earnings
confidence high
sentiment positive
materiality 0.90
S&P Global Q3 revenue $3.575B (+16%); raises FY24 EPS and revenue guidance
S&P Global Inc.
2024-Q3 EPS reported
$9.50
revenue$10,616,000,000
- Q3 GAAP diluted EPS $3.11 (up 33% YoY); adjusted EPS $3.89 (up 21% YoY). Revenue $3.575B (+16%).
- Ratings revenue +36%, Indices +18% driving growth; adjusted operating margin expanded 180 bps to 48.8%.
- Raising FY24 guidance: revenue growth 11.5-12.5%, GAAP EPS $11.95-$12.15, adjusted EPS $15.10-$15.30.
- Adjusted free cash flow guidance raised to ~$5.2B (from ~$4.7B); expects additional $1.3B ASR in coming weeks.
- Eric Aboaf appointed CFO effective Feb 2025; PrimeOne divestiture expected to close in coming weeks.