S&P Global (NYSE:SPGI) Issues Earnings Results

S&P Global (NYSE:SPGI) announced its quarterly earnings data on Tuesday. The business services provider reported $4.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.15, FiscalAI reports. The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the business earned $4.73 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year.

Here are the key takeaways from S&P Global’s conference call:

• Third-quarter results exceeded expectations, with revenue up 7%, adjusted operating profit up 8%, EPS up 9%, and 60 basis points of margin expansion. Management raised full-year organic constant-currency growth guidance to 7.5%-8.5%, margin expansion to 75-100 basis points, and adjusted EPS to $17.70-$17.95.
• Indices remained a major growth driver, with revenue up 20%, ETF assets under management reaching a record $6.5 trillion, and exchange-traded derivatives revenue rising 19%. The extended Cboe agreement is expected to provide a couple of percentage points of incremental index revenue growth in 2027.
• Demand for AI-ready data and tools is accelerating, contributing roughly 50 basis points of growth in both Energy and Market Intelligence. AI customers are expanding spending faster than other customers, while API call volume rose nearly 50% sequentially and more than 4,000% year over year.
• S&P Global initiated a strategic review of Capital IQ and related data businesses, including parts of Kensho Data and Platforms, with a potential separation under consideration. Management views the review as a way to unlock value and create a more focused company, but the perimeter, transaction structure, timing, and outcome remain uncertain, with a meaningful update unlikely before February.
• Ratings growth moderated to 2% as the company faces difficult comparisons, while management expects a slight fourth-quarter decline in transaction revenue. Energy also benefited from unusually strong one-time sales in the third quarter that may not recur, creating a potential headwind to near-term reported growth.

S&P Global Stock Performance

Shares of SPGI opened at $449.77 on Wednesday. The company’s fifty day moving average is $419.64 and its 200 day moving average is $432.90. S&P Global has a fifty-two week low of $381.61 and a fifty-two week high of $552.25.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $490.00 target price on shares of S&P Global in a research note on Friday, October 16th. Barclays decreased their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Bank of America dropped their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Mizuho dropped their price objective on shares of S&P Global from $554.00 to $531.00 and set an “outperform” rating for the company in a report on Monday, October 5th. Finally, Robert W. Baird set a $513.00 price objective on S&P Global in a research report on Wednesday, September 2nd. Eighteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $518.12.

S&P Global News Roundup

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Third-quarter results exceeded expectations. S&P Global reported adjusted EPS of $4.58 versus the $4.43 consensus estimate and revenue of $3.68 billion versus expectations of $3.64 billion. Revenue increased 6.8% year over year, led by strength in Indices and Market Intelligence. S&P Global Reports Third Quarter Results
• Positive Sentiment: Management raised its full-year outlook. The improved guidance reinforces investor confidence that demand for credit ratings, indices and financial information remains resilient, despite EPS being below the year-ago period. S&P Global Beats Q3 Earnings
• Positive Sentiment: Capital returns remain substantial. Full-year share repurchases are expected to exceed $7 billion, potentially supporting per-share earnings and signaling management’s confidence in the company’s cash generation. S&P Global: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Strategic growth initiatives broaden S&P Global’s reach. The company completed its OpenZeppelin acquisition, expanding its digital-asset and on-chain security capabilities, and partnered with Kalshi to license S&P DJI index contracts for prediction markets. These initiatives could create new revenue opportunities but are unlikely to materially affect near-term earnings. S&P Global Completes Acquisition of OpenZeppelin
• Negative Sentiment: The Capital IQ review is driving investor caution. S&P Global is evaluating alternatives for Capital IQ and associated data operations, including a possible separation. While a spin-off could unlock value, investors are focused on execution risks, possible dis-synergies and the uncertainty of “spinoff math,” which has outweighed the earnings beat in the immediate reaction. S&P Global explores potential separation of Capital IQ business

S&P Global Company Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.