Revenue segments as reported by the company.

Ratings

Market Intelligence

Platts

Indices

Intersegment Elimination

Commodity Insights

Mobility

Engineering Solutions

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Expenses

Gain on dispositions

Equity in Income on Unconsolidated Subsidiaries

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

S&P Global

Standard and Poor's is an American financial services company. It is a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is known for its stock market indices such as the U.S.-based S&P 500, the Canadian S&P/TSX, and the Australian S&P/ASX 200. S&P is considered one of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City.

Standard and Poor's

S&P Global, Inc. engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions. The Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions. The Ratings segment is involved in credit ratings, research, and analytics, offering investors and other market participants information, ratings, and benchmarks. The Commodity Insights segment focuses on information and benchmark prices for the commodity and energy markets. The Mobility segment offers solutions serving the full automotive value chain including vehicle manufacturers, automotive suppliers, mobility service providers, retailers, consumers, and finance and insurance companies. The Engineering Solutions segment engages in advanced knowledge discovery technologies, research tools, and software-based engineering decision engines to advance innovation, maximize productivity, improve quality, and reduce risk. The company was founded by James H. McGraw and John A. Hill in 1917 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

S&P Global projects solid growth amidst revenue challenges and opportunities

S&P Global's financial performance remains strong with a focus on innovation and efficiency
Challenges in ratings revenue offset by growth in other business segments
Opportunities lie in expanding ESG revenue, strategic partnerships, and M&A activity
Overall, S&P Global is well-positioned for growth and resilience in evolving markets

S&P Global reports Q1 revenue growth and focuses on sustainability

S&P Global's Q1 2023 performance showed revenue growth and increased adjusted EPS.
The company's strengths lie in customer focus, sustainability products, and diverse revenue streams.
Challenges include market volatility, declining bond issuance, and potential impacts on lending.
Opportunities exist in new product initiatives, revenue synergies, and global product expansion.

S&P Global reports strong Q2 growth, eyes AI and sustainability

S&P Global's Q2 performance showed revenue growth and positive outlook across divisions. The company's focus on innovation, AI, and sustainability drives customer engagement and growth potential. Challenges in expense management and sustainability trends are being addressed with strategic investments.

S&P Global excels in Q3 with raised guidance and strategic focus

S&P Global's Q3 performance reflects robust revenue growth, margin improvement, and strategic focus on key growth areas
Strengths lie in the Vitality Index success, progress on AI initiatives, and revenue growth across all divisions
Challenges include managing expenses, navigating market transformations, and sustaining innovation post-merger
Opportunities abound in private markets, sustainability, new product launches, and leveraging synergies for growth

S&P Global exceeds Q4 targets, eyes AI growth opportunities

S&P Global's Q4 2023 Earnings Call highlighted strong financial performance, revenue growth, and strategic initiatives like AI and product innovation.
Despite challenges like expense impacts and leadership transitions, the company remains optimistic about growth opportunities and revenue diversification.
Opportunities in generative AI, new product launches, and revenue synergies from mergers position S&P Global for continued success in 2024 and beyond.
Balancing efficiency, margin expansion, and strategic focus areas like sustainability and private markets will be key for S&P Global's growth trajectory.

S&P Global achieves record revenue in Q1 2024 earnings call

S&P Global's Q1 2024 showcased robust financial performance, marked by record revenue and significant margin expansion. The company faces challenges in managing expenses amidst growth but has opportunities in AI initiatives and the evolving mobility sector. Capitalizing on vibrant capital markets and revenue synergies, S&P Global is poised for continued success.

S&P Global reports record earnings, appoints new CEO

S&P Global delivered strong Q2 results with accelerated revenue growth and margin expansion
Strategic investments in generative AI and private market ratings drove revenue synergies
Raised financial guidance reflects confidence in future performance and market leadership
Smooth CEO succession plan announced with Martina Cheung appointed as new CEO

S&P Global reports stellar Q3 results, eyes growth opportunities

S&P Global delivered exceptional financial results in Q3 2024, with strong revenue growth and margin expansion. While facing challenges in the Financial Services segment, the company is capitalizing on opportunities through enhanced products and strategic initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CARFAX Recognized by Energage Based on Employee Feedback CENTREVILLE, Va. , Feb. 1, 2023 /PRNewswire/ -- CARFAX is being recognized as a 2023 Top Workplaces USA Award winner by Energage for prioritizing its people-first culture.

CARFAX WINS NATIONAL WORKPLACE AWARD

Analysis finds the current sentiment level on earnings calls declined sharply year-over-year, but remains well above the pessimism seen during the COVID-19 pandemic NEW YORK , Feb. 1, 2023 /PRNewswire/ -- The overall sentiment of S&P 500 firms has deteriorated for three straight earnings seasons as of Q3'22, which concluded in December. The current market conditions, however, are nowhere near the downtrends that were seen in late 2008 or during the early parts of COVID-19, according to a new white paper published by S&P Global Market Intelligence.

S&P Global Market Intelligence launches first of its kind analysis utilizing natural language processing algorithms to comprehensively review a full earnings season of S&P 500 firms

AbbVie

CVS Health

Disney

Duke Energy

Fiserv

PepsiCo

Philip Morris

PayPal

Vertex Pharmaceuticals

The fourth quarter 2022 earnings season continues to be subpar for the S&P 500.

10 Biggest Companies Reporting Earnings in the Second Week of Feb 2023

NEW YORK , Jan. 31, 2023 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for November 2022 show that home price gains declined across the United States.

S&P CORELOGIC CASE-SHILLER INDEX CONTINUED TO DECLINE IN NOVEMBER

NEW YORK , Jan. 31, 2023 /PRNewswire/ -- Global M&A activity and equity issuance fell sharply in 2022 after reaching some high marks in 2021, according to S&P Global Market Intelligence's newly released Global Q4 2022 M&A and Equity Offerings report. The total value of global announced M&A fell 35.8% year over year to $2.983 trillion, while the total value of global equity issuance plummeted 66.6% to $351.76 billion.

2022 Global M&A and IPO Activity was Historically Bleak According to New S&P Global Market Intelligence Report

S&P Global Inc. has closed on the IHS deal in a tough 2022. The business has been hit hard by lower rating activities, creating a big pullback in expected earnings.

S&P Global: Choppy Conditions

Agree Realty

Comstock Resources

STORE Capital

NEW YORK , Jan. 30, 2023 /PRNewswire/ -- S&P SmallCap 600 constituent Agree Realty Corp. (NYSE:ADC) will replace STORE Capital Corp. (NYSE:STOR) in the S&P MidCap 400, and Comstock Resources Inc. (NYSE:CRK) will replace Agree Realty in the S&P SmallCap 600 effective prior to the opening of trading on Monday, February 6. STORE Capital is being acquired in a transaction expected to be completed soon pending final conditions.

Agree Realty Set to Join S&P MidCap 400; Comstock Resources to Join S&P SmallCap 600

New economic and sovereign insights complement S&P Capital IQ Pro's deep sector data, offering an enhanced and comprehensive desktop workflow solution NEW YORK , Jan. 30, 2023 /PRNewswire/ -- S&P Global Market Intelligence, a provider of information services and solutions to global markets, today announced the launch of Country Risk Scores and Economic data and insights on its S&P Capital IQ Pro platform. This new enhancement will include high level country risk scores, country summaries and macroeconomic indicators on the division's flagship workflow solution and data platform.

S&P Global Market Intelligence Launches Country Risk Scores & Economic Data and Insights on S&P Capital IQ Pro

NEW YORK , Jan. 28, 2023 /PRNewswire/ -- automotiveMastermind (aM), part of S&P Global Mobility and the leading provider of predictive analytics and marketing automation solutions for dealerships, has announced an integration between Mastermind, aM's flagship automated sales and marketing platform, and DealerSocket, Solera's industry-leading customer relationship management (CRM) software. The integration will create a more efficient workflow for dealers using both platforms with integration of the notes feature as a first phase.

automotiveMastermind Integrates with DealerSocket to Improve Efficiency for Dealership Sales Teams

Rates Often Vary by Region DALLAS , Jan. 28, 2023 /PRNewswire/ -- CARFAX has new data that provides insights into where accidents happen around the country, including the states with the most and the fewest accidents per 1,000 registered vehicles in each state. Georgia tops the list for the most, and several other southern states had high rates as well.

NEW CARFAX INSIGHTS ON ACCIDENT TRENDS

Archer-Daniels-Midland Company

Comcast

Chevron

Halliburton

HCA Healthcare

Kimberly-Clark

Marathon Oil

Norfolk Southern

Nucor

Charles Schwab

It was a busy week for dividend announcements, with the fourth-quarter earnings season in full swing.

Chevron, Comcast, and 10 More Companies That Raised Their Dividends

Dealer partners will gain access to advanced customer journey data to strengthen data mining NEW YORK , Jan. 27, 2023 /PRNewswire/ -- automotiveMastermind (aM), part of S&P Global Mobility and the leading provider of predictive analytics and marketing automation solutions for dealerships, has announced a strategic partnership with Orbee, a leading provider of customer experience middleware for dealerships. Orbee's Customer Data Platform will be integrated into Mastermind, aM's proprietary automated sales and marketing platform.

automotiveMastermind and Orbee Partner to Accelerate the Adoption of Customer Data Platform Technology Across the Automotive Industry

NEW YORK , Jan. 27, 2023 /PRNewswire/ -- Rising funding costs and growing liquidity pressures at community banks will begin to stand in the way of additional net interest margin expansions in 2023, according to S&P Global Market Intelligence's latest quarterly community banking outlook report. The newly published report, Liquidity pressures put funding in the crosshairs at community banks, is available on S&P Capital IQ Pro, a trusted source for community banking data.

S&P Global Market Intelligence's latest quarterly community bank report says liquidity pressures will cause community banks to record notably higher funding costs in 2023

Car Owners Use Car Care to Help Better Maintain Their Vehicles DALLAS , Jan. 27, 2023 /PRNewswire/ -- CARFAX Car Care is marking a major milestone: 30 million consumers are using the service to track the 43 million vehicles they drive. CARFAX Car Care is a free tool that lets car owners track their service needs and provides timely service reminders and safety recall alerts.

CARFAX Car Care Program Tops 30 Million Consumers

NEW YORK , Jan. 26, 2023 /PRNewswire/ -- automotiveMastermind (aM), part of S&P Global Mobility and the leading provider of predictive analytics and marketing automation solutions for dealerships, has signed a contract to join the Reynolds Certified Interface Program to directly integrate Mastermind, aM's flagship automated sales and marketing platform, with the Reynolds and Reynolds ERA® and POWER Dealer Management System (DMS).   Once certified, the new integration will enable the following: Automatic data syncing.

automotiveMastermind Joins the Reynolds Certified Interface Program

January 2023 US auto sales are expected to advance mildly from the year-ago level; seasonally adjusted annual rate (SAAR) will jump once again SOUTHFIELD, Mich. , Jan. 26, 2023 /PRNewswire/ -- With volume for January 2023 projected at 1.015 million units, US auto sales are estimated to translate to an estimated sales pace of 15.5 million units (seasonally adjusted annual rate: SAAR).

S&P Global Mobility: January 2023 US Auto Sales Highlight Mixed Messaging

Blackrock Inc

CME Group

Cummins

Honeywell

Intercontinental Exchange

Iron Mountain

Illinois Tool Works

Coca-Cola

Leggett & Platt

Medtronic

Altria

Realty Income Corp

Omega Healthcare Investors

AT&T

Thermo Fisher Scientific

Tractor Supply

Twilio

Unilever

Visa

Yum China Hlds

Analyzing my real-life portfolio's dividend growth for 2022. Dividend growth pulled back some compared to 2021; however, it was still a strong year of dividend growth.

Dividend Growth Checkup - 2022

DoubleVerify Holdings

NEW YORK , Jan. 25, 2023 /PRNewswire/ -- DoubleVerify Holdings Inc. (NYSE: DV) will replace Meridian Bioscience Inc. (NASD: VIVO) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, January 31. SD Biosensor is acquiring Meridian Bioscience in a deal expected to be completed soon pending final conditions.

DoubleVerify Holdings to Join S&P SmallCap 600

World's preeminent energy conference to focus on 'Navigating a Turbulent World: Energy, Climate and Security.' Learn more at www.ceraweek.com HOUSTON , Jan. 25, 2023 /PRNewswire/ -- U.S. Secretary of Energy Jennifer M.

US Secretary of Energy Jennifer M. Granholm to Address CERAWeek by S&P Global in Houston, March 6-10

NEW YORK , Jan. 25, 2023 /PRNewswire/ -- The Board of Directors of S&P Global (NYSE: SPGI) today approved a 6.4% increase in the regular quarterly cash dividend on the Company's common stock. The Company has paid a dividend each year since 1937 and is one of fewer than 25 companies in the S&P 500® that has increased its dividend annually for at least the last 50 years.

S&P Global Increases Dividend 6.4% to $0.90

Broadridge Financial

Enterprise Products Partners

Fidelity National Financial

Moody's

Uber

Zillow

Previously, I wrote an article on "toll booth" investments and identified a few examples of companies that operate as such. In this second installment, I will highlight a few more companies that fit this description and look at their historical performance.

Own The Toll Booths - Part 2

News for S&P Global Stock (SPGI)