SPGI · 10-Q · 2026Q1 · Full report

Capital Return Program

S&P Global Inc. · 2026-04-28 · Importance 64 · Surprise 42

The Board approved a 2025 Repurchase Program and the company continued share repurchases including accelerated share repurchase (ASR) agreements; on Feb 12, 2026 the company paid $1,000 million under an uncapped ASR and initially received 2.0 million shares, with total shares purchased under that ASR of 2.3 million shares on completion. As of March 31, 2026, 29.6 million shares remained available under the 2025 Repurchase Program and the program has no expiration date. The company also increased the quarterly common dividend to $0.97 per share for 2026. These actions represent a material return of capital via buybacks and dividends and affect share count, EPS and treasury stock balances.

Key facts

• On January 14, 2026, S&P Global's Board of Directors approved a quarterly common stock dividend of $0.97 per share.
• During the three months ended March 31, 2026, S&P Global purchased a total of 2.3 million shares for $1 billion of cash.
• An ASR agreement initiated on February 12, 2026 and completed March 12, 2026 resulted in initial delivery of 2.0 million shares, additional delivery of 0.3 million shares, total shares purchased 2.3 million at an average price paid per share of $426.70 for total cash utilized of $1,000 million.
• On January 14, 2026, the Board of Directors approved an increase in the quarterly common stock dividend for 2026 to $0.97 per share.
• During the three months ended March 31, 2026 the company purchased a total of 2.3 million shares for $1,000 million of cash.
• During the three months ended March 31, 2025, S&P Global purchased a total of 1.0 million shares for $650 million of cash.
• As of March 31, 2026, 29.6 million shares remained available for repurchase under the 2025 Repurchase Program.
• Cash used for financing activities for the three months ended March 31, 2026: $(1,237) million.

Impact estimates