IHS Markit Posts 3% Increase in Financial Services Revenue in Q4 2021

IHS Markit, a world leader in critical information, analytics and solutions, reported results for the fourth quarter ended November 30, 2021.

Fourth Quarter 2021 Operating Performance

• ​Financial Services. Fourth quarter revenue for Financial Services increased $14 million, or 3 percent, to $473 million, and included 12 percent total organic growth. Fourth quarter Adjusted EBITDA for Financial Services increased $27 million, or 12 percent, to $251 million.

• ​Transportation. Fourth quarter revenue for Transportation increased $39 million, or 12 percent, to $351 million, and included 12 percent total organic growth. Fourth quarter Adjusted EBITDA for Transportation increased $19 million, or 13 percent, to $161 million.

• ​Resources. Fourth quarter revenue for Resources increased $5 million, or 2 percent, to $215 million, with a 2 percent total organic increase. Fourth quarter Adjusted EBITDA for Resources increased $6 million, or 7 percent, to $90 million.

• ​Consolidated Markets & Solutions (CMS). Fourth quarter revenue for CMS increased $11 million, or 9 percent, to $137 million, and included 10 percent total organic growth. Fourth quarter Adjusted EBITDA for CMS increased $7 million, or 24 percent, to $39 million.

"We had a great close to the year and had record organic revenue growth for both the quarter and the year. We entered FY22 with strong momentum across our businesses, which sets us up well for the year. As we continue to expect the merger with S&P Global to close in calendar Q1, I want to thank our colleagues, customers, and shareholders for their support over the years. I look forward to cheering for the combined IHS Markit and S&P Global in the years to come," said Lance Uggla, chairman and chief executive officer at IHS Markit.