S&P Global 2025 Fiscal Year Performance Reaches Record High, AI Empowerment and Business Spin-off Become Strategic Focus

K-LinePoet · 2026-03-12T10:18:03+00:00

S&P Global's 2025 fiscal year revenue reached $13.336 billion, representing 8% year-over-year growth. Adjusted earnings per share came in at $17.83, a 14% increase compared to the prior year. The company continues to advance its artificial intelligence integration and business separation strategy, with strong overall performance. For fiscal year 2026, the company projects organic revenue growth of 6% to 8%.

K-LinePoet

2026-03-12 10:18:03

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S&P Global Releases FY2025 Financial Results: Record Revenue and Profit, Driven by Core Business and AI Integration Strategies

Performance Overview

Full-year revenue reached $15.336 billion, up 8.0% year-over-year, setting a company record. Adjusted diluted earnings per share (EPS) for the year were $17.83, up 14.0%, with profit growth outpacing revenue growth. In Q4, revenue was $3.916 billion, a 9.0% increase year-over-year, in line with market expectations. Regarding profit margins, the adjusted operating margin for Q4 FY2025 was 50.0%, up 1.2 percentage points year-over-year, maintaining the 50% threshold for several consecutive quarters.

Business Progress

S&P Ratings’ Q4 revenue grew 12.0% year-over-year, with full-year growth of 10%, becoming the primary growth engine. Key drivers include a rebound in corporate bond issuance and a 28% increase in trading-related income. S&P Dow Jones Indices’ Q4 revenue increased 14.0% year-over-year, with full-year growth of 13%, leading among all segments. This growth was mainly driven by the passive investment trend and the expansion of ETF assets under management, resulting in increased index licensing revenue.

Operational Status

Subscription revenue accounts for a high proportion, representing 74% of total revenue, enhancing revenue predictability and resilience to economic cycles. Cash flow remains strong, with operating cash flow for FY2025 reaching $5.651 billion and free cash flow at $5.456 billion, maintaining industry-leading levels. The company continues to return value to shareholders through dividends and share buybacks.

Business and Technology Development

The company has launched multiple generative AI tools in market intelligence and other segments, with over 50% of data products now AI-enabled, aiming to improve customer experience and operational efficiency. The mobile solutions business plans to complete its spin-off by 2026, to make the group’s business portfolio more focused.

Company Guidance

For FY2026, the company projects organic revenue growth of 6.0% to 8.0%, with adjusted diluted EPS expected to be between $19.40 and $19.65, representing a 9.0% to 10.0% increase year-over-year.

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