The company said its Q3 2025 revenue rose 9% year over year to $3.888 billion, GAAP net income increased 21% to $1.176 billion, and GAAP diluted EPS increased 24% to $3.86.

1. 01

   The company said its Q3 2025 revenue rose 9% year over year to $3.888 billion, GAAP net income increased 21% to $1.176 billion, and GAAP diluted EPS increased 24% to $3.86.

2. 02

   S&P Global said its GAAP operating margin for Q3 rose 300 basis points to 43.1%, and its adjusted operating margin rose 330 basis points to 52.1%. The company cited growth and margin expansion in the Ratings and Market Intelligence divisions as the main drivers of the margin change.

3. 03

   The company set its full-year 2025 outlook, with revenue growth of 7% to 8%, GAAP diluted EPS of $14.80 to $15.05, and adjusted diluted EPS of $17.60 to $17.85. The prior outlook was GAAP diluted EPS of $14.35 to $14.60 and adjusted diluted EPS of $17.00 to $17.25.

4. 04

   S&P Global said it agreed to acquire With Intelligence for $1.8 billion. It also said it returned $1.5 billion to shareholders through dividends and share repurchases since July, and expects to execute additional share repurchases of $2.5 billion in Q4 2025.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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