S&P Global (NYSE:SPGI) Announces Earnings Results

S&P Global (NYSE:SPGI) posted its quarterly earnings data on Tuesday. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.02), FiscalAI reports. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $3.77 EPS. S&P Global updated its FY 2026 guidance to 19.400-19.650 EPS.

Here are the key takeaways from S&P Global’s conference call:

• S&P Global delivered a strong 2025 — revenue growth, operating margin expansion, and 14% adjusted EPS growth — while returning 113% of adjusted free cash flow, raising the dividend for the 53rd consecutive year and repurchasing >$5 billion of stock.
• Management guided 2026 to 6–8% organic constant-currency revenue growth, 50–75 bps of adjusted operating margin expansion (ex-Astra) and adjusted diluted EPS of $19.40–$19.65 (+9–10%), citing strong subscription momentum.
• The company is accelerating its AI and enterprise initiatives — led by Kensho and partnerships with major cloud/LLM providers — with >50% of data workflows automated and an Enterprise Data Office target to cut run-rate expenses by >20% by end of 2027.
• Management flagged market-sensitive headwinds for 2026: a difficult compare to record 2025 issuance (Ratings assumes build issuance up only low‑ to mid‑single digits with quarter-to-quarter volatility) and ongoing sanctions-related impacts in Energy (≈$3M Q4 headwind) that add near-term uncertainty.
• The Mobility spin is progressing (new name Mobility Global, confidential Form 10 filed, public filing/Investor Day and roadshow expected in Q2) and will remain consolidated in S&P Global results and guidance until the separation is complete.

S&P Global Trading Down 9.6%

Shares of SPGI stock opened at $401.68 on Wednesday. S&P Global has a 12-month low of $395.88 and a 12-month high of $579.05. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $513.30 and its 200-day moving average price is $513.90. The stock has a market capitalization of $121.63 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.0%. S&P Global’s dividend payout ratio (DPR) is 27.93%.

Hedge Funds Weigh In On S&P Global

Institutional investors have recently added to or reduced their stakes in the company. Palisade Asset Management LLC purchased a new position in S&P Global during the third quarter worth $36,000. Headlands Technologies LLC purchased a new position in shares of S&P Global during the 2nd quarter worth about $47,000. Wealth Watch Advisors INC bought a new position in S&P Global during the 3rd quarter valued at about $47,000. iSAM Funds UK Ltd bought a new position in S&P Global during the 3rd quarter valued at about $164,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in S&P Global by 11.9% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 375 shares of the business services provider’s stock worth $183,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Key S&P Global News

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Short interest fell sharply in January (down ~24.9% vs. mid‑January), leaving only ~3.12M shares short (1.0% of float) and a short‑interest ratio of ~1.9 days — reduced short pressure can support the stock if selling calms.
• Positive Sentiment: Analyst bullishness / upgrade commentary: at least one outlet flagged a “Buy” upgrade and described the sub‑$480 area as an attractive long‑term entry, which could attract value‑oriented buyers. S&P Global Upgraded to Buy
• Positive Sentiment: Technicals/contrarian case: multiple notes point to the stock being oversold after a multi‑week decline, suggesting a possible short‑term turnaround if fundamentals hold. Zacks Turnaround Thesis
• Neutral Sentiment: Quarter top line roughly in line: Q4 revenue of $3.92B slightly beat consensus ($3.89B) and was +9% y/y — shows continued demand across segments. Q4 Sales In Line
• Neutral Sentiment: Primary disclosures and presentation materials are available (earnings release, slide deck, call transcript) for investors to drill into segment performance and margin drivers. PR Newswire Release
• Negative Sentiment: EPS miss and conservative FY26 guidance: Q4 EPS came in at $4.30 (vs. $4.32 est.) and management set FY2026 EPS of $19.40–$19.65 vs. consensus ~$19.90 — the guidance shortfall is the main driver of the selloff. Zacks: Earnings Miss
• Negative Sentiment: Market reaction magnified by thematic concerns: coverage noted that mixed results didn’t settle investor questions about S&P’s AI positioning and software exposure, pressuring valuation multiples and contributing to declines at peers. AI Concerns Piece
• Negative Sentiment: Sector spillovers: coverage shows Moody’s and FactSet falling after S&P’s weaker 2026 outlook, suggesting broader analyst re‑rating risk for the data/ratings group. Peers Slide

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $489.00 target price on shares of S&P Global in a research note on Wednesday. William Blair restated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. The Goldman Sachs Group cut their price target on S&P Global from $638.00 to $555.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets restated an “outperform” rating on shares of S&P Global in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $598.64.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.