Core Viewpoint - S&P Global reported quarterly earnings of $4.37 per share, exceeding the Zacks Consensus Estimate of $4.22 per share, and showing an increase from $4.01 per share a year ago, indicating a positive earnings surprise of 3.55% [1] Financial Performance - The company achieved revenues of $3.78 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2% and up from $3.49 billion year-over-year [2] - Over the last four quarters, S&P Global has consistently exceeded consensus EPS estimates and revenue estimates [2] Stock Performance - S&P Global shares have declined approximately 3.8% since the beginning of the year, while the S&P 500 has seen a decline of 6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $4.31 on revenues of $3.72 billion, and for the current fiscal year, it is $16.97 on revenues of $14.96 billion [7] - The trend of estimate revisions for S&P Global is mixed, which may change following the recent earnings report [6] Industry Context - The Business - Information Services industry, to which S&P Global belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of S&P Global's stock may be influenced by the overall outlook for the industry [8]

Financial Data and Key Metrics Changes - Total revenue increased by 8% year over year, with subscription product revenue rising by 7% [10][34] - Adjusted diluted EPS grew by 9%, and there was a year-over-year margin expansion of 240 basis points [10][34] - The company returned over $900 million to shareholders through dividends and repurchases in the first quarter [10] Business Line Data and Key Metrics Changes - Market Intelligence revenue increased by 5%, with data analytics and insights products growing by 74% year over year [37] - Ratings revenue rose by 8%, with transaction revenue growing by 7% and non-transaction revenue increasing by 10% [41][42] - Commodity Insights revenue increased by 9%, driven by strong demand in Energy and Resource Data and Insight [43] - Mobility revenue grew by 9%, with dealer revenue increasing by 11% [46] Market Data and Key Metrics Changes - Build issuance increased by 9% year over year in the first quarter, driven by structured finance and bank loans [12] - Active users across Capital IQ platforms, Platts Connect, and Automotive Mastermind increased by 23% year over year [14] - The company expects build issuance to be approximately flat year over year, down from initial expectations of low single-digit growth [22] Company Strategy and Development Direction - The company announced its intent to separate its Mobility division into a standalone public company, expected to be completed in 12 to 18 months [11][27] - The separation aims to maximize shareholder value and enhance strategic focus [27][29] - The company continues to innovate in product offerings and customer engagement strategies [11][24] Management's Comments on Operating Environment and Future Outlook - Management noted unpredictable market movements, geopolitical risks, and regulatory fluidity impacting the operating environment [14][20] - There is optimism for long-term growth despite near-term headwinds, with recurring revenue accounting for approximately 75% of total revenue [18][19] - The company expects lower global GDP growth and slightly higher inflation than previously forecasted [21] Other Important Information - The company plans to host an Investor Day in November to provide updates on the separation and multiyear strategy [12][29] - The company integrated Visible Alpha data into Capital IQ Pro and launched an AI-powered tool for data ingestion [24][25] Q&A Session Summary Question: Timing and implications of the Mobility announcement - Management indicated that the decision was based on a thorough assessment and is expected to create long-term shareholder value [58][60] Question: Confidence in Market Intelligence revenue acceleration - Management expressed confidence due to stable retention rates and a strong sales pipeline, expecting stronger performance in the second half of the year [64][66] Question: Expense management levers - Management discussed monitoring headcount, incentive compensation, and third-party spending as key levers for managing expenses [70][72] Question: Issuance guidance and market conditions - Management expects build issuance to be flat for the year, with potential for opportunistic issuance despite market volatility [76][78] Question: Share count and M&A ambitions - Management confirmed no plans for transformative M&A, focusing instead on high-quality organic growth opportunities [83][84] Question: Performance of private credit ratings - Management noted strong demand for ratings in private credit, with expectations for moderate growth in the remainder of the year [88][89] Question: Holistic cost management approach - Management highlighted ongoing initiatives to simplify operations and improve productivity, indicating room for further cost optimization [92][95] Question: Customer behavior in subscription businesses - Management reported no major changes in customer behavior, with strong engagement and usage of subscription products [99][100]

Core Viewpoint - S&P Global plans to spin off its mobility division into an independent publicly traded company [1] Group 1 - The spin-off aims to enhance focus on the mobility sector and unlock value for shareholders [1] - The new company will operate independently, allowing for tailored strategies and growth opportunities [1] - This strategic move is part of S&P Global's broader initiative to streamline operations and concentrate on core business areas [1]

55 Water Street New York, NY 10041 www.spglobal.com Press Release For Immediate Release S&P Global Reports First Quarter Results, Announces Intended Separation of Mobility Division In a previous release, and as part of the Company's active portfolio optimization, S&P Global announced the planned divestiture of its OSTTRA Joint Venture for total consideration of $3.1 billion, to be divided equally pursuant to the 50/50 ownership with CME Group. The divestiture is expected to close in the second half of 2025. ...

The upcoming report from S&P Global (SPGI) is expected to reveal quarterly earnings of $4.22 per share, indicating an increase of 5.2% compared to the year-ago period. Analysts forecast revenues of $3.7 billion, representing an increase of 6.1% year over year. The current level reflects a downward revision of 1.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. ...

New CARFAX 'Recall Tracker' Sheds Light on the Nation's Most Urgent Auto Recalls CENTREVILLE, Va., April 24, 2025 /PRNewswire/ -- Over a decade since the National Highway Traffic Safety Administration (NHTSA) launched a nationwide recall due to the potentially life-threatening risks posed by Takata airbags, 5.7 million vehicles across the U.S. still carry these defective airbags, according to new data from CARFAX. In a sign of progress, CARFAX data shows the number of cars on the road with Takata airbags ha ...

NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- S&P Global (NYSE:SPGI) today announced an agreement to acquire the Automatic Identification System (AIS) data services business of ORBCOMM Inc. The AIS business is a leading provider of satellite data services used to track and monitor vessels, enhancing maritime visibility and delivering critical insights that support business intelligence and decision-making for government and commercial clients worldwide. Since 2004, ORBCOMM's AIS vessel tracking technology ha ...

Group 1 - The S&P Global Flash Australia PMI Composite Output Index decreased from 51.6 in March to 51.4 in April 2025, indicating continued growth in Australia's private sector but at a slower pace [1][3] - The private sector's business activity in April was supported by an increase in new business, with the fastest growth in manufacturing and services since April 2022 [1][2] - Despite a stable increase in employment, the backlog of work in private enterprises saw the largest growth in nearly three years, driven by rising demand [1][2] Group 2 - The overall sales price increase in Australia's private sector reached a nine-month high due to rising demand, although costs are also increasing rapidly [2] - Geopolitical uncertainties and the impact of U.S. tariff policies have weakened export performance and affected business confidence in April [2][3] - The manufacturing PMI output index fell from 51.8 in March to 51.5 in April, while the services PMI activity index decreased from 51.6 to 51.4 [3]

NEW YORK, April 21, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the launch of AI agent capabilities that utilize data from the commodity sector, seamlessly integrated with Microsoft 365 Copilot and powered by S&P Global's Commodity Insights AI Ready Data solution.The S&P Global AI agent on Microsoft 365 Copilot harnesses the expertise of S&P Global Commodity Insights, the leading independent provider of information, analysis, data, and benchmark prices for the commodities, energy, and energ ...

Virtual-only meeting at 8:00 a.m. (EDT) NEW YORK, April 14, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) will hold its Annual Meeting of Shareholders on May 7, 2025 at 8:00 a.m. (EDT) in a virtual-only meeting format. The Company's Proxy Statement and the latest Annual Report are available at www.spglobal.com/proxy. Shareholders of Record were mailed their proxy materials with instructions on how to attend, vote, and submit questions online. Richard Thornburgh, Chairman of the Board, will preside over the b ...