How did S&P Global's revenue and expenses trend in Q4 2024?
4/14/2025 12:10am
S&P Global's revenue and expenses in Q4 2024 are not currently available. However, we can analyze the trends leading up to Q4 2024 through the latest data available.
1. **Revenue Trend**: S&P Global's revenue has shown a positive trend, with a 16% year-over-year increase in total revenue for Q3 2024. This growth was driven by robust performance across all divisions, including a significant increase in transaction revenue within the Ratings segment.
2. **Expense Trend**: The company's adjusted operating profit margin increased by 180 basis points to 48.8% in Q3 2024, primarily due to revenue growth. This indicates a strong profitability trend despite the increase in revenue. However, the company did face challenges in the financial services sector and the Market Intelligence division experienced some headwinds, which could have impacted expense growth and margins.
3. **Free Cash Flow**: S&P Global generated $1.33 billion in free cash flow for the quarter, which could be a indicator of its ability to manage expenses effectively. The company also announced plans to return approximately 85% of adjusted free cash flow to shareholders through dividends and share repurchases, further suggesting a strong financial position.
In conclusion, S&P Global demonstrated a positive revenue trend with strong growth across its divisions, while managing expenses effectively to maintain profitability. The company's financial position and outlook are supported by its free cash flow and shareholder return commitments.