---
schema_version: "secwatch.filing_event.v1"
accession: "0000064040-23-000156"
form_type: "8-K"
ticker: "SPGI"
cik: "0000064040"
company_name: "S&P Global Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:15:16.971835+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# S&P Global Q2: GAAP EPS down 44% to $1.60, adjusted EPS up 11% to $3.12

## Summary
- Revenue increased 4%; adjusted revenue excl. Engineering Solutions up 7%. Subscription revenue +8% YoY.
- GAAP diluted EPS $1.60 (down 44%), adjusted diluted EPS $3.12 (up 11%) due to prior-year gain on dispositions.
- Adjusted operating profit margin decreased 100 bps to 46.2% due to low incentive compensation accruals in 2Q22.
- Company reiterates full-year 2023 guidance for revenue, margin, EPS, and free cash flow; minor updates to expenses.
- Engineering Solutions divestiture closed May 2; $1B ASR near completion, additional $500M ASR to be launched.

## SEC filing metadata
- accession: 0000064040-23-000156
- form_type: 8-K
- ticker: SPGI
- cik: 0000064040
- company_name: S&P Global Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64040/000006404023000156/0000064040-23-000156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64040/000006404023000156/spgi-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000064040-23-000156
- JSON: https://secwatch.observer/filing/0000064040-23-000156.json
- Plain text: https://secwatch.observer/filing/0000064040-23-000156.txt

## Key facts
- Earnings Releases
  S&P Global Inc. reported the second quarter ended June 30, 2023 results: EPS GAAP diluted earnings per share $1.60; adjusted diluted earnings per share $3.12.
  - Period: the second quarter ended June 30, 2023
  - EPS: GAAP diluted earnings per share $1.60; adjusted diluted earnings per share $3.12
  - Result: reported results
  source text: GAAP diluted earnings per share decreased 44% to $1.60 primarily due to a $556 million gain on dispositions in the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/64040/000006404023000156/0000064040-23-000156-index.htm
- Earnings Releases
  S&P Global Inc. reported the full year 2023 results: revenue GAAP Revenue growth 10% - 12%; Adjusted Revenue growth 4% - 6%, EPS GAAP Diluted EPS $8.65 - $8.85; Adjusted Diluted EPS $12.35 - $12.55. Guidance reaffirmed.
  - Period: the full year 2023
  - Revenue: GAAP Revenue growth 10% - 12%; Adjusted Revenue growth 4% - 6%
  - EPS: GAAP Diluted EPS $8.65 - $8.85; Adjusted Diluted EPS $12.35 - $12.55
  - Guidance: reaffirmed
  - Result: guidance update
  source text: second quarter 2023 results. This earnings release and supplemental materials are available at http://investor.spglobal.com/Quarterly-Earnings. • Reported revenue increased 4%; Adjusted revenue, excluding Engineering Solutions, increased 7%. Vitality revenue from new or enhanced products contributed 11% of reported revenue in Q2. • GAAP EPS decreased
  evidence_url: https://www.sec.gov/Archives/edgar/data/64040/000006404023000156/0000064040-23-000156-index.htm

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