SPGI · Other

S&P Global Inc.

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: everything published this earnings window

News · 2026-11-06

• Poland Sovereign Outlook DowngradeImportance 10 · Surprise 24
  S&P Global Ratings revised Poland’s outlook to negative from stable on November 6, 2026, citing widening budget deficits and rapid debt accumulation. It affirmed the foreign-currency ratings at 'A-/A-2' and lowered the…
• Andorra Sovereign Rating UpgradeImportance 10 · Surprise 24
  S&P Global Ratings upgraded Andorra’s long- and short-term sovereign ratings to 'A/A-1' from 'A-/A-2' on November 6, 2026. The upgrade cited stronger financial stability, fiscal performance, and access to the European…

News · 2026-11-03

• Market Intelligence ReorganizationImportance 31 · Surprise 42
  Following its third-quarter results on October 27, 2026, S&P Global announced a strategic review of Capital IQ and associated data businesses. The review concerns the portfolio structure of activities within the Market…
• Strategic InitiativesImportance null · Surprise null
  Following its third-quarter results on October 27, 2026, S&P Global announced a strategic review of its Capital IQ and associated data businesses. The review concerns the portfolio structure of the Market Intelligence…

News · 2026-11-01

• Capital IQ Pro SpinoutImportance 34 · Surprise 42
  S&P Global began reviewing options for its Capital IQ and associated data businesses in October 2026. The review also covers Kensho-related data assets, but the digest reports no transaction decision, deal value, or…
• AI Product DevelopmentImportance 23 · Surprise 24
  S&P Global has introduced AI-powered enhancements to its iLEVEL platform. The report gives no details on the enhancements’ functionality, availability, or customer adoption. It mentions them alongside the company’s…
• Quarterly Results Snapshot (Earnings and EPS)Importance 9 · Surprise 6
  S&P Global reported Q3 2026 sales of US$3,678 million and net income of US$1,240 million. The reported sales were for the third quarter of 2026; the digest provides no year-over-year or sequential comparison. The…

News · 2026-10-31

• Products and TechnologyImportance 58 · Surprise 42
  S&P Dow Jones Indices teamed with Quantix Commodities to roll out co-branded commodity indices. The benchmarks use S&P Global’s index governance framework and are designed to offer differentiated exposure to investors.…
• Partner Ecosystem ExpansionImportance 58 · Surprise 42
  Chainlink expanded its work with S&P Global Ratings to make S&P vault risk assessments available directly on blockchain networks. The arrangement extends distribution of S&P’s risk-assessment data through onchain…
• Guidance / OutlookImportance 56 · Surprise 68
  Management raised its full-year 2026 adjusted EPS guidance to $17.83 at the midpoint. This represented a 1.1% increase in the midpoint of the guidance.
• Quarterly Results Snapshot (Earnings and EPS)Importance 31 · Surprise 32
  S&P Global reported Q3 2026 revenue of $3.68 billion, up 6.8% year over year and 0.9% above analysts’ $3.65 billion estimate. Adjusted EPS was $4.58, 3.7% above the $4.42 consensus estimate. Operating margin increased…
• Strategic InitiativesImportance null · Surprise null
  Chainlink expanded its work with S&P Global Ratings to distribute S&P vault risk assessments directly on blockchain networks. The report gives no financial terms or timing for the expanded collaboration.

News · 2026-10-30

• Quarterly Results Snapshot (Earnings and EPS)Importance 20 · Surprise 24
  S&P Global’s Q3 2026 results reflected strength in its Indices, Energy, and Market Intelligence divisions. Management reported accelerated growth in recurring subscription revenue and margin expansion across those…
• Market Demand TrendsImportance 17 · Surprise 24
  Third-party reporting described strength in S&P Global’s Indices, Energy, and Market Intelligence divisions, alongside accelerated growth in recurring subscription revenue. Management cited robust customer engagement…

10-Q · 2026-10-28

• Capital Return ProgramImportance 83 · Surprise 82
  On January 14, 2026, the board increased the 2026 quarterly common-stock dividend to $0.97 per share. During the nine months ended September 30, 2026, S&P Global repurchased 8.5 million shares for $4.1 billion in cash,…
• Mobility Business SeparationImportance 71 · Surprise 60
  The separation of Mobility Global became effective July 1, 2026, and Mobility Global became an independent publicly traded company listed on the NYSE under ticker MBGL. S&P Global distributed Mobility Global shares to…
• Operating Profit and Margin DriversImportance 63 · Surprise 48
  Operating profit for the third quarter of 2026 increased 26% to $1.956 billion from $1.556 billion, and nine-month operating profit rose 26% to $5.627 billion from $4.476 billion. Third-quarter operating profit growth…
• Quarterly Results Snapshot (Earnings and EPS)Importance 59 · Surprise 48
  Income from continuing operations attributable to S&P Global common shareholders was $1.298 billion in the third quarter of 2026, compared with $1.078 billion in the third quarter of 2025. Diluted continuing-operations…
• Indices Segment PerformanceImportance 59 · Surprise 48
  Indices revenue increased 20% in the third quarter and 19% for the first nine months of 2026; nine-month revenue reached $1.606 billion, up from $1.352 billion. Asset-linked fees increased 21% for the nine-month…
• Ratings PerformanceImportance 54 · Surprise 40
  Ratings revenue increased 11% to $3.912 billion for the nine months ended September 30, 2026, including transaction revenue growth of 13% to $2.135 billion and non-transaction revenue growth of 8% to $1.777 billion.…
• Operating Cash Flow TrendsImportance 54 · Surprise 40
  Cash provided by operating activities from continuing operations increased 10%, or $344 million, to $3.661 billion for the first nine months of 2026. The company attributed the increase primarily to higher 2026…
• Remaining Performance ObligationsImportance 50 · Surprise 24
  S&P Global reported $6.0 billion of remaining performance obligations as of September 30, 2026, representing contracted work not yet performed. The filing expects to recognize approximately half and three-quarters of…
• Revenue Performance and MixImportance 49 · Surprise 32
  For the nine months ended September 30, 2026, continuing-operations revenue increased 9% to $11.074 billion from $10.117 billion; third-quarter revenue rose 7% to $3.678 billion from $3.443 billion. Nine-month growth…
• Market Intelligence PerformanceImportance 49 · Surprise 32
  Market Intelligence revenue increased 7% in both the three and nine months ended September 30, 2026, to $1.263 billion and $3.723 billion, respectively. Subscription revenue increased 6% in both periods, driven by…
• ESG and SustainabilityImportance 40 · Surprise 42
  S&P Global’s sustainability-linked senior notes due 2029 carry an interest-rate increase beginning March 1, 2026. The rate rose by 25 basis points (0.25%) under the notes’ indenture. Separately, emissions performance…
• Market Demand TrendsImportance 38 · Surprise 24
  For the three months ended September 30, 2026, revenue increased across all four reportable segments: Ratings, Indices, Energy and Market Intelligence. Ratings benefited from strong investment-grade corporate bond…
• Data Center Intelligence AcquisitionImportance 34 · Surprise 42
  S&P Global completed its acquisition of datacenterHawk on September 1, 2026, combining its data-center, fiber and infrastructure intelligence with Energy’s power-market coverage and 451 Research forecasting; the…
• Agusto & Company ExpansionImportance 34 · Surprise 42
  On July 28, 2026, S&P Global announced an agreement to acquire a majority stake in Agusto & Co., a Pan-African rating agency operating in Nigeria, Kenya, Rwanda, and Ghana. The investment is intended to support the…
• Liquidity and Cash PositionImportance 31 · Surprise 6
  Cash, cash equivalents and restricted cash were $2.441 billion as of September 30, 2026, an increase of $734 million from year-end 2025. The company had $700 million of commercial paper outstanding at September 30,…
• OpenZeppelin AcquisitionImportance 31 · Surprise 42
  S&P Global completed its acquisition of OpenZeppelin on October 26, 2026. The acquisition adds expertise in onchain ecosystem development and complements the company’s risk assessment capabilities in digital asset…
• Income Tax Rate ChangesImportance 30 · Surprise 40
  The effective income tax rate was 24.9% for the third quarter of 2026, compared with 21.1% in the third quarter of 2025. For the first nine months, the rate was 22.7% in 2026 versus 21.5% in 2025. The filing attributes…
• Interest Expense IncreaseImportance 30 · Surprise 40
  Net interest expense increased 10% to $87 million in the third quarter of 2026 from $79 million a year earlier. For the first nine months, it rose 14% to $267 million from $233 million. The increases primarily…
• Geographic Market CommentaryImportance 30 · Surprise 40
  Market Intelligence U.S. revenue increased 11% in the third quarter and 9% in the first nine months of 2026. International revenue increased 1% in the third quarter and 4% for the first nine months. The reported…
• FX / Currency HeadwindsImportance 25 · Surprise 6
  S&P Global uses foreign-exchange forward contracts and cross-currency swaps to mitigate currency movements affecting its international operations and foreign subsidiaries. As of September 30, 2026, cross-currency swaps…
• Ratings Issuance DemandImportance 25 · Surprise 32
  Ratings’ third-quarter billed issuance increased 8% to $1.227 trillion, while nine-month billed issuance rose 15% to $3.725 trillion. Third-quarter investment-grade issuance growth was driven by AI-related issuance and…
• Energy Market Demand TrendsImportance 25 · Surprise 32
  Energy revenue increased 6% in the third quarter and 5% for the first nine months of 2026, supported by continued demand for market data and market insights products. Expanded offerings to existing customers under…
• Strategic InitiativesImportance 23 · Surprise 24
  For 2026, S&P Global’s strategy is to advance market leadership, expand high-growth adjacencies, and amplify enterprise capabilities and AI. The company identifies private markets, energy expansion, supply chain…

Earnings call · 2026-10-27

• Guidance / OutlookImportance 69 · Surprise 60
  S&P Global raised 2026 organic constant-currency revenue growth guidance to 7.5%–8.5% and adjusted operating-margin expansion guidance to 75–100 basis points; excluding Astra, expected margin expansion was 125–150…
• Strategic Business SeparationImportance 59 · Surprise 60
  S&P Global initiated a strategic review of alternatives, including potential separation, for Market Intelligence’s financial data and associated data businesses, including Kensho data and platforms. Management…
• AI Product AdoptionImportance 57 · Surprise 64
  Management said demand for AI products is strong, and customers using S&P solutions are increasing their spending faster than other customers. Market Intelligence ACV growth among AI customers was 1.8 times the rate…
• Outstanding IndebtednessImportance 52 · Surprise 42
  S&P Global expected to issue approximately $2 billion of debt at prevailing market rates later in Q4 2026. Management linked the planned bond offering to the expanded $7 billion 2026 share-repurchase program, which was…
• Partner Ecosystem ExpansionImportance 49 · Surprise 50
  S&P Dow Jones Indices extended its exclusive licensing agreement with Cboe through 2051, extending a partnership of more than 40 years. Management said the extension accelerates the economics to S&P Dow Jones Indices…
• Indices Flows and DerivativesImportance 47 · Surprise 48
  S&P Dow Jones Indices reported more than $600 billion in net inflows to ETF products and ETF assets under management up 26%. Average daily volumes for exchange-traded derivatives increased 15%, while the CFO reported…
• AI Data Center DemandImportance 46 · Surprise 56
  Management said demand for data center build-out was unprecedented and forecast significant increases in demand for power, chips, and materials. The company forecast nearly $900 billion of capex in 2026 by the six…
• Indices Segment PerformanceImportance 42 · Surprise 40
  S&P Dow Jones Indices revenue grew 20% in Q3 2026, its 14th consecutive quarter of record revenue. Asset-linked fees grew 24%, supported by market appreciation and net inflows, and ETF assets under management reached a…
• Ratings Issuance DemandImportance 39 · Surprise 32
  Management reported strong demand for rated debt and an 8% year-over-year increase in third-quarter billed issuance. Hyperscaler issuance reached approximately $240 billion year to date, with full-year issuance…
• Acquisitions and DivestituresImportance 34 · Surprise 42
  S&P Global closed the Owen Zeppelin acquisition in Q3 2026, adding a leading position in the smart-contract space and supporting its DeFi strategy. The company’s Data Center Hawk acquisition was described as…
• Prediction Markets ExpansionImportance 34 · Surprise 42
  Management said S&P DJI is pursuing opportunities to expand the addressable market for its intellectual property in prediction markets. The company sees potential to provide its indices for decision-resolution…
• AI Productivity ProgramsImportance 32 · Surprise 24
  Management said S&P Global budgets for a couple of points of productivity gains across the company each year, with gains arising from both AI and non-AI initiatives. AI is being applied to data operations, research,…
• Ratings PerformanceImportance 31 · Surprise 32
  Ratings revenue grew 2% in Q3 2026 as growth moderated against tougher prior-year comparisons; billed issuance increased 8% and transaction revenue rose 1%. Investment-grade issuance increased 28%, while the shift away…
• Energy Segment PerformanceImportance 31 · Surprise 32
  S&P Global Energy revenue increased 6% in Q3 2026 on both reported and organic constant-currency bases, despite sanctions that reduced growth by about 0.5 percentage point. Platts revenue rose 7%, and Energy revenue…
• Market Intelligence PerformanceImportance 31 · Surprise 32
  Market Intelligence revenue grew 7% in Q3 2026 on both reported and organic constant-currency bases, with subscription revenue up 6% reported and 7% organically. Kensho Data and Platforms revenue increased 10% reported…
• Operating Margin DriversImportance 31 · Surprise 32
  Company adjusted operating margin expanded 60 basis points year over year to 53.5% in Q3 2026, or 120 basis points excluding Astra from the prior-year comparison. Adjusted expenses rose 5% as investments in growth…
• Strategic InitiativesImportance 31 · Surprise 42
  Management said the announced review of Market Intelligence’s financial data and associated businesses does not change S&P Global’s established priorities: advancing market leadership, expanding into high-growth…
• Energy Market Demand TrendsImportance 30 · Surprise 40
  Energy revenue growth accelerated as customers adapted to volatile markets, and global trading services stabilized in the third quarter. Management said renewals returned to pre-Iran-conflict levels as improved Strait…
• Middle East Customer StabilizationImportance 25 · Surprise 32
  Management said Energy customers affected in the Middle East had begun to stabilize and adapt to the operating environment. This was reflected in accelerating organic growth, rising sales, and solid global trading…
• Revenue Performance and MixImportance 24 · Surprise 14
  Third-quarter 2026 revenue grew 7% on both an organic constant-currency and all-in basis, adjusted operating profit rose 8%, and adjusted EPS increased 9%. Adjusted operating margin expanded 60 basis points to 53.5%;…
• Operating Expense TrendsImportance 24 · Surprise 14
  Company adjusted expenses increased 5% in Q3 2026, with productivity initiatives helping fund investment in growth areas and total headcount held flat year over year. Ratings expenses rose 7% due to compensation and…
• Strategic Initiatives and AIImportance 23 · Surprise 24
  Management said AI-ready data distribution deals are seeing client interest in adaptive retrieval products that let agents query nuanced questions across multiple S&P Global datasets. The company sees potential for…
• Macroeconomic Factors ImpactImportance 13 · Surprise 6
  Management described an environment marked by geopolitical conflict, shifting rates, and volatile commodity markets, alongside strong credit and equity market activity. In debt markets, higher Treasury yields were…