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S&P Global Q3 Earnings & Revenues Outpace Estimates, Increase Y/Y
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Key Takeaways
S&P Global's Q3 adjusted EPS of $4.73 rose 21.6% y/y, topping estimates.
Revenues grew 8.8% to $3.9B, led by 12% growth in Ratings and solid gains across segments.
The company raised its 2025 EPS and revenue growth guidance after a strong quarterly showing.
S&P Global Inc. (SPGI - Free Report) has reported impressive third-quarter 2025 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.
SPGI’s adjusted earnings per share (EPS) of $4.73 surpassed the Zacks Consensus Estimate by 7.5% and gained 21.6% year over year. Revenues of $3.9 billion beat the consensus estimate by 1.4% and grew 8.8% year over year.
The SPGI stock has declined 5.2% in the past six months compared with the 5% decline of its industry and 25.2% growth of the Zacks S&P 500 Composite.
Revenues from Marketing Intelligence were $1.2 billion, which increased 6% from the year-ago reported figure and met our estimate. Ratings revenues in the third quarter of 2025 grew 12% to $1.2 billion and surpassed our projection of $1.1 billion.
Revenues from Commodity Insights were $556 million, rising 6% from the year-ago quarter and missing our estimate of $555.4 million.
Revenues from the Mobility and Indices segments saw year-over-year increases of 8% and 11% to $445 million and $462 million, respectively. Mobility revenues missed our projection of $447.4 million, while Indices beat our estimation of $435.1 million.
Adjusted operating profit was $2 billion, increasing 16% on a year-over-year basis. The adjusted operating profit margin was 52%, rising 330 basis points from the year-ago reported figure.
Balance Sheet & Cash Flow of SPGI
S&P Global exited the third quarter of 2025 with cash, cash equivalents and restricted cash of $1.7 billion compared with $1.8 billion in the preceding quarter. The long-term debt was $11.4 billion, flat with the second quarter of 2025.
SPGI generated $1.5 billion in cash from operating activities in the quarter. Capital expenditure was $46 million. The free cash flow was $1.4 billion. The company returned $291 million in the form of dividends.
S&P Global’s 2025 Outlook
SPGI has raised its adjusted EPS guidance to $17.60-$17.85 from the preceding quarter’s view of $17.00-$17.25. The guided range is higher than the Zacks Consensus Estimate for EPS of $17.29. The revenue growth guidance has been hiked to 7-8% from the 5-7% provided in the preceding quarter. The company’s capital expenditure guidance is $180-$190 million.
VRSK’s adjusted earnings were $1.72 per share, surpassing the Zacks Consensus Estimate by 1.8% and increasing 3% from the year-ago quarter. Total revenues of $768.3 million missed the consensus estimate marginally but increased 5.9% on a year-over-year basis.
TRU’s quarterly adjusted earnings (adjusting 61 cents from non-recurring items) of $1.10 per share surpassed the consensus mark by 5.8% and increased by the same margin year over year. Total revenues of $1.2 billion outpaced the consensus mark by 3.1% and increased 7.8% from the year-ago quarter.
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S&P Global Q3 Earnings & Revenues Outpace Estimates, Increase Y/Y
Key Takeaways
S&P Global Inc. (SPGI - Free Report) has reported impressive third-quarter 2025 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.
SPGI’s adjusted earnings per share (EPS) of $4.73 surpassed the Zacks Consensus Estimate by 7.5% and gained 21.6% year over year. Revenues of $3.9 billion beat the consensus estimate by 1.4% and grew 8.8% year over year.
The SPGI stock has declined 5.2% in the past six months compared with the 5% decline of its industry and 25.2% growth of the Zacks S&P 500 Composite.
S&P Global Inc. Price and EPS Surprise
S&P Global Inc. price-eps-surprise | S&P Global Inc. Quote
S&P Global’s Quarterly Details
Revenues from Marketing Intelligence were $1.2 billion, which increased 6% from the year-ago reported figure and met our estimate. Ratings revenues in the third quarter of 2025 grew 12% to $1.2 billion and surpassed our projection of $1.1 billion.
Revenues from Commodity Insights were $556 million, rising 6% from the year-ago quarter and missing our estimate of $555.4 million.
Revenues from the Mobility and Indices segments saw year-over-year increases of 8% and 11% to $445 million and $462 million, respectively. Mobility revenues missed our projection of $447.4 million, while Indices beat our estimation of $435.1 million.
Adjusted operating profit was $2 billion, increasing 16% on a year-over-year basis. The adjusted operating profit margin was 52%, rising 330 basis points from the year-ago reported figure.
Balance Sheet & Cash Flow of SPGI
S&P Global exited the third quarter of 2025 with cash, cash equivalents and restricted cash of $1.7 billion compared with $1.8 billion in the preceding quarter. The long-term debt was $11.4 billion, flat with the second quarter of 2025.
SPGI generated $1.5 billion in cash from operating activities in the quarter. Capital expenditure was $46 million. The free cash flow was $1.4 billion. The company returned $291 million in the form of dividends.
S&P Global’s 2025 Outlook
SPGI has raised its adjusted EPS guidance to $17.60-$17.85 from the preceding quarter’s view of $17.00-$17.25. The guided range is higher than the Zacks Consensus Estimate for EPS of $17.29. The revenue growth guidance has been hiked to 7-8% from the 5-7% provided in the preceding quarter. The company’s capital expenditure guidance is $180-$190 million.
S&P Global carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Snapshot
Verisk (VRSK - Free Report) posted impressive third-quarter fiscal 2025 results.
VRSK’s adjusted earnings were $1.72 per share, surpassing the Zacks Consensus Estimate by 1.8% and increasing 3% from the year-ago quarter. Total revenues of $768.3 million missed the consensus estimate marginally but increased 5.9% on a year-over-year basis.
TransUnion (TRU - Free Report) reported impressive third-quarter 2025 results.
TRU’s quarterly adjusted earnings (adjusting 61 cents from non-recurring items) of $1.10 per share surpassed the consensus mark by 5.8% and increased by the same margin year over year. Total revenues of $1.2 billion outpaced the consensus mark by 3.1% and increased 7.8% from the year-ago quarter.