S&P Global Q2 revenue beats estimates on divisional growth

S&P Global

28/07/2026 12:19

Overview
US financial data provider's Q2 revenue rose 10%, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations, rising 23% year over year
Company repurchased $500 mln in shares in Q2, expects over $7 bln in 2026 buybacks

Outlook
S&P Global expects 2026 revenue growth of 5.9% to 7.9%, excluding Mobility
Company sees 2026 adjusted diluted EPS of $17.50 to $17.75
S&P Global expects to repurchase more than $7 bln in shares in 2026

Result Drivers
DIVISIONAL GROWTH - Margin improvement was driven primarily by growth and margin expansion in Ratings, Indices, and Market Intelligence divisions
RECORD PERFORMANCE - Co reported record results in Ratings and Indices businesses, per CEO Martina Cheung
AI ADOPTION - Co saw continued rapid adoption and expansion of its AI solutions

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$4.15 bln
$3.85 bln (18 Analysts)
Q2 Adjusted EPS
Beat
$4.83
$4.76 (19 Analysts)
Q2 EPS
 
$4.12
 
Q2 Adjusted Net Income
 
$1.21 bln
 
Q2 Net Income
 
$1.22 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the professional information services peer group is "buy"
Wall Street's median 12-month price target for S&P Global Inc is $525.00, about 19.4% above its July 27 closing price of $439.83
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 20 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)