S&P Global (SPGI) Company Report

Global supply chains remain underutilized, with the headline GEP Global Supply Chain Volatility Index at –0.29 in November 2025, signaling widespread slack capacity.
North America recorded the steepest contraction, as its regional index fell to –0.53 from –0.45, driven by manufacturers cutting input orders ahead of 2026.
Asia’s index improved to –0.16 from –0.30, while Europe and the UK stood at –0.33 and –0.20 respectively, reflecting ongoing demand weakness.
The data suggest limited purchasing cost pressures and point to a sustained buyers’ market for the start of 2026.

2 days ago

Press Release

S&P Global advances AI transformation through Google Cloud partnership

SPGI

New Projects/Investments

S&P Global announced a multi-year strategic partnership with Google Cloud to accelerate enterprise-wide transformation in agentic AI, data distribution, and workflow automation.
The deal will unify S&P Global’s proprietary data on BigQuery for faster, AI-ready insights and expand agentic offerings on Gemini Enterprise—including a Kensho-developed data retrieval agent.
S&P Global will deploy Google Cloud’s AI tools to enhance workforce productivity and reinforce its multi-cloud strategy for future growth.

2 days ago

Press Release

S&P Global sets 7–9% medium-term organic growth and 50–75 bp margin expansion targets

SPGI

Guidance Update

Medium-term organic revenue growth target of 7–9% per year and 50–75 basis points annual margin expansion, with division-level growth guided at 10–12% for Index, 6–9% for Ratings, and 6–8% for Market Intelligence and Commodity Insights.
Growth drivers include secular tailwinds: capital markets expansion and active-to-passive shift boosting Index; a refinancing wall and private markets fueling Ratings; plus energy expansion and private-markets opportunities across other divisions.
Emphasis on AI integration, with LLM-ready APIs, generative AI embedded in core platforms, partnerships with hyperscale LLM providers, and AI-enabled data products to enhance client workflows and drive new data sales.

3 days ago

Transcript

S&P Global sets 7%–9% medium-term organic growth and margin targets

SPGI

Guidance Update

M&A

S&P Global reiterated 7%–9% organic revenue growth and 50–75 bps of annual margin expansion, with division-level targets: Market Intelligence 6–8%, Ratings 6–9%, Commodity Insights 6–8%, and Index 10–12%.
Key secular drivers include private markets (credit, equity, infrastructure) and energy expansion—forecasting a 50% rise in energy demand by 2050—supported by expanded research and data capabilities.
The company is embedding generative AI across workflows via LLM-ready APIs, new data sales through AI partners, and strategic collaborations (e.g., IBM agent integration) to enhance product stickiness and upsell opportunities.
Enterprise productivity programs (Spark for compliant LLM use, agentic SDLC, Enterprise Data Office, Analyst of the Future) are expected to drive further margin improvement, particularly in the headcount-intensive Market Intelligence segment.

3 days ago

Transcript

S&P Global completes private offering of senior notes

SPGI

Debt Issuance

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.

Dec 4, 2025, 9:16 PM

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.

Dec 4, 2025, 1:00 PM

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.

Dec 1, 2025, 10:19 PM

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.

Dec 1, 2025, 10:07 PM

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.

Dec 1, 2025, 2:01 PM

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