Intercontinental Exchange has diversified its revenue streams through a series of acquisitions to build its position in mortgage technology and fixed-income data. Roughly half of ICE’s revenue is ...
S&P has been able to leverage its moat to obtain solid pricing power, typically around 3%-4% per year. In 2024, S&P's rack rate for corporate finance ratings was 7.90 basis points, compared with 6.25 ...