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Dec 31, 2024
S&P Global Q4 2024 Earnings Report
Key Takeaways
S&P Global reported strong Q4 2024 results with a 14% revenue increase to $3.592 billion, driven by growth in all segments. GAAP net income surged 52% to $880 million, while adjusted net income rose 18% to $1.163 billion. GAAP EPS increased 56% to $2.85, and adjusted EPS grew 20% to $3.77.
Revenue by Segment
Forward Guidance
S&P Global expects 2025 revenue growth of 5.0%-7.0%, with GAAP EPS between $14.20-$14.45 and adjusted EPS between $17.00-$17.25.
Positive Outlook
- Projected revenue growth of 5.0%-7.0%.
- GAAP EPS forecasted between $14.20-$14.45.
- Adjusted EPS forecasted between $17.00-$17.25.
- 85% or more of adjusted free cash flow to be returned to shareholders.
- Strong demand for Ratings and Indices segments expected.
Challenges Ahead
- Higher interest expense projected at $295-$305 million.
- Operating profit margin expected to decline slightly from Q4 2024.
- Increased deal-related amortization of ~$1.13 billion.
- Corporate unallocated expenses forecasted at $230-$240 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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