SPGI · Earnings call · 2026Q3T · Full report

Market Intelligence Performance

S&P Global Inc. · 2026-10-27 · Importance 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 and 6% organically; discrete AI products contributed approximately 50 basis points of growth to the business. Enterprise Solutions revenue rose 2% reported, reflecting the EDM and ThinkFolio divestitures, and 8% organically. Adjusted expenses increased 5%, while operating margin expanded 110 basis points to 36.2%.

Key facts

• S&P Global Market Intelligence revenue growth accelerated to 7% on reported and organic constant-currency bases in the third quarter of 2026.
• S&P Global Market Intelligence subscription revenue grew 6%, or 7% organically, in the third quarter of 2026.
• Market Intelligence ACV growth was around 6.5%, up from the 6% range.
• Market Intelligence organic constant-currency revenue growth was 7%.