Revenue segments as reported by the company.

Ratings

Market Intelligence

Platts

Indices

Intersegment Elimination

Commodity Insights

Mobility

Engineering Solutions

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Expenses

Gain on dispositions

Equity in Income on Unconsolidated Subsidiaries

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

S&P Global

Standard and Poor's is an American financial services company. It is a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is known for its stock market indices such as the U.S.-based S&P 500, the Canadian S&P/TSX, and the Australian S&P/ASX 200. S&P is considered one of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City.

Standard and Poor's

S&P Global, Inc. engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions. The Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions. The Ratings segment is involved in credit ratings, research, and analytics, offering investors and other market participants information, ratings, and benchmarks. The Commodity Insights segment focuses on information and benchmark prices for the commodity and energy markets. The Mobility segment offers solutions serving the full automotive value chain including vehicle manufacturers, automotive suppliers, mobility service providers, retailers, consumers, and finance and insurance companies. The Engineering Solutions segment engages in advanced knowledge discovery technologies, research tools, and software-based engineering decision engines to advance innovation, maximize productivity, improve quality, and reduce risk. The company was founded by James H. McGraw and John A. Hill in 1917 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

S&P Global projects solid growth amidst revenue challenges and opportunities

S&P Global's financial performance remains strong with a focus on innovation and efficiency
Challenges in ratings revenue offset by growth in other business segments
Opportunities lie in expanding ESG revenue, strategic partnerships, and M&A activity
Overall, S&P Global is well-positioned for growth and resilience in evolving markets

S&P Global reports Q1 revenue growth and focuses on sustainability

S&P Global's Q1 2023 performance showed revenue growth and increased adjusted EPS.
The company's strengths lie in customer focus, sustainability products, and diverse revenue streams.
Challenges include market volatility, declining bond issuance, and potential impacts on lending.
Opportunities exist in new product initiatives, revenue synergies, and global product expansion.

S&P Global reports strong Q2 growth, eyes AI and sustainability

S&P Global's Q2 performance showed revenue growth and positive outlook across divisions. The company's focus on innovation, AI, and sustainability drives customer engagement and growth potential. Challenges in expense management and sustainability trends are being addressed with strategic investments.

S&P Global excels in Q3 with raised guidance and strategic focus

S&P Global's Q3 performance reflects robust revenue growth, margin improvement, and strategic focus on key growth areas
Strengths lie in the Vitality Index success, progress on AI initiatives, and revenue growth across all divisions
Challenges include managing expenses, navigating market transformations, and sustaining innovation post-merger
Opportunities abound in private markets, sustainability, new product launches, and leveraging synergies for growth

S&P Global exceeds Q4 targets, eyes AI growth opportunities

S&P Global's Q4 2023 Earnings Call highlighted strong financial performance, revenue growth, and strategic initiatives like AI and product innovation.
Despite challenges like expense impacts and leadership transitions, the company remains optimistic about growth opportunities and revenue diversification.
Opportunities in generative AI, new product launches, and revenue synergies from mergers position S&P Global for continued success in 2024 and beyond.
Balancing efficiency, margin expansion, and strategic focus areas like sustainability and private markets will be key for S&P Global's growth trajectory.

S&P Global achieves record revenue in Q1 2024 earnings call

S&P Global's Q1 2024 showcased robust financial performance, marked by record revenue and significant margin expansion. The company faces challenges in managing expenses amidst growth but has opportunities in AI initiatives and the evolving mobility sector. Capitalizing on vibrant capital markets and revenue synergies, S&P Global is poised for continued success.

S&P Global reports record earnings, appoints new CEO

S&P Global delivered strong Q2 results with accelerated revenue growth and margin expansion
Strategic investments in generative AI and private market ratings drove revenue synergies
Raised financial guidance reflects confidence in future performance and market leadership
Smooth CEO succession plan announced with Martina Cheung appointed as new CEO

S&P Global reports stellar Q3 results, eyes growth opportunities

S&P Global delivered exceptional financial results in Q3 2024, with strong revenue growth and margin expansion. While facing challenges in the Financial Services segment, the company is capitalizing on opportunities through enhanced products and strategic initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Blackrock Inc

FactSet Research Systems

Morningstar

MSCI

MSCI is a highly profitable financial analytics company with a strong brand, delivering 45% net profit margins on $2.5 billion in annual revenue.

Unlocking Value From MSCI, The Index Fund Powerhouse

International Seaways

NEW YORK , Dec. 23, 2024 /PRNewswire/ -- International Seaways Inc. (NYSE: INSW) will replace Consolidated Communications Holdings (NASD: CNSL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, December 30. Searchlight Capital Partners and British Columbia Investment Management Corporation (BCI) are acquiring Consolidated Communications in a deal expected to be completed soon, pending final closing conditions.

International Seaways Set to Join S&P SmallCap 600

Analysis provides the most accurate public, basin-wide estimate of methane emissions for the Permian HOUSTON , Dec. 23, 2024 /PRNewswire/ -- Annual methane emissions stemming from oil and gas production operations in the Permian Basin decreased 26% in 2023 from the previous year—equal to the total amount of carbon emissions avoided by every electric vehicle on the road in the United States that year, according to a new analysis by S&P Global Commodity Insights. The data show that methane emissions from upstream oil and gas operations in the Permian Basin fell by more than 34 billion cubic feet (bcf) in 2023, the most recent year that data is available.

Decline in Permian Basin Methane Emissions Equaled the Annual Carbon Emissions Avoided by Every Electric Vehicle in the United States, New S&P Global Commodity Insights Analysis Finds

As 2025 approaches, S&P Global Mobility forecasts 89.6 million new vehicle sales worldwide next year, reflecting cautious recovery growth. Automotive forecasts have been downgraded across the board, reflecting expected post-election US policy shifts.

S&P Global Mobility forecasts 89.6M auto sales worldwide in 2025

January – October sales were moderate, but December auto sales are expected to build on the relatively strong November result. SOUTHFIELD, Mich.

S&P Global Mobility: Solid finish to close out 2024 US auto sales

S&P Global Raises Fosun International's CSA Score to 70 Points, Maintaining a Leading Position in ESG Performance among Global Peers HONG KONG , Dec. 19, 2024 /PRNewswire/ -- S&P Global recently released the 2024 Corporate Sustainability Assessment (CSA) score results for Fosun International Limited (HKEX stock code: 00656, "Fosun International"). Fosun International's S&P Global CSA score increased to 70 points in 2024, ranking in the top 5% globally among its peers.

Fosun International Ranks Top 5% in S&P Global's CSA among Global Peers

Impact on U.S. domestic natural gas prices—among the lowest in the world—would remain negligible WASHINGTON , Dec. 17, 2024 /PRNewswire/ -- On their current trajectory, growing exports of U.S. liquefied natural gas (LNG) would support nearly half a million domestic jobs annually and contribute $1.3 trillion to U.S. gross domestic product through 2040 while having a negligible impact on domestic gas prices, according to a new comprehensive study by S&P Global. The study projects U.S. LNG export capacity to double over the next five years under a Base Case that takes into account current conditions, including impacts from the 2024 pause of pending decisions on exports of LNG to non-free trade agreement countries.

Expected Growth of U.S. LNG Exports to Support Nearly 500,000 Jobs Annually and Add $1.3 Trillion to United States Gross Domestic Product Through 2040, New S&P Global Study Finds

Annual look-ahead highlights a more challenging economic outlook NEW YORK , Dec. 17, 2024 /PRNewswire/ -- Policy uncertainties dominate the economic outlook, damaging growth prospects, according to an S&P Global Market Intelligence report released today. In the newly published Top 10 Economic Insights for 2025, S&P Global Market Intelligence economists provide their take on global and regional economic performance, inflation and monetary policy prospects and highlight key risks.

S&P Global Market Intelligence Announces Top 10 Economic Insights for 2025

S&P Global's ratings segment is a high-margin, fortress-like business, poised to benefit from the upcoming debt maturity wall projected for the latter half of the decade. The debt maturity wall will drive new credit issuance, creating significant opportunities for S&P Global's ratings business, with peaks expected in 2026 and 2028. S&P Global's diversified segments, including indices and market intelligence, contribute to its robust, capital-light, and highly profitable business model, with consolidated operating margins around 40%.

S&P Global: The Maturity Wall Presents A Huge Opportunity Heading Into 2025

Increased safety stockpiling reported by North American manufacturers, led by the U.S., as firms anticipate higher imported costs Asian factories' purchasing of inputs rises at the fastest rate in three-and-a-half years as firms, particularly in China, ramp up production to meet stronger orders, reflecting domestic stimulus measures and advanced buying ahead of possible tariffs By contrast, Europe's industrial recession worsens in November, in large part due to Germany's deepening manufacturing downturn CLARK, N.J. , Dec. 16, 2024 /PRNewswire/ -- The GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — signaled the smallest level of spare capacity in global supply chains since June in November, as the index rose to -0.20, from -0.39 previously.

NORTH AMERICAN MANUFACTURERS BEGIN STOCKPILING TO BUFFER AGAINST TARIFFS WHILE ASIAN SUPPLIERS RECORD RENEWED GROWTH AS CHINESE MANUFACTURING REBOUNDS, DRIVEN BY STIMULUS AND EXPORTS: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX

TPM25 by S&P Global to be held in Long Beach, CA, March 2–5, 2025, under the theme of "Finding reliability in an unreliable world" NEW YORK , Dec. 16, 2024 /PRNewswire/ -- TPM, organized by the Journal of Commerce within S&P Global, will be held in Long Beach, California, on March 2–5, 2025. This will mark the 25th anniversary of TPM, the premier global container shipping and supply chain conference.

TPM, S&P Global's Premier Shipping and Supply Chain Conference, to Celebrate 25th Anniversary in 2025

NEW YORK and AMSTERDAM , Dec. 13, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), the world's leading index provider, today announced the results of the annual Dow Jones Sustainability Indices (DJSI) rebalancing and reconstitution. The DJSI are float-adjusted market capitalization weighted indices that measure the performance of companies selected using environmental, social and governance (ESG) criteria.

S&P Dow Jones Indices Announces Dow Jones Sustainability Indices 2024 Review Results

S&P 500 Q3 2024 buybacks were $226.6 billion, down 4.0% from Q2 2024's $235.9 billion and up 22.1% from Q3 2023's $185.6 billion The 12-month September 2024 expenditure of $918.4 billion was up 16.7% from the prior 12-month expenditure of $787.3 billion Consumer Discretionary increased spending by 13.5%, as Information Technology and Health Care reduced their spending by 6.4% and 10.2% respectively The net buyback 1% tax reduced Q3 2024 operating earnings by 0.42% and As Reported GAAP by 0.48% NEW YORK , Dec. 13, 2024 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI) today announced the preliminary S&P 500® stock buybacks or share repurchases data for Q3 2024. Historical data on S&P 500 buybacks is available at www.spdji.com/indices/equity/sp-500.

S&P 500 Q3 2024 Buybacks Decrease 4.0% from Q2 2024, as 12-month Expenditure Increases 4.7% from Previous Year; Earnings Per Share Increases from Buybacks Improves; Buybacks Tax Results in a 0.42% Reduction in Q3 Operating Earnings and 0.48% Reduction in

Winners Hailed from  Australia, Canada, France, India, Spain, Turkey, UAE, UK, and the US  NEW YORK , Dec. 12, 2024 /PRNewswire/ -- S&P Global Commodity Insights, the leading global independent provider of data, insights, analysis and benchmark prices for the commodities and energy transition markets, tonight honored industry excellence in 19 performance categories and winners from nearly a dozen countries at the Platts Global Energy Awards gala held at the Casa Cipriani South Street in downtown New York City. The Awards program, now in its 26th year and often described as the "Oscars" of the energy industry, recognizes corporate and individual innovation, leadership, and performance in the energy and chemicals industry, and bestowed honors on energy companies from Australia, Canada, France, India, Spain, Turkey, UAE, UK, and the US.

Energy Companies from Europe, North America, Asia, and Middle East, Won Honors at S&P Global Commodity Insights' 26th Annual Platts Global Energy Awards

High Degree of Uncertainty, Artificial Intelligence's Impact on Energy Markets Resilient Fossil Fuels Markets Adapting to Changing Conditions NEW YORK and LONDON and SINGAPORE , Dec. 11, 2024 /PRNewswire/ -- Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities and energy transition markets, today released their 2025 energy outlook. As the calendar turns to 2025, there is more uncertainty in energy markets heading into a new year than any year since the pandemic.

S&P Global Commodity Insights Releases its 2025 Energy Outlook

Up More Than 18% Since 2021, Costing Unsuspecting Buyers Thousands of Dollars CENTREVILLE, Va. , Dec. 10, 2024 /PRNewswire/ -- Odometer fraud remains a widespread and serious issue for used car buyers across the country, CARFAX data shows.

CARFAX: Odometer Fraud Increases Nationwide to 2.14 Million Vehicles

NEW YORK , Dec. 9, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") is clarifying the float-adjusted liquidity ratio (FALR) eligibility criteria used in the S&P U.S. Indices and Dow Jones U.S. Total Stock Market Indices Methodologies. No constituent changes for any U.S. companies currently in the S&P Composite 1500 indices or Dow Jones U.S. Total Stock Market indices will occur, as this simply clarifies and provides more transparency to the existing FALR rule.

S&P Dow Jones Indices Float Adjusted Liquidity Ratio Clarification for Certain U.S. Indices

Alpha Metallurgical Resources

BlackRock Science & Technology

Chegg

Concentrix Corporation 

Freightos Ltd

Crocs

Dynatrace Inc

EPR Properties

Ferguson Enterprises Inc

Hims & Hers Health

Hershey

Luckin Coffee

Loma Negra Compania Industrial Argentina

NL Industries

PepsiCo

Perfect Corp

PLDT

First Trust NASDAQ Clean Edge Green Energy Index Fund

Roku

Skyward Specialty Insurance Group Inc

Super Micro Computer

TripAdvisor

Twenty-six new analysts joined Seeking Alpha in November, sharing diverse investment ideas highlighting their unique backgrounds and expertise. Top picks include U.S. Bancorp Preferred Series A, Hershey, and PepsiCo, emphasizing undervalued opportunities, dividend stability, and strategic growth potential. Analysts also spotlighted strong sell recommendations like BlackRock Science and Technology Trust and Luckin Coffee, citing fundamental flaws and competitive disadvantages.

Stock Picks From Seeking Alpha's November 2024 New Analysts

Latent and persistent conflicts, domestic instability, economic rivalries and trade protectionism will continue to shape markets in 2025 NEW YORK , Dec. 5, 2024 /PRNewswire/ -- Protectionist measures, the continuation of unresolved conflicts and fragmented domestic coalitions are expected to result in economic uncertainty and the redefinition of international relationships and trade dynamics next year, according to a new S&P Global Market Intelligence report released today. In the report, Power Plays in 2025, S&P Global Market Intelligence's economic, geopolitical risk and supply chain analysts identify the four interconnected themes that will drive global political and economic relationships in 2025: economic angst, domestic discontent, elusive alliances and trade troubles.

S&P Global Market Intelligence expects 2024 election outcomes and multidimensional risk factors to define global landscape next year

NEW YORK , Dec. 4, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today published the latest edition of its proprietary Look Forward  research series, providing a comprehensive analysis of the complexity of artificial intelligence (AI) and its transformative impact on the labor market, energy sector and society. "AI is undeniably accelerating progress and driving transformative change across various sectors," said Swamy Kocherlakota, EVP and Chief Digital Solutions Officer at S&P Global.

Navigating AI's Transformative Power in Labor, Energy and Society: S&P Global Publishes Latest Look Forward Journal

NEW YORK , Dec. 4, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), the world's leading index provider, in collaboration with UBS, today announced the launch of the S&P UBS Leveraged Loan Indices, previously known as the Credit Suisse Leveraged Loan Indices, which measure the performance of and provide insight on various global loan markets by leveraging S&P Global Market Intelligence's industry leading reference and pricing data for loans. The S&P UBS Leveraged Loan Indices are designed to represent and measure the investable universe of U.S. dollar (USD), Euro (EUR) and British sterling (GBP) denominated leveraged loans.

S&P Dow Jones Indices and UBS Launch S&P UBS Leveraged Loan Indices

Tennant

Walmart

Generating reliable passive income requires more than just picking stocks with appealing current yields. The most successful income investors focus on companies that consistently grow their dividend payments year after year.

3 Dividend Growth Stars That Can Generate a Lifetime of Passive Income

Extensive use of manual practices a key barrier to high quality data and efficient operational processes NEW YORK , Dec. 3, 2024 /PRNewswire/ -- S&P Global Market Intelligence today released the findings of its annual Global Regulatory Reporting Survey, highlighting that the most notable concern for the regulatory reporting market is the impact of significant operational burdens and the continued use of manual and ad hoc processes that result in increased effort and less accurate data. Conducted by S&P Global Market Intelligence Cappitech (Cappitech), the annual Global Regulatory Reporting survey looks at trade and transaction reporting trends and sentiment around key challenges the industry is facing.

Data Quality Driving Regulatory Reporting Decision-Making, according to S&P Global Market Intelligence Cappitech Survey

Indices Reflect Global Transportation Fuels, Conventional Energy, Industrial Materials, Decarbonization and Recycled Packaging HOUSTON and NEW YORK and SINGAPORE , Dec. 2, 2024 /PRNewswire/ -- Platts, part of S&P Global Commodity Insights, the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, today announced the expansion of its commodity price assessment portfolio to feature commodity sector indices. These indices reflect compilations of spot physical prices from the oil, natural gas, liquefied natural gas (LNG), carbon, metals, chemicals and biofuels markets, and provide additional big-picture value trends related to global commodity markets.

S&P Global Commodity Insights Launches New Price-Assessment-Based Indices Reflecting Commodity Sector Value Trends

S&P Global is undervalued at a forward P/E of 31x, with a 20% YTD performance. The Ratings segment, contributing one-third of revenue, has grown 36% YoY in Q3 2024, boosting profitability and EPS. Corporate debt maturity trends, with $7.3 trillion hitting maturity by 2026, ensure continued growth in the Ratings segment.

News for S&P Global Stock (SPGI)