Summary
S&P Global Inc. (SPGI) reported a strong third quarter and first nine months of 2025, demonstrating robust revenue and profit growth across its diverse business segments. Revenue increased by 9% year-over-year for the quarter and 8% for the nine-month period, driven by broad-based strength in Market Intelligence, Ratings, Commodity Insights, Mobility, and Indices. Net income attributable to S&P Global Inc. saw a significant increase of 21% for the quarter and 12% for the nine-month period, reflecting effective cost management and operational efficiencies. The company continues to execute on its strategic priorities, including enhancing customer experience, driving innovation with AI, and optimizing its capital allocation. Furthermore, S&P Global is progressing with its plan to separate its Mobility segment, aiming to create a more focused entity and unlock shareholder value. The company's financial health remains strong, supported by healthy operating cash flows and a solid liquidity position. S&P Global actively returned capital to shareholders through dividends and share repurchases, underscoring its commitment to shareholder value creation. Strategic acquisitions, such as the planned acquisition of With Intelligence, are expected to further bolster its Market Intelligence segment and expand its capabilities in private markets data and analytics. The company remains focused on navigating the evolving market landscape and leveraging its data and analytics expertise to drive sustainable growth.
Financial Highlights
50 data points| Revenue | $3.89B |
| Cost of Revenue | $1.12B |
| Gross Profit | $2.77B |
| SG&A Expenses | $805.00M |
| Operating Expenses | $2.22B |
| Operating Income | $1.68B |
| Net Income | $1.18B |
| EPS (Basic) | $3.86 |
| EPS (Diluted) | $3.86 |
| Shares Outstanding (Basic) | 304.30M |
| Shares Outstanding (Diluted) | 304.50M |
Key Highlights
- 1S&P Global reported a 9% revenue increase year-over-year for the third quarter and an 8% increase for the first nine months of 2025, reaching $3.9 billion and $11.4 billion respectively.
- 2Net income attributable to S&P Global Inc. rose significantly, up 21% for the quarter to $1.176 billion and 12% for the nine-month period to $3.337 billion.
- 3Operating profit showed strong growth, increasing by 17% for the quarter to $1.675 billion and 12% for the nine-month period to $4.804 billion.
- 4All five reportable segments (Market Intelligence, Ratings, Commodity Insights, Mobility, and Indices) contributed to the revenue growth.
- 5The company announced plans to separate its Mobility segment into a new publicly traded company, expected to be completed within 12-18 months.
- 6S&P Global continues to return capital to shareholders, with significant share repurchases totaling $2.5 billion in the first nine months of 2025.
- 7A significant acquisition in the Market Intelligence segment is planned: With Intelligence, for $1.8 billion, expected to close in late 2025 or early 2026.