S&P Global (SPGI) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined compared to the immediately preceding quarter but rose against the same quarter one year earlier. The sequential decrease followed a prior period of growth, while the year-over-year increase continued a multi-quarter trend of positive annual comparisons.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined compared to the immediately preceding quarter but rose against the same quarter one year earlier. The sequential decrease followed a prior period of growth, while the year-over-year increase continued a multi-quarter trend of positive annual comparisons.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
-1.9%
Change from the immediately preceding quarter.
Year-over-year
+3.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $2.9B | +37.1% |
| Dec 31, 2022 | $2.9B | +40.7% |
| Mar 31, 2023 | $3.2B | +32.3% |
| Jun 30, 2023 | $3.1B | +3.6% |
Revenue performance
Reported revenue moved lower from the prior quarter, ending a period of sequential gains. The trailing twelve-month figure remained elevated, reflecting the cumulative effect of recent annual increases.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower after sequential growth in the two prior quarters. Compared with the same quarter one year earlier, revenue was higher, consistent with the year-over-year increases seen in each of the last several quarters.
What to watch
The reversal from sequential growth to a sequential decline may warrant attention if it persists in future filings.