S&P Global (SPGI) Stock

$539.69 -2.63 (-0.48%)

Market Cap: $166.12B | NYSE

S&P Global Chart

Company Profile

Price: $539.69

Market Cap: $166.12B

Exchange: NYSE

CEO: Ms. Martina L. Cheung

Sector: Financial Services

Industry: Financial - Data & Stock Exchanges

Employees: 40.45K

Headquarters: New York, NY

Website: S&P Global

Business Summary

S&P Global Inc., together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions. The S&P Global Ratings division operates as an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings, and benchmarks. The S&P Dow Jones Indices division is an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. The S&P Global Commodity Insights division offers data and insights for global energy and commodity markets and enable its customers to make decisions. The S&P Global Market Intelligence division delivers data and technology solutions for customers to provide insights for making decisions. It offers data and services that bring end-to-end workflow solutions, including capital formation, data and distribution, ESG and sustainability, leveraged loans, private markets, sector coverage, supply chain, and issuer solutions, as well as credit, risk, and regulatory solutions. The S&P Global Mobility division provides insights derived from unmatched automotive data, enabling its customers to anticipate change and make decisions. The S&P Global Engineering Solutions division offers engineering expertise and solutions in industries, such as aerospace and defense, energy, architecture, construction, and transportation. Its solutions empower business and technical leaders to transform workflows and make decisions. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.

S&P Global News

Fosun International Continues to be Recognized in the S&P Global's Sustainability Yearbook 2025

HONG KONG , Feb. 13, 2025 /PRNewswire/ -- On 12 February 2025, S&P Global released the Sustainability Yearbook 2025. Fosun International Limited (HKEX Stock Code: 00656, "Fosun International") was successfully selected into the yearbook for the second consecutive year for its continuous efforts in environmental, social and governance (ESG).

S&P Global: Low-Teens Adjusted EPS Growth Is Plausible

I reiterate my buy rating for S&P Global Inc. due to strong business fundamentals and robust growth outlook, despite guided slow growth for FY25. SPGI's 4Q24 earnings were impressive, with 14% y/y revenue growth, 260 bps adj EBIT margin expansion, and 21% y/y adj EPS growth. Potential upside from investment-grade issuance, M&A recovery, and AI initiatives in MI and CI segments could drive low-teens adjusted EPS growth for SPGI.

S&P Global Market Intelligence Quarterly Report Finds Global Equity Issuance Value Rose to the Highest Level Since 2021 in Q4 2024

NEW YORK , Feb. 13, 2025 /PRNewswire/ -- Global equity issuance activity rebounded in the fourth quarter of 2024, according to S&P Global Market Intelligence's newly released Q4 2024 Global M&A and Equity Offerings Report. On a quarterly basis, global IPO transactions rose more than 3.0% quarter over quarter, while the aggregate amount offered jumped nearly 56.0% to about $116.35 billion, the highest quarterly volume over the last two years.

S&P Global warns of "unprecedented" U.S. World Bank withdrawal risk

S&P Global completed the list of top credit rating agencies to warn that an "unprecedented" U.S. withdrawal from the World Bank and other top multilateral lenders would damage their prized triple-A credit ratings.

Hanon Systems Included in S&P Global's 2025 Sustainability Yearbook

SEOUL, South Korea , Feb. 13, 2025 /PRNewswire/ -- Hanon Systems (KS:018880), a leading global automotive thermal management supplier, has been included in the S&P Global Sustainability Yearbook for the second consecutive year. The 2025 S&P Global Sustainability Yearbook features companies that score within the top 15% of their industry, and achieve a S&P Global Sustainability Score within 30% of the industry's top-performing companies.

S&P Global: Buy, Sell, or Hold?

Most investors know the S&P 500 stock market index but usually stop there. S&P stands for Standard & Poor's, referencing S&P Global (SPGI -1.67%).

S&P Global Analysts Increase Their Forecasts After Strong Earnings

S&P Global Inc. SPGI posted upbeat earnings for its fourth quarter on Tuesday.

U.S. MANUFACTURING PICKED UP IN JANUARY DRIVEN BY GROWING DEMAND: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX

The world's supply chains are operating at full capacity, with the notable exception of Europe, which remains in a protracted industrial recession. Asia's manufacturing growth was reported by major exporters, led by South Korea, China, and India.

S&P Global: A Flawless Quarter, But Still Not A Buy

S&P Global had a stellar FY2024 with a 14% revenue increase and 21% adjusted operating profit growth, driven by favorable macroeconomic conditions and AI efficiencies. High-yield bond issuance surged 94%, investment grade issues rose 36%, and the Other segment grew 62%, contributing to SPGI's impressive performance. Despite strong financials and operational efficiency, SPGI's current valuation with a PE Ratio over 45x is too high for a buy recommendation.

Why S&P Global Stock Is Up Today

S&P Global (SPGI 3.60%) easily surpassed expectations for the fourth quarter and provided a better-than-expected outlook for 2025. Investors are cheering the results, sending shares of the financial data company up more than 3% as of 2 p.m.

S&P Global: Knockout Quarter And High Bar Set For 2025

S&P Global's first earnings report under CEO Martina Cheung was flawless, with strong growth across all segments and significant margin expansion. Despite concerns about 2025, S&P Global provided ambitious guidance, expecting 5%-7% growth, with adjusted EPS above consensus and robust free cash flow. The company's monopolistic position and diversified segments make it a prime beneficiary of global GDP growth.

S&P Global Inc. (SPGI) Q4 2024 Earnings Call Transcript

S&P Global Inc. (NYSE:SPGI ) Q4 2024 Earnings Conference Call February 11, 2025 8:30 AM ET Company Participants Mark Grant - SVP of IR Martina Cheung - President and CEO Chris Craig - Interim CFO Conference Call Participants Manav Patnaik - Barclays Alex Kramm - UBS Faiza Alwy - Deutsche Bank Ashish Sabadra - RBC Capital Markets Toni Kaplan - Morgan Stanley Jeff Silber - BMO Capital Markets George Tong - Goldman Sachs Andrew Steinerman - JPMorgan Andrew Nicholas - William Blair Peter Christiansen - Citi David Motemaden - Evercore Owen Lau - Oppenheimer Shlomo Rosenbaum - Stifel Jason Haas - Wells Fargo Jeffrey Meuler - Baird Craig Huber - Huber Research Partners Scott Wurtzel - Wolfe Research Russell Quelch - Redburn Atlantic Operator Good morning, and welcome to S&P Global's Fourth Quarter and Full Year 2024 Earnings Conference Call. I'd like to inform you that this call is being recorded for broadcast.

S&P Global Q4 Earnings & Revenues Surpass Estimates, Increase Y/Y

SPGI's top line benefits from an improved segmental performance in the fourth quarter of 2024.

S&P Global Revenue Surges Past Estimates

S&P Global (SPGI 2.82%), the global provider of analytics, ratings, and insights, reported its earnings for the fourth quarter on Feb. 11, 2025. The company showcased a strong performance exceeding market forecasts, particularly driven by its Ratings division's growth.

S&P Global (SPGI) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Although the revenue and EPS for S&P Global (SPGI) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

S&P Global (SPGI) Surpasses Q4 Earnings and Revenue Estimates

S&P Global (SPGI) came out with quarterly earnings of $3.77 per share, beating the Zacks Consensus Estimate of $3.44 per share. This compares to earnings of $3.13 per share a year ago.

S&P Global Reports Fourth Quarter and Full-Year 2024 Results

NEW YORK , Feb. 11, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported fourth quarter and full-year 2024 results. The Company's earnings release and supplemental materials are available at http://investor.spglobal.com/Quarterly-Earnings.

Essity Included in S&P Global Sustainability Yearbook 2025 and Dow Jones Sustainability Index

STOCKHOLM , Feb. 11, 2025 /PRNewswire/ -- The hygiene and health company Essity has, for the fourth consecutive year, been included in S&P Global's Sustainability Yearbook. The company is ranked industry best in the Household Products category.

CERAWeek by S&P Global 2025 to Convene Energy CEOs, Government Officials and Business and Technology Leaders in Houston, March 10-14

World's preeminent energy conference to focus on ' Moving Ahead: Energy strategies for a complex world .' Learn more at www.ceraweek.com HOUSTON , Feb. 10, 2025 /PRNewswire/ -- The 43rd annual gathering of CERAWeek by S&P Global—the world's preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, March 10-14 in Houston.

The Zacks Analyst Blog Salesforce, Qualcomm, Verint, Varonis and S&P Global

Salesforce, Qualcomm, Verint, Varonis and S&P Global are included in this Analyst Blog.

S&P Global Gears Up to Report Q4 Earnings: What's in the Offing?

Strong growth in SPGI's offerings and increased market penetration are anticipated to have benefited the top line in the fourth quarter of 2024.

5 Big Data Providers to Buy on Lucrative Short-Term Upside Potential

Five Big Data stocks have strong revenue and earnings growth potential for 2025. These are: CRM, QCOM, VRNT, VRNS, SPGI.

The Next Big Opportunity: My Favorite Dividend Stocks For The Shift Ahead

I believe we're at a turning point for cyclical stocks, with improving indicators and global growth signaling potential outperformance in industrials, energy, and transportation. I'm positioning my portfolio for this shift, adding to railroads, machinery, and energy stocks. I'm confident these sectors will see strong returns and accelerating dividend growth. Of course, risks remain - geopolitical tensions, inflation, or economic slowdowns could derail this trend. But for now, the risk/reward looks favorable.

S&P Global (SPGI) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Beyond analysts' top -and-bottom-line estimates for S&P Global (SPGI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.

S&P Global U.S. Services PMI 52.9 vs 52.8 estimated

CNBC's Rick Santelli joins 'Squawk on the Street' with the latest economic data to cross the tape.

American Business Bank Ranked Top 10 in US Banks in Inaugural Deposits Ranking With Assets Between $3 Billion and $10 Billion for 2024

LOS ANGELES--(BUSINESS WIRE)--AMERICAN BUSINESS BANK RANKED TOP 10 IN US BANKS IN INAUGURAL DEPOSITS RANKING WITH ASSETS BETWEEN $3 BILLION AND $10 BILLION FOR 2024.

S&P Global Market Intelligence releases inaugural deposit rankings for U.S. community banks

Rankings include new deposit efficiency metric measuring cost of bank operations NEW YORK , Feb. 5, 2025 /PRNewswire/ -- Banks with high concentrations of noninterest-bearing deposits proved to have the most enviable deposit franchises in 2024 according to the inaugural 2024 U.S. Community Bank Deposit Rankings from S&P Global Market Intelligence. The rankings assign a premium to efficient operations and reduced reliance on borrowings and certificates of deposit.

North American Automotive Industry Faces Unprecedented Challenges as Tariffs Loom, according to S&P Global Mobility

Even with monthlong reprieve, potential 25% tariffs threaten to increase consumer prices and disrupt production and sales across key markets SOUTHFIELD, Mich. , Feb. 4, 2025 /PRNewswire/ -- The North American automotive industry is bracing for significant disruptions as the U.S. government has announced potential tariffs of up to 25% on imported vehicles from Canada and Mexico, and 10% for vehicles mainland China, while components and EVs already are under tariffs of 25% and 100% respectively.

S&P Global (SPGI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

S&P Global (SPGI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

S&P Global Market Intelligence Launches High Scale Data Automation in iLEVEL, Transforming Private Markets Portfolio Monitoring with AI-Powered Technology

NEW YORK , Feb. 4, 2025 /PRNewswire/ -- S&P Global Market Intelligence, a provider of information services and solutions to global markets, announced today the launch of its new Automated Data Ingestion (ADI) capability within iLEVEL, the flagship private markets investment management solution for private markets investors. The newly available capability is designed to revolutionize the way asset managers monitor their portfolios, significantly reducing the time spent gathering and uploading large volumes of data.

S&P Global Earnings

This section highlights S&P Global's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.

Next Earnings Date

Date: April 23, 2025

Time: Before Market

Est. EPS: $4.25

Status: Unconfirmed

Last Earnings Results

Date: February 11, 2025

EPS: $3.77

Est. EPS: $3.47

Revenue: $3.59B

Earnings Call Transcripts

Transcript	Quarter	Year	Date	Estimated EPS	Actual EPS
Read Transcript	Q4	2024	2025-02-11	$3.47	$3.77
Read Transcript	Q3	2024	2024-10-24	$3.64	$3.89
Read Transcript	Q2	2024	2024-07-30	$3.65	$4.04
Read Transcript	Q1	2024	2024-04-25	$3.66	$4.01
Read Transcript	Q4	2023	2024-02-08	$3.15	$3.13
Read Transcript	Q3	2023	2023-11-02	$3.05	$3.21
Read Transcript	Q2	2023	2023-07-27	$3.12	$3.12
Read Transcript	Q1	2023	2023-04-27	$2.91	$3.15

Financial Statements

Access annual & quarterly financial statements for S&P Global, including income statements, balance sheets, and cash flow statements..

Breakdown	December 31, 2024	December 31, 2023	December 31, 2022	December 31, 2021	December 31, 2020
Revenue	$14.21B	$12.50B	$11.18B	$8.30B	$7.44B
Cost of Revenue	$4.39B	$4.14B	$3.77B	$2.19B	$2.09B
Gross Profit	$9.82B	$8.36B	$7.42B	$6.10B	$5.35B
Gross Profit Ratio	69.09%	66.86%	66.32%	73.54%	71.89%
Research and Development Expenses	$-	$-	$-	$13.00M	$-
General and Administrative Expenses	$-	$-	$-	$-	$-
Selling and Marketing Expenses	$-	$-	$-	$-	$-
Selling General and Administrative Expenses	$3.32B	$2.64B	$3.38B	$1.71B	$1.54B
Other Expenses	$1.07B	$1.70B	$4.78B	$2.37B	$2.30B
Operating Expenses	$4.39B	$4.34B	$8.16B	$4.09B	$3.84B
Cost and Expenses	$8.63B	$8.48B	$8.16B	$4.09B	$3.84B
Interest Income	$-	$-	$304.00M	$119.00M	$141.00M
Interest Expense	$297.00M	$334.00M	$304.00M	$119.00M	$141.00M
Depreciation and Amortization	$-	$1.14B	$1.01B	$178.00M	$206.00M
EBITDA	$5.58B	$5.14B	$4.95B	$4.71B	$4.08B
EBITDA Ratio	39.27%	41.14%	36.93%	53.63%	51.57%
Operating Income	$5.58B	$4.02B	$3.12B	$4.22B	$3.62B
Operating Income Ratio	39.27%	32.17%	27.87%	50.87%	48.60%
Total Other Income Expenses Net	$-272.00M	$-349.00M	$-242.00M	$-57.00M	$-389.00M
Income Before Tax	$5.31B	$3.67B	$4.70B	$4.16B	$3.23B
Income Before Tax Ratio	37.36%	29.38%	42.05%	50.19%	43.38%
Income Tax Expense	$1.14B	$778.00M	$1.18B	$901.00M	$694.00M
Net Income	$3.85B	$2.63B	$3.25B	$3.02B	$2.34B
Net Income Ratio	27.11%	21.01%	29.05%	36.45%	31.43%
EPS	$12.36	$8.25	$10.25	$12.56	$9.71
EPS Diluted	$12.35	$8.23	$10.20	$12.51	$9.66
Weighted Average Shares Outstanding	311.60M	318.40M	316.90M	240.80M	241.00M
Weighted Average Shares Outstanding Diluted	311.90M	318.90M	318.50M	241.80M	242.10M
SEC Filing	Source	Source	Source	Source	Source

Income Statement Charts

Breakdown	December 31, 2024	September 30, 2024	June 30, 2024	March 31, 2024	December 31, 2023	September 30, 2023	June 30, 2023	March 31, 2023	December 31, 2022	September 30, 2022	June 30, 2022	March 31, 2022	December 31, 2021	September 30, 2021	June 30, 2021	March 31, 2021	December 31, 2020	September 30, 2020	June 30, 2020	March 31, 2020
Revenue	$3.59B	$3.58B	$3.55B	$3.49B	$3.15B	$3.08B	$3.10B	$3.16B	$2.94B	$2.86B	$2.99B	$2.39B	$2.09B	$2.09B	$2.11B	$2.02B	$1.87B	$1.85B	$1.94B	$1.79B
Cost of Revenue	$1.11B	$1.07B	$1.38B	$1.12B	$1.03B	$2.02B	$1.03B	$1.09B	$1.01B	$994.00M	$1.01B	$749.00M	$592.00M	$543.00M	$533.00M	$527.00M	$559.00M	$519.00M	$493.00M	$521.00M
Gross Profit	$2.48B	$2.50B	$2.17B	$2.37B	$2.12B	$1.07B	$2.08B	$2.07B	$1.93B	$1.87B	$1.98B	$1.64B	$1.50B	$1.54B	$1.57B	$1.49B	$1.31B	$1.33B	$1.45B	$1.26B
Gross Profit Ratio	68.99%	70.01%	61.23%	67.92%	67.26%	34.57%	66.91%	65.57%	65.54%	65.26%	66.22%	68.65%	71.65%	73.98%	74.69%	73.86%	70.06%	71.89%	74.63%	70.83%
Research and Development Expenses	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$13.00M	$-	$-	$-	$8.00M	$5.00M	$-	$-
General and Administrative Expenses	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Selling and Marketing Expenses	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Selling General and Administrative Expenses	$919.00M	$808.00M	$641.00M	$705.00M	$942.00M	$741.00M	$771.00M	$705.00M	$941.00M	$720.00M	$764.00M	$958.00M	$557.00M	$423.00M	$374.00M	$360.00M	$599.00M	$339.00M	$295.00M	$311.00M
Other Expenses	$250.00M	$261.00M	$6.00M	$6.00M	$2.75B	$5.00M	$11.00M	$1.38B	$1.29B	$1.29B	$1.31B	$886.00M	$11.00M	$11.00M	$11.00M	$11.00M	$16.00M	$6.00M	$5.00M	$9.00M
Operating Expenses	$1.17B	$1.10B	$641.00M	$992.00M	$1.23B	$995.00M	$2.08B	$2.08B	$2.23B	$2.01B	$2.08B	$1.84B	$1.19B	$464.00M	$419.00M	$410.00M	$1.21B	$910.00M	$346.00M	$360.00M
Cost and Expenses	$2.28B	$2.23B	$2.02B	$2.11B	$2.26B	$2.02B	$2.08B	$2.08B	$2.23B	$2.01B	$2.08B	$1.84B	$1.19B	$1.01B	$952.00M	$937.00M	$1.21B	$910.00M	$839.00M	$881.00M
Interest Income	$-	$-	$-	$-	$-	$83.00M	$87.00M	$84.00M	$86.00M	$70.00M	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Interest Expense	$70.00M	$72.00M	$77.00M	$78.00M	$76.00M	$84.00M	$88.00M	$85.00M	$86.00M	$71.00M	$90.00M	$57.00M	$25.00M	$31.00M	$32.00M	$32.00M	$32.00M	$35.00M	$40.00M	$34.00M
Depreciation and Amortization	$300.00M	$293.00M	$291.00M	$287.00M	$290.00M	$282.00M	$285.00M	$287.00M	$275.00M	$298.00M	$303.00M	$137.00M	$41.00M	$41.00M	$45.00M	$50.00M	$52.00M	$54.00M	$51.00M	$49.00M
EBITDA	$1.62B	$1.73B	$1.75B	$1.75B	$1.38B	$1.46B	$1.21B	$1.45B	$1.08B	$1.19B	$1.78B	$770.00M	$1.07B	$1.15B	$1.26B	$1.19B	$724.00M	$1.01B	$1.17B	$977.00M
EBITDA Ratio	45.21%	48.28%	51.37%	48.07%	36.90%	44.13%	42.73%	43.35%	33.16%	41.56%	41.13%	30.72%	43.49%	54.29%	57.45%	56.55%	38.78%	51.03%	59.70%	53.92%
Operating Income	$1.31B	$1.43B	$1.53B	$1.39B	$890.00M	$1.07B	$911.00M	$1.14B	$717.00M	$853.00M	$927.00M	$597.00M	$904.00M	$1.08B	$1.15B	$1.08B	$656.00M	$944.00M	$1.10B	$912.00M
Operating Income Ratio	36.44%	40.11%	43.17%	39.67%	28.24%	34.82%	29.38%	36.20%	24.41%	29.81%	30.97%	24.99%	43.30%	51.89%	54.80%	53.62%	35.14%	51.14%	56.87%	51.06%
Total Other Income Expenses Net	$-55.00M	$-74.00M	$-74.00M	$-69.00M	$-96.00M	$-79.00M	$-77.00M	$-96.00M	$-95.00M	$-30.00M	$-91.00M	$-25.00M	$-14.00M	$-9.00M	$-10.00M	$-25.00M	$-17.00M	$-308.00M	$-30.00M	$-35.00M
Income Before Tax	$1.25B	$1.36B	$1.38B	$1.32B	$794.00M	$995.00M	$834.00M	$1.05B	$621.00M	$823.00M	$1.39B	$1.87B	$890.00M	$1.07B	$1.14B	$1.06B	$640.00M	$636.00M	$1.07B	$877.00M
Income Before Tax Ratio	34.91%	38.04%	38.83%	37.70%	25.19%	32.26%	26.89%	33.16%	21.14%	28.77%	46.48%	78.15%	42.62%	51.46%	54.32%	52.38%	34.28%	34.45%	55.33%	49.10%
Income Tax Expense	$287.00M	$313.00M	$293.00M	$248.00M	$150.00M	$181.00M	$259.00M	$188.00M	$127.00M	$145.00M	$340.00M	$568.00M	$153.00M	$213.00M	$287.00M	$248.00M	$135.00M	$138.00M	$233.00M	$188.00M
Net Income	$880.00M	$971.00M	$1.01B	$991.00M	$579.00M	$742.00M	$511.00M	$795.00M	$433.00M	$608.00M	$972.00M	$1.24B	$675.00M	$797.00M	$798.00M	$755.00M	$454.00M	$455.00M	$792.00M	$639.00M
Net Income Ratio	24.50%	27.16%	28.49%	28.39%	18.37%	24.06%	16.48%	25.16%	14.74%	21.25%	32.48%	51.70%	32.33%	38.19%	37.89%	37.45%	24.32%	24.65%	40.76%	35.78%
EPS	$2.83	$3.12	$3.23	$3.16	$1.84	$2.34	$1.60	$2.47	$1.34	$1.84	$2.88	$4.49	$2.80	$3.31	$3.31	$3.14	$1.89	$1.89	$3.29	$2.64
EPS Diluted	$2.82	$3.12	$3.23	$3.16	$1.83	$2.33	$1.60	$2.47	$1.33	$1.84	$2.86	$4.47	$2.79	$3.30	$3.30	$3.12	$1.88	$1.88	$3.28	$2.62
Weighted Average Shares Outstanding	311.40M	311.20M	313.00M	313.60M	315.40M	317.50M	319.30M	321.30M	323.90M	329.60M	338.00M	275.20M	241.00M	240.90M	240.80M	240.60M	240.50M	240.60M	240.90M	242.10M
Weighted Average Shares Outstanding Diluted	311.70M	311.50M	313.20M	314.00M	315.90M	318.00M	319.80M	322.10M	325.20M	330.90M	339.30M	276.30M	242.10M	241.70M	241.80M	241.60M	241.70M	241.60M	241.90M	243.30M
SEC Filing	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source

Annual Balance Sheet

Annual
Quarterly

Breakdown	December 31, 2024	December 31, 2023	December 31, 2022	December 31, 2021	December 31, 2020
Cash and Cash Equivalents	$1.67B	$1.29B	$1.29B	$6.50B	$4.12B
Short Term Investments	$20.00M	$26.00M	$14.00M	$11.00M	$9.00M
Cash and Short Term Investments	$1.69B	$1.32B	$1.29B	$6.50B	$4.12B
Net Receivables	$2.87B	$2.83B	$2.49B	$1.65B	$1.59B
Inventory	$-	$-	$-1.20B	$-1.65B	$-1.59B
Other Current Assets	$906.00M	$1.00B	$1.87B	$652.00M	$278.00M
Total Current Assets	$5.46B	$5.14B	$5.67B	$8.81B	$5.99B
Property Plant Equipment Net	$1.50B	$637.00M	$720.00M	$667.00M	$778.00M
Goodwill	$34.92B	$34.85B	$34.55B	$3.51B	$3.73B
Intangible Assets	$16.56B	$17.40B	$18.31B	$1.28B	$1.35B
Goodwill and Intangible Assets	$51.47B	$52.25B	$52.85B	$4.79B	$5.09B
Long Term Investments	$1.77B	$1.79B	$1.75B	$165.00M	$-
Tax Assets	$-	$-	$-	$-165.00M	$-
Other Non-Current Assets	$14.00M	$774.00M	$794.00M	$758.00M	$684.00M
Total Non-Current Assets	$54.76B	$55.45B	$56.12B	$6.22B	$6.55B
Other Assets	$-	$-	$-	$-	$-
Total Assets	$60.22B	$60.59B	$61.78B	$15.03B	$12.54B
Account Payables	$553.00M	$557.00M	$450.00M	$205.00M	$233.00M
Short Term Debt	$4.00M	$273.00M	$344.00M	$186.00M	$184.00M
Tax Payables	$199.00M	$121.00M	$116.00M	$90.00M	$84.00M
Deferred Revenue	$3.69B	$3.46B	$3.13B	$2.22B	$2.17B
Other Current Liabilities	$1.94B	$1.94B	$1.96B	$1.21B	$1.00B
Total Current Liabilities	$6.39B	$6.12B	$6.00B	$3.81B	$3.59B
Long Term Debt	$11.93B	$11.95B	$11.31B	$4.61B	$4.65B
Deferred Revenue Non-Current	$-	$-	$-	$-147.00M	$-
Deferred Tax Liabilities Non-Current	$3.40B	$3.69B	$4.07B	$147.00M	$-
Other Non-Current Liabilities	$995.00M	$721.00M	$669.00M	$1.07B	$944.00M
Total Non-Current Liabilities	$16.32B	$16.36B	$16.04B	$5.67B	$5.60B
Other Liabilities	$-	$-	$-	$-	$-
Total Liabilities	$22.71B	$22.49B	$22.04B	$9.49B	$9.19B
Preferred Stock	$-	$-	$-	$-	$-
Common Stock	$415.00M	$415.00M	$415.00M	$294.00M	$294.00M
Retained Earnings	$-	$18.73B	$17.78B	$15.02B	$13.37B
Accumulated Other Comprehensive Income Loss	$-883.00M	$-763.00M	$-886.00M	$-841.00M	$-637.00M
Other Total Stockholders Equity	$33.63B	$15.82B	$19.07B	$-12.44B	$-12.52B
Total Stockholders Equity	$33.16B	$34.20B	$36.48B	$2.11B	$571.00M
Total Equity	$37.41B	$38.10B	$39.74B	$5.54B	$3.35B
Total Liabilities and Stockholders Equity	$60.22B	$60.59B	$61.78B	$15.03B	$12.54B
Minority Interest	$4.25B	$3.90B	$3.27B	$3.43B	$2.78B
Total Liabilities and Total Equity	$60.22B	$60.59B	$61.78B	$15.03B	$12.54B
Total Investments	$1.79B	$1.81B	$1.77B	$11.00M	$9.00M
Total Debt	$11.93B	$12.00B	$11.53B	$4.61B	$4.65B
Net Debt	$10.27B	$10.71B	$10.25B	$-1.90B	$532.00M

Balance Sheet Charts

Breakdown	December 31, 2024	September 30, 2024	June 30, 2024	March 31, 2024	December 31, 2023	September 30, 2023	June 30, 2023	March 31, 2023	December 31, 2022	September 30, 2022	June 30, 2022	March 31, 2022	December 31, 2021	September 30, 2021	June 30, 2021	March 31, 2021	December 31, 2020	September 30, 2020	June 30, 2020	March 31, 2020
Cash and Cash Equivalents	$1.67B	$1.70B	$2.04B	$1.54B	$1.29B	$1.65B	$1.56B	$1.41B	$1.29B	$1.39B	$3.57B	$4.41B	$6.50B	$5.90B	$5.21B	$4.50B	$4.12B	$3.17B	$2.67B	$1.93B
Short Term Investments	$20.00M	$-	$-	$-	$26.00M	$-	$-	$-	$14.00M	$-	$-	$-	$11.00M	$-	$-	$2.00M	$9.00M	$-	$-	$-
Cash and Short Term Investments	$1.69B	$1.70B	$2.04B	$1.54B	$1.32B	$1.65B	$1.56B	$1.41B	$1.29B	$1.39B	$3.57B	$4.41B	$6.50B	$5.90B	$5.21B	$4.50B	$4.12B	$3.17B	$2.67B	$1.93B
Net Receivables	$2.87B	$2.63B	$2.71B	$2.98B	$2.83B	$2.55B	$2.54B	$2.48B	$2.49B	$2.21B	$2.12B	$2.42B	$1.65B	$1.45B	$1.42B	$1.51B	$1.59B	$1.43B	$1.56B	$1.50B
Inventory	$-	$-	$-2.71B	$61.00M	$1.00M	$-2.55B	$-2.54B	$-1.17B	$-1.20B	$-2.21B	$-2.12B	$-2.42B	$-1.65B	$8.00M	$8.00M	$18.00M	$-1.59B	$-1.43B	$17.00M	$20.00M
Other Current Assets	$906.00M	$871.00M	$895.00M	$906.00M	$1.00B	$612.00M	$614.00M	$1.94B	$1.87B	$578.00M	$539.00M	$957.00M	$652.00M	$294.00M	$298.00M	$297.00M	$278.00M	$266.00M	$235.00M	$259.00M
Total Current Assets	$5.46B	$5.20B	$5.64B	$5.43B	$5.14B	$4.80B	$4.72B	$5.82B	$5.67B	$4.18B	$6.24B	$7.79B	$8.81B	$7.64B	$6.93B	$6.31B	$5.99B	$4.84B	$4.46B	$3.69B
Property Plant Equipment Net	$678.00M	$642.00M	$620.00M	$618.00M	$637.00M	$646.00M	$659.00M	$703.00M	$720.00M	$760.00M	$889.00M	$973.00M	$667.00M	$718.00M	$714.00M	$760.00M	$778.00M	$908.00M	$925.00M	$961.00M
Goodwill	$34.92B	$34.99B	$34.98B	$34.75B	$34.85B	$34.78B	$34.83B	$34.82B	$34.55B	$34.50B	$34.44B	$33.64B	$3.51B	$3.71B	$3.72B	$3.71B	$3.73B	$3.71B	$3.70B	$3.70B
Intangible Assets	$16.56B	$16.85B	$17.10B	$17.12B	$17.40B	$17.64B	$17.91B	$18.17B	$18.31B	$19.52B	$20.06B	$21.18B	$1.28B	$1.29B	$1.31B	$1.33B	$1.35B	$1.38B	$1.41B	$1.44B
Goodwill and Intangible Assets	$51.47B	$51.84B	$52.07B	$51.87B	$52.25B	$52.42B	$52.74B	$52.98B	$52.85B	$54.02B	$54.50B	$54.82B	$4.79B	$5.00B	$5.03B	$5.04B	$5.09B	$5.09B	$5.11B	$5.14B
Long Term Investments	$1.77B	$1.80B	$1.93B	$1.77B	$1.79B	$1.79B	$1.79B	$1.75B	$1.75B	$1.89B	$1.86B	$1.62B	$165.00M	$-	$-	$-	$-	$-	$-	$-
Tax Assets	$-	$-	$-	$-	$238.00M	$-	$-	$-	$-	$-	$-	$-	$-165.00M	$-	$-	$-	$-	$-	$-	$-
Other Non-Current Assets	$837.00M	$885.00M	$692.00M	$788.00M	$536.00M	$900.00M	$785.00M	$764.00M	$794.00M	$963.00M	$837.00M	$897.00M	$758.00M	$757.00M	$722.00M	$719.00M	$684.00M	$612.00M	$614.00M	$665.00M
Total Non-Current Assets	$54.76B	$55.17B	$55.31B	$55.05B	$55.45B	$55.76B	$55.98B	$56.20B	$56.12B	$57.63B	$58.09B	$58.30B	$6.22B	$6.47B	$6.47B	$6.52B	$6.55B	$6.61B	$6.65B	$6.77B
Other Assets	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Total Assets	$60.22B	$60.37B	$60.96B	$60.48B	$60.59B	$60.56B	$60.70B	$62.02B	$61.78B	$61.81B	$64.32B	$66.09B	$15.03B	$14.11B	$13.40B	$12.83B	$12.54B	$11.45B	$11.11B	$10.46B
Account Payables	$553.00M	$475.00M	$477.00M	$458.00M	$557.00M	$458.00M	$488.00M	$456.00M	$450.00M	$371.00M	$385.00M	$410.00M	$205.00M	$244.00M	$210.00M	$241.00M	$233.00M	$186.00M	$186.00M	$203.00M
Short Term Debt	$4.00M	$4.00M	$291.00M	$583.00M	$273.00M	$214.00M	$1.07B	$1.27B	$344.00M	$341.00M	$307.00M	$718.00M	$186.00M	$-	$-	$100.00M	$184.00M	$102.00M	$103.00M	$104.00M
Tax Payables	$199.00M	$188.00M	$180.00M	$179.00M	$121.00M	$59.00M	$127.00M	$219.00M	$116.00M	$171.00M	$166.00M	$518.00M	$90.00M	$157.00M	$168.00M	$238.00M	$84.00M	$79.00M	$274.00M	$160.00M
Deferred Revenue	$3.69B	$3.29B	$3.41B	$3.54B	$3.46B	$3.02B	$3.15B	$3.17B	$3.13B	$2.87B	$2.93B	$3.17B	$2.22B	$2.01B	$2.10B	$2.11B	$2.17B	$1.72B	$1.85B	$1.90B
Other Current Liabilities	$1.94B	$1.55B	$1.15B	$1.12B	$1.71B	$1.47B	$1.20B	$1.27B	$1.96B	$1.29B	$1.17B	$840.00M	$1.21B	$979.00M	$838.00M	$713.00M	$1.00B	$728.00M	$627.00M	$619.00M
Total Current Liabilities	$6.39B	$5.50B	$5.50B	$5.88B	$6.12B	$5.22B	$6.03B	$6.39B	$6.00B	$5.05B	$4.96B	$5.65B	$3.81B	$3.39B	$3.31B	$3.40B	$3.59B	$2.81B	$3.04B	$2.98B
Long Term Debt	$11.93B	$11.93B	$11.92B	$11.93B	$11.95B	$11.96B	$11.22B	$11.29B	$11.31B	$11.33B	$11.41B	$12.02B	$4.61B	$4.62B	$4.61B	$4.64B	$4.65B	$4.67B	$4.53B	$4.55B
Deferred Revenue Non-Current	$-	$-	$515.00M	$197.00M	$199.00M	$-	$185.00M	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Deferred Tax Liabilities Non-Current	$3.40B	$3.42B	$3.54B	$3.63B	$3.69B	$3.67B	$3.69B	$3.91B	$4.07B	$4.34B	$4.45B	$4.45B	$-	$-	$-	$-	$-	$-	$-	$-
Other Non-Current Liabilities	$995.00M	$1.13B	$1.02B	$792.00M	$721.00M	$690.00M	$680.00M	$659.00M	$669.00M	$704.00M	$708.00M	$761.00M	$1.07B	$1.00B	$1.04B	$885.00M	$944.00M	$955.00M	$866.00M	$854.00M
Total Non-Current Liabilities	$16.32B	$16.47B	$16.47B	$16.35B	$16.36B	$16.32B	$15.60B	$15.86B	$16.04B	$16.37B	$16.57B	$17.23B	$5.67B	$5.62B	$5.65B	$5.52B	$5.60B	$5.63B	$5.39B	$5.41B
Other Liabilities	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Total Liabilities	$22.71B	$21.98B	$21.97B	$22.23B	$22.49B	$21.54B	$21.63B	$22.25B	$22.04B	$21.41B	$21.52B	$22.88B	$9.49B	$9.01B	$8.96B	$8.92B	$9.19B	$8.44B	$8.43B	$8.39B
Preferred Stock	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Common Stock	$415.00M	$415.00M	$415.00M	$415.00M	$415.00M	$415.00M	$415.00M	$415.00M	$415.00M	$415.00M	$415.00M	$415.00M	$294.00M	$294.00M	$294.00M	$294.00M	$294.00M	$294.00M	$294.00M	$294.00M
Retained Earnings	$20.98B	$20.36B	$19.96B	$19.43B	$18.73B	$18.73B	$18.28B	$18.17B	$17.78B	$17.73B	$17.30B	$16.07B	$15.02B	$14.77B	$14.24B	$13.92B	$13.37B	$13.37B	$13.19B	$12.69B
Accumulated Other Comprehensive Income Loss	$-883.00M	$-714.00M	$-839.00M	$-825.00M	$-763.00M	$-846.00M	$-813.00M	$-861.00M	$-886.00M	$-1.04B	$-811.00M	$-782.00M	$-841.00M	$-750.00M	$-764.00M	$-648.00M	$-637.00M	$-677.00M	$-704.00M	$-660.00M
Other Total Stockholders Equity	$12.65B	$13.93B	$15.35B	$15.30B	$15.82B	$17.12B	$17.59B	$18.55B	$19.07B	$20.05B	$22.53B	$24.00B	$-12.44B	$-12.47B	$-12.50B	$-12.53B	$-12.52B	$-12.54B	$-12.57B	$-12.57B
Total Stockholders Equity	$33.16B	$33.99B	$34.88B	$34.33B	$34.20B	$35.51B	$35.56B	$36.37B	$36.48B	$37.24B	$39.51B	$39.78B	$2.11B	$1.84B	$1.26B	$1.03B	$571.00M	$498.00M	$210.00M	$-250.00M
Total Equity	$37.51B	$38.39B	$38.98B	$38.25B	$38.10B	$39.02B	$39.07B	$39.77B	$39.74B	$40.40B	$42.80B	$43.21B	$5.54B	$5.10B	$4.44B	$3.91B	$3.35B	$3.01B	$2.67B	$2.07B
Total Liabilities and Stockholders Equity	$60.22B	$60.37B	$60.96B	$60.48B	$60.59B	$60.56B	$60.70B	$62.02B	$61.78B	$61.81B	$64.32B	$66.09B	$15.03B	$14.11B	$13.40B	$12.83B	$12.54B	$11.45B	$11.11B	$10.46B
Minority Interest	$4.35B	$4.40B	$4.10B	$3.92B	$3.90B	$3.51B	$3.51B	$3.40B	$3.27B	$3.16B	$3.29B	$3.43B	$3.43B	$3.26B	$3.17B	$2.87B	$2.78B	$2.51B	$2.46B	$2.32B
Total Liabilities and Total Equity	$60.22B	$60.37B	$60.96B	$60.48B	$60.59B	$60.56B	$60.70B	$62.02B	$61.78B	$61.81B	$64.32B	$66.09B	$15.03B	$14.11B	$13.40B	$12.83B	$12.54B	$11.45B	$11.11B	$10.46B
Total Investments	$1.79B	$1.80B	$1.93B	$1.77B	$1.81B	$1.79B	$1.79B	$1.75B	$1.77B	$1.89B	$1.86B	$1.62B	$11.00M	$-	$-	$2.00M	$9.00M	$-	$-	$-
Total Debt	$11.93B	$11.93B	$12.03B	$12.23B	$12.00B	$12.01B	$12.05B	$12.23B	$11.53B	$11.38B	$11.42B	$12.08B	$4.61B	$4.62B	$4.61B	$4.64B	$4.65B	$4.67B	$4.53B	$4.55B
Net Debt	$10.27B	$10.23B	$9.99B	$10.69B	$10.71B	$10.36B	$10.49B	$10.82B	$10.25B	$9.99B	$7.85B	$7.68B	$-1.90B	$-1.28B	$-605.00M	$136.00M	$532.00M	$1.50B	$1.86B	$2.62B

Annual Cash Flow

Annual
Quarterly

Breakdown	December 31, 2024	December 31, 2023	December 31, 2022	December 31, 2021	December 31, 2020
Net Income	$4.17B	$2.89B	$3.52B	$3.26B	$2.53B
Depreciation and Amortization	$1.17B	$1.14B	$1.01B	$178.00M	$206.00M
Deferred Income Tax	$-323.00M	$-381.00M	$-353.00M	$13.00M	$-31.00M
Stock Based Compensation	$247.00M	$171.00M	$214.00M	$122.00M	$90.00M
Change in Working Capital	$-	$-460.00M	$-74.00M	$-70.00M	$247.00M
Accounts Receivables	$43.00M	$28.00M	$36.00M	$-144.00M	$18.00M
Inventory	$-	$-	$-	$106.00M	$-150.00M
Accounts Payables	$245.00M	$-	$43.00M	$38.00M	$132.00M
Other Working Capital	$-	$-488.00M	$-153.00M	$-70.00M	$247.00M
Other Non Cash Items	$425.00M	$344.00M	$-1.72B	$92.00M	$521.00M
Net Cash Provided by Operating Activities	$5.69B	$3.71B	$2.60B	$3.60B	$3.57B
Investments in Property Plant and Equipment	$-124.00M	$-143.00M	$-89.00M	$-35.00M	$-76.00M
Acquisitions Net	$-305.00M	$718.00M	$3.72B	$-83.00M	$-183.00M
Purchases of Investments	$-	$-	$-2.00M	$-2.00M	$-19.00M
Sales Maturities of Investments	$-	$-	$2.00M	$2.00M	$19.00M
Other Investing Activities	$174.00M	$-13.00M	$-2.00M	$-2.00M	$19.00M
Net Cash Used for Investing Activities	$-255.00M	$562.00M	$3.63B	$-120.00M	$-240.00M
Debt Repayment	$-47.00M	$556.00M	$1.67B	$-	$-118.00M
Common Stock Issued	$-	$-	$-	$-	$-
Common Stock Repurchased	$-3.30B	$-3.30B	$-12.00B	$-56.00M	$-1.16B
Dividends Paid	$-1.13B	$-1.15B	$-1.02B	$-743.00M	$-645.00M
Other Financing Activities	$-516.00M	$-388.00M	$37.00M	$-270.00M	$-239.00M
Net Cash Used Provided by Financing Activities	$-5.00B	$-4.28B	$-11.33B	$-1.01B	$-2.17B
Effect of Forex Changes on Cash	$-61.00M	$12.00M	$-123.00M	$-82.00M	$75.00M
Net Change in Cash	$375.00M	$4.00M	$-5.22B	$2.38B	$1.24B
Cash at End of Period	$1.67B	$1.29B	$1.29B	$6.50B	$4.12B
Cash at Beginning of Period	$1.29B	$1.29B	$6.50B	$4.12B	$2.89B
Operating Cash Flow	$5.69B	$3.71B	$2.60B	$3.60B	$3.57B
Capital Expenditure	$-124.00M	$-143.00M	$-89.00M	$-35.00M	$-76.00M
Free Cash Flow	$5.57B	$3.57B	$2.51B	$3.56B	$3.49B

Cash Flow Charts

Breakdown	December 31, 2024	September 30, 2024	June 30, 2024	March 31, 2024	December 31, 2023	September 30, 2023	June 30, 2023	March 31, 2023	December 31, 2022	September 30, 2022	June 30, 2022	March 31, 2022	December 31, 2021	September 30, 2021	June 30, 2021	March 31, 2021	December 31, 2020	September 30, 2020	June 30, 2020	March 31, 2020
Net Income	$967.00M	$1.05B	$1.01B	$1.07B	$644.00M	$814.00M	$575.00M	$860.00M	$494.00M	$678.00M	$1.05B	$1.30B	$736.00M	$861.00M	$858.00M	$808.00M	$505.00M	$498.00M	$842.00M	$689.00M
Depreciation and Amortization	$300.00M	$293.00M	$291.00M	$287.00M	$290.00M	$282.00M	$284.00M	$287.00M	$275.00M	$297.00M	$304.00M	$137.00M	$41.00M	$42.00M	$45.00M	$50.00M	$52.00M	$54.00M	$51.00M	$49.00M
Deferred Income Tax	$-52.00M	$-109.00M	$-95.00M	$-67.00M	$49.00M	$-46.00M	$-217.00M	$-167.00M	$-198.00M	$-64.00M	$-38.00M	$-53.00M	$12.00M	$48.00M	$-44.00M	$-3.00M	$-17.00M	$-17.00M	$9.00M	$-6.00M
Stock Based Compensation	$70.00M	$95.00M	$49.00M	$33.00M	$28.00M	$46.00M	$51.00M	$46.00M	$54.00M	$17.00M	$49.00M	$94.00M	$32.00M	$40.00M	$31.00M	$19.00M	$30.00M	$38.00M	$11.00M	$11.00M
Change in Working Capital	$265.00M	$253.00M	$186.00M	$-469.00M	$218.00M	$-197.00M	$-81.00M	$-400.00M	$592.00M	$-273.00M	$-448.00M	$55.00M	$70.00M	$-34.00M	$27.00M	$-133.00M	$381.00M	$-60.00M	$21.00M	$-95.00M
Accounts Receivables	$-267.00M	$82.00M	$291.00M	$-185.00M	$-227.00M	$-20.00M	$-67.00M	$23.00M	$-255.00M	$-96.00M	$200.00M	$187.00M	$-266.00M	$-31.00M	$88.00M	$65.00M	$-154.00M	$142.00M	$-46.00M	$76.00M
Inventory	$-	$-	$-	$-	$-448.00M	$-33.00M	$-250.00M	$-	$-	$97.00M	$-33.00M	$318.00M	$207.00M	$-	$-	$-31.00M	$-75.00M	$-11.00M	$-61.00M	$-3.00M
Accounts Payables	$376.00M	$197.00M	$274.00M	$-602.00M	$448.00M	$-27.00M	$250.00M	$-343.00M	$43.00M	$-97.00M	$33.00M	$-318.00M	$123.00M	$114.00M	$40.00M	$-239.00M	$229.00M	$95.00M	$59.00M	$-251.00M
Other Working Capital	$156.00M	$-26.00M	$-379.00M	$257.00M	$445.00M	$-117.00M	$-14.00M	$-80.00M	$804.00M	$-177.00M	$-648.00M	$-132.00M	$6.00M	$-3.00M	$-61.00M	$72.00M	$381.00M	$-286.00M	$69.00M	$83.00M
Other Non Cash Items	$190.00M	$-133.00M	$180.00M	$81.00M	$105.00M	$114.00M	$157.00M	$-32.00M	$-104.00M	$159.00M	$-464.00M	$-1.31B	$49.00M	$10.00M	$6.00M	$27.00M	$190.00M	$296.00M	$3.00M	$32.00M
Net Cash Provided by Operating Activities	$1.74B	$1.45B	$1.56B	$948.00M	$1.33B	$1.01B	$769.00M	$594.00M	$1.11B	$814.00M	$454.00M	$222.00M	$940.00M	$967.00M	$923.00M	$768.00M	$1.14B	$809.00M	$937.00M	$680.00M
Investments in Property Plant and Equipment	$-33.00M	$-35.00M	$-32.00M	$-24.00M	$-48.00M	$-36.00M	$-31.00M	$-28.00M	$-28.00M	$-21.00M	$-24.00M	$-16.00M	$-2.00M	$-8.00M	$-7.00M	$-18.00M	$-33.00M	$-25.00M	$-7.00M	$-11.00M
Acquisitions Net	$33.00M	$95.00M	$-264.00M	$-1.00M	$7.00M	$-5.00M	$938.00M	$-222.00M	$-33.00M	$-29.00M	$868.00M	$2.91B	$-75.00M	$-9.00M	$-1.00M	$-7.00M	$-3.00M	$5.00M	$-2.00M	$-183.00M
Purchases of Investments	$-	$-	$-	$-	$-4.00M	$-8.00M	$2.00M	$-3.00M	$-	$-2.00M	$-	$-	$-1.00M	$-1.00M	$-	$-	$-	$-	$-	$-
Sales Maturities of Investments	$-	$-2.00M	$-3.00M	$5.00M	$4.00M	$8.00M	$-2.00M	$3.00M	$-	$-4.00M	$-	$4.00M	$-	$-	$-1.00M	$1.00M	$-	$-	$-	$-
Other Investing Activities	$7.00M	$-1.00M	$-7.00M	$5.00M	$-4.00M	$-8.00M	$2.00M	$-3.00M	$-1.00M	$-2.00M	$888.00M	$4.00M	$-1.00M	$-1.00M	$-1.00M	$1.00M	$9.00M	$2.00M	$4.00M	$11.00M
Net Cash Used for Investing Activities	$7.00M	$57.00M	$-299.00M	$-20.00M	$-45.00M	$-49.00M	$909.00M	$-253.00M	$-61.00M	$-56.00M	$844.00M	$2.90B	$-78.00M	$-9.00M	$-9.00M	$-24.00M	$-36.00M	$-18.00M	$-3.00M	$-183.00M
Debt Repayment	$-	$-	$-297.00M	$250.00M	$-	$4.00M	$-158.00M	$710.00M	$173.00M	$-	$-610.00M	$2.10B	$-	$-	$-	$-	$-	$-	$-	$-
Common Stock Issued	$-	$-4.00M	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$3.00M	$3.00M	$4.00M	$3.00M	$-	$-	$-	$-
Common Stock Repurchased	$-1.30B	$-1.50B	$-4.00M	$-500.00M	$-1.30B	$-500.00M	$-1.00B	$-500.00M	$-1.00B	$-2.50B	$-1.50B	$-7.00B	$-2.00M	$-10.00M	$-3.00M	$-41.00M	$-	$-11.00M	$-10.00M	$-1.15B
Dividends Paid	$-280.00M	$-282.00M	$-286.00M	$-286.00M	$-283.00M	$-286.00M	$-288.00M	$-290.00M	$-275.00M	$-277.00M	$-286.00M	$-186.00M	$-186.00M	$-186.00M	$-185.00M	$-186.00M	$-161.00M	$-161.00M	$-162.00M	$-161.00M
Other Financing Activities	$-138.00M	$-92.00M	$-165.00M	$-121.00M	$-95.00M	$-73.00M	$-70.00M	$-150.00M	$-95.00M	$-83.00M	$333.00M	$-118.00M	$-55.00M	$-60.00M	$-48.00M	$-107.00M	$-57.00M	$-167.00M	$-47.00M	$-87.00M
Net Cash Used Provided by Financing Activities	$-1.72B	$-1.88B	$-748.00M	$-657.00M	$-1.68B	$-855.00M	$-1.52B	$-230.00M	$-1.20B	$-2.86B	$-2.06B	$-5.21B	$-241.00M	$-246.00M	$-233.00M	$-293.00M	$-216.00M	$-340.00M	$-209.00M	$-1.40B
Effect of Forex Changes on Cash	$-60.00M	$31.00M	$-14.00M	$-18.00M	$34.00M	$-25.00M	$-4.00M	$7.00M	$44.00M	$-82.00M	$-69.00M	$-16.00M	$-23.00M	$-26.00M	$22.00M	$-55.00M	$65.00M	$33.00M	$7.00M	$-30.00M
Net Change in Cash	$-31.00M	$-342.00M	$495.00M	$253.00M	$-355.00M	$84.00M	$157.00M	$118.00M	$-102.00M	$-2.18B	$-834.00M	$-2.10B	$598.00M	$686.00M	$703.00M	$396.00M	$954.00M	$484.00M	$732.00M	$-934.00M
Cash at End of Period	$1.67B	$1.70B	$2.04B	$1.54B	$1.29B	$1.65B	$1.56B	$1.41B	$1.29B	$1.39B	$3.57B	$4.41B	$6.50B	$5.91B	$5.22B	$4.52B	$4.12B	$3.17B	$2.68B	$1.95B
Cash at Beginning of Period	$1.70B	$2.04B	$1.54B	$1.29B	$1.65B	$1.56B	$1.41B	$1.29B	$1.39B	$3.57B	$4.41B	$6.50B	$5.91B	$5.22B	$4.52B	$4.12B	$3.17B	$2.68B	$1.95B	$2.89B
Operating Cash Flow	$1.74B	$1.45B	$1.56B	$948.00M	$1.33B	$1.01B	$769.00M	$594.00M	$1.11B	$814.00M	$454.00M	$222.00M	$940.00M	$967.00M	$923.00M	$768.00M	$1.14B	$809.00M	$937.00M	$680.00M
Capital Expenditure	$-33.00M	$-35.00M	$-32.00M	$-24.00M	$-48.00M	$-36.00M	$-31.00M	$-28.00M	$-28.00M	$-21.00M	$-24.00M	$-16.00M	$-2.00M	$-8.00M	$-7.00M	$-18.00M	$-33.00M	$-25.00M	$-7.00M	$-11.00M
Free Cash Flow	$1.71B	$1.41B	$1.52B	$924.00M	$1.29B	$977.00M	$738.00M	$566.00M	$1.08B	$793.00M	$430.00M	$206.00M	$938.00M	$959.00M	$916.00M	$750.00M	$1.11B	$784.00M	$930.00M	$669.00M

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S&P Global Stock Forecast

Analyst ratings, price targets, and earnings estimates for SPGI.

SPGI Analyst Ratings

Strong Buy

Buy

Hold

Sell

Based on 16 analysts in the past 3 months

SPGI Stock 12 Month Forecast

$540.13

▲ (0.08% Upside)

Highest Price Target

$ (0.0%)

Average Price Target

$540.13 (0.1%)

Lowest Price Target

$ (0.0%)

Based on 16 analysts in the last year

Recent Price Targets

Recommendation Trends

Analyst Estimates

Revenue Estimates

High $15.45B

Average $15.08B

Low $14.64B

17 analysts

Net Income Estimates

High $5.68B

Average $5.40B

Low $5.11B

17 analysts

EPS Estimates

High $18.21

Average $17.17

Low $16.38

14 analysts

Revenue Estimates

High $16.46B

Average $16.17B

Low $15.61B

21 analysts

Net Income Estimates

High $6.17B

Average $5.91B

Low $5.66B

21 analysts

EPS Estimates

High $19.79

Average $19.22

Low $18.14

16 analysts

Revenue Estimates

High $17.43B

Average $17.41B

Low $17.40B

8 analysts

Net Income Estimates

High $7.09B

Average $6.74B

Low $6.39B

8 analysts

EPS Estimates

High $22.73

Average $21.59

Low $20.50

3 analysts

Revenue Estimates

High $17.89B

Average $17.59B

Low $17.06B

5 analysts

Net Income Estimates

High $7.11B

Average $6.96B

Low $6.69B

5 analysts

EPS Estimates

High $22.79

Average $22.30

Low $21.44

1 analysts

Revenue Estimates

High $18.98B

Average $18.66B

Low $18.11B

6 analysts

Net Income Estimates

High $7.89B

Average $7.72B

Low $7.42B

6 analysts

EPS Estimates

High $25.30

Average $24.75

Low $23.79

1 analysts

Latest Price Target Updates

Date	Analyst	Firm	Price Target	Price When Posted	Upside
Oct 28, 2024	Shlomo Rosenbaum	Stifel Nicolaus	$560.00	$487.34	14.9%
Oct 15, 2024	Jeffrey Silber	BMO Capital	$589.00	$527.52	11.7%
Oct 09, 2024	Toni Kaplan	Morgan Stanley	$570.00	$518.35	10.0%
Oct 01, 2024	David Motemaden	Evercore ISI	$599.00	$512.22	16.9%
Sep 05, 2024	Toni Kaplan	Morgan Stanley	$564.00	$513.31	9.9%
Sep 04, 2024	Jeffrey Silber	BMO Capital	$537.00	$510.60	5.2%
Aug 12, 2024	Jason Haas	Wells Fargo	$575.00	$484.47	18.7%
Jul 31, 2024	Andrew Steinerman	J.P. Morgan	$565.00	$484.73	16.6%
Jul 31, 2024	Ashish Sabadra	RBC Capital	$552.00	$484.73	13.9%
Jul 31, 2024	Manav Patnaik	Barclays	$550.00	$488.51	12.6%

S&P Global Dividends

Explore S&P Global's dividend history, including dividend yield, payout ratio, and historical payments.

Dividend Yield

0.73%

Dividend Payout Ratio

29.44%

Dividend Paid & Capex Coverage Ratio

4.52x

S&P Global Dividend History

Dividend	Adjusted Dividend	Date	Record Date	Payment Date	Declaration Date
$0.96	$0.96	February 26, 2025	February 26, 2025	March 12, 2025	January 28, 2025
$0.91	$0.91	November 26, 2024	November 26, 2024	December 11, 2024	September 24, 2024
$0.91	$0.91	August 27, 2024	August 27, 2024	September 11, 2024	June 25, 2024
$0.91	$0.91	May 29, 2024	May 29, 2024	June 12, 2024	April 30, 2024
$0.91	$0.91	February 26, 2024	February 27, 2024	March 12, 2024	January 23, 2024
$0.9	$0.9	November 27, 2023	November 28, 2023	December 12, 2023	September 27, 2023
$0.9	$0.9	August 25, 2023	August 28, 2023	September 12, 2023	June 27, 2023
$0.9	$0.9	May 25, 2023	May 26, 2023	June 12, 2023	May 03, 2023
$0.9	$0.9	February 23, 2023	February 24, 2023	March 10, 2023	January 25, 2023
$0.85	$0.85	November 25, 2022	November 28, 2022	December 12, 2022	September 28, 2022
$0.85	$0.85	August 25, 2022	August 26, 2022	September 12, 2022	June 22, 2022
$0.85	$0.85	May 26, 2022	May 27, 2022	June 10, 2022	February 28, 2022
$0.77	$0.77	February 09, 2022	February 10, 2022	March 10, 2022	January 26, 2022
$0.77	$0.77	November 24, 2021	November 26, 2021	December 10, 2021	September 29, 2021
$0.77	$0.77	August 25, 2021	August 26, 2021	September 10, 2021	June 22, 2021
$0.77	$0.77	May 25, 2021	May 26, 2021	June 10, 2021	May 05, 2021
$0.77	$0.77	February 23, 2021	February 24, 2021	March 10, 2021	January 27, 2021
$0.67	$0.67	November 24, 2020	November 25, 2020	December 10, 2020	September 30, 2020
$0.67	$0.67	August 25, 2020	August 26, 2020	September 10, 2020	June 23, 2020
$0.67	$0.67	May 26, 2020	May 27, 2020	June 10, 2020	May 13, 2020

See full dividend history

Peers: Financial - Data & Stock Exchanges

This section provides companies within the same sector, on the same exchange, and of similar market capitalization, allowing comparisons of key financial indicators among peers.

Company	Market Cap	Price	EPS	P/E Ratio	P/B Ratio
MSCI Inc. MSCI	$44.47B	$572.63	$14.09	$42.58	$-50.24
Nasdaq, Inc. NDAQ	$46.50B	$80.91	$1.94	$39.81	$0.00
Intercontinental Exchange, Inc. ICE	$95.79B	$166.71	$4.81	$31.00	$3.08
CME Group Inc. CME	$88.46B	$245.48	$9.69	$23.97	$0.00
Moody's Corporation MCO	$94.74B	$522.84	$11.32	$41.82	$0.00
FactSet Research Systems Inc. FDS	$17.35B	$456.09	$14.11	$29.96	$8.41