Financials
Financial Data & Stock Exchanges
$156.77B
40.5K
Key insights and themes extracted from this filing
Revenue increased by 12% year-over-year, primarily due to the merger with IHS Markit, but operating profit decreased by 19% due to merger-related expenses and higher compensation costs. Diluted earnings per share also declined by 19%.
Free cash flow increased to $3.3 billion in 2023, compared to $2.2 billion in 2022, primarily due to an increase in cash provided by operating activities, despite higher capital expenditures.
Foreign exchange rates had an unfavorable impact of less than 1 percentage point on revenue for 2023. This impact refers to constant currency comparisons estimated by recalculating current year results of foreign operations using the average exchange rate from the prior year.