SPGI · 10-Q · 2026Q3 · Full report

Mobility Business Separation

S&P Global Inc. · 2026-10-28 · Importance 71 · Surprise 60 · In source text

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 its shareholders, and the historical Mobility business is presented as discontinued operations for all periods shown. The separation reduced S&P Global’s equity by $9.753 billion in the nine months ended September 30, 2026. S&P Global reported $1.974 billion of debt-issuance proceeds related to the separation in financing activities and continues to provide Mobility Global transition services for up to 18 months; the services’ financial impact was not material.

Key facts

• S&P Global Inc. completed the separation of Mobility Global effective July 1, 2026; shareholders received one Mobility Global share for every S&P Global share held at the June 15, 2026 record date. source
• On July 1, 2026, S&P Global completed the separation of Mobility Global by distributing 100% of Mobility Global common stock to S&P Global shareholders; shareholders received one Mobility Global share for each S&P Global share held on the June 15, 2026 record date. source
• The previously announced separation of Mobility Global from S&P Global became effective July 1, 2026; Mobility's historical results are presented as discontinued operations and excluded from continuing operations and segment results for all periods shown. source
• S&P Global Inc. continued providing certain services to Mobility Global under a transition services agreement for up to 18 months following the July 1, 2026 separation; the impact through September 30, 2026 was not material to consolidated financial statements. source
• S&P Global identifies potential loss of tax-free treatment of the Mobility Global separation for U.S. federal income tax purposes as a risk. source
• S&P Global identifies business disruption related to the Mobility Global separation as a risk. source
• S&P Global identifies potential lost synergies from the Mobility Global separation, adversely affected results, or failure to realize all expected separation benefits as risks. source
• S&P Global Inc. said Mobility Global became solely responsible after the separation for its senior-note obligations issued in connection with the separation. source

Impact estimates