SPGI · 10-Q · 2026Q3 · Full report

Interest Expense Increase

S&P Global Inc. · 2026-10-28 · Importance 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 reflected interest on senior notes issued in December 2025 and higher commercial-paper borrowing costs in 2026. Commercial paper borrowings partly financed the company’s 2026 accelerated share repurchase agreements and short-term working-capital requirements.

Key facts

• Interest expense was $87 million in the third quarter of 2026 versus $79 million in 2025, and $267 million for the first nine months of 2026 versus $233 million in 2025. source
• Higher interest expense primarily reflected December 2025 senior-note issuance and 2026 commercial-paper borrowings used partly to finance 2026 ASR agreements and short-term working-capital requirements. source