S&P Global Q1 revenue $3.16B (+32%), adjusted EPS $3.15; reaffirms FY guidance

S&P Global Inc.

2023-Q1 EPS reported $2.47 revenue$3,160,000,000

Q1 reported revenue $3.16B (+32% YoY); GAAP net income $795M (-36%), GAAP EPS $2.47 (-45%).
Adjusted EPS $3.15 (+9% vs pro forma); adjusted operating margin 46.2% (+100 bps).
Ratings revenue $824M (-5%); transaction revenue down 6% on lower debt issuance.
Engineering Solutions divestiture to KKR expected to close May 2, 2023.
Full-year GAAP EPS guided $8.65-$8.85; adjusted EPS reaffirmed $12.35-$12.55.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

S&P Global Inc. reported first quarter ended March 31, 2023 results: revenue $3.16 billion, net income $795 million, EPS $2.47. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $3.16 billion
Net income: $795 million
EPS: $2.47
Guidance: reaffirmed
Result: reported results

Exact text from the filing

S&P Global (NYSE: SPGI) today reported first quarter 2023 results with reported revenue of $3.16 billion, an increase of 32% compared to the same period last year, primarily due to the inclusion of IHS Markit businesses, partially offset by declines in Ratings revenue. GAAP net income decreased 36% to $795 million and GAAP diluted earnings per share decreased 45% to $2.47 primarily due to the gain on sale of CUSIP in the first quarter of 2022, and the increase in shares outstanding as a result of the merger with IHS Markit.

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Source: SEC EDGAR

accession 0000064040-23-000110

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