---
schema_version: "secwatch.filing_event.v1"
accession: "0000064040-22-000166"
form_type: "8-K"
ticker: "SPGI"
cik: "0000064040"
company_name: "S&P Global Inc."
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-23T00:22:24.684478+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# S&P Global Q3 adj revenue down 8%, adj EPS down 4% vs pro forma; lowers 2022 guidance

## Summary
- GAAP revenue $2.86B (+37% YoY); GAAP diluted EPS $1.84 (-44% YoY). Adjusted diluted EPS $2.93 (-4% vs pro forma).
- Ratings transaction revenue fell 56% to $244M due to sharp decline in debt issuance.
- Adjusted operating margin 46.0%, down 200 bps vs pro forma; Market Intelligence adj margin up 260 bps.
- Updated 2022 guidance: GAAP diluted EPS $9.75-9.90, adj diluted EPS $11.00-11.15, adj revenue decline mid-single digits.
- Returned $11.7B YTD ($11B ASR, $749M dividends); on track to complete $12B ASR by year-end; Investor Day Dec 1.

## SEC filing metadata
- accession: 0000064040-22-000166
- form_type: 8-K
- ticker: SPGI
- cik: 0000064040
- company_name: S&P Global Inc.
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64040/000006404022000166/0000064040-22-000166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64040/000006404022000166/spgi-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000064040-22-000166
- JSON: https://secwatch.observer/filing/0000064040-22-000166.json
- Plain text: https://secwatch.observer/filing/0000064040-22-000166.txt

## Key facts
- Earnings Releases
  S&P Global Inc. reported third quarter ended September 30, 2022 results: revenue reported revenue of $2.86 billion, net income GAAP net income decreased 24% to $608 million, EPS GAAP diluted earnings per share decreased 44% to $1.84.
  - Period: third quarter ended September 30, 2022
  - Revenue: reported revenue of $2.86 billion
  - Net income: GAAP net income decreased 24% to $608 million
  - EPS: GAAP diluted earnings per share decreased 44% to $1.84
  - Result: reported results
  source text: at Investor Day on December 1, 2022 in New York City New York, NY, October 27, 2022 – S&P Global (NYSE: SPGI) today reported third quarter 2022 results with reported revenue of $2.86 billion, an increase of 37% compared to the same period last year, primarily due to the inclusion of IHS Markit businesses, partially offset by declines in Ratings revenue. Continued
  evidence_url: https://www.sec.gov/Archives/edgar/data/64040/000006404022000166/0000064040-22-000166-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.