The earnings call highlighted strong revenue growth, margin expansion, and successful capital returns. Significant achievements in AI initiatives and indices performance were noted. However, there were challenges with Billed Issuance decline and sanctions impacting Commodity Insights.

Company Guidance -

Q3 2025

During the S&P Global's Second Quarter 2025 Earnings Conference Call, the company provided several key metrics and guidance for the future. The company reported a 6% year-over-year increase in overall revenue, with subscription revenue rising by 7%. They achieved a 150 basis point expansion in trailing 12-month margins. S&P Global returned nearly $950 million to shareholders in the second quarter through dividends and share repurchases. The Market Intelligence division saw a 7% organic constant currency revenue growth and over 200 basis points of margin expansion. Private markets revenue also showed strong growth, with a particular emphasis on the Ratings business. The company continues to focus on artificial intelligence, having introduced new products and reached milestones with hyperscale partners to expand data distribution. For the remainder of the year, the company anticipates total revenue growth between 5% to 7%, expects adjusted margins of 48.5% to 49.5%, and projects adjusted diluted EPS in the range of $17 to $17.25, which represents a 10% growth year-over-year at the high end.

Strong Revenue Growth

Revenue increased 6% year-over-year, with subscription revenue increasing 7%. Market Intelligence division saw an acceleration to 7% organic constant currency revenue growth.

Margin Expansion

The company delivered 150 basis points of trailing 12-month margin expansion.

Capital Returns

Nearly $950 million returned to shareholders in the second quarter through dividends and share repurchases.

Private Markets Growth

Private markets revenue saw solid growth in the second quarter, with private credit being a major driver.

AI and Data Innovations

Progress in AI and data distribution strategy with hyperscale partners and introduction of AI-powered tools like CreditCompanion and SPICE index builder.

Indices Performance

S&P Dow Jones Indices revenue increased 15%, driven by higher AUM and strength in Exchange-Traded Derivative revenue.

S&P Global (SPGI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SPGI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	4.27 / -	3.89	―	―	―
Jul 31, 2025	2025 (Q2)	4.21 / 4.43	4.04	9.65% (+0.39)
Apr 29, 2025	2025 (Q1)	4.20 / 4.37	4.01	8.98% (+0.36)
Feb 11, 2025	2024 (Q4)	3.47 / 3.77	3.13	20.45% (+0.64)
Oct 24, 2024	2024 (Q3)	3.64 / 3.89	3.21	21.18% (+0.68)
Jul 30, 2024	2024 (Q2)	3.64 / 4.04	3.12	29.49% (+0.92)
Apr 25, 2024	2024 (Q1)	3.65 / 4.01	3.15	27.30% (+0.86)
Feb 08, 2024	2023 (Q4)	3.15 / 3.13	2.54	23.23% (+0.59)
Nov 02, 2023	2023 (Q3)	3.04 / 3.21	2.93	9.56% (+0.28)
Jul 27, 2023	2023 (Q2)	3.12 / 3.12	2.81	11.03% (+0.31)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SPGI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$529.33	$551.10	+4.11%
Apr 29, 2025	$478.48	$490.85	+2.59%
Feb 11, 2025	$513.42	$538.53	+4.89%
Oct 24, 2024	$508.16	$490.55	-3.47%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does S&P Global (SPGI) report earnings?

S&P Global (SPGI) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is S&P Global (SPGI) earnings time?

S&P Global (SPGI) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SPGI EPS forecast?

SPGI EPS forecast for the fiscal quarter 2025 (Q3) is 4.27.

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