SPGI · 10-Q · 2026Q3 · Full report
Capital Return Program
S&P Global Inc. · 2026-10-28 · Importance 83 · Surprise 82 · In source text
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, compared with 4.3 million shares for $2.5 billion in the same 2025 period. A July 29, 2026 accelerated share repurchase used $2.6 billion and initially delivered 5.0 million shares; it settled on October 26, 2026 with an additional 1.3 million shares, for 6.3 million shares at an average $412.99 per share. As of September 30, 2026, 23.4 million shares remained authorized under the 2025 Repurchase Program, which has no expiration date; the 2022 program was completed.
Key facts
- The board approved a quarterly common-stock dividend of $0.97 per share for 2026 on January 14, 2026. source
- S&P Global purchased 8.5 million shares for $4.1 billion in cash in the nine months ended September 30, 2026. source
- As of September 30, 2026, 23.4 million shares remained available under the 2025 Repurchase Program, while the 2022 Repurchase Program was complete; the 2025 program has no expiration date. source
- On July 29, 2026, S&P Global initiated an uncapped accelerated share repurchase agreement for $2.6 billion, initially receiving 5.0 million shares; it completed the agreement on October 26, 2026, receiving an additional 1.3 million shares and repurchasing 6.3 million shares at an average $412.99 per share. source
- S&P Global completed the July 2026 ASR agreement with total repurchases of 6.3 million shares at an average purchase price of $412.99 per share. source
- S&P Global Inc. declared dividends of $2.91 per common share during the nine months ended September 30, 2026, compared with $2.88 per share in 2025. source
- On January 14, 2026, S&P Global's Board of Directors approved a quarterly common stock dividend of $0.97 per share. source
- S&P Global Inc. repurchased $4.1 billion of treasury shares during the nine months ended September 30, 2026, compared with $2.501 billion in the same period of 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -8.5% | S&P Global purchased 8.5 million shares for $4.1 billion in cash in the nine months ended September 30, 2026. |
| cash | negative | committed | — | As of September 30, 2026, 23.4 million shares remained available under the 2025 Repurchase Program, while the 2022 Repurchase Program was… |
| cash | negative | realized | — | S&P Global Inc. declared dividends of $2.91 per common share during the nine months ended September 30, 2026, compared with $2.88 per… |
| cash | negative | committed | — | On January 14, 2026, S&P Global's Board of Directors approved a quarterly common stock dividend of $0.97 per share. |