013, shareholders of McGraw-Hill voted to change the company's name to McGraw Hill Financial.[3]

McGraw-Hill divested the subsidiary McGraw-Hill Construction to Symphony Technology Group for US$320 million on September 22, 2014.[14] The sale included Engineering News-Record, Architectural Record, Dodge and Sweet's.[15] McGraw-Hill Construction has been renamed Dodge Data & Analytics.[16]

In February 2016, it was announced that McGraw-Hill Financial would change its name to S&P Global Inc. by the end of April 2016.[17] The company officially changed its name following a shareholder vote on April 27, 2016.[18]

In April 2016, the company announced it was selling J.D. Power & Associates to investment firm XIO Group for $1.1 billion.[19]

Corporate organization

S&P Global now organizes its businesses in four units based on the market in which they are involved.[20]

S&P Global Ratings

S&P Global Ratings provides independent investment research including ratings on various investment instruments.

S&P Global Market Intelligence

S&P Global Market Intelligence is a provider of multi-asset class and real-time data, research, and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations, and universities.

S&P Dow Jones Indices

Launched on July 2, 2012, S&P Dow Jones Indices is the world's largest global resource for index-based concepts, data, and research. It produces the S&P 500 and the Dow Jones Industrial Average.[21][22]

S&P Dow Jones Indices calculates over 830,000 indices, publishes benchmarks that provide the basis for 575 ETFs globally with $387 billion in assets invested, and serves as the DNA for $1.5 trillion of the world’s indexed assets.

S&P Global Platts

Headquartered in London, S&P Global Platts is a provider of information and a source of benchmark price assessments for the commodities, energy, petrochemicals, metals, and agriculture markets. It has offices in more than 15 cities, including major energy centres such as London, Dubai, Singapore, and Houston, and international business centres such as São Paulo, Shanghai, and New York City.

Presidents of the company


During the course of its history, McGraw Hill and from 2016 S&P Global has expanded significantly through acquisition, not just within the publishing industry but also into other areas such as financial services (the purchase of Standard & Poor's in 1966) and broadcasting (the 1972 acquisition of Time-Life Broadcasting). Please note that the publishing and education assets are a part of McGraw-Hill Education from the company separation in 2013.

Date of acquisition Asset acquired Industry
1920 Newton Falls Paper Company[23] -
1928 A.W. Shaw Company[23] Publisher of magazines and textbooks
1950s Gregg Company[23] Publisher of vocational textbooks
1953 Companies of Warren C. Platts, including Platts[23][24] Publisher of petroleum industry information
1961 F.W. Dodge Corporation[25] Publisher of construction industry information
1965 California Test Bureau[23] Developer of educational testing systems
1966 Standard & Poor's[25] Financial Services
1966 Shepard's Citations[26] Legal publisher
1968 National Radio Institute Correspondence School
1970 The Ryerson Press Educational and trade publishing
1972 Television Stations of Time Life Broadcasting[25] Broadcasting
1986 The Economy Company[5] Educational publishing
1988 Random House Schools and Colleges[27] Educational publishing
1996 Times Mirror Higher Education[28] Educational publishing
1997 Micropal Group Limited[29] Financial Services
1999 Appleton & Lange[30] Publisher of medical information
2000 Tribune Education, including NTC/Contemporary[31] Publisher of supplementary educational materials
2002 Open University Press University press - academic publications
2005 J.D. Power & Associates[32] Marketing information provider
2015 SNL Financial[33] Financial News

Note that this list only includes acquisitions made by McGraw-Hill, not its subsidiaries. McGraw-Hill typically does not release financial information regarding its acquisitions or divestitures.


After aquiring a portfolio of diverse companies, McGraw Hill later divested itself of many units to form McGraw Hill Financial which is now S&P Global.

Date of divestiture Asset relinquished Industry
2011 Television station group to the E. W. Scripps Company Broadcasting
2013 McGraw-Hill Education to Apollo Global Management Publishing
2014 McGraw-Hill Construction to Symphony Technology Group Publishing
2016 J.D. Power & Associates to XIO Group Marketing information provider

Note that this list only includes divestitures made by McGraw-Hill, not its subsidiaries.

Books published by McGraw-Hill

2008 conference booth

McGraw-Hill maintained a general publishing division for some years, whose best known book was the (unpublished) Autobiography of Howard Hughes, a fake biography of Howard Hughes by Clifford Irving, which caused a scandal at the time.

The McGraw-Hill Building

1221 Avenue of the Americas, former McGraw-Hill headquarters

The company was based at 1221 Avenue of the Americas, otherwise known as the McGraw-Hill Building, until July 2015.[1]

The building in New York City has received prominent attention. In April 2008, surveillance camera footage was released of Nicholas White, a production manager for BusinessWeek (then published by McGraw-Hill) who was trapped in the building's elevator for 41 hours in October 1999.[34]

Connection to the family of George W. Bush

The McGraws and the George W. Bush/George H. W. Bush family have close ties dating back several generations. According to McGraw-Hill, Barbara Bush is a member of its advisory board.[35] The California Test Bureau division has provided testing material integral to No Child Left Behind, a George W. Bush initiative.[36]

McGraw-Hill Federal Credit Union

Established in 1935, the McGraw-Hill Federal Credit Union originally served employees of the McGraw-Hill companies in New York City only.[37] The credit union moved from its location inside the McGraw-Hill building to East Windsor, New Jersey, in 2005. Its accounts are insured by the National Credit Union Administration. It provides savings, checking accounts, CDs, money-market accounts, IRAs, credit cards, auto loans, and home mortgages.


In 1999, the National Building Museum presented the McGraw-Hill Companies with its annual Honor Award for the corporation's contributions to the built environment.[38]


  1. 1 2 "McGraw Hill Moves Downtown, Says Goodbye to Namesake Building". The Wall Street Journal. Retrieved 14 July 2015.
  2. 1 2 3 4 5 "McGraw-Hill Cos.". Forbes.
  3. 1 2 3 "News Release - McGraw Hill Financial". Investor.mhfi.com. Retrieved 2013-10-30.
  4. "About Us: Corporate History: The Foundation". Retrieved May 26, 2007.
  5. 1 2 Tipton, David (1986-07-03). "McGraw Hill Buying The Economy Company". The Journal Record.
  6. "About Us: Corporate History: The Information Age". Retrieved May 26, 2007.
  7. Nick DeSantis (April 6, 2012). "Social-studying network to close". Chronicle of Higher Education.
  8. Himeles, Sara. "Note-sharing site lets students cash in on class notes". Retrieved January 20, 2009.
  9. Sharon. "GradeGuru – notes sharing by students, for students". Retrieved May 9, 2008.
  10. Fabel, Leah. "Growing number of Web sites offer students money for class notes". Retrieved February 5, 2009.
  11. "McGraw-Hill Sells TV Group To Scripps", TVNewsCheck, October 3, 2011.
  12. , "New York Times", November 26, 2012.
  13. "News Release - McGraw Hill Financial". Investor.mhfi.com. Retrieved 2013-10-30.
  14. Staley, Eddie (September 22, 2014). "McGraw Hill Financial To Sell McGraw Hill Construction To Symphony Technology Group For $320M In Cash". Benzinga. Retrieved April 30, 2015.
  15. McGraw Hill Sells ENR and Construction Group to Equity Investor
  16. Maidenberg, Micah (December 14, 2014). "Best year since 2008 for construction industry". Crain's Chicago Business. Dodge Data & Analytics, a data provider formerly known as McGraw-Hill Construction
  17. "McGraw Hill Financial to be renamed 'S&P Global'". fastFT. The Financial Times. February 4, 2016. Retrieved April 26, 2016.
  18. "McGraw Hill Financial Changes Name to S&P Global Inc.". April 27, 2016. Retrieved May 12, 2016.
  19. Beckerman, Josh (April 15, 2016). "McGraw Hill Financial to Sell J.D. Power for $1.1 Billion". The Wall Street Journal. Retrieved April 26, 2016.
  20. "News Release - McGraw Hill Financial". Investor.mhfi.com. Retrieved 2013-10-30.
  21. "S&P Dow Jones Indices Wins Intellectual Property Dispute". PRNewswire. May 13, 2013. Retrieved 2013-10-30.
  22. Leising, Matthew (Jul 2, 2012). "McGraw-Hill, CME Group Start S&P Dow Jones Indices Venture". Bloomberg. Retrieved 6 December 2013.
  23. 1 2 3 4 5 "About Us: Corporate History: Development". Retrieved May 26, 2007.
  24. "Platts History". Archived from the original on May 2, 2007. Retrieved May 26, 2007.
  25. 1 2 3 "About Us: Corporate History: Expansion". Retrieved May 26, 2007.
  26. "The McGraw-Hill Companies Timeline". Retrieved 2014-08-23.
  27. Edwin McDowell (September 29, 1988). "McGraw-Hill Is Buying 2 Random House Units". The New York Times.
  28. Iver Peterson (July 4, 1996). "Times Mirror in Two Deals To Bolster Legal Publisher". The New York Times. Retrieved September 1, 2009.
  29. "The McGraw-Hill Companies to Acquire Micropal". Retrieved May 26, 2007.
  30. "The McGraw-Hill Companies Completes Acquisition of Appleton & Lange". Retrieved May 26, 2007.
  31. "The McGraw-Hill Companies To Acquire Tribune Education; Acquisition Strengthens McGraw-Hill Education's Leadership Position". Retrieved May 26, 2007.
  32. "The McGraw-Hill Companies Completes Acquisition of J.D. Power and Associates". Retrieved May 26, 2007.
  33. Monks, Matthew; Scully, Matt. "McGraw Hill Agrees to Buy SNL Financial for $2.23 Billion". Bloomberg.com. Retrieved 2016-01-06.
  34. Trapped in the elevator for 41 hours on YouTube
  35. "Barbara Bush". The Mcgraw-Hill Companies.
  36. "McGraw-Hill & Bush: The Graft and the Twig". School Matter. 4 August 2006.
  37. "McGraw-Hill Federal Credit Union - Home". McGraw-Hill Federal Credit Union. Retrieved 2013-10-30.
  38. "Honor Award". National Building Museum.
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