What impacted SPGI's net profit in 2023?

S&P Global's net profit in 2023 was not impacted by any specific event or factor, as the company's net income data for the year is not available. However, we can analyze the factors that might have influenced its profitability based on related information.

1. **Regulatory Challenges**: S&P Global faces regulatory proceedings and investigations, which can lead to adverse judgments, damages, fines, or activity restrictions. These legal challenges could negatively impact the company's financial condition and business operations, thereby affecting net profit.
2. **Economic Conditions**: The company's performance is closely tied to the health of global financial markets. Economic downturns, financial crises, or market volatility could adversely affect the demand for S&P Global's services, impacting revenue and profitability. For instance, the uncertainty following the conflict between Russia and Ukraine may have influenced investor sentiment and market conditions, potentially affecting S&P Global's net profit.
3. **Strategic Investments**: S&P Global has been making strategic investments and incurred increased expenses, which could impact net profit. For example, adjusted expenses rose by 8% due to increased spending on one-time outside services and continued investments, partially offset by decreases in compensation and other discretionary areas.
4. **Market Position and Diversification**: S&P Global's dominant market position as the largest credit rating agency provides a strength but also brings challenges. The company's financial performance is driven by its diverse portfolio of services, including market intelligence, indexes, and Platts, which provide benchmarks to commodity markets. The growth of these services, especially market intelligence, presents significant opportunities for expanding revenue streams and enhancing profitability.

In conclusion, while specific net income data for 2023 is not available, factors such as regulatory challenges, economic conditions, strategic investments, and market position are likely to have influenced S&P Global's net profit.