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NEW YORK - S&P Global reported fourth-quarter earnings on Tuesday that surpassed analyst expectations, driven by strong growth in its Ratings division.
The company’s stock rose 1.88% following the announcement.
The financial information and analytics firm posted adjusted earnings per share of $3.77 for Q4 2024, beating the analyst consensus of $3.36 by $0.41. Revenue for the quarter came in at $3.59 billion, exceeding estimates of $3.43 billion and marking a 14% increase YoY.
S&P Global’s full-year 2024 revenue rose 14% to $14.21 billion, with adjusted EPS climbing 25% to $15.70. The company’s performance was boosted by growth across all segments, particularly in Ratings.
"I am pleased that S&P Global delivered an outstanding year in 2024," said Martina Cheung, President and CEO. "We reported revenue growth in all segments, as well as strong operating margin expansion and EPS growth for the company, exceeding our consolidated financial guidance on both a GAAP and adjusted basis."
Looking ahead, S&P Global provided an optimistic outlook for 2025, projecting revenue growth of 5.0% to 7.0% and adjusted EPS in the range of $17.00 to $17.25. This guidance surpasses the current analyst consensus of $16.92 per share.
The company also announced plans to return capital to shareholders, targeting to return 85% or more of adjusted free cash flow through dividends and share repurchases in 2025.
S&P Global’s board authorized a quarterly cash dividend of $0.96 and approved a $4.3 billion share repurchase program.
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