S&P Global reported robust Q2 2024 results with revenue increasing 14% to $3.55 billion and net income nearly doubling to $1.01 billion from $511 million year-over-year. Operating profit surged 59% to $1.45 billion, driven by strong performance across all segments. Ratings revenue jumped 33% to $1.14 billion on higher issuance volumes, while Market Intelligence revenue grew 7% to $1.16 billion.The company saw broad-based growth across divisions, with Commodity Insights revenue up 12% to $516 million and Indices revenue rising 12% to $389 million. Operating margin expanded significantly to 41% from 29% in Q2 2023, reflecting improved operational efficiency and revenue growth. Asset-linked fees at Indices increased 16% year-over-year driven by higher ETF assets under management, which reached $3.78 trillion.Looking ahead, S&P Global announced CEO Douglas Peterson will retire effective November 1, 2024, to be succeeded by Martina Cheung. The company maintained strong liquidity with $2.04 billion in cash and generated free cash flow of $2.32 billion in the first half. Management continues to focus on strategic growth initiatives while returning capital to shareholders through dividends and share repurchases.

S&P Global reported robust Q2 2024 results with revenue increasing 14% to $3.55 billion and net income nearly doubling to $1.01 billion from $511 million year-over-year. Operating profit surged 59% to $1.45 billion, driven by strong performance across all segments. Ratings revenue jumped 33% to $1.14 billion on higher issuance volumes, while Market Intelligence revenue grew 7% to $1.16 billion.The company saw broad-based growth across divisions, with Commodity Insights revenue up 12% to $516 million and Indices revenue rising 12% to $389 million. Operating margin expanded significantly to 41% from 29% in Q2 2023, reflecting improved operational efficiency and revenue growth. Asset-linked fees at Indices increased 16% year-over-year driven by higher ETF assets under management, which reached $3.78 trillion.Looking ahead, S&P Global announced CEO Douglas Peterson will retire effective November 1, 2024, to be succeeded by Martina Cheung. The company maintained strong liquidity with $2.04 billion in cash and generated free cash flow of $2.32 billion in the first half. Management continues to focus on strategic growth initiatives while returning capital to shareholders through dividends and share repurchases.