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].

Financial Highlights - S&P Global's revenue increased by 6% year-over-year[18], reaching $3755 million[42] - Subscription product revenue grew by 7% year-over-year[18] - Adjusted operating profit increased by 7% year-over-year[18], from $1749 million to $1823 million[44] - Adjusted diluted EPS increased by 10% year-over-year[18], reaching $4.43[45] - The company returned nearly $950 million to shareholders through dividends and share repurchases[18] Segment Performance - Market Intelligence revenue increased by 5%[42], totaling $1217 million[50], with organic constant currency revenue growth of 7%[51] - S&P Global Ratings revenue increased by 1%[42], reaching $1148 million[56], with transaction revenue decreasing by 4% year-over-year and non-transaction revenue increasing by 8% year-over-year[57] - Commodity Insights revenue increased by 8%[42], totaling $555 million[61], with organic constant currency revenue growth of 8%[62] - Mobility revenue increased by 10%[42], reaching $438 million[65], with organic constant currency revenue growth of 10%[66] - S&P Dow Jones Indices revenue increased by 15%[42], totaling $446 million[70], with organic constant currency revenue growth of 15%[71] Strategic Initiatives - Active users of Spark Assist have increased from approximately 30% to over 65%[33] - The number of internally published use cases, or "Sparks", has increased from 1300 to more than 3000[33] Market Conditions - Billed issuance decreased by 4%[24], from $1062 billion to $1017 billion[22]