SPGI Stock - S&P Global Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $14.21B | $12.50B | $11.18B | $8.30B | $7.44B |
| Gross Profit | $9.82B | $8.36B | $7.43B | $6.12B | $5.35B |
| Gross Margin | 69.1% | 66.9% | 66.4% | 73.7% | 71.9% |
| Operating Income | $5.58B | $4.02B | $4.94B | $4.22B | $3.62B |
| Net Income | $3.85B | $2.63B | $3.25B | $3.02B | $2.34B |
| Net Margin | 27.1% | 21.0% | 29.0% | 36.4% | 31.4% |
| EPS | $12.36 | $8.25 | $10.25 | $12.56 | $9.71 |
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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions. The S&P Global Ratings division operates as an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings, and benchmarks. The S&P Dow Jones Indices division is an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. The S&P Global Commodity Insights division offers data and insights for global energy and commodity markets and enable its customers to make decisions. The S&P Global Market Intelligence division delivers data and technology solutions for customers to provide insights for making decisions. It offers data and services that bring end-to-end workflow solutions, including capital formation, data and distribution, ESG and sustainability, leveraged loans, private markets, sector coverage, supply chain, and issuer solutions, as well as credit, risk, and regulatory solutions. The S&P Global Mobility division provides insights derived from unmatched automotive data, enabling its customers to anticipate change and make decisions. The S&P Global Engineering Solutions division offers engineering expertise and solutions in industries, such as aerospace and defense, energy, architecture, construction, and transportation. Its solutions empower business and technical leaders to transform workflows and make decisions. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 1st 2025 | Seaport Research Partners | Initiation | Buy | $540 |
| April 10th 2025 | BofA Securities | Resumed | Buy | $600 |
| March 12th 2025 | Mizuho | Initiation | Outperform | $599 |
| December 20th 2024 | Citigroup | Initiation | Buy | $600 |
| October 2nd 2024 | Evercore ISI | Initiation | Outperform | $599 |
| September 23rd 2024 | Raymond James | Downgrade | Market Perform | - |
| August 13th 2024 | Wells Fargo | Initiation | Overweight | $575 |
| October 16th 2023 | Jefferies | Resumed | Buy | $430← $457 |
| September 14th 2023 | Wolfe Research | Initiation | Outperform | $453 |
| June 15th 2023 | BofA Securities | Initiation | Buy | - |
| May 9th 2023 | Wells Fargo | Initiation | Overweight | $415 |
| November 7th 2022 | Atlantic Equities | Upgrade | Overweight | $386← $356 |
| October 25th 2022 | Jefferies | Resumed | Buy | $397← $430 |
| May 17th 2022 | Redburn | Initiation | Buy | - |
Earnings History & Surprises
SPGIEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 10, 2026 | $4.22 | — | — | — |
Q4 2025 | Oct 30, 2025 | $4.42 | $4.73 | +7.0% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $4.21 | $4.43 | +5.2% | ✓ BEAT |
Q2 2025 | Apr 29, 2025 | $4.20 | $4.37 | +4.0% | ✓ BEAT |
Q1 2025 | Feb 11, 2025 | $3.47 | $3.77 | +8.6% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $3.64 | $3.89 | +6.9% | ✓ BEAT |
Q3 2024 | Jul 30, 2024 | $3.65 | $4.04 | +10.7% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $3.66 | $4.01 | +9.6% | ✓ BEAT |
Q1 2024 | Feb 8, 2024 | $3.15 | $3.13 | -0.6% | ✗ MISS |
Q4 2023 | Nov 2, 2023 | $3.05 | $3.21 | +5.2% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $3.12 | $3.12 | 0.0% | = MET |
Q2 2023 | Apr 27, 2023 | $2.91 | $3.15 | +8.2% | ✓ BEAT |
Q1 2023 | Feb 9, 2023 | $2.47 | $2.54 | +2.8% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $2.79 | $2.93 | +5.0% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $2.94 | $2.81 | -4.4% | ✗ MISS |
Q2 2022 | May 3, 2022 | $3.00 | $2.89 | -3.7% | ✗ MISS |
Q1 2022 | Feb 8, 2022 | $3.13 | $3.15 | +0.6% | ✓ BEAT |
Q4 2021 | Oct 26, 2021 | $3.15 | $3.54 | +12.4% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $3.27 | $3.62 | +10.7% | ✓ BEAT |
Latest News
S&P Global Prices $1B Private Placement Of Senior Notes: $600M 4.25% Due 2031 And $400M 4.8% Due 2035 For General Corporate Purposes
➖ NeutralS&P Global Renames Commodity Insights Division As S&P Global Energy
➖ NeutralS&P Global To Introduce Financial Targets At Investor Day 2025 Including 7-9% Organic Constant Currency Revenue Growth And 50-75 bps Adj. Operating Margin Expansion
📈 PositiveS&P Global Announces New Share Repurchase Program Up To 30M Shares
📈 PositiveJP Morgan Maintains Overweight on S&P Global, Lowers Price Target to $615
➖ NeutralEvercore ISI Group Maintains Outperform on S&P Global, Raises Price Target to $629
📈 PositiveS&P Global shares are trading higher after the company reported Q3 results above estimates and raised its full-year guidance.
📈 PositiveS&P Global Non-GAAP EPS of $4.73 beats by $0.32, revenue of $3.89B beats by $60M
📈 PositiveS&P Global Raises FY2025 Adj EPS Guidance from $17.00-$17.25 to $17.60-$17.85 vs $17.37 Est; Raises FY2025 Sales Guidance from $14.918B-$15.203B to $15.203B-$15.345B vs $15.181B Est
📈 PositiveS&P Global Raises FY2025 GAAP EPS Guidance from $14.35-$14.60 to $14.80-$15.05 vs $14.38 Est; Raises FY2025 Sales Guidance from $14.918B-$15.203B to $15.203B-$15.345B vs $15.181B Est
📈 PositiveS&P Global Q3 Adj. EPS $4.73 Beats $4.41 Estimate, Sales $3.888B Beat $3.829B Estimate
📈 PositiveBMO Capital Maintains Outperform on S&P Global, Lowers Price Target to $558
➖ NeutralMizuho Maintains Outperform on S&P Global, Raises Price Target to $643
📈 PositiveS&P Global To Acquire With Intelligence For $1.8B
📈 PositiveEvercore ISI Group Maintains Outperform on S&P Global, Raises Price Target to $619
📈 PositiveMorgan Stanley Maintains Overweight on S&P Global, Raises Price Target to $620
📈 PositiveS&P Global Appoints Catherine Clay As CEO Of S&P Dow Jones Indices, Effective November 1, Succeeding Dan Draper
➖ NeutralSeaport Global Initiates Coverage On S&P Global with Buy Rating, Announces Price Target of $540
📈 PositiveWells Fargo Maintains Overweight on S&P Global, Raises Price Target to $661
📈 PositiveNovata Expands Collaboration With S&P Global Sustainable1 Uniting Sustainability Intelligence With Data Management Technology
📈 PositiveFrequently Asked Questions about SPGI
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