secwatch.observer — SEC 8-K summary
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Issuer:     S&P Global Inc. (SPGI)
CIK:        0000064040
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000064040-22-000166
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64040/000006404022000166/0000064040-22-000166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64040/000006404022000166/spgi-20221027.htm
  HTML page:      https://secwatch.observer/filing/0000064040-22-000166

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer