SPGI · 10-Q · 2026Q3

S&P Global Inc.

Filed 2026-10-28 · Other · View original filing on EDGAR

Ranked Events

• Capital Return ProgramImportance 83 · Surprise 82
  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,…
• Mobility Business SeparationImportance 71 · Surprise 60
  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…
• Operating Profit and Margin DriversImportance 63 · Surprise 48
  Operating profit for the third quarter of 2026 increased 26% to $1.956 billion from $1.556 billion, and nine-month operating profit rose 26% to $5.627 billion from $4.476 billion. Third-quarter operating profit growth…
• Indices Segment PerformanceImportance 59 · Surprise 48
  Indices revenue increased 20% in the third quarter and 19% for the first nine months of 2026; nine-month revenue reached $1.606 billion, up from $1.352 billion. Asset-linked fees increased 21% for the nine-month…
• Quarterly Results Snapshot (Earnings and EPS)Importance 59 · Surprise 48
  Income from continuing operations attributable to S&P Global common shareholders was $1.298 billion in the third quarter of 2026, compared with $1.078 billion in the third quarter of 2025. Diluted continuing-operations…
• Operating Cash Flow TrendsImportance 54 · Surprise 40
  Cash provided by operating activities from continuing operations increased 10%, or $344 million, to $3.661 billion for the first nine months of 2026. The company attributed the increase primarily to higher 2026…
• Ratings PerformanceImportance 54 · Surprise 40
  Ratings revenue increased 11% to $3.912 billion for the nine months ended September 30, 2026, including transaction revenue growth of 13% to $2.135 billion and non-transaction revenue growth of 8% to $1.777 billion.…
• Remaining Performance ObligationsImportance 50 · Surprise 24
  S&P Global reported $6.0 billion of remaining performance obligations as of September 30, 2026, representing contracted work not yet performed. The filing expects to recognize approximately half and three-quarters of…
• Market Intelligence PerformanceImportance 49 · Surprise 32
  Market Intelligence revenue increased 7% in both the three and nine months ended September 30, 2026, to $1.263 billion and $3.723 billion, respectively. Subscription revenue increased 6% in both periods, driven by…
• Revenue Performance and MixImportance 49 · Surprise 32
  For the nine months ended September 30, 2026, continuing-operations revenue increased 9% to $11.074 billion from $10.117 billion; third-quarter revenue rose 7% to $3.678 billion from $3.443 billion. Nine-month growth…
• ESG and SustainabilityImportance 40 · Surprise 42
  S&P Global’s sustainability-linked senior notes due 2029 carry an interest-rate increase beginning March 1, 2026. The rate rose by 25 basis points (0.25%) under the notes’ indenture. Separately, emissions performance…
• Market Demand TrendsImportance 38 · Surprise 24
  For the three months ended September 30, 2026, revenue increased across all four reportable segments: Ratings, Indices, Energy and Market Intelligence. Ratings benefited from strong investment-grade corporate bond…
• Agusto & Company ExpansionImportance 34 · Surprise 42
  On July 28, 2026, S&P Global announced an agreement to acquire a majority stake in Agusto & Co., a Pan-African rating agency operating in Nigeria, Kenya, Rwanda, and Ghana. The investment is intended to support the…
• Data Center Intelligence AcquisitionImportance 34 · Surprise 42
  S&P Global completed its acquisition of datacenterHawk on September 1, 2026, combining its data-center, fiber and infrastructure intelligence with Energy’s power-market coverage and 451 Research forecasting; the…
• OpenZeppelin AcquisitionImportance 31 · Surprise 42
  S&P Global completed its acquisition of OpenZeppelin on October 26, 2026. The acquisition adds expertise in onchain ecosystem development and complements the company’s risk assessment capabilities in digital asset…
• Liquidity and Cash PositionImportance 31 · Surprise 6
  Cash, cash equivalents and restricted cash were $2.441 billion as of September 30, 2026, an increase of $734 million from year-end 2025. The company had $700 million of commercial paper outstanding at September 30,…
• Geographic Market CommentaryImportance 30 · Surprise 40
  Market Intelligence U.S. revenue increased 11% in the third quarter and 9% in the first nine months of 2026. International revenue increased 1% in the third quarter and 4% for the first nine months. The reported…
• Interest Expense IncreaseImportance 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…
• Income Tax Rate ChangesImportance 30 · Surprise 40
  The effective income tax rate was 24.9% for the third quarter of 2026, compared with 21.1% in the third quarter of 2025. For the first nine months, the rate was 22.7% in 2026 versus 21.5% in 2025. The filing attributes…
• Energy Market Demand TrendsImportance 25 · Surprise 32
  Energy revenue increased 6% in the third quarter and 5% for the first nine months of 2026, supported by continued demand for market data and market insights products. Expanded offerings to existing customers under…

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