S&P Global(SPGI) - 2025 Q3 - Earnings Call Presentation

Financial Performance - 3Q 2025 - S&P Global's revenue increased by 9% to $3888 million in 3Q 2025, compared to $3575 million in 3Q 2024[41] - Operating profit increased by 16% to $2026 million, with an operating margin of 52.1%, a 330 bps increase from 48.8% in 3Q 2024[41] - Net income (less NCI) increased by 19% to $1442 million, compared to $1210 million in 3Q 2024[41] - Diluted EPS increased by 22% to $4.73, compared to $3.89 in 3Q 2024[41] - Adjusted Free Cash Flow, excluding certain items, increased by 6% to $1505 million[41] Segment Performance - 3Q 2025 - S&P Global Market Intelligence revenue increased by 6% to $1236 million, with a segment operating margin of 35.6%[71] - S&P Global Ratings revenue increased by 12% to $1240 million, with a segment operating margin of 67.1%[79] - S&P Global Commodity Insights revenue increased by 6% to $556 million, with a segment operating margin of 48.1%[86] - S&P Global Mobility revenue increased by 8% to $445 million, with a segment operating margin of 43.3%[92] - S&P Dow Jones Indices revenue increased by 11% to $462 million, with a segment operating margin of 71.2%[98] Updated 2025 Guidance - The company updated its 2025 revenue growth guidance from 5%-7% to 7%-8%[110, 116] - The company updated its 2025 diluted EPS guidance from $14.35-$14.60 to $14.80-$15.05 on a GAAP basis[110] and from $17.00-$17.25 to $17.60-$17.85 on an adjusted basis[116]