S&P Global stock holds steady as earnings metrics remain the focus

S&P Global (US78378X1072) remains a market benchmark name, and its latest published numbers still define the story for investors: revenue was $14.2 billion in 2025, adjusted diluted EPS was $15.88, and adjusted operating margin reached 48.5% in 2025. Those figures frame the company’s current valuation backdrop even without a fresh event in the search results.

Revenue and margin stay high

In 2025, S&P Global reported $14.2 billion in revenue, up from $13.3 billion in 2024, while adjusted operating margin improved to 48.5% from 47.2% a year earlier. Adjusted diluted EPS rose to $15.88 in 2025 from $13.65 in 2024, a year-over-year increase of 16.4% that shows how strongly the company converts top-line growth into earnings.

Those three metrics matter because S&P Global is not just a data provider. It is a fee-driven financial infrastructure business, and the margin profile remains the clearest signal of that model’s resilience.

EPS up 16.4%

The 16.4% rise in adjusted diluted EPS from 2024 to 2025 is the cleanest quantified comparison in the latest figures. It pairs with the revenue increase of about 6.8% and the 1.3 percentage point margin gain, giving a fuller picture than revenue alone.

For the stock, that combination is more important than any single quarter headline. Higher EPS growth with a near-50% margin is the type of operating pattern that keeps earnings quality in view for long-only investors and index-focused holders alike.

Index and ratings business

S&P Global’s earnings engine still rests on recurring revenue from indices, ratings, and market intelligence. In 2025, the company said recurring revenue represented the majority of group sales, and the index and market-intelligence franchises remained central to that mix.

That structure matters because it reduces dependence on one-off transactions. It also helps explain why the company has historically traded as a premium franchise versus broader information-services peers.

Ratings and index power

The ratings franchise gives S&P Global leverage to credit-market activity, while the index unit provides a recurring fee stream tied to benchmark usage and assets tracking those benchmarks. Together, those businesses give the company a different earnings profile from pure software or pure exchange operators.

That mix is why the stock often reacts to margin and EPS trends more than to one-quarter revenue noise. A 48.5% adjusted operating margin in 2025 is a high bar to sustain, and it remains a key line in the company’s financial story.

Product focus: Market Intelligence

Market Intelligence is one of the company’s most visible product families, connecting data, analytics, and workflow tools for institutional clients. It sits alongside ratings and indices as part of the broader S&P Global platform, and it matters because it extends the company beyond a single cyclical revenue line.

In practical terms, the product mix supports the 2025 earnings profile: $14.2 billion in revenue, $15.88 in adjusted diluted EPS, and a 48.5% adjusted operating margin. Those are the numbers that describe the business today.

Stock view by the numbers

S&P Global stock is best read through its reported profitability rather than a short-term trading headline. The latest available figures show $14.2 billion in revenue for 2025, $15.88 in adjusted diluted EPS, and a 48.5% adjusted operating margin, all of which point to a business with durable earnings power.

Those metrics are also the most useful anchor for valuation work. When a company keeps margins near 50% and lifts EPS by 16.4% year over year, the market tends to focus on whether that pace can be repeated rather than on a single-day move.