S&P Global Demonstrates Resilience in Second Quarter Results

*Reported Revenue Increased 42% vs. Prior Year and Decreased 5% vs. Pro Forma Revenue; Adjusted Revenue Decreased 5% vs. Non-GAAP Pro Forma Adjusted Revenue
*Growth Across Five of Six Divisions, Offset by a Sharp Decline in Revenue Related to Debt Issuance
*Diluted EPS Decreased 13% to $2.86 vs. 2Q21 and Increased 18% vs. Pro Forma Diluted EPS; Adjusted Diluted EPS Decreased 7% to $2.81 vs. Non-GAAP Pro Forma Adjusted Diluted EPS
*Reported Operating Profit Margin Decreased 530 Basis Points to 49.5% from Prior Year and Increased 1,140 Basis Points to 49.5% from Pro Forma Operating Margin
*Adjusted Operating Profit Margin Decreased 280 Basis Points to 47.2% compared to Non-GAAP Pro Forma Adjusted Operating Margin
*Company is Reintroducing GAAP Guidance and Non-GAAP Pro Forma Adjusted Guidance
*Company on Track to Achieve Merger-Related Synergies
*Company has Repurchased $8.5B in Shares YTD; on Track to Complete $12B ASR by Year-end

S&P Global (NYSE: SPGI) today reported second quarter 2022 results with reported revenue of $2.99 billion, an increase of 42% compared to the same period last year, primarily due to the inclusion of IHS Markit businesses, partially offset by declines in Ratings revenue. Continued execution drove growth across five of the Company’s six divisions, while Ratings transaction revenue continues to be negatively impacted by a sharp year-over-year reduction in debt issuance. GAAP net income increased 22% to $972 million and GAAP diluted earnings per share decreased 13% to $2.86 primarily due to the increase in shares outstanding as a result of the merger with IHS Markit. The Company also announced it will be holding an Investor Day on December 1, 2022 in New York City. The event will be in-person by invitation, and webcast publicly.

“As we pass the first 100 days as a combined company, we are very pleased with the progress we’ve made on integration,” said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. “We continue to focus on disciplined execution, evidenced by the fact that we delivered growth in five of our six divisions, and are ahead of schedule on cost and revenue synergies despite a challenging macro environment.”
details at: https://investor.spglobal.com/news-releases/news-details/2022/SP-GLOBAL-DEMONSTRATES-RESILIENCE-IN-SECOND-QUARTER-RESULTS/default.aspx

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