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NEW YORK - S&P Global Inc. (NYSE:SPGI) reported better-than-expected second quarter results on Thursday, as growth in Market Intelligence and S&P Dow Jones Indices drove revenue higher.
The company’s shares rose 1.07% in pre-market trading following the announcement.
The financial information and analytics provider posted adjusted earnings per share of $4.43, exceeding analyst estimates of $4.20. Revenue increased 6% YoY to $3.76 billion, surpassing the consensus forecast of $3.66 billion.
"S&P Global delivered better than expected financial results in the second quarter, supported by execution in our customer initiatives and resilience in the debt and equity markets," said Martina Cheung, President and CEO.
The company’s subscription revenue grew 7% compared to the same period last year, while its adjusted operating profit margin expanded by 70 basis points to 51.4%. Market Intelligence and S&P Dow Jones Indices were particularly strong performers, with the latter’s revenue jumping 15% YoY.
S&P Global updated its full-year 2025 guidance, now expecting revenue growth of 5-7% and adjusted earnings per share between $17.00 and $17.25, compared to the analyst consensus of $17.07.
The company also announced plans to execute additional accelerated share repurchases totaling up to $1.3 billion in the coming weeks, as part of its strategy to return approximately 85% of adjusted free cash flow to shareholders through dividends and share repurchases in 2025.
S&P Global remains on track with its previously announced planned separation of its Mobility division, which saw a 10% revenue increase in the quarter. The company also expects to complete the divestiture of its OSTTRA Joint Venture later this year.
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