S&P Global’s shares were nearly flat after earnings, down 0.4%, as the quarter showed mixed trends: growth accelerated in several divisions, while Ratings revenue growth decelerated modestly. The company also announced a strategic review of Capital IQ and associated data businesses.
- Benchmark revenue increased 7%, and total recurring revenue across the enterprise rose 8%.
- Revenue growth accelerated in Indices, Energy, and Market Intelligence; each division also expanded margins.
- Ratings revenue growth decelerated modestly, despite total bill issuance increasing 8% year over year.
- The company expanded its adjusted margin by 60 basis points and had repurchased $4 billion of shares year to date; it expects to complete more than $7 billion in repurchases by year-end.
- S&P Global announced a strategic review of Capital IQ and its associated data businesses.
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