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SPGI · Q2 2026

S&P Global Inc.

Reported 2026-07-28
BEAT
51EarnIQ signal
↗

Confidence rising

Mild quarter-over-quarter shift

Strong revenue growth and successful Mobility spin-off position S&P Global for accelerated long-term shareholder value creation.

  • ✓Guidance was none, with high specificity.
  • ✓Management tone registered as confident (85/100).
  • ✓EarnIQ detected 0 potential management deflections.
Headline–confidence gap

Headline confirmed

Management confidence reinforces the reported beat.

EPS: reported vs expected-0.5%$4.83 vs $4.85
Revenue: reported vs expected-6.4%$3.7B vs $3.9B
Guidance specificityHighChange not comparable
Market expectations supplied by Finnhub · Reported vs consensus estimate

We delivered another strong quarter, with record results in two of our benchmark businesses - Ratings and Indices - and we successfully launched Mobility Global on July 1.

Premium intelligence

The evidence behind the signal

Full report
Management language

Why confidence moved

“We delivered another strong quarter, with record results in two of our benchmark businesses - Ratings and Indices - and we successfully launched Mobility Global on July 1, as an independent, public company.”
“Post spin, we have a sharper focus on our four core divisions, having also made organizational changes in Market Intelligence and combined our supply chain products within our Energy division.”
“All of this, along with the dedication and talent of our employees, positions us well for increasingly profitable long-term growth.”
Guidance specificity
90/100

High specificity

Full-year 2026 guidance calls for revenue growth of 5.9% to 7.9% and diluted EPS of $16.35 to $16.60 (GAAP) and $17.50 to $17.75 (Adjusted).

Pressure point
!

Foreign exchange volatility and potential

0 potential deflections detected in management communication.

Narrative break

What changed

Sharper focus on four core divisions post-spin-off, coupled with rapid adoption and expansion of AI solutions.

Q&A evidence

Management responses

No material Q&A deflections were detected.

Key positives
  • Strong pro forma revenue growth of 11% to $3.678 billion year-over-year.
  • Significant share repurchase activity with $1.5 billion repurchased year-to-date and an increased full-year target of over $7 billion.
  • Record quarterly results and margin expansion in benchmark divisions Ratings and Indices.
Key risks
  • Foreign exchange volatility and potential currency headwinds affecting international revenues.
  • Macroeconomic uncertainties impacting debt issuance volumes and Ratings performance.
  • Integration risks and operational execution following the spin-off of Mobility Global and internal reorganization.
Topic velocity

Language versus prior quarter

M&ANew
CostNew
ChinaNew
MarginNew
RecordNew
iPhoneNew
Signal composition

What drove the EarnIQ score

Tone+20
Eps Beat+0
Guidance+15
New Signal+8
Miss Penalty+0
Qoq Improvement+8
Deflection Penalty+0