S&P Global (NYSE: SPGI) has reported its first quarter results, showing strong growth across various financial metrics. The company's first-quarter 2025 revenue reached $3.777 billion, marking an 8% increase compared to the first quarter of 2024.
The GAAP net income for the first quarter increased by 10% to $1.090 billion, while GAAP diluted earnings per share rose by 12% to $3.54. Adjusted net income for the same period saw a 7% increase to $1.344 billion, and adjusted diluted earnings per share grew by 9% to $4.37.
The company's quarterly revenue achieved a new record, showing an 8% year-over-year increase. Additionally, the GAAP operating margin increased by 210 basis points, and the adjusted operating margin increased by 100 basis points, driving 12% growth in GAAP EPS and 9% growth in adjusted EPS year over year.
Looking ahead, S&P Global has revised its full-year 2025 guidance, now calling for revenue growth of 4% * 6%, GAAP diluted EPS in the range of $14.60 * $15.10, and adjusted diluted EPS in the range of $16.75 * $17.25. The company also expects to execute additional accelerated share repurchases (ASR) totaling $650 million in the coming weeks.
Moreover, the company anticipates returning approximately 85% of adjusted free cash flow to shareholders through dividends and share repurchases for the full year 2025. The board of directors has authorized a quarterly cash dividend of $0.96.
S&P Global also announced its intention to separate its mobility division into a standalone public company, which is expected to be completed within 12-18 months.
Martina Cheung, President, and CEO of S&P Global, commented on the results, stating, "Our first-quarter results highlight the resilience of our business model, our commitment to disciplined execution, and the importance of our products and services to our customers around the world."
The company's senior management will review the first quarter 2025 earnings results on a conference call scheduled for April 29, 2025, at 8:30 a.m. EDT. Additional information presented on the conference call, as well as the company’s supplemental slide content, may be found on the company’s investor relations website.
These results and the strategic decisions made by S&P Global demonstrate its commitment to delivering value to shareholders and adapting to market dynamics. The market has reacted to these announcements by moving the company's shares 1.0% to a price of $484.28. For more information, read the company's full 8-K submission here.
