SPGI
S&P Global Inc.499.86
+0.23+0.05%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Guidance color, AI tailwind reaffirmed
Q&A unpacked Ratings' cautious low-to-mid single-digit billed issuance guide, citing no massive maturity wall pull-forward, modest M&A, and tempered hyperscale debt despite tailwinds. MI volumes fluctuated normally across products like ClearPar down on loans but munis up; subscriptions and ACV accelerated to 6.5%-7%. AI prompts dismissed disruption fears—management framed it as tailwind via partnerships, add-ons, and customer workflow stickiness. Aggressive Q1 buybacks hit $1B. Answers directly tackled softness and competition. Prudent yet confident; watch issuance mix, AI traction.
Key Stats
Market Cap
152.61BP/E (TTM)
36.35Basic EPS (TTM)
13.75Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
S&P Global delivered FY2025 revenue of $15.3B, up 8% y/y, with operating profit surging 16% to $6.5B amid gains from the OSTTRA sale. Q4 momentum shone through Ratings' 8% revenue rise on CLO issuance and surveillance, Indices' 14% jump via 25% ETF AUM growth to $5.5T, and Energy's 7% gain from CERAWeek attendance. Margins expanded across segments on revenue leverage, yet comp rose with headcount. Free cash flow hit $5.1B; $5B buybacks trimmed shares 3%, dividends climbed to $0.96/share quarterly. Mobility spin eyed mid-2026. Cyber risks loom large.
8-K
Q4 revenue +9%, strong EPS growth
S&P Global posted Q4 revenue up 9% to $3.916B and full-year up 8% to $15.336B, with GAAP EPS soaring 32% to $3.75 and 19% to $14.66. Ratings jumped 12%, Indices 14%, yet margins expanded amid divestiture gains. Returned $6.2B to shareholders. 2026 guides 6-8% organic growth, EPS $19.40-$19.65; Mobility spin looms mid-year.
8-K
Appoints Joly to Board
S&P Global appointed Hubert Joly, ex-Best Buy CEO and Harvard lecturer, to its Board effective January 2, 2026, expanding from ten to eleven directors. Joly joins the Audit and Compensation Committees, bringing leadership and change expertise amid tech transformation. Board gains a proven turnaround hand.
8-K
S&P issues $1B notes
S&P Global completed a $600M 4.250% senior notes offering due 2031 and $400M 4.800% due 2035 on December 4, 2025, via private placement to qualified buyers. Proceeds target general corporate purposes like acquisitions, debt refinancing, or stock repurchases. Covenants restrict secured debt and mergers. Holders can force repurchase at 101% on change of control.
8-K
Prices $1B notes offering
S&P Global priced $600M 4.250% senior notes due 2031 and $400M 4.800% notes due 2035 in a private Rule 144A/Reg S offering, guaranteed by Standard & Poor's Financial Services LLC. Closing set for December 4, 2025, subject to conditions. Proceeds target general corporate uses like acquisitions or debt refinancing. Notes lock in fixed rates.
IPO
Website
Employees
Sector
Industry
CBOE
Cboe Global Markets, Inc.
248.99+2.24
CME
CME Group Inc.
272.95+0.77
COIN
Coinbase Global, Inc.
252.61+2.19
FRGE
Forge Global Holdings, Inc.
44.45+0.10
GS
Goldman Sachs Group, Inc. (The)
879.15-10.44
ICE
Intercontinental Exchange Inc.
160.05-0.87
MORN
Morningstar, Inc.
209.70-1.01
MSCI
MSCI Inc.
551.23-2.28
SPIR
Spire Global, Inc.
9.27+0.19
XP
XP Inc.
16.56-1.03