Financial intelligence company S&P Global (NYSE: SPGI) met Wall Street’s revenue expectations in Q4 CY2025, with sales up 9% year on year to $3.92 billion. Its non-GAAP profit of $4.30 per share was 0.8% below analysts’ consensus estimates.
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S&P Global (SPGI) Q4 CY2025 Highlights:
- Revenue: $3.92 billion vs analyst estimates of $3.90 billion (9% year-on-year growth, in line)
- Pre-tax Profit: $1.63 billion (41.6% margin)
- Adjusted EPS: $4.30 vs analyst expectations of $4.34 (0.8% miss)
- Management raised its full-year Adjusted EPS guidance to $19.53 at the midpoint, a 10.2% increase
- Market Capitalization: $134.5 billion
Company Overview
Tracing its roots back to 1860 when it published the first railroad industry manual, S&P Global (NYSE: SPGI) provides credit ratings, market intelligence, commodity data, automotive analytics, and financial indices that help investors and businesses make decisions.
Revenue Growth
Examining a company’s long-term performance can provide clues about its quality. Any business can have short-term success, but a top-tier one grows for years. Over the last five years, S&P Global grew its revenue at a mediocre 6.6% compounded annual growth rate. This wasn’t a great result compared to the rest of the financials sector, but there are still things to like about S&P Global.
Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. S&P Global’s annualized revenue growth of 10.8% over the last two years is above its five-year trend, suggesting some bright spots. 
Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, S&P Global grew its revenue by 9% year on year, and its $3.92 billion of revenue was in line with Wall Street’s estimates.
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Key Takeaways from S&P Global’s Q4 Results
We struggled to find many positives in these results. Overall, this was a weaker quarter. The stock traded down 15.9% to $373.74 immediately following the results.
S&P Global’s earnings report left more to be desired. Let’s look forward to see if this quarter has created an opportunity to buy the stock. The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).
