S&P Global (SPGI) Company Report

S&P Global Inc. completed a private offering of $600 million of 4.250% Senior Notes due 2031 and $400 million of 4.800% Senior Notes due 2035 on December 4, 2025.
The Notes are governed by the May 26, 2015 indenture, as supplemented by the December 4, 2025 tenth supplemental indenture, and are fully and unconditionally guaranteed by Standard & Poor’s Financial Services LLC.
Net proceeds will be used for general corporate purposes, including possible acquisitions, repayment or refinancing of debt, capital expenditures, working capital and share repurchases.
The indenture includes covenants limiting secured liens and restricting mergers or asset transfers, and grants holders a 101% change-of-control repurchase right plus accrued interest.

1 day ago

8-K

S&P Global announces Mobility division leadership appointments

SPGI

Management Change

Hiring

S&P Global named key leaders to its Mobility executive team as it prepares for a planned separation into a standalone public company.
Larissa Cerqueira will join Mobility as Chief People Officer, effective January 1, 2026.
Tasha Matharu, Deputy General Counsel and Corporate Secretary of S&P Global, is appointed Chief Legal Officer, effective January 1, 2026.
Joseph “Joedy” Lenz, former CTO of CARFAX, is named Chief Information Officer, effective immediately.
Mobility’s separation from S&P Global is expected to be completed within 12 to 18 months, pending customary approvals.

1 day ago

Press Release

S&P Global proposes offering of senior notes due 2031 and 2035

SPGI

Debt Issuance

S&P Global to commence private offering of unsecured senior notes due 2031 and 2035, guaranteed by Standard & Poor’s Financial Services LLC.
Notes to be sold only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S; not registered under the Securities Act.
Net proceeds earmarked for general corporate purposes, including possible acquisitions, debt refinancing, capital expenditures, working capital, or share repurchases.

4 days ago

8-K

S&P Global prices senior notes due 2031 and 2035

SPGI

Debt Issuance

S&P Global priced a private placement of $600 million 4.25% senior notes due 2031 and $400 million 4.80% senior notes due 2035.
The 2031 notes mature on January 15, 2031 and the 2035 notes mature on December 4, 2035, with interest payable semi-annually beginning in mid-2026.
The notes are unsecured, unsubordinated obligations guaranteed by Standard & Poor’s Financial Services LLC, and closing is expected on or about December 4, 2025.
Net proceeds will be used for general corporate purposes, including potential acquisitions, debt refinancing, capital expenditures, working capital and share repurchases.

4 days ago

Press Release

S&P Global announces proposed offering of senior notes

SPGI

Debt Issuance

S&P Global has commenced a private placement of senior notes due 2031 and 2035 to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
The notes will be unsecured obligations of the company, guaranteed by Standard & Poor’s Financial Services LLC, and are not registered under the Securities Act.
Net proceeds are earmarked for general corporate purposes, including possible acquisitions, debt repayment or refinancing, capital expenditures, working capital and share repurchases.

4 days ago

Press Release

S&P Global completes acquisition of With Intelligence

SPGI

M&A

S&P Global completed the $1.8 billion acquisition of With Intelligence, a private markets data, insights and analytics provider, from Motive Partners.
The deal significantly expands S&P Global’s private markets capabilities by integrating With Intelligence’s proprietary data and workflow solutions.
CEO Martina Cheung said the acquisition represents a key strategic step to provide essential intelligence across the private investment lifecycle.

Nov 25, 2025, 6:25 PM

Press Release

S&P Global outlines AI integration and enterprise initiatives at investor conference

SPGI

Product Launch

New Projects/Investments

Enterprise Data Office (EDO) and Chief Client Office (CCO) established to drive an enterprise mindset, enabling rapid data linking via Kensho Link and Terahelix, contributing to Market Intelligence margin expansion and landing strategic deals such as Barclays.
Generative AI integrated across core products (e.g., Platts Connect ChatAI, iLevel automated ingestion), complemented by the launch of Kensho Labs to co-create AI solutions with clients.
Clients most active on S&P Global’s AI tools are substantially increasing data consumption, leading to new licensing agreements through channels like Claude for Financial Services and Microsoft Copilot.
Market Intelligence targets 6–8% organic revenue growth, underpinned by 6.5–7% ACV growth in Q3 and high-growth workflow tools (Wall Street Office, iLevel), while maintaining strict pricing discipline.
Ratings margins have expanded through process streamlining, robotic process automation, generative AI in analytical workflows, and cross-training of analysts, allowing increased output without additional headcount.

Nov 18, 2025, 2:00 PM

Transcript

S&P Global outlines new data and AI strategy with 6–8% MI growth outlook

SPGI

Guidance Update

Product Launch

S&P Global’s Enterprise Data Office and Chief Client Office have accelerated data linking via Kensho and Terahelix, expanded Market Intelligence margins without rising headcount (2025 peak organic headcount), and secured major deals like Barclays.
The company is embedding generative AI across products—Spark Assist, Platts Connect Chat, CapIQ Pro, iLevel—and launched Kensho Labs for client co-creation, while licensing data to LLMs such as Claude and Microsoft Copilot to boost usage and new revenue streams.
Market Intelligence targets 6–8% organic revenue growth over the medium term, driven by 6.5–7% Q3 ACV growth, AI-enhanced subscription products, workflow tools (Wall Street Office, iLevel, Notice Manager), and vendor consolidation tailwinds.
Private markets, including private credit, have delivered strong Ratings and MI growth; partnerships with Cambridge Mercer and acquisition of WIS Intelligence aim to close the transparency gap in benchmarks and reporting, underpinning a significant medium-term opportunity across Ratings, MI, and Index.

Nov 18, 2025, 2:00 PM

Transcript

S&P Global outlines AI strategy and strategic initiatives at JPMorgan 2025 investor conference

SPGI

New Projects/Investments

Product Launch

Guidance Update

CEO Martina Cheung highlighted the success of the newly formed Enterprise Data Office (EDO) and Chief Client Office (CCO) in their first year: EDO has linked millions of data assets using Kensho Link and Terahelix without adding organic headcount, while CCO secured key deals with top-tier clients like Barclays.
S&P Global is embedding generative AI into core products (e.g., Platts Connect ChatAI, CapIQ Pro) and expanding data licensing through hyperscalers and LLMs, and has launched Kensho Labs to co-create bespoke AI solutions with clients.
The Market Intelligence division targets 6–8% organic revenue growth over the medium term, driven by AI-enhanced subscription offerings and high-growth workflow tools such as Wall Street Office, iLevel, and Notice Manager.
Ratings margins have improved through process streamlining since 2022, including RPA, machine learning, generative AI in analytical workflows, and cross-training analysts to manage capacity without headcount increases.
S&P Global is well-positioned in private markets—particularly private credit and infrastructure—achieving strong double-digit growth in ratings and MI, bolstered by partnerships with Cambridge Mercer and WIS Intelligence to enhance transparency and benchmarking.

Nov 18, 2025, 2:00 PM

Transcript

Clean Power Alliance earns A credit rating from S&P

SPGI

Clean Power Alliance received an upgrade from an A- to an A issuer credit rating with a Stable Outlook from S&P Global Ratings.
The upgrade reflects CPA’s strengthened liquidity position, zero outstanding long-term debt, and diversified, extremely low-carbon energy supply portfolio.
CPA’s electricity portfolio is expected to exceed 70% renewable in 2025 and includes energy from the SunZia project.
The A rating bolsters CPA’s ability to secure favorable terms on energy procurement, financing, and infrastructure investments.

Nov 17, 2025, 4:30 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for S&P Global.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Martina Cheung say about margins?What are S&P Global's strategic priorities?How is S&P Global positioned vs competitors?How did S&P Global do last quarter?

Let Fintool AI Agent track S&P Global's earnings for you

Get instant analysis when filings drop