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Dec 31, 2025
S&P Global Q4 2025 Earnings Report
S&P Global delivered solid revenue growth with strong margins and higher earnings.
Key Takeaways
In Q4 2025, S&P Global reported strong revenue growth across all divisions, expanded adjusted operating margins, and delivered double-digit growth in net income and EPS.
Revenue increased 9% year over year driven by broad-based growth
Adjusted operating margin expanded to 47.3%
Net income rose at a double-digit rate compared with last year
Strong free cash flow supported continued shareholder returns
Revenue by Segment
Forward Guidance
For 2026, S&P Global expects continued organic revenue growth and further margin expansion supported by favorable market conditions.
Positive Outlook
- Organic constant-currency revenue growth of 6% to 8%
- Expected operating margin expansion
- Continued strength in ratings and indices businesses
- Healthy cash flow generation outlook
- Disciplined capital allocation strategy
Challenges Ahead
- Exposure to capital market volatility
- Foreign exchange impacts on reported results
- Higher compensation and investment costs
- Macroeconomic uncertainty
- Regulatory and geopolitical risks
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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