S&P Global Gears Up to Report Q3 Earnings: What's in the Offing?

Core Insights - S&P Global Inc. (SPGI) is set to announce its Q3 2025 results on October 30, with a history of exceeding earnings estimates in the past four quarters, averaging a surprise of 6.1% [1][9]. Revenue Expectations - The Zacks Consensus Estimate for SPGI's revenues is $3.8 billion, reflecting a 7.3% increase compared to the same quarter last year [2][11]. - Market Intelligence revenues are projected at $1.2 billion, indicating a 6.3% year-over-year growth, driven by revenue transformation and high demand for specific services [3]. - Ratings revenues are expected to reach $1.1 billion, up 1.6% from the previous year, supported by non-transaction revenues and a successful private credit strategy [4]. - Commodity Insights revenues are anticipated at $555.4 million, suggesting a 6.4% growth year-over-year, aided by enterprise contracts and strong performance in Global Trading Services [5]. - Mobility revenues are estimated to grow by 8.6% to $447.4 million, driven by increased dealer revenues and improved underwriting volumes [6]. - Indices revenues are expected to be $435.1 million, indicating a 4.6% rise year-over-year, influenced by higher asset-linked fees and increased trading volumes [7]. Profitability Metrics - Adjusted EBITDA is projected at $2.1 billion, a 3.6% increase from the prior year, with an adjusted EBITDA margin of 56.3%, slightly down from 57% [8]. - The consensus estimate for earnings per share (EPS) is $4.40, reflecting a 13.1% growth year-over-year, driven by increased revenues and expanded margins [8][11]. Earnings Prediction - The model predicts an earnings beat for SPGI, supported by a positive Earnings ESP of +1.66% and a Zacks Rank of 3 (Hold) [9].