S&P Global Mobility review: the automotive data business, now Mobility Global

By Jan Suski. I go deep on every review, checking every number against its source and digging up details other coverage misses, a habit from six years of SEO and link building for tech companies. Bylines at Surfer, Brand24, and Senuto. How the scoring works.

Published 11 July 2026 · Updated 29 August 2026Prefer this source on Google

Automotive

This S&P Global Mobility review covers what the automotive data business sells, what it costs, what changed when it left S&P Global, who runs it now, and what buyers should check now that the vendor is a standalone public company. The short version of the news: S&P Global completed the separation, and Mobility Global Inc. trades on the NYSE under the ticker MBGL as of July 1, 2026.

↑ FACT SHEETWhat is S&P Global Mobility

S&P Global Mobility is the automotive arm of S&P Global's data business, built around vehicle data, analytics and software sold across the car industry. Mobility provides automotive data and technology solutions through two reported segments, CARFAX and B2B, which is how the company splits itself in both the Form 10 and its quarterly releases.

The brands are better known than the segment name. CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan all sit inside the business, which is why a dealer, an automaker's planning team and a car shopper checking a vehicle history report can all be customers of the same company without knowing it.

The customer-facing side keeps growing because consumer demand for vehicle information is growing. Approximately 80% of car shoppers now consider purchasing vehicles online, and the services are built to feed that growing consumer demand: vehicle histories, dealer software and marketing data for a sales process that increasingly starts on a screen.

↑ FACT SHEETThe separation from S&P Global

S&P Global announced its plan to separate Mobility into a standalone company, with completion expected within 12 to 18 months of the announcement, and framed the move as a way to drive long-term value creation. Two publicly traded companies, each with focused management teams, would replace one conglomerate.

The announcement leaned on familiar S&P Global vocabulary along the way: highly synergistic core businesses, a growth strategy aimed at driving profitable growth, long-term value creation.

The timeline held. Mobility Global Inc. began trading on the NYSE under the ticker MBGL on July 1, 2026, with S&P Global shareholders receiving one Mobility Global share for each S&P Global share held at the June 15, 2026 record date.

S&P Global keeps the rest of the house:

• Credit ratings, still provided under its own name
• Global market intelligence for financial and commodity markets, through Market Intelligence and Global Commodity Insights, which covers commodity markets through the energy transition
• The index business behind global capital benchmarks for global equities, used by market participants across public and private markets worldwide

S&P Global brands itself as a leader providing essential intelligence to accelerate progress, language built to enable governments and large multinational organizations to plan; the ratings and indices franchises are why that line lands. Mobility takes the automotive data and runs as its own business, with its own management and its own investors.

Who runs Mobility Global

The leadership took effect with the listing. William W. Eager has been chief executive and a director since July 1, 2026, with Matt Calderone as chief financial officer. Scott Fredericks was appointed president of CARFAX on the same date, and Joseph S. LaFeir president of Mobility Business Solutions, so the two segments have named owners.

The first test came and went. Mobility Global reported $468 million of second quarter 2026 revenue on August 7, 2026, split $312 million at CARFAX, up 8%, and $156 million at B2B, up 4%. Subscriptions accounted for $383 million of the $468 million. Adjusted EBITDA margin ran 49% at CARFAX and 34% at B2B.

Guidance went the other way in the same release. The company cut its full-year 2026 outlook to a range of $1.87 billion to $1.885 billion, citing a CARFAX go-to-market approach that hadn't produced the anticipated benefits and softer automotive activity outside the United States. CARFAX also went live in Germany, and two new products, Homegrown and Showroom, reached the market.

What the separation means for buyers

A standalone vendor prices, contracts and reports on its own. Customers assess Mobility Global on its own numbers now: the $1,750 million fiscal 2025 revenue base is public, quarterly results follow as a listed company, and product investment decisions no longer compete with the rest of S&P Global's portfolio for budget.

Contract-wise, existing agreements carry over to the new entity, but renewal conversations now happen with a company whose entire income depends on automotive data. That cuts both ways: more focus on the product line, and no diversified parent absorbing a bad year in automotive markets. The first standalone quarter put a number on the second half of that, with the full-year range coming down inside six weeks of the listing.

The balance sheet changed shape in the same stretch. Long-term debt stood at $1,981 million on June 30, 2026, against zero at December 31, 2025, after $1,986 million of Senior Notes were issued to fund the separation. The company initiated a quarterly dividend of $0.06 a share at the same time, so a buyer signing a multi-year contract is now signing with a vendor that carries interest expense and a payout commitment it didn't carry a year ago.

The deal also lands in a wider stretch of merger and acquisition activity among data vendors, so a shortlist drawn up today can look different within a year.

↑ FACT SHEETReading the filings as market intelligence

The separation paperwork is itself a market intelligence source. The announcement, headlined S&P Global Announces Intent to separate the business, named Citigroup Global Markets Inc. as financial advisor, and S&P Global expects the distribution to be tax-free to shareholders for federal income tax purposes.

Its framing runs through strengthen market leadership, drive continued profitable growth, and profitable growth opportunities, and the release calls S&P Global strongly positioned around its remaining franchises after the split.

Ongoing diligence is public from here. The company's investor relations page carries the company's earnings release each quarter, the most recently filed quarterly report and annual report sit on EDGAR, and the company's senior management goes on the record with every result. Holders of the company's common stock and data buyers now read the same documents, which is the quiet benefit of the whole exercise.

What the data covers

The data spans the vehicle lifecycle across both segments. CARFAX sits on vehicle history reports and the dealer listings, lender products and consumer subscriptions built on top of them. B2B covers marketing and sales software sold to dealers and automakers, through automotiveMastermind, Polk Automotive Solutions and Market Scan, plus the forecasting and program planning that carmakers and suppliers buy under Strategy & Planning.

Connected vehicles push the pipeline wider, since connected technology in the car generates large volumes of operational and behavioral data that flow into analytics products, and artificial intelligence is integrated across product planning and sales optimization. The result reads less like a report library and more like workflow solutions plugged into how vehicles get planned, marketed and resold.

↑ FACT SHEETThe market the data describes

Mobility's own research sketches the conditions its customers are buying data to manage. Roughly half of all new vehicles produced globally will be electric by 2031, while automakers shift to flexible powertrain strategies. High vehicle prices and elevated interest rates affect consumer purchasing behavior at the same time.

The supply side is moving too. 75% of suppliers are adopting green manufacturing practices, 70% are strengthening supply chain strategies to manage volatility in the automotive sector, and supply chain localization influences where vehicles are built and sold. Supply chain risk sits underneath both numbers.

Each of those shifts is a forecasting problem, and forecasting problems are what the Strategy & Planning side of B2B sells against: data to solve challenges the industry can already see coming.

↑ FACT SHEETS&P Global Mobility pricing

Mobility Global publishes no rate card for either segment. What the separation did produce is a revenue breakdown detailed enough to work backwards from. The company's own investor day deck of May 12, 2026 puts fiscal 2025 CARFAX revenue at $1,142 million and B2B at $608 million, with CARFAX running 81% subscription and 19% transactional, and B2B 82% and 18%.

What CARFAX charges dealers

The same deck splits fiscal 2025 CARFAX revenue by product: 38% Advantage, 22% Listings, 26% financial, consumer and other, and 15% international. Advantage is the base dealer subscription, unlimited Reports plus Auction Quick Check. Listings and CARFAX For Life are upgrades a dealer buys on top of it.

Those two lines are the dealer-billed part, and the Form 10 supplies the divisor. Advantage plus Listings is 60% of $1,142 million, or $685.2 million; the Form 10 information statement filed May 27, 2026 counts more than 40,000 dealer customers as of December 31, 2025.

Divide one by the other and you get roughly $17,100 a year per dealer customer, about $1,430 a month. Read that as an average across the whole dealer base. The other 40% of the segment stays out of the sum because it's consumer, lender, insurer and international revenue that no dealer pays for.

The error runs one way. Both inputs are floors or rounded numbers, so the true average sits above $17,100, and running the same $685.2 million against the more-than-30,000 dealership count CARFAX markets on its own dealer site gives $22,840 a year instead. Showroom, one of the two products launched this year, is described by the company as intended to support higher revenue per dealer.

One dealer quote brackets that average from below. On August 1, 2024 an independent Los Angeles used-car dealer selling 5 to 10 cars a month posted on the DealerRefresh dealer forum what CARFAX had quoted him:

• $1,089 a month for unlimited Reports plus Car Listings
• A four-month introductory rate around $850
• Against the $400 a month he was then paying for 50 reports and no listings

Annualized, $1,089 a month is $13,068, which lands under the $17,100 average.

One dealer, one market, one rep's quote, two years old: treat it as a data point about a single rooftop and not as a rate, which is exactly what you'd expect at the bottom of an average that also contains franchise groups.

The police and lender programs

A whole customer class pays $0 and pays in data instead. CARFAX's police program page, copyright 2022, states the terms directly:

"The VHR is valued at up to $39 per report, but partner agencies have unlimited access at no cost to your agency."

The agency pays in crash and records data, and that barter is how the contributory network gets built. The Form 10 counts more than 92,000 dealers and service shops, 6,300 police agencies and 36 OEMs feeding it, plus more than 53 million CARFAX Car Care consumer audience members. What the police hand over free is part of what dealers and lenders pay a subscription to read back.

CARFAX for Lenders publishes plan shapes and stops short of the numbers. Three structures sit on the vendor's own page: CARFAX Everywhere, a flat monthly fee for unlimited reports, up to 50 VINs monitored and unlimited user licenses; Everywhere Plus, which raises monitoring to 2,500 VINs and adds a free annual portfolio analysis; and Pay Per VIN, a fixed cost per data product with a minimum monthly fee. Every one of those descriptions ends where the price would start.

What the B2B products cost

Nothing on the B2B side is published, and that needs saying plainly. No price for automotiveMastermind, Polk Automotive Solutions or Market Scan appears in the Form 10, the investor day deck, the vendor's own product sites or any public contract record, and the $500 to $1,000 a month figure that circulates on comparison sites carries no stated origin. Every B2B number arrives in a sales conversation.

The deck does publish who is already buying, which is the one thing a new buyer can carry into a negotiation. B2B revenue in fiscal 2025 ran 74% Marketing & Sales and 26% Strategy & Planning, sold into 100% of the top 30 North American OEMs, 100% of the top 40 global carmakers, 98% of the top 40 suppliers and 100% of the top 10 investment banks.

A vendor with that penetration is renewing more often than it's prospecting, which is worth knowing before the first call.

S&P Global Mobility competitors

The closest competitors are JATO Dynamics, the UK specialist in standardized vehicle specifications and pricing across 50 countries, and MarkLines, the Japanese portal for supplier and production data. Mobility Global is the broadest of the three: vehicle history, dealer software, marketing data and forecasting under one roof, against JATO's pricing depth and MarkLines' supplier mapping.

Ownership now separates them as much as coverage does. Mobility Global answers to public shareholders and reports quarterly, which gives buyers visibility into the vendor's health but ties product investment to an investor cycle. JATO Dynamics is privately held with no listed parent, so its roadmap is insulated from that pressure and opaque in the same measure.

Neither position is better; they fail differently, and a buyer signing a multi-year contract should know which risk they are taking. Beyond that, a shortlist follows the job: version-level pricing and monthly payment data points to JATO, supplier and production research to MarkLines, and lifecycle breadth, from planning through resale, to Mobility Global.

Bottom line

The product a buyer evaluates today is the same automotive data stack that ran inside S&P Global, now sold by Mobility Global Inc. under the MBGL ticker. The brands are established, the revenue base is public at $1,750 million for fiscal 2025, and the two-segment structure, CARFAX and B2B, maps cleanly onto the jobs automotive customers hire data for.

The separation is the thing to watch. A focused management team with one product line to fund is the bull case; a vendor newly exposed to the automotive cycle without a diversified parent is the caution, and the August 7 results gave that caution its first number when full-year guidance came down to a range of $1.87 billion to $1.885 billion.

Buyers now get that read every quarter, which is more visibility than they had when Mobility was a line item inside S&P Global's earnings.

FAQ

What is S&P Global Mobility?

S&P Global Mobility was the automotive data division of S&P Global, selling vehicle data, analytics and software through brands including CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan. It generated $1,750 million in revenue in fiscal 2025 and separated from S&P Global in 2026, and it now reports as two segments, CARFAX and B2B.

What is the new name for S&P Global Mobility?

Mobility Global Inc. The company completed its separation from S&P Global and began trading on the NYSE under the ticker MBGL on July 1, 2026.

Who is the CEO of Mobility Global?

William W. Eager has been chief executive since July 1, 2026, with Matt Calderone as chief financial officer, Scott Fredericks as president of CARFAX and Joseph S. LaFeir as president of Mobility Business Solutions.

Is S&P Global Mobility profitable?

The business generated $1,750 million in revenue in fiscal year 2025. Its first standalone quarter, reported on August 7, 2026, showed $468 million of revenue and adjusted EBITDA margins of 49% at CARFAX and 34% at B2B, alongside a cut to full-year guidance and $1,981 million of long-term debt taken on to fund the separation.

Is S&P Global a reputable company?

S&P Global is one of the established names in financial data, running credit ratings, global market intelligence, commodity insights and the S&P indices, and large multinational organizations use its ratings and benchmarks. The Mobility separation doesn't change that standing; it narrows S&P Global back to those core businesses.

Who competes with S&P Global Mobility?

JATO Dynamics and MarkLines are the closest competitors in automotive market intelligence. JATO leads on standardized specifications and pricing data; MarkLines leads on supplier and production coverage; Mobility Global competes on breadth across the whole vehicle lifecycle.