S&P Global (NYSE:SPGI) Posts Earnings Results, Beats Expectations By $0.02 EPS

S&P Global (NYSE:SPGI) issued its earnings results on Tuesday. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02, Briefing.com reports. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the company earned $4.43 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. S&P Global updated its FY 2026 guidance to 17.500-17.750 EPS.

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

• Strong second-quarter performance: Revenue increased 11% year over year, adjusted EPS rose 23%, and operating margin expanded 200 basis points to 54.3%, supported by disciplined expense management and benchmark businesses.
• Ratings and Indices exceeded expectations. Ratings revenue grew 17% and Indices revenue rose 20%; the company raised full-year growth guidance for Ratings to 5%-8% and Indices to 12%-14%.
• Capital returns are increasing. S&P Global now expects to repurchase more than $7 billion of shares in 2026, equivalent to over 5% of its current market capitalization, funded partly by the Mobility dividend and additional debt.
• Energy faced near-term pressure from the Iran conflict, sanctions, tariffs, and extreme volatility, which affected subscription renewals, one-time sales, events, and Global Trading Services; Energy revenue grew only 3% in the quarter.
• Market Intelligence is being reorganized around Kensho Data and Platforms and Enterprise Solutions to simplify operations, prioritize higher-growth products, and improve profitability. Management cited elongated renewal cycles and weaker performance in some smaller products, while maintaining full-year growth guidance of 5.5%-7%.

S&P Global Trading Down 1.3%

Shares of SPGI stock opened at $418.90 on Wednesday. The company has a market capitalization of $123.99 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $423.99 and its two-hundred day moving average is $439.95. S&P Global has a twelve month low of $381.61 and a twelve month high of $579.05.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 24.56%.

More S&P Global News

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

• Positive Sentiment: S&P Global reported second-quarter adjusted EPS of $4.83, ahead of the $4.81 consensus, while revenue reached $4.15 billion versus expectations of $4.12 billion. Revenue increased 10.4% year over year, supported by strong performance in Ratings and Indices. S&P Global Reports Second Quarter Results
• Positive Sentiment: Management maintained 2026 adjusted EPS guidance of $17.50-$17.75 and expects more than $7 billion in share repurchases, while raising its outlook for the Ratings and Indices businesses. The buyback plan could provide meaningful support for earnings per share and shareholder returns. S&P Global Earnings Guidance and Buybacks
• Positive Sentiment: The company is expanding its data and analytics offerings through acquisitions and product launches, including a majority stake in African ratings firm Agusto & Company, datacenterHawk’s data-center intelligence business, and additional private-markets datasets integrated into Capital IQ Pro. These moves strengthen exposure to credit, infrastructure, private markets and AI-enabled workflows. Expanded Private Markets Datasets
• Neutral Sentiment: Barclays lowered its price target to $553 from $555 but retained an “overweight” rating, while Robert W. Baird cut its target to $513 from $521 and maintained an “outperform” rating. Both firms continue to see substantial long-term upside, but the target reductions suggest more cautious near-term expectations.
• Negative Sentiment: The principal concern is that 2026 EPS guidance of $17.50-$17.75 is below prior Wall Street expectations, which several data providers put near $18.37-$18.98. In addition, Erste Group reduced its FY2027 EPS estimate to $20.32 from $20.92, adding to concerns that growth may moderate after the strong second quarter.

Insider Activity

In related news, Director Robert Edward Jr. Moritz bought 1,152 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the transaction, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Catherine R. Clay purchased 2,500 shares of the stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On S&P Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Palisade Asset Management LLC acquired a new stake in S&P Global in the third quarter valued at $36,000. Swiss RE Ltd. purchased a new position in S&P Global during the 4th quarter valued at about $39,000. Headlands Technologies LLC purchased a new stake in shares of S&P Global in the second quarter valued at about $47,000. Wealth Watch Advisors INC acquired a new stake in shares of S&P Global in the third quarter valued at approximately $47,000. Finally, Sfam LLC purchased a new position in shares of S&P Global during the 4th quarter worth approximately $52,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price objective on S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Evercore decreased their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Bank of America lowered their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Wells Fargo & Company dropped their price target on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Finally, Rothschild & Co Redburn cut their price objective on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $533.00.

S&P Global Company Profile

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.