Martina Cheung on corporate action

November 13, 2025 NEW YORK, Nov. 13, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) will present the next phase of its growth strategy at its 2025 Investor Day today in New York. S&P Global President and Chief Executive Officer Martina Cheung and executives will discuss how S&P Global is "advancing essential intelligence" to enable its customers to make more confident decisions and remain a step ahead with S&P Global's industry-leading solutions. "This is a very exciting time at S&P Global. Our customers and the markets in which they operate, are evolving in ways that increase their need for our leading benchmarks, differentiated data, and workflows," said Ms. Cheung. "We have a clear strategy that we expect will advance our current leadership positions and enable us to grow faster in high-growth adjacencies, while amplifying our enterprise capabilities and integration of AI. We are engaged deeply with our customers and enable them to answer their most pressing questions with confidence, wherever they choose to work." The Company expects to discuss its strategy, operations, and medium-term financial targets for its four core divisions: Market Intelligence, Ratings, Energy, and S&P Dow Jones Indices. In a release dated April 29, 2025, the Company announced its intent to separate S&P Global Mobility ("Mobility") from S&P Global into a standalone public company. Medium-term financial targets at Investor Day exclude any contribution from Mobility. The Company does not expect to provide financial guidance for 2026 until its fourth-quarter earnings in February 2026. S&P Global's multi-year enterprise and divisional strategies center on three key objectives: Advance Market Leadership: Reinforce our position as the leading provider of benchmarks, data, and solutions to global and diverse end-markets by delivering trusted and differentiated data and best-in-class products through multiple channels. Expand High-Growth Adjacencies: Accelerate growth in high-growth adjacencies, including private markets and energy expansion, alongside leading-edge AI and technology products and capabilities. Amplify Enterprise Capabilities and AI: Expedite value creation for our customers by deploying more capabilities at scale across the enterprise, including data, AI, and customer engagement, and empowering our people to drive the change. S&P Global Commodity Insights Division is now S&P Global Energy The division's new name reflects its strategic focus on providing benchmarks, data, and insights that enable its customers to plan, act, and thrive in a rapidly expanding and evolving global energy ecosystem. The S&P Global Energy name speaks to the power of our shared strength when our insights, data and technologies work together across all energy sources and supply chains. Enterprise Financial Targets During the event, S&P Global will introduce the following non-GAAP, medium-term financial targets. These targets assume issuance volumes (for Ratings) and market appreciation (for S&P Dow Jones Indices) are in line with historical annual averages. Average adjusted margin expansion excludes the contribution from OSTTRA in 2025. Targets are as follows and are on an average annual basis: 7% to 9%: Organic, constant currency revenue growth 50-75 bps: Adjusted operating margin expansion Double-digit adjusted diluted EPS growth Division Financial Targets The Company will also introduce non-GAAP, medium-term targets for organic, constant currency revenue growth, on an average annual basis in each of its divisions. Targets are as follows: Market Intelligence: 6% to 8% Ratings: 6% to 9% Energy: 6% to 8% S&P Dow Jones Indices: 10% to 12% New Accelerated Share Repurchase Transaction S&P Global today also announced that its Board of Directors has authorized a new share repurchase program of up to 30 million shares. The Company previously announced a $2.5 billion Accelerated Share Repurchase (ASR) expected to launch in the fourth quarter following Investor Day. The Company reiterates its capital return framework, targeting the return of approximately 85% of adjusted free cash flow to shareholders through dividends and share repurchases. "S&P Global has demonstrated a strong track record of delivering profitable growth while reinvesting in its business and returning significant capital to shareholders. We have full conviction that our focus on organic revenue growth and productivity will enable us to achieve our medium-term targets for profitable annual growth and deliver ongoing capital returns," said S&P Global Chief Financial Officer Eric Aboaf.