S&P Global Reports Fourth Quarter and Full-Year 2024 Results
The Company reported fourth quarter 2024 reported revenue of $3.592 billion, an increase of 14% compared to the fourth quarter of 2023. Fourth quarter GAAP net income increased 52% to $880 million and GAAP diluted earnings per share increased 56% to $2.85 driven primarily by strong Ratings growth. For the full year 2024, reported revenue increased 14% year over year to $14.208 billion. Excluding the impact of Engineering Solutions (divested in 2023), revenue growth would have been 15% year over year. 2024 GAAP net income increased 47% to $3.852 billion and GAAP diluted earnings per share increased 50% to $12.35, driven primarily by revenue and operating profit growth in the Company's Ratings division.