Summary
S&P Global Inc. (SPGI) reported robust financial performance for the fiscal year ending December 31, 2025. The company demonstrated significant revenue growth across all its primary segments, including Market Intelligence, Ratings, Energy, Mobility, and Indices. This growth was driven by strong subscription revenue, increased transaction fees in its Ratings division, and continued demand for its data and analytics services in the energy and commodity markets. The company also reported a healthy increase in operating profit, reflecting effective cost management and strategic growth initiatives. A key strategic development for S&P Global is the planned separation of its Mobility segment into a standalone public company, expected to be completed by mid-2026. This move is intended to unlock value and allow for more focused strategic execution within both the ongoing S&P Global businesses and the new Mobility entity. The company also continued its commitment to returning capital to shareholders through dividends and share repurchases, signaling financial strength and confidence in future operations. While facing various risks, including cybersecurity and regulatory scrutiny, S&P Global appears well-positioned to navigate these challenges.
Financial Highlights
52 data points| Revenue | $15.34B |
| Cost of Revenue | $4.56B |
| Gross Profit | $10.77B |
| SG&A Expenses | $3.42B |
| Operating Expenses | $9.16B |
| Operating Income | $6.48B |
| Net Income | $4.47B |
| EPS (Basic) | $14.67 |
| EPS (Diluted) | $14.66 |
| Shares Outstanding (Basic) | 304.80M |
| Shares Outstanding (Diluted) | 305.10M |
Key Highlights
- 1S&P Global Inc. achieved strong revenue growth of 8% in 2025, reaching $15,336 million, driven by solid performance across all reportable segments.
- 2Operating profit increased by 16% to $6,478 million in 2025, reflecting improved operational efficiency and revenue growth.
- 3The company announced plans to separate its Mobility segment into a new publicly traded company, with the transaction anticipated for completion by mid-2026.
- 4Diluted earnings per share (EPS) saw a substantial increase of 19% to $14.66 in 2025.
- 5S&P Global returned approximately $15.1 billion to shareholders in 2025 through share repurchases ($11.6 billion) and dividends ($3.5 billion).
- 6The company continued to invest in strategic growth areas, including private markets, energy expansion, and AI integration, evidenced by several acquisitions in 2025 like With Intelligence and ProntoNLP.
- 7Market Intelligence and Ratings segments showed consistent revenue growth, driven by data and analytics solutions and credit rating services, respectively.