S&P Global ( (SPGI) ) has released its Q4 earnings. Here is a breakdown of the information S&P Global presented to its investors.
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S&P Global, a leading provider of essential intelligence and analytics in the global capital, commodity, and automotive markets, has announced its financial results for the fourth quarter and full year 2024, showcasing significant growth across its divisions. The company, known for offering credit ratings, benchmarks, and data-driven insights, continues to bolster its position as a critical player in the financial services industry.
The earnings report highlights a robust financial performance for S&P Global in 2024, with a 14% increase in revenue year-over-year, reaching $14.208 billion. The Ratings division played a pivotal role in this growth, contributing significantly to the 47% rise in GAAP net income to $3.852 billion. Additionally, the company reported a 56% increase in GAAP diluted earnings per share (EPS) for the fourth quarter, driven by a strong net income of $880 million.
Strategic highlights from the report include the successful leadership transition with Martina Cheung assuming the role of President and CEO, and the company’s return of more than $4.4 billion to shareholders via dividends and share repurchases. S&P Global also exceeded its guidance for revenue growth, operating profit margin, and EPS on both GAAP and adjusted bases, underscoring its operational efficiency and strategic focus.
Looking ahead, S&P Global anticipates continued profitable growth in 2025, with projected revenue growth of 5%-7% and adjustments in its diluted EPS ranging from $14.20 to $17.25. The company remains committed to returning 85% or more of its adjusted free cash flow to shareholders, demonstrating confidence in its financial stability and future performance.
Overall, S&P Global’s 2024 financial results reflect the company’s strong market position and the strategic initiatives undertaken to drive growth and shareholder value. As the financial services landscape evolves, S&P Global is well-positioned to continue delivering essential intelligence and insights to its global clientele.
