S&P Global Inc

Strong Financial Performance: S&P Global Inc. reported an 8% year-over-year revenue increase for Q1 2025, along with a 9% growth in adjusted diluted EPS and a 240 basis points margin expansion on a trailing twelve-month basis. Recurring revenue accounted for approximately 75% of total revenue, indicating resilience against market fluctuations.

Market Outlook and Issuance Expectations: The company revised its bond issuance forecast from low single-digit growth to approximately flat year-over-year, predicting a double-digit decline in the second quarter of 2025 due to market volatility and recession risks. This shift affects M&A volumes, expected to be flat compared to previous assumptions of modest improvement.

Portfolio Optimization Moves: S&P Global Inc. is undergoing significant portfolio optimization, including a planned spin-off of its mobility division into a standalone public company, expected to be tax-free and finalized within 12-18 months. This decision aims to enhance strategic focus and maximize shareholder value.