Citable filing context
SPGI's research view summarizes recent SEC filing context, starting with earnings from Jul 28, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 28, 2026 | earnings | S&P Global reported Q2 2026 GAAP revenue of $4.146 billion, an increase of 10% year-over-year. |
| Jul 6, 2026 | divestiture | S&P Global completed the spin-off of its Mobility Global business unit on July 1, 2026. |
| Jul 6, 2026 | management_change | Steven Kemps announced his retirement as Chief Legal Officer of S&P Global, effective December 31, 2026. |
| Jul 28, 2026 | Guidance: adjusted_diluted_eps | 17.50 to 17.75 |
| Jul 28, 2026 | Guidance: diluted_eps | 16.35 to 16.60 |
| Jul 28, 2026 | Guidance: organic_constant_currency_revenue_growth | 6.00 to 8.00 |
| Jul 28, 2026 | mda_quarterly | S&P Global (SPGI) reported strong financial performance for the first half of 2026, with revenue increasing 10% to $8.3 billion and operating profit rising 22% to $3.8 billion. Growth was broad-based across all four reportable segments: Ratings, Market Intelligence, Energy, and Indices. The Ratings segment benefited significantly from a 33% increase in investment-grade billed issuance, driven by AI-related corporate debt and M&A activity. Market Intelligence saw subscription growth in Data, Analytics & Insights and Enterprise Solutions, while the Indices segment reported a 20% revenue increase fueled by a 34% rise in ETF assets under management. The Energy segment grew through expanded enterprise-level contracts and increased demand for market data. A major strategic development was the July 1, 2026, separation of the Mobility segment into an independent, publicly traded company (MBGL). Consequently, Mobility’s results will be reported as discontinued operations starting in the third quarter. The company continues to prioritize capital returns, executing $1.5 billion in share repurchases during the first half of 2026. Despite ongoing regulatory scrutiny and legal proceedings, management maintains a robust liquidity position, supported by $4.1 billion in cash and a $2.0 billion credit facility. |
| Apr 28, 2026 | mda_quarterly | S&P Global Inc. delivered a strong first quarter 2026, with revenue increasing 10% to $4.17 billion and diluted EPS rising 32% to $4.69, resulting in a 27% increase in operating profit. All segments contributed to revenue growth. Ratings revenue grew 13%, driven by higher corporate bond ratings from strong investment grade issuance and increased surveillance revenue. Market Intelligence revenue rose 8%, fueled by growth in Lending Solutions, Data, Analytics & Insights subscriptions, and RatingsXpress/RatingsDirect. Indices revenue increased 17% due to higher asset-linked fees from increased ETF/mutual fund assets under management and exchange-traded derivatives. Energy's revenue was up 7% from increased CERAWeek attendance and demand for market data/insights. Mobility grew 8% from new Dealer business and solid Financial underwriting. The company recorded a $175 million pre-tax gain from dispositions, including the Enterprise Data Management and thinkFolio businesses. SPGI also announced the planned tax-free spin-off of its Mobility segment by mid-2026 and agreed to sell Energy’s geoscience software portfolio. Capital allocation included $1 billion in share repurchases, acquiring 2.3 million shares, and an increased quarterly dividend of $0.97 per share. Free cash flow increased 13% to $919 million. Short-term debt increased to partially finance share repurchases. The effective tax rate decreased to 21.2% due to non-U.S. divestiture tax exemptions. |
Source: SEC EDGAR filing text and events; period Jul 28, 2026; filed Jul 28, 2026.
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