S&P Global Inc. reported a strong financial performance for the fiscal year ending December 31, 2025, with total revenue reaching $15.3 billion, an increase of 8% from $14.2 billion in 2024. The company's operating profit also saw a significant rise, climbing 16% to $6.5 billion, compared to $5.6 billion in the previous year. This growth was driven by increases across all reportable segments, particularly in Ratings, Market Intelligence, and Indices, with diluted earnings per share rising to $14.66, up 19% from $12.35 in 2024.
The company experienced notable changes compared to the previous fiscal period, including the completion of several strategic acquisitions, such as With Intelligence for $1.8 billion and the Automatic Identification System data services business from ORBCOMM. Additionally, S&P Global announced plans to separate its Mobility segment into a standalone public company, expected to be completed by mid-2026, which is anticipated to be tax-free for shareholders. The company also divested its Engineering Solutions segment in May 2023, which contributed to the overall revenue figures through that date.
Operationally, S&P Global reported a total employee headcount of approximately 44,500 as of December 31, 2025, with significant contributions from its Market Intelligence and Ratings segments. The company noted a favorable impact from foreign exchange rates, which contributed less than 1% to revenue growth. The firm also highlighted an increase in customer engagement metrics, particularly in subscription revenue, which accounted for 51% of total revenue, reflecting a shift towards more recurring revenue streams.
Looking ahead, S&P Global's management expressed optimism about future growth, focusing on advancing market leadership, expanding into high-growth adjacencies, and amplifying enterprise capabilities through technology and AI integration. However, the company acknowledged potential risks, including economic volatility, regulatory changes, and competitive pressures that could impact its operations and financial performance. The firm remains committed to maintaining a strong financial position, with cash and cash equivalents totaling $1.7 billion as of year-end 2025, and plans to continue returning capital to shareholders through dividends and share repurchases.
About S&P Global Inc.
S&P Global Inc. provides credit ratings, benchmarks, analytics, and workflow solutions across capital, commodity, and automotive markets. Its core segments include Market Intelligence, Ratings, Commodity Insights, Mobility, and Indices, serving investors, financial institutions, producers, and manufacturers worldwide. The company’s value lies in its independent data, risk assessment tools, and indices that support informed decision-making and market transparency. Its business model relies on subscription, licensing, and advisory revenue streams.
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