S&P Global Inc.
For the period ended Mar 31, 2025. Filed Apr 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 29, 2025
SPGI$473.38+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements (Unaudited)
Consolidated Statements of Income
| (in millions, except per share amounts) | Three Months Ended | |
|---|---|---|
| March 31, | ||
| 2025 | 2024 | |
| Revenue | $3,777 | $3,491 |
| Expenses: | ||
| Operating-related expenses | 1,153 | 1,111 |
| Selling and general expenses | 764 | 714 |
| Depreciation | 25 | 23 |
| Amortization of intangibles | 268 | 264 |
| Total expenses | 2,210 | 2,112 |
| Equity in income on unconsolidated subsidiaries | (11) | (6) |
| Operating profit | 1,578 | 1,385 |
| Other expense (income), net | 4 | (9) |
| Interest expense, net | 78 | 78 |
| Income before taxes on income | 1,496 | 1,316 |
| Provision for taxes on income | 325 | 248 |
| Net income | 1,171 | 1,068 |
| Less: net income attributable to noncontrolling interests | (81) | (77) |
| Net income attributable to S&P Global Inc. | $1,090 | $991 |
| Earnings per share attributable to S&P Global Inc. common shareholders: | ||
| Net income: | ||
| Basic | $3.55 | $3.16 |
| Diluted | $3.54 | $3.16 |
| Weighted-average number of common shares outstanding: | ||
| Basic | 307.3 | 313.6 |
| Diluted | 307.7 | 314.0 |
| Actual shares outstanding at period end | 306.7 | 313.1 |
Consolidated Statements of Comprehensive Income
| (in millions) | Three Months Ended | |
|---|---|---|
| March 31, | ||
| 2025 | 2024 | |
| Net income | $1,171 | $1,068 |
| Other comprehensive income: | ||
| Foreign currency translation adjustments | 33 | (71) |
| Income tax effect | 19 | (8) |
| 52 | (79) | |
| Pension and other postretirement benefit plans | 1 | 1 |
| Income tax effect | — | — |
| 1 | 1 | |
| Unrealized gain on cash flow hedges | 5 | 21 |
| Income tax effect | (1) | (5) |
| 4 | 16 | |
| Comprehensive income | 1,228 | 1,006 |
| Less: comprehensive income attributable to nonredeemable noncontrolling interests | (4) | (7) |
| Less: comprehensive income attributable to redeemable noncontrolling interests | (77) | (70) |
| Comprehensive income attributable to S&P Global Inc. | $1,147 | $929 |
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