S&P Global Q1 Revenue Grows 10% as EPS Jumps 32% and Share Buyback Hits $1 B
S&P Global delivered Q1 revenue of $4.171 billion (+10%), GAAP net income of $1.395 billion (+28%) and EPS of $4.69 (+32%), with adjusted EPS at $4.97 (+14%). Ratings revenue rose 13% to $1.302 billion, indices revenue climbed 17% to $519 million, guidance held at 6–8% growth and $1 billion of shares were repurchased.
1. Q1 Financial Highlights
S&P Global reported Q1 revenue of $4.171 billion, up 10% year-over-year, with GAAP net income rising 28% to $1.395 billion and EPS of $4.69, up 32%. Adjusted EPS reached $4.97, a 14% increase driven by disciplined expense management and productivity gains.
2. Segment Performance
The Ratings division posted $1.302 billion in revenue, up 13%, while the Indices business recorded a 17% increase to $519 million. Market Intelligence grew 8% to $1.296 billion and the Energy and Mobility units delivered mid-single-digit gains, collectively boosting operating margins.
3. Guidance and Capital Return
Full-year organic revenue growth guidance was maintained at 6–8%, with adjusted EPS narrowed to $19.40–$19.65. The company repurchased $1 billion of stock and announced plans to divest its geoscience software portfolio as it advances the Mobility division separation.