S&P Global Inc. (NYSE:SPGI) posted stronger-than-expected results for the second quarter, supported by robust performances in its Market Intelligence and S&P Dow Jones Indices units. The company’s shares moved up 1.07% in pre-market trading after the release.
The financial data and analytics firm reported adjusted earnings per share of $4.43, well ahead of analysts’ expectations of $4.20. Revenue rose 6% year-over-year to $3.76 billion, exceeding the $3.66 billion forecast by Wall Street.
“S&P Global delivered better than expected financial results in the second quarter, supported by execution in our customer initiatives and resilience in the debt and equity markets,” said Martina Cheung, President and CEO.
Subscription revenue saw a 7% increase from the same period a year ago. The company’s adjusted operating profit margin expanded by 70 basis points, reaching 51.4%. Notably, S&P Dow Jones Indices revenue climbed 15%, making it one of the top-performing business lines.
In its updated outlook for 2025, S&P Global now anticipates 5% to 7% revenue growth, with adjusted earnings per share projected between $17.00 and $17.25. The midpoint of that range slightly exceeds the analyst consensus of $17.07.
The company also disclosed plans to launch additional accelerated share repurchases totaling up to $1.3 billion in the coming weeks. It aims to return about 85% of adjusted free cash flow to shareholders this year through dividends and buybacks.
S&P Global also confirmed it is progressing with the planned spin-off of its Mobility division, which posted a 10% revenue gain in the quarter. The OSTTRA Joint Venture divestiture is still expected to close later in the year.
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