S&P Global Reports First Quarter Results

The Company reported first quarter 2024 revenue of $3.491 billion, an increase of 10% compared to the first quarter of 2023. First quarter GAAP net income increased 25% to $991 million and GAAP diluted earnings per share increased 28% to $3.16 as higher net income was driven primarily by strong growth in Ratings and Indices, and lower merger-related costs. Excluding the impact of Engineering Solutions (ES), revenue growth would have been 14% year over year. Adjusted net income for the first quarter increased 24% to $1,258 million and adjusted diluted earnings per share increased 27% to $4.01.

“S&P Global’s first quarter results are a testament to the value we create for our customers around the world, as well as the strength of our global franchise, our world-class team, and our commitment to innovation.

We reported record quarterly revenue and significant operating margin expansion, while continuing to invest in strategic initiatives to position us for longterm growth and productivity. These include our strong positions in artificial intelligence with Kensho, sustainability and energy transition, and private markets.

We are confident that our leadership in data, analytics, research, and benchmarks to power global markets will continue to serve customers and shareholders alike.” Douglas Peterson, President and CEO
details at: https://s29.q4cdn.com/690959130/files/doc_financials/2024/q1/sp-global-1q-2024-earnings-release-exhibits-4-25-2024.pdf

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