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S&P Global Inc.

S&P Global Inc.

NYSE•SPGI
CEO: Ms. Martina L. Cheung
Sector: Financial Services
Industry: Financial - Data & Stock Exchanges
Listing Date: 2016-04-28
S&P Global Inc., together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices segments. The S&P Global Market Intelligence segment offers multi-asset-class data and analytics integrated with purpose-built workflow solutions. This segment offers Desktop, a product suite that provides data, analytics, and third-party research; Data and Advisory Solutions for research, reference data, market data, derived analytics, and valuation services; Enterprise Solutions, software and workflow solutions; and Credit & Risk Solutions for selling Ratings' credit ratings and related data and research. The S&P Global Ratings segment operates as an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings, and benchmarks. The S&P Global Commodity Insights segment provides information and benchmark prices for the commodity and energy markets. The S&P Global Mobility segment provides solutions serving the full automotive value chain, including vehicle manufacturers (OEMs), automotive suppliers, mobility service providers, retailers, consumers, and finance and insurance companies. The S&P Dow Jones Indices segment is an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.
Contact Information
55 Water Street, New York, NY, 10041, United States
212-438-1000
www.spglobal.com
Market Cap
$151.16B
P/E (TTM)
36.0
34.3
Dividend Yield
0.8%
52W High
$579.05
52W Low
$427.14
52W Range
47%
6.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$3.89B+8.76%
4-Quarter Trend

EPS

$3.86+23.72%
4-Quarter Trend

FCF

$1.46B+3.55%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Months Revenue Growth Nine months revenue reached $11.42B USD, showing 8% growth across all reportable segments.
Operating Profit Increased Operating profit grew 12% to $4.80B USD for the nine months, driven by strong revenue performance.
Diluted EPS Rises Diluted EPS increased 15% to $10.90 USD for the nine-month period ending September 30, 2025.
Share Repurchase Activity Cash used for share repurchases totaled $2.50B USD during the first nine months of 2025.

Risk Factors

Mobility Spin-off Uncertainty Mobility separation is contingent on conditions; timing is uncertain or may not achieve intended strategic benefits.
Regulatory and Litigation Exposure Ongoing government inquiries and litigation pose risks to financial condition and competitive market position.
Higher Compensation Costs Higher compensation costs from merit increases and headcount partially offset profit gains across segments.
Foreign Exchange Volatility Revenue and net income are subject to impact from fluctuations in foreign currency exchange rates globally.

Outlook

Mobility Segment Separation Pursuing Mobility segment spin-off over 12 to 18 months, expected to qualify for tax-free treatment.
Key Strategic Acquisitions Expecting closure of With Intelligence acquisition ($1.8B) in 2025 or early 2026 for Market Intelligence.
Focus on AI Integration Strategy includes integrating generative artificial intelligence into products and accelerating growth in adjacencies.
Financial Goals and Returns Striving to meet 2025 enterprise financial goals and delivering targeted capital return to shareholders.

Peer Comparison

Revenue (TTM)

S&P Global Inc.SPGI
$15.01B
+9.0%
Intercontinental Exchange, Inc.ICE
$12.00B
+5.3%
Nasdaq, Inc.NDAQ
$8.17B
+16.4%

Gross Margin (Latest Quarter)

CME Group Inc.CME
84.5%
-1.6 pp
MSCI Inc.MSCI
83.3%
+0.7 pp
Nasdaq, Inc.NDAQ
80.3%
+41.7 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SPGI$151.16B36.012.7%19.9%
CME$96.59B25.713.7%1.8%
MCO$87.63B39.059.2%49.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+2.7%
Moderate Growth
4Q Net Income CAGR
+7.3%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $3.89B+8.8%
    |
    EPS: $3.86+23.7%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 1, 2025|
    Revenue: $3.76B+5.8%
    |
    EPS: $3.50+8.4%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 29, 2025|
    Revenue: $3.78B+8.2%
    |
    EPS: $3.55+12.3%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 11, 2025|
    Revenue: $14.21B+13.7%
    |
    EPS: $12.36+49.8%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 25, 2024|
    Revenue: $3.58B+15.9%
    |
    EPS: $3.12+33.3%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 30, 2024|
    Revenue: $3.55B+14.4%
    |
    EPS: $3.23+101.9%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 25, 2024|
    Revenue: $3.49B+10.5%
    |
    EPS: $3.16+27.9%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 9, 2024|
    Revenue: $12.50B+11.8%
    |
    EPS: $8.25-19.5%
    Beat