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S&P Global Inc. (SPGI-0.19%) has submitted its Form 10-K filing for the fiscal year ended December 31, 2024.
The filing reports a 14% increase in revenue to $14.2 billion, driven by growth in all reportable segments, particularly in Ratings and Market Intelligence. Ratings saw a 31% rise in revenue due to increased corporate bond ratings and bank loan ratings revenue.
Operating profit increased by 39%, reaching $5.6 billion. This was attributed to revenue growth and efficiency improvements, despite higher compensation costs and technology investments.
Net income attributable to S&P Global Inc. rose to $3.9 billion, a 47% increase from the previous year, with diluted earnings per share at $12.35.
The company completed several acquisitions in 2024, including Visible Alpha and World Hydrogen Leaders, and divested its PrimeOne business and Fincentric.
S&P Global Inc. continues to focus on expanding its product offerings in areas such as energy transition and sustainability, leveraging technology investments to enhance its services.
The company also reported a strong financial position with cash flows from operations providing sufficient liquidity for ongoing investments and shareholder returns.
S&P Global Inc. announced a quarterly dividend of $0.96 per share, reflecting its commitment to returning capital to shareholders.
The filing details various risks, including cybersecurity threats, regulatory changes, and market volatility, which could impact future performance.
S&P Global Inc. remains focused on executing its strategic priorities, including enhancing customer experience, driving growth through innovation, and maintaining operational resilience.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the S&P Global Inc. annual 10-K report dated February 11, 2025. To report an error, please email earnings@qz.com.