S&P Global Inc.'s Stock Analysis

S&P Global Reports Q2 2025 Financial Results and Leadership Changes

S&P Global reported second-quarter 2025 revenue of $3.755 billion, a 6% increase from the same quarter in 2024. The company's net income rose 6% to $1.072 billion, and diluted earnings per share increased 9% to $3.50. Growth was primarily driven by strong performance in the Market Intelligence and S&P Dow Jones Indices segments. The company also announced Bill Eager's appointment as President of S&P Global Mobility, effective August 15, 2025, in line with plans to separate the Mobility division into a standalone public company.

For 2025, S&P Global anticipates cash provided by operating activities, less capital expenditures, to be between $5.4 billion and $5.6 billion, with adjusted free cash flow expected to be $5.6 billion to $5.8 billion. The company updated its revenue growth guidance due to increased contributions from its Ratings, S&P Dow Jones Indices, and Mobility divisions, while lowering its GAAP diluted EPS guidance. The Board of Directors has authorized a quarterly cash dividend of $0.96 and plans to execute accelerated share repurchases totaling up to $1.3 billion.

Jul 31, 2025 07:10:22

S&P Global Reports Q1 Revenue Growth and Mobility Division Separation

S&P Global announced its first-quarter 2025 results, reporting a revenue of $3.777 billion, which marks an 8% increase from the previous year. The company also saw a 10% rise in GAAP net income to $1.090 billion and a 12% increase in GAAP diluted earnings per share, reaching $3.54. The growth was primarily driven by strong performance in the Ratings and Indices divisions. Additionally, S&P Global announced plans to separate its Mobility division into a standalone public company, aiming to enhance shareholder value and focus on core operations. The separation is expected to be tax-free for shareholders and completed within 12-18 months.

As part of its ongoing portfolio optimization, S&P Global plans to divest its OSTTRA Joint Venture for $3.1 billion, with the transaction expected to close in the second half of 2025. The company also anticipates executing $650 million in accelerated share repurchases. For the full year 2025, S&P Global has updated its revenue growth guidance to 4%-6% and expects GAAP diluted EPS in the range of $14.60 - $15.10. The company will return approximately 85% of adjusted free cash flow to shareholders through dividends and share repurchases.

Apr 29, 2025 07:10:18

S&P Global and CME Group Sell OSTTRA for $3.1 Billion

S&P Global and CME Group have announced the sale of OSTTRA, a provider of post-trade solutions for the global OTC market, to KKR for a total enterprise value of $3.1 billion. The deal will be split evenly between the two companies, which established OSTTRA as a joint venture in 2021. The management team of OSTTRA will remain in place, and KKR plans to enhance the company's investments in technology and innovation to drive growth and expand its market presence. Both S&P Global and CME Group expressed satisfaction with OSTTRA's performance and future prospects under KKR's ownership.

Despite the positive outlook, the transaction is subject to customary closing conditions and regulatory approvals, which could introduce uncertainties. The press release also highlighted the potential risks and challenges associated with market conditions and operational disruptions that could affect the transaction's completion. No further financial details were disclosed, and the transaction is expected to close in the second half of 2025.

Apr 14, 2025 06:55:18

S&P Global Reports $14.208 Billion Revenue for 2024

S&P Global announced a fourth quarter revenue of $3.592 billion for 2024, marking a 14% increase from the same period in 2023. The company also reported a significant rise in net income, which grew 52% to $880 million, and diluted earnings per share increased by 56% to $2.85, driven largely by growth in its Ratings division. Additionally, S&P Global successfully transitioned its leadership with Martina Cheung becoming President and CEO in November 2024, and returned over $4.4 billion to shareholders through dividends and share repurchases in 2024.

On the downside, the company faced challenges with its Engineering Solutions division, which was divested in 2023, affecting year-over-year comparisons. Although revenue growth was reported in all divisions, the reliance on Ratings growth raises concerns about sustainability. Moreover, the company incurred significant non-core adjustments to earnings related to deal-related amortization and restructuring costs, which could impact future profitability. Additionally, the company highlighted several risks, including market volatility and competitive pressures, that could affect its operations moving forward.

Feb 11, 2025 07:10:20

S&P Global Reports Strong Third Quarter Financial Results

S&P Global announced impressive third quarter results, with revenue reaching $3.575 billion, marking a 16% increase from the previous year. The company's net income rose by 31% to $971 million, and earnings per share also saw significant growth, reflecting strong performance in its Ratings and Indices divisions. The company is also set to enhance shareholder returns through accelerated share repurchases and has raised its full-year guidance, indicating a positive outlook for the remainder of the year.

On the operational front, S&P Global is undergoing leadership changes with the appointment of a new Chief Financial Officer and an Executive Leadership Team. Additionally, the planned divestiture of PrimeOne is on the horizon, which is expected to close soon. While the company is experiencing strong growth, it also noted some challenges, including currency impacts on earnings and increased corporate expenses. Overall, the results suggest a robust financial position, but the company is navigating some complexities in its operations.

Oct 24, 2024 07:10:28

S&P Global Unveils New Executive Leadership Team

S&P Global has announced an experienced and diverse executive leadership team that will guide the company starting November 1, 2024. The new President and CEO, Ms. Martina L. Cheung, expressed enthusiasm about working with the team to unlock the company's full potential, focusing on delivering value to shareholders and customers. Key appointments include Saugata Saha as President of S&P Global Market Intelligence and co-Presidents for S&P Global Commodity Insights, Dave Ernsberger and Mark Eramo. The company also established new roles, such as Chief Client Officer and Chief Enterprise Data Officer, to enhance its strategic capabilities.

The transition comes with the departure of current leaders Adam Kansler and Dimitra Manis, who will assist in ensuring a smooth handover. While the leadership changes are positioned positively, the company faces the challenge of maintaining continuity and performance during this transition. The new team members bring extensive backgrounds from various sectors, indicating a strong foundation for future growth. However, the effectiveness of these changes will depend on how well the new leadership can adapt and implement their strategies in the evolving market landscape.

Oct 17, 2024 16:17:51

S&P Global Welcomes New CFO Eric Aboaf in 2025

S&P Global has announced the appointment of Eric Aboaf as the new Chief Financial Officer, effective February 2025. Aboaf brings extensive experience from his previous roles, including CFO at State Street Corporation and Citizens Financial Group. His proven track record in financial services and growth strategies is expected to enhance the company’s finance operations under the leadership of incoming President and CEO, Martina L. Cheung. The transition is anticipated to be smooth, thanks to the interim CFO Christopher Craig's support during this period.

The announcement highlights S&P Global's commitment to strong leadership and strategic growth, which could positively impact shareholder value. Aboaf's background in managing substantial financial functions and his academic credentials from prestigious institutions further bolster confidence in his capabilities. Overall, this leadership change is viewed favorably as the company prepares for future challenges and opportunities in the financial sector.

Oct 15, 2024 08:31:43

S&P Global Reports Strong Q2 Growth and Leadership Changes

S&P Global's Q2 2024 revenue rose 14% to $3.549 billion, with net income up 98% to $1.011 billion. The company announced leadership changes, with Martina Cheung set to succeed Douglas Peterson as CEO. They expect to return 85% of adjusted free cash flow to shareholders and have raised their full-year guidance for revenue and earnings. However, the divestiture of Fincentric is pending, which could impact future results.

Jul 30, 2024 07:10:20

S&P Global Appoints Martina Cheung as CEO

Martina L. Cheung will take over as President and CEO of S&P Global from Douglas L. Peterson on November 1, 2024. Cheung's successful track record at S&P Global, including revenue growth in various divisions, makes her well-suited for the role. Peterson, who oversaw significant growth during his tenure, will stay on as a special advisor. The Board praises Cheung's leadership qualities and strategic vision, expressing confidence in her ability to lead the company forward. Yann Le Pallec will succeed Cheung as President of S&P Global Ratings. Financial guidance remains unchanged.

Jun 27, 2024 16:46:59

S&P Global Reports Strong First Quarter Growth

S&P Global's Q1 2024 revenue rose by 10%, with GAAP net income up by 25% and diluted earnings per share by 28%. The company is increasing share repurchases and raising its full-year 2024 revenue guidance. Operating margin expanded, and strategic initiatives in AI, sustainability, and private markets are highlighted for future growth. The company plans to return 85% of adjusted free cash flow to shareholders in 2024 through dividends and share repurchases.

Apr 25, 2024 07:10:29