Growth in Revenue, Operating Profit Margin, and EPS Despite Decline in Global Bond Issuance

Revenue Increased 2%

Diluted EPS Increased 22% to $1.95

Adjusted Diluted EPS Increased 23% to $2.11

Operating Profit Margin Improved 260 Basis Points to 46%

Adjusted Operating Profit Margin Improved 380 Basis Points to 50%

Company's Credit Rating Upgraded by Fitch and Moody's

New York, NY, October 25, 2018
S&P Global (NYSE: SPGI) today reported third quarter 2018 results with revenue of $1,546 million, an increase of 2% compared to the same period last year. On an organic basis and excluding the unfavorable impact from foreign exchange, revenue also increased 2%.

Net income increased 20% to $495 million and diluted earnings per share increased 22% to $1.95 as a result of revenue growth, operating leverage, and U.S. tax reform. Adjusted net income increased 21% to $536 million and adjusted diluted earnings per share increased 23% to $2.11. The adjustments in the third quarter of 2018 were for lease impairments, restructuring, a reduction in the provisional tax expense related to U.S. tax reform, deal-related amortization, and Kensho retention related expenses.

“The benefit of our diverse portfolio of exceptional businesses was evident this quarter as we were able to overcome a decline in global bond issuance and deliver revenue growth, margin improvement, and EPS gains,” said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. “We continue to build the Company with innovative product launches, margin-enhancing technology projects, and investments in unique data, analytics and content augmented through technology.”

Margin: The Company’s operating profit margin increased 260 basis points to 46% due to a combination of revenue growth and reduced expenses. The adjusted operating profit margin increased 380 basis points to 50%.

Page 1

The following information was filed by Sp Global Inc. (SPGI) on Thursday, October 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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