S&P Global net worth is a hot topic for those tracking the financial sector.
In 2024, with a market cap of $165.11 billion, S&P Global continues to excel. Let’s explore how its financial strategies are driving profitability, growth, and success.
At Ando Money, we aim to bring you detailed, up-to-date insights into S&P Global’s financial performance and how it compares to its peers.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | S&P Global |
| Full Name | Standard & Poor’s Global Inc. |
| Website | www.spglobal.com |
| Industry | Financial Information & Analytics |
| Traded As | NYSE: SPGI |
| ISIN | US78409V1044 |
| Founded | 1860 |
| Founders | Henry Varnum Poor |
| Country/Territory | United States |
| Headquarters | 55 Water Street, New York, USA |
| Chief Executive Officer | Martina Cheung (effective Nov 2024) |
| Number of Employees | 40,450 (2023) |
| Market Cap | $165.11 billion (October 2024) |
| Total Assets | $60.956 billion (June 2024) |
| Total Equity | $34.97 billion (June 2024) |
| Revenue | $7.04 billion (June 2024) |
| Net Income | $2.002 billion (June 2024) |
What is the Net Worth/Market Cap of S&P Global in 2024?
As of October 2024, S&P Global holds a market cap of $165.11 billion. This impressive figure places the company among the largest in the financial analytics sector.
Its closest competitors and partners in the industry have similarly high valuations, making S&P Global a significant player globally.
Other companies worth watching include:
For more insights into companies with comparable market values, explore our list of the wealthiest firms.
S&P Global Financial Performance Overview
Revenue Growth and Key Contributors
S&P Global reported a strong revenue of $7.04 billion for the first six months of 2024. Key contributors to this growth include the Ratings and Indices divisions, both of which benefited from heightened market activity.
The Ratings division saw a 33% increase in revenue, driven by a higher demand for credit ratings in uncertain economic conditions.
Meanwhile, subscription-based services within Market Intelligence and Commodity Insights continued to provide stable and recurring income.
Notably, S&P Global’s acquisition of Visible Alpha in May 2024 strengthened its data offerings, adding a new layer of expertise to its portfolio.
This, combined with the divestiture of non-core assets like Fincentric, has allowed the company to focus on higher-margin businesses and maximize profitability.
Impact of Financial Strategies on Profitability
S&P Global’s strategic financial moves have had a direct impact on its profitability, with net income reaching $2.002 billion in the first half of 2024.
Share repurchases are a central part of their strategy, with an additional $1.5 billion set aside for accelerated repurchases.
This approach not only boosts shareholder value but also reduces the number of shares outstanding, which in turn increases earnings per share (EPS).
In Q2 2024, the company reported GAAP EPS of $3.23, a significant leap from the previous year.
Adjusted EPS, which excludes one-off costs, rose to $4.04, reflecting the efficiency of its cost management.
Major Divisions Driving Financial Success
S&P Global’s success is built on its diversified business model.
The five primary divisions—Market Intelligence, Ratings, Commodity Insights, Mobility, and Indices—each contribute significantly to its overall financial performance.
- Market Intelligence generated $1.155 billion in Q2 2024, up 7% year-on-year.
- The Ratings division saw the highest growth, contributing $1.135 billion, an increase of 33% compared to Q2 2023.
- Commodity Insights and Mobility both registered moderate growth, with 12% and 8% revenue increases, respectively.
- Finally, Indices contributed $389 million, highlighting the importance of financial indices and benchmarks in driving recurring revenues.
Effects of Strategic Acquisitions and Divestitures
In 2024, S&P Global’s financial health was bolstered by strategic acquisitions, such as the purchase of Visible Alpha, completed in May. This acquisition enhanced its data solutions, creating new revenue streams.
Additionally, the sale of Fincentric in Q3 will allow the company to streamline its focus on core businesses.
These moves are not only reflected in the company’s revenue figures but also in the projected adjusted free cash flow of $4.7 billion for the full year.
Financial Outlook and Projections for the Future
Looking ahead, S&P Global has raised its full-year revenue guidance to 8-10% growth, reflecting its confidence in ongoing market demand and new revenue opportunities.
Additionally, with the retirement of CEO Douglas Peterson and the appointment of Martina Cheung, the company anticipates continued strong leadership and vision for growth.
Profitability remains a key focus, with the company projecting diluted EPS of $11.15-$11.40 for 2024. This forecast highlights the continued emphasis on shareholder value and operational efficiency.
FAQs About S&P Global
What are the main business divisions contributing to revenue?
Its key divisions include Market Intelligence, Ratings, Commodity Insights, Mobility, and Indices. Each division plays a unique role in driving the company’s financial performance.
How does S&P Global ensure profitability?
The company focuses on share repurchases, cost management, and strategic divestitures to boost profitability. These efforts are reflected in its rising earnings per share and improved operating margins.
How has S&P Global expanded its business in 2024?
It expanded through acquisitions like Visible Alpha and divested non-core assets such as Fincentric, aligning with its strategy to focus on high-margin businesses.
What are the company’s financial projections for 2024?
For 2024, S&P Global expects revenue growth of 8-10% and diluted EPS in the range of $11.15-$11.40, reflecting ongoing market strength and operational efficiency.
Who is the CEO of S&P Global in 2024?
As of November 2024, Martina Cheung will assume the role of CEO, following the retirement of Douglas Peterson. She is expected to bring new vision to the company’s growth strategy.
Conclusion
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