Catenaa, Tuesday, April 29, 2025- S&P Global revenue jumped by 8% year over year in Q1, with strong growth in all five divisions, and announced the intent to separate the mobility division into a public company.
The ratings agency said on Tuesday that its revenue increased by 8% to $3.77 billion in Q1 with revenue from subscription products jumping by 7%, adjusted earnings per share increased by 9% to $4.37.
“Our first-quarter results highlight the resilience of our business model, our commitment to disciplined execution, and the importance of our products and services to our customers around the world,” President and CEO Martina Cheung said.
The Company also announced its intent to separate its Mobility division into a standalone public company. The separation is expected to maximize shareholder value by simplifying S&P Global’s operations and allowing S&P Global to dedicate strategic and investment focus on its remaining four divisions.
The separation also aims to create an independent, agile, and focused Mobility business that is well positioned to execute a profitable growth strategy serving the Automotive space.
The separation is expected to be tax-free to shareholders, and to be completed within 12-18 months.
Earlier, as part of the company’s active portfolio optimization, S&P Global announced the planned divestiture of its OSTTRA Joint Venture for total consideration of $3.1 billion, to be divided equally pursuant to the 50/50 ownership with CME Group. The divestiture is expected to close in the second half of 2025.
Moreover, S&P Global said it expects to execute additional accelerated share repurchases totaling $650 million in the coming weeks.
For the full year 2025, the company expects to return approximately 85% of adjusted free cash flow to shareholders through dividends and share repurchases and the Board of Directors has authorized a quarterly cash dividend of $0.96.
