S&P Global Reports Third Quarter Results

S&P Global (NYSE: SPGI) today reported third quarter 2022 results with reported revenue of $2.86 billion, an increase of 37% 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 most 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 decreased 24% to $608 million and GAAP diluted earnings per share decreased 44% to $1.84 primarily due to the increase in shares outstanding as a result of the merger with IHS Markit. The Company plans to present strategic vision and multi-year targets at its previously announced Investor Day on December 1, 2022 in New York City. The event will be in-person by invitation, and webcast publicly.

“Our teams continue to serve the markets well and rally together in an uncertain external environment,” said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. “We have seen strong commercial success in multiple areas of the business and are on track with our merger integration program. We are actively monitoring the macroeconomic and geopolitical landscape to plan for multiple potential scenarios, while identifying the most promising areas for future growth.”
details at: https://investor.spglobal.com/news-releases/news-details/2022/SP-Global-Reports-Third-Quarter-Results/default.aspx

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