Martina Cheung on acquisition financing
From $SPGI S&P Global Q3 2025 Earnings Conference Call · · EARNMOAR
“We now expect to fund the acquisition of With Intelligence through a combination of $1 billion in incremental debt and cash on hand. With Intelligence brings an incredible amount of differentiated data on private markets, including extensive data in private equity, private credit, infrastructure, hedge funds, and family offices.”
On , Martina Cheung, President, CEO & Director at S&P Global Inc, spoke about acquisition financing during $SPGI S&P Global Q3 2025 Earnings Conference Call on EARNMOAR.
About Martina Cheung
Martina Cheung, president and CEO of S&P Global, has been leading the company through a period of strategic change, including the planned spin-off of its mobility division into an independent public company. At the company's 2025 Investor Day in New York, Cheung discussed the next phase of S&P Global's growth strategy, emphasizing organic revenue growth, margin expansion, and productivity initiatives. She noted that over 95% of the company's revenue comes from proprietary benchmarks, data, and tools. During the Q3 2025 earnings call, Cheung announced the planned acquisition of With Intelligence, funded through incremental debt and cash, and an additional $2.5 billion share repurchase program. Cheung has also spoken publicly about the importance of climate risk and ESG factors. In earlier appearances, she stated that energy transition will "impact all industries" and that every company has a role to play in reducing emissions. She highlighted S&P Global's partnership with Oliver Wyman to help clients integrate climate risk with credit risk, and noted that the company's research showed as many as two-thirds of S&P 500 companies have exposure to physical climate risk. In a 2025 commencement speech at George Mason University, Cheung encouraged graduates to adopt a long-term view, remain open to feedback, and continue learning throughout their careers.