S&P Global Q4 revenue edges past estimates; EPS misses

S&P Global

10/02/2026 12:18

Overview

Financial data provider's Q4 revenue rose 9% yr/yr, slightly beating analyst expectations

Adjusted EPS for Q4 missed analyst estimates

Company returned $6.2 bln to shareholders in 2025 through dividends and share repurchases

Outlook

Company expects 2026 organic constant currency revenue growth of 6.0% to 8.0%

S&P Global forecasts 2026 diluted EPS between $19.40 and $19.65

Company plans to return 85% or more of adjusted free cash flow to shareholders

Result Drivers

RATINGS AND INDICES - Strong revenue and operating profit growth in Ratings and Indices divisions drove Q4 results

MARKET INTELLIGENCE - Revenue growth driven by organic subscription growth and acquisition of With Intelligence

ENERGY REVENUE - Growth in subscription and usage-based revenue offset by government sanctions impact

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$3.92 bln
$3.91 bln (18 Analysts)
Q4 Adjusted EPS
Miss
$4.30
$4.33 (20 Analysts)
Q4 EPS
$3.75
Q4 Adjusted Net Income
$1.30 bln
Q4 Net Income
$1.13 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $612.00, about 37.8% above its February 9 closing price of $444.19

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)