S&P Global Charts Ambitious Growth Path Under New Strategic Vision

During a recent financial conference, the leadership of S&P Global outlined a comprehensive strategic roadmap for the coming years. CEO Martina Cheung presented detailed growth targets for the company's core divisions and a plan for margin expansion to an audience of investors, signaling a clear focus on disciplined growth and operational efficiency.

Speaking at the Goldman Sachs Financial Services Conference, Cheung established specific mid-term financial objectives. The company anticipates its strongest expansion from the Index segment, targeting revenue growth between 10 and 12 percent. The Ratings business is projected to grow by 6 to 9 percent, while the Market Intelligence and Commodity Insights divisions are expected to achieve growth in the range of 6 to 8 percent.

A central pillar of the strategy is a planned improvement in profitability. S&P Global aims to expand its overall margin by 50 to 75 basis points over the medium term, with the Market Intelligence unit identified as holding the most significant potential. For the high-growth Index business, Cheung cited the ongoing expansion of global capital markets and the persistent investor shift from active to passive management strategies as key growth drivers.

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Portfolio Refinement and Strategic Transactions

This updated strategic direction follows a series of deliberate portfolio adjustments. In late November, S&P Global finalized the $1.8 billion acquisition of With Intelligence, a move designed to bolster its data offerings for private markets. This came shortly after the October sale of its stake in the OSTTRA joint venture to financial investor KKR for $3.1 billion. These transactions are part of a broader effort to sharpen the company's focus on its core competencies.

Further emphasizing this focus, S&P Global is advancing plans to spin off its Mobility division into a standalone company. This intention was underscored by additional leadership appointments within that division in early December.

Market Performance and Upcoming Milestones

S&P Global shares recently traded at approximately 423 euros, having lost ground since the start of the year. The next significant test for the newly articulated strategy will be the release of the company's Q4 2025 financial results, scheduled for early February 2026.