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S&P Global SPGI Q1 2025 earnings

Reported April 29, 2025 · Before market open

Revenue$3.8BBeat by $78.8M
EPS$4.37Beat by $0.17
Revenue estimate$3.7B
EPS estimate$4.20

Next report

Oct 27, 2026 (In 3 weeks)
Revenue estimate$3.6B
EPS estimate$4.43

Financials

Q1 2025

Income statement

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Revenue$3.8B+8.2%
Gross profit$2.6B+10.7%
Operating income$1.6B+13.9%
Net income$1.1B+10.0%
EPS (diluted)$3.54+12.0%

Balance sheet

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Cash & equivalents$1.5B-4.8%
Total debt$12.0B-2.5%
Total equity$33.4B-2.8%
Total assets$59.9B-1.0%

Cash flow

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Operating cash flow$953.0M+0.5%
CapEx$43.0M+79.2%
Free cash flow$910.0M-1.5%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$155.83B+16.8%
Enterprise value$166.38B+15.4%
P/E39.4×-7.8×
P/S10.8×+0.4×

Profitability

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Gross margin69.5%+2.0pp
Operating margin39.8%+6.6pp
Net margin27.3%+5.3pp
FCF margin38.3%+7.7pp

Returns & leverage

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Return on equity11.7%+3.7pp
Debt / equity0.4×0.0×
Current ratio0.9×0.0×

Segments

By product

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Subscription$1.9B+6.7%
Non-subscription / Transaction$850.0M+7.1%
Non-transaction$481.0M+10.6%
Asset-linked fees$288.0M+18.0%
Recurring variable revenue$150.0M+6.4%

By segment

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Market Intelligence$1.2B+5.0%
Ratings$1.1B+8.2%
Indices$445.0M+15.0%

By geography

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Europe$849.0M+9.4%
Asia$382.0M+7.3%
Rest Of World$204.0M-2.4%

FAQ

When did S&P Global report Q1 2025 earnings?
S&P Global (SPGI) reported Q1 2025 earnings on April 29, 2025 before market open.
What were S&P Global's Q1 2025 revenue and EPS?
S&P Global reported revenue of $3.8B and eps of $4.37 for Q1 2025.
Did S&P Global beat estimates in Q1 2025?
Revenue beat the consensus estimate of $3.7B by $78.8M. EPS beat the consensus estimate of $4.20 by $0.17.
How did S&P Global's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.2% from $3.5B a year earlier and eps grew 9.0% from $4.01.
Where can I find S&P Global's Q1 2025 SEC filings?
You can read the 8-K earnings release (0000064040-25-000122) and the 10-Q periodic report (0000064040-25-000126) directly on SEC EDGAR. The filing index links above go to sec.gov.