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Private company

IHS Markit

Logo: IHS Markit Ltd, Public domain, via Wikimedia Commons5

UK-based information company

IHS Markit (formely IHS Inc.) was an information services provider headquartered in London. It was formed in 2016 with the merger of IHS Inc. and Markit Ltd. In 2022, IHS Markit completed a merger with S&P Global, which purchased IHS for about $44 billion in 2020.3 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

$4.7BRevenue, fiscal 20216
$1.2BNet income, fiscal 20216
  • IndustryServices-Computer Programming, Data Processing, Etc.1
  • HeadquartersLondon, United Kingdom1
  • Incorporated inBermuda7
  • Business address4Th Floor, Ropemaker Place, 25 Ropemaker Street, London, X0 Ec2Y 9Ly7
  • Filer categoryLarge accelerated filer7
  • Legal formPrivate Unlimited4
  • LEI2138005LTLTVZ4WMEX254
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address4th Floor, EC2Y 9LY London, United Kingdom4
  • Registered withCompanies House, 062407734

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IHS Markit (formely IHS Inc.) was an information services provider headquartered in London. It was formed in 2016 with the merger of IHS Inc. and Markit Ltd. In 2022, IHS Markit completed a merger with S&P Global, which purchased IHS for about $44 billion in 2020.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

33.5%Operating margin6
25.9%Net margin6
8.6%Revenue growth, 20216
12.7%Return on equity6
0.49×Debt to equity6
$1.2BFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue37¢$1.7B
  • Selling, general and admin25¢$1.2B
  • Other costs4¢$206.5M
  • Interest5¢$220.2M
  • Income tax3¢$135.3M
  • Profit26¢$1.2B

Out of $4.7B in revenue.6

Where each dollar of operating cash went, fiscal 2021

  • Capital spending20¢$294.3M
  • Dividends paid21¢$318.6M
  • Kept or used elsewhere59¢$873.3M

Out of $1.5B of cash from operations.6

Financial statements

Revenue9101112136$4.7B in 2021+124% since 2014
0$2.0B$4.0B$6.0B2014: $2.1B$2.1B20142015: $2.2B$2.2B2015+5%2016: $2.7B$2.7B2016+25%2017: $3.6B$3.6B2017+32%2018: $4.0B$4.0B2018+11%2019: $4.4B$4.4B2019+10%2020: $4.3B$4.3B2020−3%2021: $4.7B$4.7B2021+9%
Operating income9101112136$1.6B in 2021+463% since 2014
0$500.0M$1.0B$1.5B$2.0B2014: $277.5M$277.5M20142015: $307.8M$307.8M2015+11%2016: $260.4M$260.4M2016−15%2017: $531.1M$531.1M2017+104%2018: $641.3M$641.3M2018+21%2019: $1.0B$1.0B2019+56%2020: $1.2B$1.2B2020+15%2021: $1.6B$1.6B2021+36%
Net income9101112136$1.2B in 2021+520% since 2014
0$500.0M$1.0B$1.5B2014: $194.5M$194.5M20142015: $240.2M$240.2M2015+23%2016: $152.8M$152.8M2016−36%2017: $416.9M$416.9M2017+173%2018: $542.3M$542.3M2018+30%2019: $502.7M$502.7M2019−7%2020: $870.7M$870.7M2020+73%2021: $1.2B$1.2B2021+39%
Fiscal year20142015201620172018201920202021
Revenue$2.1B9$2.2B10$2.7B11$3.6B12$4.0B13$4.4B6$4.3B6$4.7B6
Cost of revenue$815.2M9$819.2M10$1.0B11$1.3B12$1.5B13$1.7B6$1.6B6$1.7B6
Selling, general and admin$789.8M9$795.3M10$907.1M11$1.1B12$1.2B13$1.2B6$1.1B6$1.2B6
Operating expenses$3.1B6
Operating income$277.5M9$307.8M10$260.4M11$531.1M12$641.3M13$1.0B6$1.2B6$1.6B6
Interest$55.4M9$70.9M10$119.4M11$154.3M12$225.7M13$259.7M6$236.6M6$220.2M6
Income before tax$1.3B6
Income tax$45.1M9$48.9M10-$5.1M11-$49.9M12-$115.4M13$242.6M6$13.3M6$135.3M6
Net income$194.5M9$240.2M10$152.8M11$416.9M12$542.3M13$502.7M6$870.7M6$1.2B6
Earnings per share$0.809$0.9910$0.4911$1.0412$1.3813$1.266$2.196$3.036
Earnings per share (diluted)$0.799$0.9710$0.4811$1.0012$1.3313$1.236$2.176$3.016
Shares (weighted, basic)398.6M shares6
Shares (weighted, diluted)401.3M shares6

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Corporate structure

IHS Markit is part of a group headed by S&P Global. 341 entities, 46 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of IHS Markit

  • BlackRock Filed SC 13G/A on IHS Markit, latest Mar 11, 2022 (2 filings since Feb 8, 2022)
  • VANGUARD GROUP INC Filed SC 13G/A on IHS Markit, latest Feb 10, 2022
  • S&P Global New York, New York, United States
    • CRISIL Mumbai, India
      • COALITION DEVELOPMENT LIMITED Subsidiary · London, United Kingdom
      • CRISIL RATINGS LIMITED Subsidiary · Mumbai, India
    • IHS Markit London, United Kingdom
      • Economics & Country Risk Subsidiary
      • IHS Markit Energy & Natural Resources Subsidiary
      • IHS MARKIT EQUITY INVESTMENTS LIMITED Subsidiary · London, United Kingdom
    • CTB/McGraw-Hill Subsidiary
    • Data Resources Inc. Subsidiary · Philadelphia
    • J. D. Power and Associates Subsidiary · Westlake Village
    • McGraw-Hill Education Subsidiary · New York, New York, United States
    • National Radio Institute Subsidiary · Washington, D.C.
    • S&P Capital IQ Subsidiary · New York City
    • S&P Global Ratings Subsidiary · New York City
    • Agra CEAS Consulting Bureau Européen de Recherches S.A Subsidiary · Belgium
    • Agra Ceas Consulting Limited Subsidiary · United Kingdom
    • AMM Holding Corp. Subsidiary · Delaware, United States
    • ARC Research Limited Subsidiary · Guernsey
    • BBHCP CTI Holdco, LLC Subsidiary · Delaware, United States
    • BRC Ratings - S&P Global S.A. Sociedad Calificadora de Valores Subsidiary · Colombia
    • Bridge to India Energy Private Limited Subsidiary · India
    • BSE INDEX SERVICES PRIVATE LIMITED Subsidiary · Mumbai, India
    • Cappitech Regulation Ltd Subsidiary · Israel
    • Captec Systems Limited Subsidiary · United Kingdom
    • Carfax Admin LLC Subsidiary · Delaware, United States
    • Carfax Advisory Services LLC Subsidiary · Delaware, United States
    • Carfax Canada ULC Subsidiary · Canada
    • Carfax Europe GmbH Subsidiary · Germany
    • CARFAX HISTORIAL DE VEHICULOS SL Subsidiary · Spain
    • Carfax Italia S.R.L. Subsidiary · Italy
    • and 300 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What IHS Markit reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.9B6 Nov 30, 2021$1.8B6 Nov 30, 2020+3.8%
Accumulated depreciation$1.2B6 Nov 30, 2021$1.1B6 Nov 30, 2020+8.0%
Property and equipment, net$706.5M6 Nov 30, 2021$724.8M6 Nov 30, 2020−2.5%
Operating-lease assets (leased space)$250.1M6 Nov 30, 2021$296.8M6 Nov 30, 2020−15.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$293.1M6 Nov 30, 2021$125.6M6 Nov 30, 2020+133.4%
Stakes in other companies (equity method)$1.6B6 Nov 30, 2021$20.3M6 Nov 30, 2020+7844.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$9.4B6 Nov 30, 2021$9.9B6 Nov 30, 2020−5.3%
Intangible assets, net (excluding goodwill)$3.0B6 Nov 30, 2021$3.8B6 Nov 30, 2020−21.4%
Accumulated amortization$1.9B6 Nov 30, 2021$1.8B6 Nov 30, 2020+5.8%

The story

IHS

Information Handling Services (IHS) was founded in 1959, in Denver, Colorado, as Information Handling Services to provide information for aerospace engineers through microfilm databases.

IHS subsequently grew to incorporate other companies in the information services sector such as Cambridge Energy Research Associates, Global Insight, Jane's Information Group, Prime Publications Limited, and John S. Herold, Inc.

In 2008, IHS acquired Fairplay, a firm that assigns IMO identification numbers for ships, companies and registered owners.

In 2016, Englewood, Colorado-based IHS and London-based Markit merged. Jerre Stead was chief executive of the pre-merger IHS Inc. from 2006 to 2013 and from 2015 until the merger with Markit.

Markit

Markit was founded in 2003 as Mark-it Partners, a financial data provider for daily credit default swap pricing. The company grew via joint ventures and by acquiring other companies,, including iBoxx, which offers bond market indices. Markit merged with IHS in 2016.

S&P Global

On 30 November 2020, S&P Global and IHS Markit released information about a definitive all-stock deal for around $44 billion (including $4.8 billion of net debt), a deal that would be the largest of the year globally, according to Dealogic data. On September 9, 2021, GlobalData announced its purchase of the Pricing and Reimbursement dataset from IHS Markit. In December 2021, the IHS Markit announced its intention to sell Base Chemicals to News Corp for a reported $295 million as part of an effort to alleviate concerns about competitive effects. The purchase by S&P Global was finalized on 28 February 2022, combining two of Wall Street's largest data providers.

From Wikipedia’s article on IHS Markit, shared under CC BY-SA 4.0.8

Leadership

Who has led IHS Markit, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jerre L. Stead2016–2018
  2. Lance Uggla2018–2022

Chair

  1. Jerre L. Stead2016–2018
  2. Lance Uggla2018–2022

President

  1. Lance Uggla2016–2017

Chief financial officer

  1. Todd S. Hyatt2016–2019
  2. Jonathan Gear2020–2022
20202025
Board members and other officers (30)

Subsidiaries and ownership

Parent company

Subsidiaries

  • Economics & Country Risk
  • IHS (Australia)
  • IHS Markit Energy & Natural Resources

From Wikidata.1

Acquisitions

  1. 2007Acquired Janes1

10 October 1996: IHS Group purchased oil exploration company Petroconsultants following the death of its founder and president Harry Wassall in November 1995. This acquisition was later followed in January 1998 by the IHS Group acquiring the North American oil exploration company Petroleum Information / Dwights LLC.

November 2007: Markit purchased International Index Company, owners of iBoxx bond indexes and iTraxx credit derivative indexes.

18 September 2008: IHS Inc. agreed to purchase the economics forecasting organization Global Insight for $200 million.

10 June 2013: R.L. Polk & Company, a provider of auto-industry data including used-car history company Carfax, Inc., for $1.4 billion.

Read the full text

26 September 2017: automotiveMastermind Inc., a provider of predictive analytics and marketing automation for the automotive industry.

26 September 2017: Macroeconomic Advisers, an independent research firm forecasting the US economy.

3 August 2018: Ipreo, software solutions and data provider in global capital markets.

10 October 2019: Novation Analytics, a specialist provider of software solutions, data analysis and advisory services.

2019: Acquired Informa's Agriculture Intelligence in exchange for most of IHS Markit's Technology, Media and Telecoms division (including Screen Digest).

1 May 2020: Catena Technologies Pte Ltd, a global regulatory trade reporting firm based in Singapore.

From Wikipedia’s article on IHS Markit, shared under CC BY-SA 4.0.8

Former names

  • Markit Ltd.Jan 27, 2014 to Jul 11, 20167

Timeline

  1. Dec 30, 2022Parent Directly consolidated by S&P Global4
  2. Feb 28, 2022Dissolved Dissolved1
  3. Feb 28, 20228-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer48
  4. Feb 25, 20228-K Other events49
  5. Feb 2, 20228-K Executive or director change50
  6. Jan 21, 20228-K Results of operations; Regulation FD disclosure51
  7. Dec 27, 20218-K Other events52
  8. Dec 27, 20218-K Executive or director change53
  9. Dec 1, 20218-K Entered a material agreement; Change to shareholders' rights54
  10. Nov 29, 20218-K Other events55
  11. Nov 17, 20218-K Other events56
  12. Oct 22, 20218-K Other events57
  13. Jan 3, 2018New chief executive Lance Uggla becomes CEO14
  14. Jul 14, 2016New chief executive Jerre L. Stead becomes CEO15
  15. May 9, 2007Founded IHS Markit is founded4

Calendar

When it reported results

  1. Jan 21, 2022Reported quarterly or annual results51

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

56 filings to the SEC since October 2021: 1 annual reports, 10 major events, 36 insider forms, 3 large holders, 6 other. The latest 20:

  1. Mar 11, 2022SC 13G/A EDGAR
  2. Mar 10, 202215-12B EDGAR
  3. Mar 2, 20224 EDGAR
  4. Mar 2, 20224 EDGAR
  5. Mar 2, 20224 EDGAR
  6. Mar 2, 20224 EDGAR
  7. Mar 2, 20224 EDGAR
  8. Mar 2, 20224 EDGAR
  9. Mar 2, 20224 EDGAR
  10. Mar 2, 20224 EDGAR
  11. Mar 2, 20224 EDGAR
  12. Mar 2, 20224 EDGAR
  13. Mar 2, 20224 EDGAR
  14. Mar 2, 20224 EDGAR
  15. Mar 2, 20224 EDGAR
  16. Mar 2, 20224 EDGAR
  17. Mar 2, 20224 EDGAR
  18. Mar 2, 20224 EDGAR
  19. Mar 2, 20224 EDGAR
  20. Mar 2, 20224 EDGAR

The 56 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 2, 2022Easton Michael MChief Accounting OfficerSale5,632$118.08$665.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How IHS Markit is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARIHS Markit Ltd.2
  • CIK0001598014
  • Filer statusLarge accelerated filer2
  • Incorporated inBermuda2
  • Fiscal year endsNovember 302
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.2
  • Business address4Th Floor, Ropemaker Place, 25 Ropemaker Street, London, X0 EC2Y 9LY2
  • Phone44 20 7260 20002
  • Shares outstanding399,080,370 as of Dec 31, 20216
  • Public float$34.9B as of May 31, 20216
  • On EDGAR sinceJan 27, 20142
  • Filings831 in all: 4 (417), 8-K (111), 425 (49), 3 (32), DEFA14A (28), 6-K (27), SC 13G/A (25), IRANNOTICE (20)2
    All 49 form types

    10-Q (16), 4/A (12), SC 13G (11), 10-K (6), 424B5 (6), CORRESP (5), DEF 14A (4), F-1/A (4), UPLOAD (4), 3/A (3), EFFECT (3), FWP (3), S-8 (3), S-8 POS (3), SC 13D/A (3), 20-F (2), 424B4 (2), 5 (2), 8-A12B (2), DRS/A (2), DRSLTR (2), F-1 (2), F-1MEF (2), PRE 14A (2), SC 13D (2), 10-K/A (1), 15-12B (1), 25 (1), 25-NSE (1), 305B2 (1), 424B3 (1), 8-K/A (1), CERT (1), CERTNAS (1), CT ORDER (1), DEFM14A (1), DRS (1), F-4 (1), F-4/A (1), POSASR (1), S-3ASR (1)

  • Latest filingsAnnual report (10-K) Jan 24, 2022
    Quarterly report (10-Q) Sep 28, 2021
    Proxy statement (DEF 14A) Mar 25, 2021
    Latest 8-K (8-K) Feb 28, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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