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S&P Global (SPGI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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S&P Global (SPGI - Free Report) reported $3.76 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 5.8%. EPS of $4.43 for the same period compares to $4.04 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $3.68 billion, representing a surprise of +1.99%. The company delivered an EPS surprise of +4.24%, with the consensus EPS estimate being $4.25.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how S&P Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Total revenue- Market Intelligence: $1.22 billion versus $1.21 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
  • Total revenue- Ratings: $1.15 billion versus the seven-analyst average estimate of $1.11 billion. The reported number represents a year-over-year change of +1.2%.
  • Total revenue- Commodity Insights: $555 million compared to the $553.51 million average estimate based on seven analysts. The reported number represents a change of +7.6% year over year.
  • Total revenue- Mobility: $438 million versus $430.29 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +9.5% change.
  • Total revenue- Indices: $446 million versus $434.9 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
  • Total revenue- Intersegment Elimination: $-49 million versus $-47.78 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +6.5% change.
  • Revenue by Type- Indices- Asset Linked Fees: $286 million versus the four-analyst average estimate of $282.17 million. The reported number represents a year-over-year change of +16.7%.
  • Revenue by Type- Non-subscription / Transaction: $745 million versus the four-analyst average estimate of $580.06 million. The reported number represents a year-over-year change of -4.1%.
  • Revenue by Type- Non-transaction Revenue: $502 million versus $529.98 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.4% change.
  • Revenue by Type- Indices- Subscription revenue: $80 million versus the four-analyst average estimate of $77.25 million. The reported number represents a year-over-year change of +8.1%.
  • Revenue by Type- Indices- Sales Usage-Based Royalties: $80 million compared to the $75.38 million average estimate based on four analysts. The reported number represents a change of +14.3% year over year.
  • Adjusted Operating Profit- Market Intelligence: $430 million compared to the $402.17 million average estimate based on five analysts.

View all Key Company Metrics for S&P Global here>>>

Shares of S&P Global have returned +0.7% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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