S&P Global said revenue for the 3 months ended September 30, 2025 increased 9% and revenue for the 9 months increased 8%, while operating profit rose 17% and 12%, respectively. Foreign exchange rates had a favorable impact of 1 percentage point on revenue growth in each period.

10-QQuarterly reportFiled Oct 30, 2025Period of report Sep 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

S&P Global said revenue for the 3 months ended September 30, 2025 increased 9% and revenue for the 9 months increased 8%, while operating profit rose 17% and 12%, respectively. Foreign exchange rates had a favorable impact of 1 percentage point on revenue growth in each period.
The company said the 3-month revenue increase was driven by increases at all reportable segments, citing growth in corporate bond ratings revenue and structured finance revenue at Ratings and subscription revenue growth in Data, Analytics & Insights at Market Intelligence as factors.
S&P Global announced that on April 29, 2025 its Board of Directors decided to pursue a full separation of its Mobility segment. The company said the transaction would be implemented through a spin-off creating a new publicly traded company and is expected to be completed within 12 to 18 months from the announcement.
The company repurchased 4.3 million shares for $2.5 billion in cash during the 9 months ended 2025. Cash used for financing activities increased $448 million to $3,728 million, and S&P Global cited increased cash used for share repurchases as the primary driver of the increase.

Key figures

Quarter ended September 30, 2025

Revenue: $3.9B
Operating income: $1.7B
Net income: $1.2B
EPS: $3.86

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly and 9-Month Revenue and Operating Profit Growth

S&P Global said revenue for the 3 months ended September 30, 2025 increased 9% and revenue for the 9 months increased 8%, while operating profit rose 17% and 12%, respectively. Foreign exchange rates had a favorable impact of 1 percentage point on revenue growth in each period.

Source · Based on the MD&A text of the filing

Company's Segment Breakdown of Revenue Growth

The company said the 3-month revenue increase was driven by increases at all reportable segments, citing growth in corporate bond ratings revenue and structured finance revenue at Ratings and subscription revenue growth in Data, Analytics & Insights at Market Intelligence as factors.

Source · Based on the MD&A text of the filing

Full Separation of Mobility Segment Underway

S&P Global announced that on April 29, 2025 its Board of Directors decided to pursue a full separation of its Mobility segment. The company said the transaction would be implemented through a spin-off creating a new publicly traded company and is expected to be completed within 12 to 18 months from the announcement.

Source · Based on the MD&A text of the filing

9-Month Share Repurchases and Financing Cash Flow

The company repurchased 4.3 million shares for $2.5 billion in cash during the 9 months ended 2025. Cash used for financing activities increased $448 million to $3,728 million, and S&P Global cited increased cash used for share repurchases as the primary driver of the increase.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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