S&P Global Inc. reported a revenue increase of 8% for the first quarter of 2025, reaching $3.777 billion compared to $3.491 billion in the same period last year. The company's net income also rose by 10% to $1.171 billion, up from $1.068 billion in the prior year. Earnings per share increased to $3.54, compared to $3.16 in the first quarter of 2024. The operating profit for the quarter was $1.578 billion, reflecting a 14% increase from $1.385 billion in the previous year, driven by growth across all reportable segments.
The financial performance was bolstered by significant contributions from the Ratings and Market Intelligence segments, which saw revenue increases of 8% and 5%, respectively. Ratings benefited from higher transaction and non-transaction revenue, while Market Intelligence's growth was attributed to subscription revenue from its Data, Analytics & Insights offerings, aided by the acquisition of Visible Alpha in May 2024. The company also noted a negative impact of 1% from foreign exchange rates on revenue.
In terms of strategic developments, S&P Global announced plans to separate its Mobility segment into a standalone publicly traded company, a move expected to be tax-free for shareholders and completed within 12 to 18 months, pending regulatory approvals. Additionally, the company entered into an agreement to acquire the Automatic Identification System (AIS) data services business from ORBCOMM Inc., which will enhance its Market Intelligence segment. This acquisition is anticipated to close in 2025 and is not expected to materially impact the company's financial statements.
Operationally, S&P Global reported a decrease in its employee headcount, with a restructuring plan that included a workforce reduction of approximately 230 positions. The company also experienced a slight decline in cash and cash equivalents, totaling $1.469 billion as of March 31, 2025, down from $1.666 billion at the end of 2024. The company’s total liabilities decreased to $22.164 billion from $22.713 billion, while total equity increased to $33.473 billion from $33.256 billion.
Looking ahead, S&P Global aims to continue its growth trajectory by focusing on enhancing customer experiences, integrating artificial intelligence into its products, and pursuing strategic acquisitions. The company remains committed to meeting its financial and sustainability goals for 2025, although it acknowledges potential risks from market conditions and regulatory changes that could impact its operations.
About S&P Global Inc.
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