S&P Global Inc. Annual Report, Year Ended Dec 31, 2021

S&P Global Inc.'s (SPGI) 2021 10-K report highlights a year of significant revenue and operating profit growth, driven by strong performance across all its reporting segments: Ratings, Market Intelligence, Platts, and Indices. Total revenue increased by 11% to $8.3 billion, with operating profit rising 17% to $4.2 billion, leading to a 29% increase in diluted earnings per share to $12.51. This growth was underpinned by increased transaction and non-transaction revenue in Ratings, expansion in subscription services within Market Intelligence, continued demand for data and insights at Platts, and higher asset-based fees in Indices due to increased AUM in ETFs and mutual funds. The company is on the cusp of a transformative merger with IHS Markit, expected to close in Q1 2022. This strategic move is set to expand S&P Global's data and analytics capabilities significantly. While merger-related costs were incurred in 2021, the company anticipates substantial benefits and synergies. Significant progress has also been made on necessary divestitures to gain regulatory approval for the merger, including agreements to sell the CUSIP Global Services business and the Leveraged Commentary and Data (LCD) business. Looking ahead, S&P Global is focused on integrating IHS Markit, driving growth in key areas like ESG and Energy Transition, enhancing its digital ecosystem, and maintaining a strong focus on human capital management and employee well-being.