S&P Global Q2 Profit Jumps 14% on 10% Revenue Growth, Raises Buyback to $7B+
SPGI sits 19% above its 52-week low of $360.945.
Summary
S&P Global delivered a strong Q2, with net income rising 14% to $1.217B and revenue up 10% to $4.146B, driven by double-digit growth across its core segments. Adjusted EPS of $4.83 beat the year-ago $3.92 by 23%, reflecting robust operating leverage. The company also boosted its share repurchase authorization to over $7 billion, signaling confidence in sustained cash generation. Full-year guidance calls for 5.9%-7.9% revenue growth and adjusted EPS of $17.50-$17.75, implying a healthy second-half ramp. Despite the beat, shares slipped ~3% pre-market, likely reflecting profit-taking after a strong run or conservative guidance relative to whisper numbers. This follows the July 2 completion of the Mobility spin-off, with pro forma results showing even stronger organic growth of 11% ex-Mobility.
At the time of this announcement, SPGI was trading at $429.50 on NYSE in the Finance sector, with a market capitalization of approximately $130.2B. The 52-week trading range was $360.94 to $547.70. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: dpa-AFX.