Will Free S&P Capital IQ Identifiers Elevate SPGI’s Edge in Financial Data Transparency?

• On September 11, 2025, S&P Global announced it has made S&P Capital IQ Identifiers freely available via the Data Unlocked (DUNL.org) portal, giving global users access to reference and master data on over 25 million companies with no login required and robust options for integration and interoperability.
• This move highlights how S&P Global is committing to open, transparent data sharing, potentially reshaping industry standards for financial information accessibility and customer engagement.
• We’ll examine how the launch of free, barrier-free S&P Capital IQ Identifiers may influence S&P Global’s broader investment narrative.

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What Is S&P Global's Investment Narrative?

Being a shareholder in S&P Global requires belief in the company’s enduring relevance as a pillar in capital markets data, analytics, and benchmarking, anchored by consistent dividends, disciplined share repurchase activity, and steady earnings growth. The just-announced move to make S&P Capital IQ Identifiers freely available signals a willingness to deepen its role in market infrastructure and expand reach, but it does invite questions about near-term monetization versus longer-term engagement. Short-term catalysts still focus on organic revenue growth and premium financial data offerings, but new risks include the possibility of free access disrupting pricing power and opening the door to competitive innovation. Extensive partnerships, investments in AI, and ongoing product launches help counterbalance these risks, while recent share performance and valuation metrics point to caution around high expectations. Analysts and prior guidance have not incorporated the possible impact of this open-data shift, meaning the risk profile could look different from what consensus currently reflects. But could this open-data announcement signal tougher competition for S&P Global’s valuable data products?

S&P Global's share price has been on the slide but might be dropping deeper into value territory. Find out whether it's a bargain at this price.

Exploring Other Perspectives

Investor fair value estimates from the Simply Wall St Community span US$287,000 to over US$621,000 across 21 entries. Some see extreme upside, others deep undervaluation, underscoring widely differing expectations now that S&P Global is testing the limits of open access. This range invites you to weigh how such diverse conviction might coexist with fresh risks and catalysts.

Explore 21 other fair value estimates on S&P Global - why the stock might be worth as much as 14% more than the current price!

Build Your Own S&P Global Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your S&P Global research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
• Our free S&P Global research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate S&P Global's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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