SPGI Stock Price Chart
SPGI Fundamental Analysis




SPGI Earnings Analysis
Positive
EPS Growth Exceeds Guidance: S&P Global reported a 25% growth in adjusted EPS for 2024, exceeding the midpoint of initial guidance by over 13%.
Revenue Increase Overview: Total revenue increased by 15% in 2024, excluding the impact of divested Engineering Solutions, with subscription product revenue growing by 7%.
Shareholder Return Strategy: The company returned $4.4 billion to shareholders in 2024 through dividends and share repurchases, maintaining a target of returning 85% or more of expected adjusted free cash flow in 2025.
Energy Transition Revenue Growth: Energy transition and sustainability revenue grew by 23% to $104 million in Q4 2024, driven by strong performance in Commodity Insights offerings.
Vitality Index Revenue Growth: S&P Global's Vitality Index reached $1.5 billion, representing nearly 11% of total revenue, with a steady stream of innovative offerings expected to replace maturing products.
Negative
Market Intelligence Revenue Slowdown: Market Intelligence revenue growth was only 5% in Q4 2024, indicating a slowdown compared to previous quarters, with cancellations early in the year impacting overall performance.
Operating Margin Decline: Operating margin for Market Intelligence decreased by 160 basis points to 32.6% in Q4 2024, reflecting increased expenses primarily due to elevated incentive compensation.
Rising Adjusted Expenses: Adjusted expenses increased by 9% in Q4 2024, driven by ongoing investments and increased incentive compensation, which negatively impacted overall profitability.
Revenue Decline Concerns: The Vitality Index saw a significant drop in revenue contribution from maturing products, with $330 million in revenue maturing out in 2023, representing nearly 25% of the total index, raising concerns about future revenue replacement.
2025 Billed Issuance Outlook: Guidance for 2025 indicates low single-digit growth in billed issuance, a significant deceleration from the record high levels seen in 2024, suggesting potential challenges ahead.
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SPGI FAQs
Should I buy or sell SPGI Stock?
Based on the analysis of SPGI's technical indicators, fundamental strength, and market sentiment, the stock presents a compelling buy opportunity. The RSI indicates the stock is not overbought, and the Stochastic Oscillator suggests potential overselling, which could lead to a rebound. The stock's price is above key Fibonacci support levels, and the MACD, while negative, shows slowing bearish momentum. Fundamentally, SPGI's strong financials, high operating margin, and status as a Dividend King with a long history of dividend growth support its stability. Analysts' "Strong Buy" rating and the stock's position in a resilient industry further reinforce its positive outlook. Therefore, the recommendation is to buy SPGI stock.
Buy SPGI stock as it offers a combination of stability, growth potential, and positive market sentiment.