NYSE$SPGI
S&P Global Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
S&P Global reported strong Q4 2024 results with a 14% revenue increase to $3.592 billion, driven by growth in all segments. GAAP net income surged 52% to $880 million, while adjusted net income rose 18% to $1.163 billion. GAAP EPS increased 56% to $2.85, and adjusted EPS grew 20% to $3.77.
Headline financials
Revenue & EPS history
S&P Global · Revenue · Quarterly
$3.59B
Revenue by segment
S&P Global · $3.13B total across 5 segments · Q3 2023
- Market Intelligence$1.1B+8.2%35.1%
- Ratings$819M+20.3%26.2%
- Commodity Insights$479M+10.9%15.3%
- Mobility$379M+9.5%12.1%
- Indices$354M+6.0%11.3%
Forward guidance
S&P Global expects 2025 revenue growth of 5.0%-7.0%, with GAAP EPS between $14.20-$14.45 and adjusted EPS between $17.00-$17.25.
Tailwinds
- Projected revenue growth of 5.0%-7.0%.
- GAAP EPS forecasted between $14.20-$14.45.
- Adjusted EPS forecasted between $17.00-$17.25.
- 85% or more of adjusted free cash flow to be returned to shareholders.
- Strong demand for Ratings and Indices segments expected.
Headwinds
- Higher interest expense projected at $295-$305 million.
- Operating profit margin expected to decline slightly from Q4 2024.
- Increased deal-related amortization of ~$1.13 billion.
- Corporate unallocated expenses forecasted at $230-$240 million.
- Potential macroeconomic headwinds affecting growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.6%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.0%
Avg return
30 days after
58%
42 / 73 earnings
Positive
+9.8%
Q4 2017
Best reaction
-9.7%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | -2.6% | -4.6% | |
| Q4 2025 | -9.7% | -7.8% | -5.5% | |
| Q3 2025 | +3.9% | +5.5% | +5.4% | |
| Q2 2025 | +4.1% | +6.4% | +3.6% | |
| Q1 2025 | +2.6% | +5.7% | +7.2% | |
| Q4 2024 | +4.9% | +4.7% | -6.9% | |
| Q3 2024 | -4.0% | -4.7% | +0.7% | |
| Q2 2024 | -1.0% | -0.8% | +3.7% | |
| Q1 2024 | +0.6% | +0.6% | +6.0% | |
| Q4 2023 | -4.7% | -8.1% | -6.8% | |
| Q3 2023 | +9.0% | +9.4% | +20.1% | |
| Q2 2023 | -8.5% | -7.0% | -9.4% | |
| Q1 2023 | +6.6% | +4.7% | +6.1% | |
| Q4 2022 | -0.5% | -0.3% | -10.7% | |
| Q3 2022 | +4.9% | +1.5% | +14.9% | |
| Q2 2022 | -2.1% | +0.2% | -6.4% | |
| Q1 2022 | -0.8% | -5.9% | -6.6% | |
| Q4 2021 | +0.5% | +7.0% | +10.0% | |
| Q3 2021 | +3.4% | +6.0% | +3.6% | |
| Q2 2021 | +4.2% | +5.9% | +6.5% | |
| Q1 2021 | +2.7% | +4.5% | -0.2% | |
| Q4 2020 | +2.3% | +4.3% | +6.1% | |
| Q3 2020 | -2.1% | -3.2% | +1.3% | |
| Q2 2020 | +2.4% | -0.3% | +3.6% | |
| Q1 2020 | +1.1% | -1.8% | +9.5% | |
| Q4 2019 | +0.2% | -0.2% | -8.0% | |
| Q3 2019 | +2.4% | +4.1% | +6.8% | |
| Q2 2019 | +3.7% | +0.4% | +6.2% | |
| Q1 2019 | -0.7% | -2.2% | -2.5% | |
| Q4 2018 | +0.3% | +1.2% | +1.8% | |
| Q3 2018 | -3.6% | -0.7% | -1.7% | |
| Q2 2018 | -5.1% | -6.7% | -5.6% | |
| Q1 2018 | -1.3% | +0.2% | +5.7% | |
| Q4 2017 | +9.8% | +6.7% | +15.7% | |
| Q3 2017 | +0.8% | -2.8% | +2.0% | |
| Q2 2017 | -0.7% | +0.0% | -2.1% | |
| Q1 2017 | +0.2% | +0.2% | +5.1% | |
| Q4 2016 | +1.8% | +2.8% | +6.7% | |
| Q3 2016 | +2.6% | +5.8% | -3.2% | |
| Q2 2016 | +4.1% | +2.3% | +3.5% | |
| Q1 2016 | +4.6% | — | — | |
| Q4 2015 | +6.2% | — | — | |
| Q3 2015 | +5.5% | — | — | |
| Q2 2015 | -6.8% | — | — | |
| Q1 2015 | +0.4% | — | — | |
| Q4 2014 | +4.1% | — | — | |
| Q3 2014 | +4.3% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | +3.4% | — | — | |
| Q3 2013 | +1.4% | — | — | |
| Q2 2013 | +1.7% | — | — | |
| Q1 2013 | +1.0% | — | — | |
| Q4 2012 | +0.1% | — | — | |
| Q3 2012 | -7.5% | — | — | |
| Q2 2012 | +4.5% | — | — | |
| Q1 2012 | -2.3% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2011 | +4.2% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q1 2011 | -2.3% | — | — | |
| Q4 2010 | -1.0% | — | — | |
| Q3 2010 | +0.2% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q1 2009 | +1.4% | — | — | |
| Q1 2010 | -0.7% | — | — | |
| Q4 2009 | -0.4% | — | — | |
| Q4 2007 | -0.4% | — | — | |
| Q3 2009 | +3.3% | — | — | |
| Q3 2008 | +3.3% | — | — | |
| Q2 2008 | -4.8% | — | — | |
| Q2 2009 | -4.8% | — | — | |
| Q4 2008 | -4.8% | — | — |
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