Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>S&P Global Inc. demonstrated a robust performance in the third quarter of 2025, achieving record revenue, operating profit, and EPS.</li><li>Revenue increased by 9% year-over-year, supported by a 6% rise in subscription revenue.</li><li>These results were underpinned by strategic investments in capacity, new products, and technology, which facilitated margin expansion of 180 basis points on a trailing 12-month basis and a 22% increase in adjusted EPS.</li></ul>

S&P Global Inc. demonstrated a robust performance in the third quarter of 2025, achieving record revenue, operating profit, and EPS.Revenue increased by 9% year-over-year, supported by a 6% rise in subscription revenue.These results were underpinned by strategic investments in capacity, new products, and technology, which facilitated margin expansion of 180 basis points on a trailing 12-month basis and a 22% increase in adjusted EPS.

S&P Global: Why Is Its Proprietary Data the Ultimate Competitive Moat?

<ul><li>S&P Global is making strategic waves again with its recent agreement to acquire alternative assets data provider With Intelligence for $1.8 billion.</li><li>The transaction, announced in October 2025, marks another major step by S&P to extend its footprint beyond public markets and deepen its capabilities across private markets.</li><li>Expected to close either later in 2025 or early 2026, the deal is subject to regulatory approvals and customary closing conditions.</li></ul>

S&P Global is making strategic waves again with its recent agreement to acquire alternative assets data provider With Intelligence for $1.8 billion.The transaction, announced in October 2025, marks another major step by S&P to extend its footprint beyond public markets and deepen its capabilities across private markets.Expected to close either later in 2025 or early 2026, the deal is subject to regulatory approvals and customary closing conditions.

S&P Acquires With Intelligence For $1.8 Billion—What It Means For Wall Street’s Data Wars!

Credit

<ul><li>S&P Global, a prominent player in financial information and analytics, reported solid results for the second quarter of 2025.</li><li>The company's revenue grew by 6% year-over-year, driven by a 7% increase in subscription revenue.</li><li>Notably, operational efficiency resulted in a 150 basis point expansion in the trailing 12-month margin.</li></ul>

S&P Global, a prominent player in financial information and analytics, reported solid results for the second quarter of 2025.The company's revenue grew by 6% year-over-year, driven by a 7% increase in subscription revenue.Notably, operational efficiency resulted in a 150 basis point expansion in the trailing 12-month margin.

S&P Global Inc.: Is The Growth in Private Credit Markets Here To Stay?

<ul><li>S&P Global Inc., a leader in financial information and analytics, presented a robust first quarter in 2025.</li><li>The company showcased broad-based growth across all five of its divisions, marking an 8% annual increase in revenue, driven by a 7% rise in subscription products.</li><li>Concurrently, S&P Global reported a 240 basis point expansion in year-over-year margins, along with a 9% jump in adjusted diluted EPS.</li></ul>

S&P Global Inc., a leader in financial information and analytics, presented a robust first quarter in 2025.The company showcased broad-based growth across all five of its divisions, marking an 8% annual increase in revenue, driven by a 7% rise in subscription products.Concurrently, S&P Global reported a 240 basis point expansion in year-over-year margins, along with a 9% jump in adjusted diluted EPS.

S&P Global: 7 Major Game-Changers Impacting Its 2025 Performance & Beyond!

Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

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Stock Spin-offs

Event-Driven

<ul><li><p>S&amp;P Global (SPGI) announced on April 29, 2025, its intention to spin off its Mobility division into a standalone publicly traded company.</p></li><li><p>This strategic move aims to streamline operations and allow S&amp;P Global to concentrate on its core businesses: Market Intelligence, Ratings, Commodity Insights, and Dow Jones Indices.</p><section class="figure"><figure class="editor-figure mceNonEditable"></figure></section></li><li><p>The Mobility division, which provides data and analytics to the automotive industry, generated $1.6 billion in revenue in fiscal year 2024, marking an 8% year-over-year increase.</p><section class="figure"><figure class="editor-figure mceNonEditable"></figure></section></li></ul>

S&amp;P Global (SPGI) announced on April 29, 2025, its intention to spin off its Mobility division into a standalone publicly traded company.This strategic move aims to streamline operations and allow S&amp;P Global to concentrate on its core businesses: Market Intelligence, Ratings, Commodity Insights, and Dow Jones Indices.The Mobility division, which provides data and analytics to the automotive industry, generated $1.6 billion in revenue in fiscal year 2024, marking an 8% year-over-year increase.

Weekly Update (LION, STRZ, GTX, LBTYA, WDC)

United States

S&P Global Inc. provides clients with financial information services. The Company offers information regarding ratings, benchmarks, and analytics in the global capital and commodity markets. S&P Global operates worldwide.

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S&P Global (SPGI US)

S&P Global: Why Is Its Proprietary Data the Ultimate Competitive Moat?

S&P Global Inc. demonstrated a robust performance in the third quarter of 2025, achieving record revenue, operating profit, and EPS. Revenue...

Baptista Research

S&P Acquires With Intelligence For $1.8 Billion—What It Means For Wall Street’s Data Wars!

S&P Global is making strategic waves again with its recent agreement to acquire alternative assets data provider With Intelligence for $1.8...

Baptista Research

S&P Global Inc.: Is The Growth in Private Credit Markets Here To Stay?

S&P Global, a prominent player in financial information and analytics, reported solid results for the second quarter of 2025. The company's...

Baptista Research

S&P Global: 7 Major Game-Changers Impacting Its 2025 Performance & Beyond!

S&P Global Inc., a leader in financial information and analytics, presented a robust first quarter in 2025. The company showcased broad-based...

Baptista Research

Weekly Update (LION, STRZ, GTX, LBTYA, WDC)

S&P Global (SPGI) announced on April 29, 2025, its intention to spin off its Mobility division into a standalone publicly traded company.

Richard Howe

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