**Bullish Points:**
1. S&P Global Inc. reported a revenue increase of 8% to $15.336 billion for the fiscal year ended December 31, 2025.
2. Operating profit increased by 16% to $6.478 billion in 2025.
3. Net income attributable to S&P Global Inc. increased by 16% to $4.471 billion in 2025.
4. Basic earnings per share increased to $14.67 from $12.36 in 2024.
5. Diluted earnings per share increased to $14.66 from $12.35 in 2024.
6. The company announced a quarterly common stock dividend of $0.97 per share.
7. S&P Global Inc. completed several acquisitions in 2025, including With Intelligence for $1.8 billion and the AIS data services business of ORBCOMM Inc.
8. The company completed the sale of OSTTRA to KKR, resulting in a pre-tax gain of $270 million.
9. Net cash provided by operating activities was $5.227 billion in 2025, up from $4.708 billion in 2024.
10. The company repurchased a total of 9.3 million shares in 2025, resulting in $5.0 billion of cash used to purchase shares.
**Bearish Points:**
1. Cash provided by operating activities in 2025 was slightly down to $5.651 billion from $5.689 billion in 2024.
2. Free cash flow for 2025 decreased by 3% to $5.135 billion from 2024.
3. Total debt increased to $13.088 million as of December 31, 2025, up from $11.398 million in 2024.
4. The company recorded a pre-tax restructuring charge of $157 million in 2025 related to workforce reductions.
5. Provision for taxes on income increased to $1,407 million in 2025 from $1,141 million in 2024.
6. Amortization expense for 2025 was $1,069 million, slightly down from $1,077 million in 2024.
7. Operating lease liabilities as of December 31, 2025, were $618 million, down from $644 million in 2024.
**Summary:**
S&P Global Inc. demonstrated strong financial performance in 2025, with significant increases in revenue, operating profit, net income, and earnings per share. The company also made strategic acquisitions and completed profitable divestitures, which contributed positively to its financial results. However, there were some areas of concern, including a slight decrease in cash provided by operating activities, a reduction in free cash flow, and an increase in total debt. Additionally, the company faced higher tax provisions and recorded restructuring charges related to workforce reductions. Overall, the financial report indicates a positive outlook for S&P Global Inc., with strong growth and strategic initiatives, but also highlights some financial challenges that need to be addressed.
For more information, you can read the original text of S&P Global(SPGI)'s financial report .
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