Financials
Financial Data & Stock Exchanges
$156.77B
40.5K
S&P Global Inc. provides credit ratings, benchmarks, analytics, and workflow solutions across global capital, commodity, and automotive markets. Its primary revenue streams are from subscriptions and transactions, serving a diverse client base including asset managers, banks, and corporations. The company holds a leading market position due to its extensive data and analytics capabilities, global reach, and strong brand reputation.
Key insights and themes extracted from this filing
S&P Global reported Q1 2025 revenue of $3.777 billion, an 8% increase compared to $3.491 billion in Q1 2024. This growth was supported by increases in revenue across all reportable segments, indicating a diversified revenue stream and strong market demand for the company's products and services.
The company's operating profit margin increased from 40% in Q1 2024 to 42% in Q1 2025. This expansion suggests improved operational efficiency and effective cost management, contributing to enhanced profitability.
Diluted earnings per share (EPS) increased by 12% from $3.16 in Q1 2024 to $3.54 in Q1 2025. This increase reflects the company's ability to translate revenue growth into higher earnings per share, benefiting shareholders.
S&P Global entered into an agreement to acquire the AIS data services business of ORBCOMM Inc. This acquisition is expected to enhance maritime visibility and deliver critical insights to government and commercial clients, strengthening S&P Global's position in the maritime and trade market.
The Board of Directors decided to pursue a full separation of the Mobility segment, aiming to create a new publicly traded company through a tax-free spin-off. This strategic move is expected to be completed within 12 to 18 months, pending regulatory approvals and customary conditions.
S&P Global is focused on integrating generative AI into its products and services to drive innovation and create new revenue streams. This initiative reflects the company's commitment to leveraging cutting-edge technologies to enhance its offerings and maintain a competitive edge.
The company recorded a pre-tax restructuring charge of $33 million, primarily related to employee severance charges. This indicates management's proactive approach to streamlining operations and reducing costs, although it results in short-term expenses.
Commitment fees and borrowing margins under the credit facility are linked to the company achieving environmental sustainability performance indicators related to emissions. This demonstrates management's commitment to ESG principles and integrating sustainability into financial operations.
The Board of Directors approved a quarterly common stock dividend of $0.96 per share, and the company repurchased 1.0 million shares for $650 million of cash during the quarter. This reflects management's disciplined approach to capital allocation, balancing shareholder returns with investments in the business.
The planned separation of the Mobility business is contingent upon the satisfaction of a number of conditions, may not be completed on the currently contemplated timeline, or at all, and may not achieve the intended benefits.
The company and its subsidiaries are defendants in a number of legal proceedings and are often subjected to government and regulatory proceedings, investigations and inquiries. Any of these proceedings, investigations or inquiries could ultimately result in adverse judgments, damages, fines, penalties or activity restrictions, which could adversely impact our consolidated financial condition, cash flows, business or competitive position.
Worldwide economic, financial, political, and regulatory conditions (including slower GDP growth or recession, restrictions on trade (e.g., tariffs), instability in the banking sector and inflation), and factors that contribute to uncertainty and volatility (e.g., supply chain risk), natural and man-made disasters, civil unrest, public health crises (e.g., pandemics), geopolitical uncertainty (including military conflict), and conditions that result from legislative, regulatory, trade and policy changes, including from the U.S. administration; could impact results
The acquisition of the Automatic Identification System (AIS) data services business of ORBCOMM Inc. is expected to be integrated within our Market Intelligence segment. This acquisition is expected to enhance maritime visibility and deliver critical insights to government and commercial clients worldwide.
S&P Global is focused on integrating generative AI into its products and services to drive innovation and create new revenue streams. This initiative reflects the company's commitment to leveraging cutting-edge technologies to enhance its offerings and maintain a competitive edge.
The company's operating profit margin increased from 40% in Q1 2024 to 42% in Q1 2025. This expansion suggests improved operational efficiency and effective cost management, contributing to enhanced profitability.
The company's operating profit margin increased from 40% in Q1 2024 to 42% in Q1 2025. This expansion suggests improved operational efficiency and effective cost management, contributing to enhanced profitability.
The company recorded a pre-tax restructuring charge of $33 million, primarily related to employee severance charges. This indicates management's proactive approach to streamlining operations and reducing costs, although it results in short-term expenses.
Corporate Unallocated expense increased 16% compared to 2024. Excluding the impact of IHS merger costs in 2024 of 24 percentage points, partially offset by higher employee severance charges in 2025 of 11 percentage points, Executive Leadership Team transition costs in 2025 of 11 percentage points, a lease impairment in 2025 of 8 percentage points and recovery of lease-related costs in 2024 of 1 percentage point, Corporate Unallocated expense increased 7% primarily due to disposition-related income in 2024 and higher incentives in 2025.
S&P Global entered into an agreement to acquire the AIS data services business of ORBCOMM Inc. This acquisition is expected to enhance maritime visibility and deliver critical insights to government and commercial clients, strengthening S&P Global's position in the maritime and trade market.
S&P Global is focused on integrating generative AI into its products and services to drive innovation and create new revenue streams. This initiative reflects the company's commitment to leveraging cutting-edge technologies to enhance its offerings and maintain a competitive edge.
Cash used for investing activities increased to $79 million for the first three months of 2025 compared to $20 million in the first three months of 2024, primarily due to higher cash paid for short-term investments and capital expenditures in 2025.
The Board of Directors approved a quarterly common stock dividend of $0.96 per share, and the company repurchased 1.0 million shares for $650 million of cash during the quarter. This reflects management's disciplined approach to capital allocation, balancing shareholder returns with investments in the business.
S&P Global entered into an agreement to acquire the AIS data services business of ORBCOMM Inc. This acquisition is expected to enhance maritime visibility and deliver critical insights to government and commercial clients, strengthening S&P Global's position in the maritime and trade market.
Cash used for investing activities increased to $79 million for the first three months of 2025 compared to $20 million in the first three months of 2024, primarily due to higher cash paid for short-term investments and capital expenditures in 2025.
Commitment fees and borrowing margins under the credit facility are linked to the company achieving environmental sustainability performance indicators related to emissions. This demonstrates management's commitment to ESG principles and integrating sustainability into financial operations.
S&P Global Inc. issued $1,227 million of 2.70% Sustainability-Linked Senior Notes due 2029 that were originally issued on March 18, 2022.
The company has a goal to meet or exceed 2025 enterprise financial and sustainability goals.
S&P Global reported Q1 2025 revenue of $3.777 billion, an 8% increase compared to $3.491 billion in Q1 2024. This growth was supported by increases in revenue across all reportable segments, indicating a diversified revenue stream and strong market demand for the company's products and services.
The company's exposure to market risk includes changes in foreign exchange rates and interest rates. The company has operations in foreign countries where the functional currency is primarily the local currency.
Worldwide economic, financial, political, and regulatory conditions (including slower GDP growth or recession, restrictions on trade (e.g., tariffs), instability in the banking sector and inflation), and factors that contribute to uncertainty and volatility (e.g., supply chain risk), natural and man-made disasters, civil unrest, public health crises (e.g., pandemics), geopolitical uncertainty (including military conflict), and conditions that result from legislative, regulatory, trade and policy changes, including from the U.S. administration; could impact results