What drove SPGI's revenue growth in Q3 2024?

S&P Global Inc. (SPGI) experienced a robust revenue growth in Q3 2024, driven by several key factors: 1. **Organic Growth Across Business Segments**: S&P Global's revenue growth was fueled by strong performance across all its business segments, including Market Intelligence, Ratings, Commodity Insights, Mobility, and Indices. This diversified approach to revenue generation contributed significantly to the overall growth. 2. **Strategic Acquisitions**: The company's strategic acquisitions, such as the merger with IHS Markit and the acquisition of Market Scan Information Systems, Inc. and ChartIQ, have enhanced its data and analytics offerings, contributing to the revenue growth. These acquisitions have allowed S&P Global to innovate and expand its product offerings, which in turn has boosted revenue. 3. **Increased Deal and Bond-Market Activity**: A surge in deal and bond-market activity significantly contributed to the jump in credit-ratings revenue, which is a key component of S&P Global's business. This increase in activity likely led to higher demand for S&P Global's credit ratings and related services, driving revenue growth. 4. **Historic Jump in Interest Rates and Turmoil in the Banking Sector**: The historic increase in interest rates and turmoil in the banking sector created a surge in demand for S&P Global's credit ratings and related services. This disruption in the banking sector likely led to a need for more rigorous risk assessment and management, further boosting S&P Global's revenue. In summary, S&P Global's revenue growth in Q3 2024 was driven by organic growth across its business segments, strategic acquisitions, increased deal and bond-market activity, and the historic jump in interest rates and turmoil in the banking sector.