标普全球S&P Global Inc.（SPGI）2025年第四季度及全年业绩报告「NYSE」（英文版）（22页）.pdf

1、55 Water StreetNew York,NY Press ReleaseFor Immediate ReleaseS&P Global Reports Fourth Quarter and Full-Year 2025 ResultsNew York,NY,February 10,2026 S&P Global(NYSE:SPGI)today reported fourth quarter and full-year 2025 results.This earnings release and supplemental materials are available at http:/

2、 Company reported fourth quarter 2025 reported revenue of$3.916 billion,an increase of 9%compared to the fourth quarter of 2024.Fourth quarter GAAP net income increased 29%to$1,134 million and GAAP diluted earnings per share increased 32%to$3.75 driven primarily by strong revenue and operating profi

3、t growth in Ratings and Indices.Adjusted net income for the fourth quarter increased 12%to$1.299 billion and adjusted diluted earnings per share increased 14%to$4.30.For the full-year 2025,reported revenue increased 8%year over year to$15.336 billion.2025 GAAP net income increased 16%to$4.471 billio

4、n and GAAP diluted earnings per share increased 19%to$14.66,driven primarily by revenue and operating profit growth in the Companys Ratings,Indices,and Market Intelligence divisions.2025 adjusted net income increased 11%to$5.441 billion compared to 2024 adjusted net income,and adjusted diluted earni

5、ngs per share increased 14%to$17.83 compared to 2024 adjusted diluted earnings per share.S&P Global delivered revenue growth of 8%y/y in 2025.GAAP operating margin improved by approximately 3 percentage points y/y,and adjusted operating margin increased 140 basis points.GAAP diluted EPS of$14.66 inc

6、reased 19%y/y,while adjusted diluted EPS of$17.83 increased 14%y/y.The Company returned$6.2 billion to shareholders in 2025,including$1.2 billion in dividends and$5.0 billion in share repurchases.This represents 113%of adjusted free cash flow for the year.2026 adjusted guidance calls for organic con