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SPGI is a company that operates through several key business lines, providing essential data, analytics, and insights to various industries. The company primarily engages in Market Intelligence, Mobility, and Indices, offering subscription-based services and solutions that cater to finance, automotive, and investment sectors . SPGI's revenue growth is largely driven by the demand for market data and insights, with a strong emphasis on subscription models across its divisions .
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Market Intelligence - Provides data, analytics, and third-party research for finance and corporate professionals through Desktop, Data & Advisory Solutions, Enterprise Solutions, and Credit & Risk Solutions. Subscription revenue is a major contributor to this segment.
- Desktop - Offers software access for financial data analysis.
- Data & Advisory Solutions - Delivers tailored data and advisory services.
- Enterprise Solutions - Supplies comprehensive data solutions for enterprises.
- Credit & Risk Solutions - Provides tools for credit assessment and risk management.
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Mobility - Serves the automotive value chain, including OEMs, suppliers, and finance companies, with critical information and insights through subscription and consulting services.
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Indices - Offers valuation and index benchmarks for investment advisors and institutional investors, generating revenue from asset-linked fees, exchange-traded derivatives, and data subscriptions.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Christina Twomey Executive | Chief Communications Officer | Young Leaders Council, Vital Voices | Joined SPGI in 2015; recognized for excellence in communications and crisis management. | |
Christopher F. Craig Executive | Interim CFO | None | Joined SPGI in 2010; previously SVP, Controller, and Chief Accounting Officer; appointed Interim CFO in 2024. | |
Dan Draper Executive | CEO, S&P Dow Jones Indices | Board Director, Lyric Opera of Chicago; Board Director, Delta Dental of Virginia | Joined SPGI in 2020; recognized for leadership in diversity and inclusion; extensive experience in asset management. | |
Dave Ernsberger Executive | Co-President, S&P Global Commodity Insights | None | Joined SPGI in 1996; previously Head of Market Reporting and Trading Solutions; expertise in commodity price benchmarks. | |
Edouard Tavernier Executive | President, S&P Global Mobility | None | Joined SPGI in 2022; previously EVP at IHS Markit; expertise in transportation and strategic acquisitions. | |
Eric W. Aboaf Executive | EVP and CFO | Board Chair, New York City Urban Debate League | Joined SPGI in 2025; previously CFO and Vice Chairman at State Street Corporation; extensive experience in financial strategy, treasury, and M&A. | |
Girish Ganesan Executive | EVP, Chief People Officer | Board Member, CRISIL | Joined SPGI in 2021; recognized as a top global HR leader; expertise in diversity and inclusion. | |
Mark Eramo Executive | Co-President, S&P Global Commodity Insights | None | Joined SPGI in 2022; previously Head of Fuels, Chemicals & Resource Solutions; expertise in energy transition and sustainability. | |
Martina L. Cheung Executive | President and CEO | Board of Trustees, Catholic Charities New York; Member, Council on Foreign Relations; Member, Economic Club of New York | Joined SPGI in 2010; previously President of S&P Global Ratings and S&P Global Market Intelligence; led major M&A deals like the IHS Markit merger; recognized for leadership in sustainability and DEI. | |
Sally Moore Executive | EVP, Chief Client Officer | Founding Member, UK\u2019s National Numeracy Leadership Council | Joined SPGI in 2006 through IHS Markit; expertise in strategy, M&A, and DEI advocacy. | |
Saugata Saha Executive | President, S&P Global Market Intelligence; Chief Enterprise Data Officer | None | Joined SPGI in 2014; previously President of S&P Global Commodity Insights; expertise in digital transformation and data analytics. | |
Steve Kemps Executive | EVP, Chief Legal Officer | None | Joined SPGI in 2016; oversees legal, compliance, and risk functions; CPA-certified with extensive legal expertise. | |
Swamy Kocherlakota Executive | EVP, Chief Digital Solutions Officer | None | Joined SPGI in 2017; leads digital transformation and AI innovation; recognized for diversity advocacy. | |
Yann Le Pallec Executive | President, S&P Global Ratings | Chair of the Board, CRISIL Ltd | Joined SPGI in 1999; previously Head of Global Ratings Services; expertise in credit markets and talent development. | |
Gay Huey Evans Board | Independent Director | Director, ConocoPhillips; Board Member, HM Treasury; Senior Advisor, Chatham House | Independent Director since 2022; extensive experience in finance, commodities, and regulation; honored with CBE and OBE for services to the economy and philanthropy. | |
Gregory Washington Board | Independent Director | Board of Trustees, Internet2; Board Member, N.C. State Engineering Foundation | Independent Director since 2021; President of George Mason University; expertise in engineering and technology. | |
Ian P. Livingston Board | Independent Director | Senior Independent Director, National Grid plc; Non-Executive Chair, Business Growth Fund | Independent Director since 2020; former CEO of BT Group; expertise in technology and finance. | |
Jacques Esculier Board | Independent Director | Board Member, Daimler Truck Holding AG | Independent Director since 2022; former CEO and Chairman of WABCO Holdings Inc.; expertise in transportation and commodities industries. | |
Marco Alverà Board | Independent Director | Group CEO, Tree Energy Solutions; Co-founder and CEO, Zhero; Board Member, Cini Foundation | Independent Director since 2017; extensive experience in energy transition and sustainability; former CEO of Snam S.p.A.. | |
Maria R. Morris Board | Independent Director | Board Member, Allstate; Board Member, Wells Fargo; Trustee, Catholic Charities of New York | Independent Director since 2016; former EVP at MetLife; expertise in financial services and global operations. | |
Rebecca Jacoby Board | Independent Director | Advisory Board Member, ParkourSC | Independent Director since 2014; former CIO of Cisco Systems; expertise in technology and operations. | |
Richard E. Thornburgh Board | Chairman of the Board | Director, Repay Holdings Corporation; Chairman, Jackson Hewitt; Member, Corsair Capital LLC | Independent Director since 2011; extensive experience in financial services and corporate governance. | |
Robert P. Kelly Board | Independent Director | None | Independent Director since 2022; former Chairman and CEO of The Bank of New York Mellon; expertise in finance and risk management. | |
Stephanie C. Hill Board | Independent Director | Board of Visitors, University of Maryland, Baltimore County | Independent Director since 2017; President of Rotary and Mission Systems at Lockheed Martin; recognized for advancing STEM education. | |
William D. Green Board | Independent Director | Board Member, Dell Technologies; Board Member, GTY Technologies Holdings | Independent Director since 2011; former CEO and Chairman of Accenture; expertise in IT and corporate governance. |
- Martina, with the recent leadership changes and your emphasis on connecting the dots across divisions, what specific initiatives are you planning to implement differently from your predecessor to enhance shareholder value, and how will you ensure these changes don't disrupt the company's current success?
- Given the challenges in the Market Intelligence segment, including increased cancellations among smaller customers due to pricing pressure and longer sales cycles, what concrete steps are you taking to stabilize execution and improve performance in this segment?
- Mobility revenue guidance has been trimmed for the second consecutive quarter, partly due to recall activity headwinds. How do you plan to overcome these challenges, and what strategies are in place to restore growth and confidence in this segment moving forward?
- While Commodity Insights is performing well above medium-term targets, how do you plan to mitigate potential cyclicality in this business, and can you elaborate on how investments in energy transition products will contribute to sustained growth despite market fluctuations?
- With several leadership changes announced, including new division presidents and a new CFO expected in 2025, how will you ensure that this transition maintains the company's growth trajectory, and what measures are in place to address any potential disruptions or challenges arising from these changes?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
World Hydrogen Leaders | 2024 | Completed on May 14, 2024, this acquisition by S&P Global Commodity Insights bolsters its hydrogen and energy transition offerings with key assets in conferences, digital training, and market intelligence, while the deal remains immaterial to consolidated financials. |
Visible Alpha | 2024 | Completed on May 1, 2024, Visible Alpha—a provider of consensus data, KPIs, and analytics—was integrated into the Market Intelligence segment and enhances the Capital IQ Pro platform, reinforcing S&P Global's investment research capabilities with minimal financial impact. |
Market Scan Information Systems, Inc. | 2023 | Completed on February 16, 2023, this acquisition strengthens the Mobility segment with Market Scan’s automotive pricing and incentive intelligence, including proprietary payment technologies that are expected to contribute modest revenue growth, though the deal is not material to overall financials. |
TruSight Solutions LLC | 2023 | Completed on January 4, 2023, TruSight Solutions LLC provides third-party vendor risk assessments and has been integrated into the Market Intelligence segment to expand S&P Global’s vendor risk management solutions, with no material financial impact. |
ChartIQ | 2023 | Acquired on January 3, 2023, ChartIQ, a premier charting provider for interactive financial data visualization, has been integrated into the Market Intelligence segment and Capital IQ Pro platform to enhance technical analysis, despite its immaterial financial impact. |
IHS Markit | 2022 | Merged on February 28, 2022, S&P Global acquired 100% of IHS Markit in an all-stock deal valued at approximately $43.5 billion, creating wholly owned subsidiaries that significantly expand its market research and global insights capabilities. |
Recent developments and announcements about SPGI.
Earnings
New Earnings (Q4 2024)
·Feb 11, 2025, 4:02 PMView full earnings summary →S&P Global ended Q4 with no MI competitive losses and delivered margin expansion at the high end of guidance, driven by disciplined costs and AI. Although MI faces a softer H1’25, management projects gradual improvement, with Ratings seeing low-single-digit growth.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMFinancial ExhibitsView full 8-K filing →S&P Global filed an 8‑K on Feb 11, 2025, with its Q4/FY2024 earnings release (Exhibit 99). Q4 net income hit $4.17B and updated 2025 guidance was provided. Detailed results, including revenue breakdowns and operating margins, are outlined in the report.