S&P Global dokončila prodej svého portfolia softwaru pro geovědy a ropné inženýrství společnosti Schlumberger (SLB). Firma zároveň dál bude distribuovat svá data prostřednictvím těchto nástrojů.
, /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the completion of the divestment of its geoscience and petroleum engineering software portfolio to Schlumberger (SLB), a global technology company driving energy innovation across more than 100 countries.
As part of the transaction, S&P Global Energy will continue to distribute its leading proprietary data through the divested geoscience and petroleum engineering workflow tools.
"With this transaction complete, S&P Global Energy's upstream business will remain sharply focused on delivering world-class data and insights to global energy markets," said Dave Ernsberger, President, S&P Global Energy. "Our strategic alliance with SLB means our customers can continue to access S&P Global Energy data through the tools they use every day, and the launch of Titan, our AI-powered upstream data platform, will set a new standard for how the industry discovers, analyzes, and acts on data."
The transaction, originally announced in April 2026, establishes a strategic alliance that ensures customers will continue to benefit from S&P Global Energy's comprehensive data and insights within the workflows they rely on daily.
Financial terms of the transaction were not disclosed, and the divestiture is not expected to have a material impact on the financial results of S&P Global, or the Energy division.
Media Contacts:
Josh Goldstein
S&P Global Energy
+1 954-254-4900
[email protected]
Orla O'Brien
S&P Global
+1 857-407-8559
[email protected]
About S&P Global
S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively and thrive in a rapidly changing global landscape.
From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world's leading organizations to unlock opportunities, solve challenges and plan for tomorrow – today. Learn more at www.spglobal.com.
About S&P Global Energy
At S&P Global Energy (formerly S&P Global Commodity Insights), our comprehensive view of global energy and commodities markets enables our customers to make superior decisions and create long-term, sustainable value. Our four core capabilities are: Platts for pricing and news; CERA for research and advisory; Horizons for energy expansion and sustainability solutions; and Events for industry collaboration. S&P Global Energy is a division of S&P Global (NYSE: SPGI). Learn more at www.spglobal.com/energy.
About SLB
SLB is a global technology company that has driven energy innovation for 100 years. With a global presence in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition.
Forward-Looking Statements
This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this press release and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would." For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the Company's business strategies and methods of generating revenue; the development and performance of the Company's services and products; the expected impact of acquisitions and dispositions; the Company's effective tax rates; and the Company's cost structure, dividend policy, cash flows or liquidity.
Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things:
worldwide economic, financial, political, regulatory, and geopolitical conditions (including slower GDP growth or recession, restrictions on trade (e.g., tariffs and disruptions to shipping in connection with the military conflict in the Middle East), instability in the banking sector and inflation), and factors that contribute to uncertainty and volatility (e.g., supply chain risk), geopolitical uncertainty (including military conflict), natural and man-made disasters, civil unrest, public health crises (e.g., pandemics), and conditions that result from legislative, regulatory, trade and policy changes, including from the U.S. administration; the volatility and health of debt, equity, commodities and energy markets, including credit quality and spreads, the composition and mix of credit maturity profiles, the level of liquidity and future debt issuances, equity flows from active to passive, fluctuations in average asset prices in global equities, demand for investment products that track indices and assessments and trading volumes of certain exchange traded derivatives; the demand and market for credit ratings in and across the sectors and geographies where the Company operates; the Company's ability to maintain adequate physical, technical and administrative safeguards to protect the security of confidential information and data, or protect against a system or network disruption that results in regulatory penalties and remedial costs or improper disclosure of confidential information or data; the outcome of litigation, government and regulatory proceedings, investigations and inquiries; concerns in the marketplace affecting the Company's credibility or otherwise affecting market perceptions of the integrity or utility of independent credit ratings, benchmarks, indices and other services; the level of merger and acquisition activity in the United States and abroad; the level of the Company's future cash flows and capital investments; the effect of competitive products (including those incorporating artificial intelligence ("AI")) and pricing, including the level of success of new product developments and global expansion; the impact of customer cost-cutting pressures; a decline in the demand for our products and services by our customers and other market participants; our ability to develop new products or technologies, to integrate our products with new technologies (e.g., AI), or to compete with new products or technologies offered by new or existing competitors; the introduction of competing products (including those developed by AI) or technologies by other companies; our ability to protect our intellectual property from unauthorized use and infringement, including by others using AI technologies, and to operate our business without violating third-party intellectual property rights, including through our own use of AI in our products and services; our ability to attract, incentivize and retain key employees, especially in a competitive business environment; our ability to successfully navigate key organizational changes; the continuously evolving regulatory environment in Europe, the United States and elsewhere around the globe affecting each of our businesses and the products they offer, and our compliance therewith; the Company's exposure to potential criminal sanctions or civil penalties for noncompliance with foreign and U.S. laws and regulations that are applicable in the jurisdictions in which it operates, including sanctions laws relating to countries such as Iran, Russia and Venezuela, anti-corruption laws such as the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of 2010, and local laws prohibiting corrupt payments to government officials, as well as import and export restrictions; the Company's ability to make acquisitions and dispositions and successfully integrate the businesses we acquire; consolidation of the Company's customers, suppliers or competitors; the ability of the Company, and its third-party service providers, to maintain adequate physical and technological infrastructure; the Company's ability to successfully recover from a disaster or other business continuity problem, such as an earthquake, hurricane, flood, civil unrest, protests, military conflict, terrorist attack, outbreak of pandemic or contagious diseases, security breach, cyber attack, data breach, power loss, telecommunications failure or other natural or man-made event; the impact on the Company's revenue and net income caused by fluctuations in foreign currency exchange rates; the impact of changes in applicable tax or accounting requirements on the Company; the ability of the separation of Mobility Global to qualify for tax-free treatment for U.S. federal income tax purposes; any disruption to the Company's business in connection with the separation of Mobility Global; and any loss of synergies from separating the businesses of Mobility Global and the Company that adversely impact the results of operations of both businesses, or the companies resulting from the separation of Mobility Global not realizing all of the expected benefits of the separation. The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company's businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company's filings with the SEC, including Item 1A, Risk Factors in our most recently filed Annual Report on Form 10-K.
S&P Global dokončila akvizici datacenterHawk a zařadila ji pod S&P Global Energy. Spojená platforma má posílit data o datových centrech, elektřině a infrastruktuře.
Enhances S&P Global Energy's global data center, power, and infrastructure intelligence
, /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the completion of its acquisition of datacenterHawk, a leading provider of proprietary intelligence for global data center, fiber optic, and related infrastructure markets.
datacenterHawk is now part of S&P Global Energy, combining its asset-level intelligence on data center supply, demand, pricing, pipelines, and site selection – including its FiberLocator platform – with S&P Global Energy's comprehensive coverage of global power markets across grid infrastructure intelligence, supply and demand forecasting, and leading datacenter forecasting, market outlooks, and technology intelligence from 451 Research.
"Completing this acquisition marks a meaningful step forward in how we serve global energy and infrastructure markets," said Dave Ernsberger, President, S&P Global Energy. "AI is transforming the physical infrastructure and energy systems that underpin the global economy, and our customers need real-time, actionable intelligence that connects all of it – data centers, power grids, compute, and connectivity. datacenterHawk's asset-level data, combined with S&P Global Energy's forecasting capabilities and 451 Research insights, creates the most comprehensive view in the market, and we're excited to start delivering that to customers today."
The combined platform provides customers with enhanced transparency and insight into data centers, emerging capacity, and the evolving AI infrastructure ecosystem with real-time intelligence for investment, site selection, and strategic planning.
The transaction, originally announced in July 2026, further strengthens S&P Global Energy's position as an industry leader in connecting data center, power and infrastructure markets with advanced intelligence and technology.
Financial terms of the transaction were not disclosed and the acquisition is not expected to have a material impact on the financial results of S&P Global, or the Energy division.
Media Contacts
Josh Goldstein
S&P Global Energy
+1 954-254-4900
[email protected]
Orla O'Brien
S&P Global
+1 857-407-8559
[email protected]
About S&P Global
S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively and thrive in a rapidly changing global landscape.
From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world's leading organizations to unlock opportunities, solve challenges and plan for tomorrow – today. Learn more at www.spglobal.com.
About S&P Global Energy
At S&P Global Energy, our comprehensive view of global energy and commodities markets enables our customers to make superior decisions and create long-term, sustainable value. Our four core capabilities are: Platts for pricing and news; CERA for research and advisory; Horizons for energy expansion and sustainability solutions; and Events for industry collaboration. S&P Global Energy is a division of S&P Global (NYSE: SPGI). Learn more at www.spglobal.com/energy.
Forward-Looking Statements: This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this press release and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would." For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the Company's business strategies and methods of generating revenue; the development and performance of the Company's services and products; the expected impact of acquisitions and dispositions; the Company's effective tax rates; and the Company's cost structure, dividend policy, cash flows or liquidity.
Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things:
worldwide economic, financial, political, regulatory, and geopolitical conditions (including slower GDP growth or recession, restrictions on trade (e.g., tariffs and disruptions to shipping in connection with the military conflict in the Middle East), instability in the banking sector and inflation), and factors that contribute to uncertainty and volatility (e.g., supply chain risk), geopolitical uncertainty (including military conflict), natural and man-made disasters, civil unrest, public health crises (e.g., pandemics), and conditions that result from legislative, regulatory, trade and policy changes, including from the U.S. administration; the volatility and health of debt, equity, commodities and energy markets, including credit quality and spreads, the composition and mix of credit maturity profiles, the level of liquidity and future debt issuances, equity flows from active to passive, fluctuations in average asset prices in global equities, demand for investment products that track indices and assessments and trading volumes of certain exchange traded derivatives; the demand and market for credit ratings in and across the sectors and geographies where the Company operates; the Company's ability to maintain adequate physical, technical and administrative safeguards to protect the security of confidential information and data, or protect against a system or network disruption that results in regulatory penalties and remedial costs or improper disclosure of confidential information or data; the outcome of litigation, government and regulatory proceedings, investigations and inquiries; concerns in the marketplace affecting the Company's credibility or otherwise affecting market perceptions of the integrity or utility of independent credit ratings, benchmarks, indices and other services; the level of merger and acquisition activity in the United States and abroad; the level of the Company's future cash flows and capital investments; the effect of competitive products (including those incorporating artificial intelligence ("AI")) and pricing, including the level of success of new product developments and global expansion; the impact of customer cost-cutting pressures; a decline in the demand for our products and services by our customers and other market participants; our ability to develop new products or technologies, to integrate our products with new technologies (e.g., AI), or to compete with new products or technologies offered by new or existing competitors; the introduction of competing products (including those developed by AI) or technologies by other companies; our ability to protect our intellectual property from unauthorized use and infringement, including by others using AI technologies, and to operate our business without violating third-party intellectual property rights, including through our own use of AI in our products and services; our ability to attract, incentivize and retain key employees, especially in a competitive business environment; our ability to successfully navigate key organizational changes; the continuously evolving regulatory environment in Europe, the United States and elsewhere around the globe affecting each of our businesses and the products they offer, and our compliance therewith; the Company's exposure to potential criminal sanctions or civil penalties for noncompliance with foreign and U.S. laws and regulations that are applicable in the jurisdictions in which it operates, including sanctions laws relating to countries such as Iran, Russia and Venezuela, anti-corruption laws such as the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of 2010, and local laws prohibiting corrupt payments to government officials, as well as import and export restrictions; the Company's ability to make acquisitions and dispositions and successfully integrate the businesses we acquire; consolidation of the Company's customers, suppliers or competitors; the ability of the Company, and its third-party service providers, to maintain adequate physical and technological infrastructure; the Company's ability to successfully recover from a disaster or other business continuity problem, such as an earthquake, hurricane, flood, civil unrest, protests, military conflict, terrorist attack, outbreak of pandemic or contagious diseases, security breach, cyber attack, data breach, power loss, telecommunications failure or other natural or man-made event; the impact on the Company's revenue and net income caused by fluctuations in foreign currency exchange rates; the impact of changes in applicable tax or accounting requirements on the Company; the ability of the separation of Mobility Global to qualify for tax-free treatment for U.S. federal income tax purposes; any disruption to the Company's business in connection with the separation of Mobility Global; and any loss of synergies from separating the businesses of Mobility Global and the Company that adversely impact the results of operations of both businesses, or the companies resulting from the separation of Mobility Global not realizing all of the expected benefits of the separation. The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company's businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company's filings with the SEC, including Item 1A, Risk Factors in our most recently filed Annual Report on Form 10-K.
S&P Global ve 2. čtvrtletí zvýšil upravený zisk na akcii na 4,83 USD a tržby na 3,68 miliardy USD, obojí nad odhady. Firma zároveň očekává v roce 2026 růst tržeb o 5,9–7,9 % bez Mobility.
It has been about a month since the last earnings report for S&P Global (SPGI - Free Report) . Shares have added about 4% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is S&P Global due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for S&P Global Inc. before we dive into how investors and analysts have reacted as of late.
S&P Global Beats on Q2 EarningsS&P Global reported impressive -quarter 2026 results, with both earnings and revenues beating the Zacks Consensus Estimate.
The company's second-quarter 2026 adjusted earnings were $4.83 per share, rising 23% year over year and beating the Zacks Consensus Estimate of $4.49 by 7.6%. Pro-forma revenues of $3.68 billion increased 11% and surpassed the consensus mark of $3.64 billion by 0.8%.
The performance was led by record results in Ratings and Indices. Global rated issuance strengthened sharply, with volumes rising 26% in the United States, 12% in Europe and 49% in Asia.
SPGI's Ratings Business Sets the PaceRatings revenues increased 17% year over year to $1.34 billion. Transaction revenues climbed 25% to $746 million, driven by higher debt-rating activity, while non-transaction revenues rose 8% to $593 million.
Adjusted operating profit advanced 22% to $917 million. The adjusted operating margin expanded 310 basis points to 68.5%, as revenue growth outpaced a 6% increase in adjusted expenses. Higher compensation and continued investments in strategic initiatives contributed to the expense increase.
S&P Global's Indices Extend Strong GrowthIndices revenues jumped 20% year over year to $534 million. Growth reflected higher asset-linked fees, supported by increased assets under management and strong trading volumes in exchange-traded derivatives.
Asset-linked fees rose 22% to $348 million, while sales usage-based royalties also increased 22% to $99 million. Adjusted operating profit grew 21% to $382 million, and the adjusted operating margin improved 90 basis points to 71.5%.
Recurring revenues represented 81.5% of segment revenues compared with 81.9% a year earlier. Adjusted expenses increased 16% due primarily to strategic growth investments and higher compensation costs.
SPGI's Energy Growth Remains MeasuredAdjusted Energy revenues were $623 million, up 3% year over year. Mid-single-digit growth in Platts, supported by demand for price assessments, was partly offset by muted Global Trading Services volumes and comparatively slower growth in CERA.
Recurring revenues accounted for 91.2% of the division’s total, increasing 90 basis points from the prior-year quarter. Adjusted operating profit rose 4% to $296 million, while the adjusted operating margin expanded 70 basis points to 47.5%.
Adjusted expenses increased 1%. Higher compensation and investments in growth initiatives were partly offset by productivity measures, helping profit growth remain ahead of the segment’s top-line increase.
S&P Global's Market Intelligence Margin RisesAdjusted Market Intelligence revenues increased 6% to $1.24 billion. High-single-digit growth in Kensho Data & Platforms, including contributions from With Intelligence, supported the results. Enterprise Solutions delivered low-single-digit growth, including the impacts of the Enterprise Data Management and thinkFolio divestitures.
Recurring revenues represented 97% of the segment’s total, up 20 basis points. Adjusted operating profit climbed 10% to $445 million, and the adjusted operating margin expanded 120 basis points to 36%.
Adjusted expenses increased 4%, reflecting With Intelligence costs and higher compensation. The divestitures and productivity savings partly offset those pressures.
SPGI's Profitability & Cash Flow StrengthenPro-forma non-GAAP adjusted operating profit increased 15% year over year to $2 billion. Adjusted expenses rose 6% to $1.68 billion, allowing the adjusted operating margin to expand 200 basis points to 54.3%.
Adjusted net income increased 19% to $1.43 billion. The adjusted effective tax rate declined to 19.8% from 23.3%, while a 3% reduction in diluted shares outstanding also supported per-share growth. Currency added 3 cents to adjusted earnings.
Cash provided by operating activities was $1.44 billion. The adjusted free cash flow, excluding certain items, totaled $1.37 billion, up 1%. The company paid out $287 million in dividends during the quarter.
S&P Global's Capital Returns Remain ActiveSPGI repurchased $500 million in shares in the second quarter, bringing year-to-date repurchases to $1.5 billion. Management expects total 2026 share repurchases to exceed $7 billion following the Mobility separation.
Cash, cash equivalents and restricted cash stood at $4.14 billion at the quarter-end. Short- and long-term debt, excluding $2 billion in bonds transferred to Mobility Global, was $13.17 billion. Adjusted net debt was 1.9 times adjusted EBITDA.
SPGI's Outlook Reflects Post-Spin Business MixS&P Global expects 2026 year-over-year reported revenue growth of 5.9-7.9% excluding Mobility, while the preceding quarter’s Mobility-included figure was 6.3-8.3%. Organic constant-currency revenue growth is projected at 6-8%, with adjusted operating margin expansion of 35-60 basis points (bps) while the first quarter 2026 (Mobility included) view was 10-35 bps.
Adjusted diluted earnings are expected to be between $17.5 and $17.75, while the preceding quarter’s (Mobility included) view was $19.4-$19.65. The company projects adjusted corporate unallocated expenses are expected to be $185-$195 million. The preceding quarter’s (Mobility included) view was $220-$230 million.
Management reduced net interest expense expectations to $390-$410 million from the $405-$415 million (Mobility included) reported in the preceding quarter. Capital expenditure of $190-$210 million is lowered from the preceding quarter’s (Mobility included) $215-$225 million.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates revision.
The consensus estimate has shifted -6.25% due to these changes.
VGM ScoresAt this time, S&P Global has a subpar Growth Score of D, a score with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise S&P Global has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry PlayerS&P Global is part of the Zacks Securities and Exchanges industry. Over the past month, Nasdaq (NDAQ - Free Report) , a stock from the same industry, has gained 4.1%. The company reported its results for the quarter ended June 2026 more than a month ago.
Nasdaq reported revenues of $1.5 billion in the last reported quarter, representing a year-over-year change of +14.9%. EPS of $1.07 for the same period compares with $0.85 a year ago.
For the current quarter, Nasdaq is expected to post earnings of $1.02 per share, indicating a change of +15.9% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.4% over the last 30 days.
Nasdaq has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F.
Pershing Square ve 2. čtvrtletí nakoupil Visa, Mastercard a S&P Global za zhruba 3,3 miliardy USD. Tři pozice tvořily asi 17 % amerického akciového portfolia fondu.
Bill Ackman doesn't buy much. Pershing Square (PS +0.12%) runs one of the most concentrated portfolios in fund management (just 14 companies as of June 30), and new names show up rarely.
So a quarter in which the fund opened three positions of about $1.1 billion each is unusual. That's what Pershing Square's latest 13F filing, which landed in mid-August, revealed. The fund bought Visa (V +0.51%), Mastercard (MA +0.60%), and S&P Global (SPGI +1.72%) during the second quarter -- three stakes worth about $3.3 billion at quarter-end.
And the three purchases share one trait. Each company collects a small fee on transactions it doesn't originate, fund, or take risk on.
Together, the trio accounted for about 17% of Pershing Square's $19.5 billion U.S. stock portfolio. At quarter-end, that was a bigger allocation than any single position Ackman held, and it's the most telling thing in the filing, in my view.
Image source: Getty Images.
A $3.3 billion clusterThe sizing looks deliberate. Visa came in at about $1.1 billion, or 5.8% of the portfolio. Mastercard was about $1.1 billion, at 5.6%. And S&P Global was about $1.1 billion, or 5.4%.
The filing also shows Pershing Square sold out of Alphabet, a smaller position worth about $99 million at the end of March.
It also reported roughly a quarter fewer Amazon shares than it held three months earlier, though Amazon remains a top-five holding even after the trim. And the fund returned to Netflix with a stake of about $934 million, four years after selling its previous position.
For scale, the largest single holding in the filing, Uber Technologies, represented about 13% of the portfolio. The new trio, taken together, was bigger.
None of them takes the credit riskVisa and Mastercard run the rails that move money between a shopper's bank and a merchant's bank, and they keep a small fee from nearly every swipe. Capturing the sheer scale of those rails, Visa processed 71.7 billion individual transactions in its fiscal third quarter (the period ended June 30), up 10% year over year, with payments volume growing 10% on a constant-dollar basis. All of that swiping converted into $11.6 billion of net revenue, up 14%, at an operating margin near 60%. And Mastercard's second-quarter gross dollar volume rose 8% on a local-currency basis to $2.9 trillion, with net revenue also up 14%.
Notably, neither company carries the loans behind those purchases. The banks that issue the cards take the credit losses. The networks collect their fee either way.
Premium Feature
Moneyball Superscore
87/100
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0.51
%) $
1.94
Current Price
$
381.60
S&P Global runs the same model on different rails. When a company issues debt, it pays S&P for a credit rating -- a toll on somebody else's borrowing. S&P Global's ratings revenue rose 17% year over year in the second quarter, to $1.34 billion, with the transaction piece (fees for rating newly issued debt and bank loans) up 25%. And when investors buy index funds, the fund managers pay licensing fees, too. The company's indices revenue rose 20% during the quarter, including 22% growth in fees tied to the assets sitting in funds that track its indexes.
In other words, all three get paid on activity they don't have to create. The volume comes from everyone else.
Premium Feature
Moneyball Superscore
80/100
Today's Change
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1.72
%) $
7.50
Current Price
$
442.89
The bet is durability, not priceThe through-line, arguably, is staying power. Fee collectors like these grow with total spending, borrowing, and investing rather than with any single product cycle, and they do it with little capital at risk. A recession can slow the volumes. It's much harder to stop using the networks entirely. And the model throws off cash: Visa alone returned $6.2 billion to shareholders through buybacks and dividends last quarter.
Of course, durability like that rarely comes cheap. Visa trades within about 1% of its 52-week high as of this writing, at a forward price-to-earnings ratio of about 26.
That's a premium price for a business the market already knows is excellent, and a starting valuation like that could cap near-term returns. The same goes for Mastercard. S&P Global is the exception, trading about 20% below its own 52-week high.
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Moneyball Superscore
89/100
Today's Change
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0.60
%) $
3.57
Current Price
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595.30
Sure, none of the three is a bargain. But I don't think Ackman was hunting for bargains.
About a sixth of the portfolio ended the quarter in companies that get paid no matter which bank, borrower, or fund manager comes out ahead. After all, that fee gets collected in good markets and bad. I find it easy to see why he wanted all three at once.
Beacon Pointe Advisors LLC ve 2. čtvrtletí koupila nový podíl v S&P Global za zhruba 9,5 milionu USD. Firma zároveň oznámila čtvrtletní dividendu ve výši 0,97 USD na akcii.
Beacon Pointe Advisors LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 23,340 shares of the business services provider’s stock, valued at approximately $9,505,000.
Several other large investors have also recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of S&P Global during the 2nd quarter worth $834,000. Rakuten Investment Management Inc. acquired a new position in shares of S&P Global during the 2nd quarter worth $20,260,000. Glenview Trust Co purchased a new position in shares of S&P Global in the 2nd quarter valued at about $5,721,000. North Star Asset Management Inc. purchased a new position in shares of S&P Global in the 2nd quarter valued at about $6,790,000. Finally, Empowered Funds LLC acquired a new stake in shares of S&P Global in the second quarter valued at about $13,927,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.
Analyst Ratings Changes Several research analysts have weighed in on the stock. Bank of America lowered their target price on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research report on Saturday, July 4th. Morgan Stanley decreased their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lowered their price target on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Finally, Barclays dropped their price objective on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $523.59.
Read Our Latest Stock Report on S&P Global S&P Global Stock Up 1.7% Shares of S&P Global stock opened at $442.62 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25. The stock has a market cap of $130.48 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average price of $424.57 and a 200 day moving average price of $424.29.
S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company posted $4.43 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.
S&P Global Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is 23.69%.
S&P Global Company Profile (Free Report)
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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SPGI ve 2. čtvrtletí zvýšila upravený EPS o 23 % na 4,83 USD a provozní marži rozšířila o 200 bazických bodů na 54,3 %. Akcie ale dál brzdí vysoké ocenění a pokles odhadů zisku pro rok 2026 o 4,5 % za poslední čtyři týdny.
Key Takeaways SPGI's Q2 adjusted EPS rose 23% y/y to $4.83 as operating margin expanded 200 basis points to 54.3%.S&P Global trades at 22.3X forward earnings, above its sub-industry's 21X and the S&P 500's 20.6X.SPGI's 2026 earnings estimate fell 4.5% y/y in four weeks, while Market Intelligence faces execution risk. S&P Global Inc. (SPGI - Free Report) is showing stronger profitability after the Mobility spin-off, supported by recurring revenues, benchmark strength and productivity gains. Those positives improve the long-term earnings case.
The near-term setup is less clean. A premium valuation, falling earnings estimates, elevated obligations and a Market Intelligence reset argue for patience until the risk-reward becomes more favorable.
SPGI's Q2 Profit Growth Strengthens the Bull CaseAdjusted earnings in the second quarter of 2026 rose 23% to $4.83 per share and beat the Zacks Consensus Estimate by 7.6%. Pro forma revenues increased 11% year over year, while recurring revenues advanced 8%.
Adjusted operating profit climbed 15%, and adjusted operating margin expanded 200 basis points to 54.3%. That leverage shows SPGI can convert revenue growth and productivity into faster profit growth.
S&P Global Still Trades at a PremiumSPGI trades at 22.3X forward 12-month earnings, above the 21X Securities and Exchanges sub-industry multiple and the S&P 500's 20.3X. The multiple is below SPGI's five-year median of 28.4X, but the relative premium still leaves less room for execution misses.
Image Source: Zacks Investment Research
Image Source: Zacks Investment Research
Intercontinental Exchange, Inc. (ICE - Free Report) reported 8% growth in fixed-income and data-services revenues in the second quarter of 2026, with recurring revenues in that segment up 10%. Nasdaq, Inc. (NDAQ - Free Report) posted 15% net-revenue growth and 11% growth in annualized recurring revenue, showing healthy peer growth across capital-markets data and infrastructure.
SPGI Faces Liquidity and Execution PressureAt June 30, current liabilities of $9.13 billion exceeded current assets of $8.71 billion. Short-term debt rose to $2.57 billion and long-term debt reached $12.60 billion, although cash increased to $4.13 billion and management expects cash, operating cash flow and credit availability to cover foreseeable recurring needs.
Market Intelligence adds execution risk. Its larger Platforms operation is growing only in the low single digits organically, while management is consolidating technology, simplifying operations and redirecting investment toward faster-growing data and AI opportunities. The payoff depends on disciplined execution without disrupting customer value.
S&P Global's 2027 Estimates Offer a Growth ResetThe Zacks Consensus Estimate calls for 2027 revenues of $15.63 billion and earnings of $20.25 per share. Those figures point to renewed growth beyond 2026 and provide a path for the stock to grow into its valuation.
The revision trend remains the near-term test. The Zacks Consensus Estimate for 2026 earnings has fallen 4.5% over the past four weeks and 9.5% over 12 weeks, so stabilization or upward revisions would strengthen the case that expectations have reset sufficiently.
SPGI Buybacks Add Per-Share SupportManagement raised its 2026 share-repurchase target to more than $7 billion after buying back $1.5 billion in the first half. A lower share count can amplify earnings growth if operating performance remains solid.
SPGI also maintains a quarterly dividend of 97 cents per share. Capital returns are supportive, but their durability still rests on cash generation as the company balances repurchases, investment and an elevated debt load.
SPGI's Signals Still Favor CautionFor now, the evidence favors waiting rather than buying SPGI at the current setup. Margin expansion, recurring revenues and 2027 growth expectations are constructive, but valuation, estimate revisions and Market Intelligence execution leave limited room for disappointment.
The stock currently carries a Zacks Rank #4 (Sell), which reflects an unfavorable near-term earnings-estimate revision backdrop.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
SPGI’s VGM Score of D, Value Score of D and Growth Score of D reinforce the weaker valuation and growth setup. A Momentum Score of B is a relatively bright spot, but the Zacks Rank remains the primary timing signal and supports a cautious stance.
S&P Global dokončil spin-off Mobility Global a zúžil portfolio na čtyři divize. Ve 2. čtvrtletí počet zákazníků s AI-ready daty přesáhl 500, což bylo o více než 70 % více mezikvartálně.
Key Takeaways SPGI completed the Mobility spin-off, leaving four core divisions focused on ratings, data and benchmarks.SPGI's AI-ready data customers topped 500 in Q2, up more than 70% sequentially as call volume surged.S&P Global has achieved nearly 60% of its $100M savings target as it resets Market Intelligence. S&P Global Inc. (SPGI - Free Report) completed the Mobility Global spin-off on July 1, leaving a four-division portfolio centered on ratings, benchmarks, data and analytics. The company is also expanding its use of artificial intelligence across products and internal operations.
The opportunity is greater operating focus and margin leverage. The test is whether AI adoption, productivity savings and the Market Intelligence reset can translate into sustained profitable growth.
S&P Global Emerges With Four Core DivisionsS&P Global now operates through Ratings, Market Intelligence, Energy and Indices. The separation removes Mobility from the operating mix and concentrates the company on capital-markets services, benchmark products and proprietary information.
The second quarter offered an early view of that model. Pro forma revenues increased 11%, while adjusted operating profit rose 15% and adjusted operating margin expanded 200 basis points to 54.3%.
SPGI's Revenue Mix Now Leans on Ratings and DataOn a trailing 12-month pro forma basis, Ratings accounted for 35% of divisional revenues and Market Intelligence represented 33%. Energy contributed 18% and Indices 14%, making Ratings and data-oriented operations the largest parts of the post-spin mix.
Moody's Corporation (MCO - Free Report) combines credit ratings with data and analytics, while MSCI Inc. (MSCI - Free Report) provides indexes, analytics and data. Those overlaps show why recurring information products and benchmark franchises remain central to SPGI's competitive position.
SPGI's AI Adoption Is Scaling FastCustomers using SPGI's large language model-ready data interfaces and related connected solutions exceeded 500 in the second quarter, up more than 70% sequentially. Call volume for those interfaces was more than five times the first-quarter level.
Customers are also becoming more rigorous about token costs and returns on AI spending. That raises the bar for SPGI to turn rapid adoption into durable revenue growth.
S&P Global Targets Savings to Fund InvestmentThe Enterprise Data Organization has achieved nearly 60% of its targeted $100 million in annualized savings through AI-driven efficiencies and traditional productivity measures. The full target is expected before the end of 2027.
Management plans to fund much of Market Intelligence's investment through productivity and AI-related savings. That approach ties technology adoption directly to the division's margin strategy.
SPGI's Post-Spin Guidance Sets the Margin TestFor 2026, management expects organic constant-currency revenue growth of 6% to 8%. Adjusted operating margin is projected to expand 35 to 60 basis points, or 75 to 100 basis points excluding OSTTRA.
Ratings and Indices have the highest incremental margins across the four divisions. SPGI is reinvesting some operating upside; however, expense discipline remains important to further leverage.
S&P Global's Market Intelligence Reset Adds RiskMarket Intelligence has new leadership and a revised structure built around Kensho Data & Platforms and Enterprise Solutions. Kensho Data is growing in the high single-digit to low double-digit range organically, while the larger Platforms component is growing in the low single digits.
Management plans to consolidate redundant platforms, unify technology infrastructure and simplify operations. Slower execution could leave mature platforms weighing on growth while investment continues.
SPGI's Mixed Signals Keep Execution in FocusThe Mobility spin and growing AI usage give SPGI a clearer route to higher-margin growth, but the benefits still depend on delivery. Margin expansion, Market Intelligence simplification and AI monetization remain the key operating tests.
SPGI currently carries a Zacks Rank #4 (Sell), which points to unfavorable near-term earnings estimate revision trends.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
S&P Global’s VGM Score of D, Value Score of D and Growth Score of D are weak readings, while the Momentum Score of B is relatively positive. The Style Scores complement the Zacks Rank, so the stronger Momentum reading does not override the weaker primary signal.
Himalaya Capital Li Lu snížila podíl v Bank of America zhruba o 71 % a přesunula peníze do Moody’s, S&P Global a MSCI. Tím sází na společnosti, které vydělávají na ratingu a indexech, ne na úvěrovém riziku.
Li Lu’s Himalaya Capital cut its Bank of America (NYSE:BAC | BAC Price Prediction) position by roughly 71% and redeployed the proceeds into the three companies that grade, index, and monitor the credit system itself. Moody’s (NYSE:MCO) was sized at approximately $51.4 million and S&P Global (NYSE:SPGI) at $51.7 million, a gap of about $300,000 that looks like a deliberate paired bet on the ratings duopoly. MSCI rounded out the rotation.
Li Lu is the only outside manager Charlie Munger ever trusted with his family’s money, and Berkshire has owned Moody’s for roughly 25 years. When a Munger disciple sells a big commercial bank to buy the toll operators sitting above it, that signals where durable pricing power lives in financial services.
What Got Sold Bank of America is having a fine year on paper. Q2 2026 EPS of $1.21 beat consensus of $1.12, the fifth straight beat, and the stock is up 13% year to date and 39% over the past year. However, the earnings engine tilts increasingly toward markets and trading, and the balance sheet carries the classic problem.
A 100 basis point drop in rates would cut net interest income by roughly $2.2 billion over the next twelve months. Own a bank, and you own the yield curve and the credit cycle along with it.
What Got Bought Moody’s put up 15.1% revenue growth in Q2 2026 with an adjusted operating margin of 55.3%, and its ratings unit generated a 68.3% operating margin on 25% revenue growth. Moreover, S&P Global posted 17% growth in its Ratings segment with a pro forma 68% operating margin.
MSCI (NYSE:MSCI) delivered Index segment growth of 17.5% with ETF assets linked to its indexes at a record $2.82 trillion. None hold credit risk on a balance sheet. None get told by the Federal Reserve how much capital to reserve against a bad quarter.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Bank of America didn't make the cut. Grab the names FREE today.
The Thesis Rating agencies and index providers do not lend money and do not need regulatory capital buffers. Instead, they charge fees every time debt gets issued or an ETF gets funded, and the AI infrastructure buildout is one of the largest issuance events in a generation. Moody’s Public, Project and Infrastructure Finance revenue rose 38% in Q2 2026, most of it data-center paper. That is the same wave lifting commercial banks, monetized at a fraction of the capital intensity and at margins banks cannot approach. Rob Fauber put it plainly on the July call, saying “Moody’s is well positioned at the intersection of risk, data, analytics and technology.”
S&P Global is down 15.4% year to date, and Moody’s is off 3%, while BAC ran hard. Selling strength to buy weakness in higher-quality businesses is the standard Munger move, and Li Lu is executing it in size.
Should Retail Investors Follow The takeaway is to understand what Li Lu is signaling rather than mirror position sizes at home. Rating agencies and index compounders survive credit cycles while banks participate in them. In addition, buybacks reinforce that discipline. Moody’s raised its 2026 authorization to up to $3 billion, S&P Global lifted its 2026 target above $7 billion, and MSCI has roughly $1.6 billion remaining on its authorization.
Moody’s trades at 29x forward earnings and S&P Global at 22x. Not cheap. But a value investor with a 25-year holding pattern is paying for durability. Worth following the thesis. Copying the trade is optional.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Bank of America didn't make the cut. Grab the names FREE today.
S&P Global ve 2. čtvrtletí zvýšil tržby o 10 % na téměř 4,15 miliardy USD, ale zisk na akcii 4,12 USD zaostal za odhady. Firma zároveň snížila celoroční výhled tržeb i zisku.
It wasn't exactly the result the market had hoped to see from S&P Global (SPGI -0.05%) this week. Although its second-quarter top line grew 10% to nearly $4.15 billion to top analysts' estimates of $4.11 billion, per-share earnings of $4.12 fell short of most consensus estimates. The financial company also dialed back its sales and profit guidance for the full year.
Investors understandably flinched, dragging the stock down by more than a little bit in response. Yet, there may be some confusion surrounding all the numbers S&P Global dropped on Tuesday. Things aren't nearly as bad as the headlines suggest. Here's why.
The rest of the (somewhat confusing) story You know S&P Global, although you know it better as Standard & Poor's -- the company that manages and licenses the S&P 500 index, rates bonds, researches stocks, and sells an array of market data and intelligence.
Image source: Getty Images.
There's one thing it doesn't do anymore, though. That's manage an automotive market data business, including Carfax. It spun off this arm on July 1 as a stand-alone company called Mobility Global (MBGL +2.65%).
And this seems to be a source of confusion. S&P Global reported both its pre- and post-spinoff Q2 results, and did so on a GAAP and non-GAAP basis (with the non-GAAP numbers being more representative of the current condition of the company's business).
As its press release adds, "In the second quarter, adjusted operating profit increased 15% [on pro forma revenue growth of 11%] to $1.998 billion, and adjusted diluted EPS increased 23% to $4.83." Apples-to-apples operating margins also improved, from 52.3% in the second quarter of last year to 54.3% this time around.
In other words, S&P Global is not only doing fine without Mobility Global in the picture, but it's actually doing better -- as was intended and expected. Any second-quarter earnings miss is largely due to neither analysts nor investors knowing exactly what the company's income statement was supposed to look like after its mobility business was removed from the mix.
Now that the reset's done, future results should be more aligned with forecasts. To this end, SPGI stock recovered in the latter part of Tuesday's trading session once investors finally started connecting the dots.
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More good than bad It wasn't all great news. Updated guidance suggests revenue will grow somewhere between 5.9% and 7.9% in 2026. That's down from previous guidance of 6.3% to 8.3%, mostly due to slowing growth from its energy markets information platform, which only saw 3% year-over-year revenue growth last quarter.
As CEO Martina Cheung explains, "The Iran conflict has complicated contract renewals among some very large customers, and we have intentionally chosen to be flexible on price increases and other terms for affected customers during such a challenging time."
Image source: S&P Global Q2 2026 results report.
Even so, there's still arguably more upside than downside within this stock from here. Analysts think so, anyway. Although some of them lowered their price targets following last quarter's results and updated 2026 guidance, most still rate SPGI as a strong buy, with a consensus target of $ 518.17, nearly 28% above the stock's current price. That's not a bad tailwind to plug into here.
S&P Global (SPGI - Free Report) came out with quarterly earnings of $4.83 per share, beating the Zacks Consensus Estimate of $4.49 per share. This compares to earnings of $4.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.57%. A quarter ago, it was expected that this independent ratings and analytics provider would post earnings of $4.82 per share when it actually produced earnings of $4.97, delivering a surprise of +3.11%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
S&P Global, which belongs to the Zacks Securities and Exchanges industry, posted revenues of $3.68 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.84%. This compares to year-ago revenues of $3.76 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
S&P Global shares have lost about 15.8% since the beginning of the year versus the S&P 500's gain of 8.3%.
What's Next for S&P Global?While S&P Global has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for S&P Global was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.66 on $3.68 billion in revenues for the coming quarter and $18.37 on $14.7 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Securities and Exchanges is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, CBOE Global (CBOE - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 31.
This holding company for the Chicago Board Options Exchange is expected to post quarterly earnings of $3.45 per share in its upcoming report, which represents a year-over-year change of +40.2%. The consensus EPS estimate for the quarter has been revised 2.3% higher over the last 30 days to the current level.
CBOE Global's revenues are expected to be $708.54 million, up 20.6% from the year-ago quarter.
S&P Global oznámila definitivní dohodu o koupi datacenterHawk, aby spojila data o datových centrech, energii a infrastruktuře do jedné platformy. Uzavření se očekává ve 2. pololetí 2026.
Unites S&P Global Energy data center, infrastructure and power markets data & insights with datacenterHawk's asset-level intelligence to create a comprehensive and industry-leading platform for critical infrastructure and energy expansion
, /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced it has entered into a definitive agreement to acquire datacenterHawk, a leading provider of proprietary intelligence for the global data center, fiber optic and related infrastructure markets.
The acquisition will bring together leading data center forecasting, market outlooks and technology intelligence from 451 Research, part of S&P Global Energy, alongside comprehensive coverage of global power markets across grid infrastructure and intelligence, and supply/demand forecasts, with datacenterHawk's proprietary asset-level intelligence on data center supply/demand, pricing, pipelines and site selection, as well as its Fiber Locator platform.
The transaction underscores S&P Global's commitment to customers who are investors and operators of AI infrastructure through providing advanced Essential Intelligence – the data, expertise and connected technology that enable governments, businesses, investors, and individuals to make decisions with conviction. By combining proprietary asset-level data with advanced analytics and AI-ready insights, S&P Global Energy expects to empower customers with greater transparency into one of the fastest-growing areas of global infrastructure.
Customers will have access to a clearer view of operational and planned data centers, where capacity is emerging and how AI infrastructure growth is reshaping demand for power, compute, connectivity, land, supply chains and sustainable infrastructure.
"AI is transforming not only technology markets, but the physical infrastructure and energy systems that underpin the global economy, with significant implications for productivity, investment and GDP growth," said Dave Ernsberger, President of S&P Global Energy. "By bringing datacenterHawk into S&P Global Energy, we are reinforcing our energy expansion strategy, helping our customers make real-time decisions with confidence in one of the most important infrastructure markets of the next decade."
Upon close, the acquisition is expected to strengthen S&P Global Energy's ability to connect data center intelligence with power, renewables, sustainability, critical materials, supply chain and energy transition data, while supporting new benchmarks, indices and analytics that bring greater transparency to compute demand, data center capacity, pricing and infrastructure availability.
"The data center market has become a critical intersection point for AI, energy, capital investment and sustainability," said David Liggitt, Founder and CEO of datacenterHawk. "Customers need intelligence that connects critical infrastructure growth with power markets, grid constraints, supply chains and environmental considerations. By combining 451 Research and datacenterHawk, we expect to give customers a more complete view of where capacity, investment and demand are likely to emerge."
The transaction is expected to close in 2H 2026, subject to customary closing conditions. The acquisition is not expected to have a material impact on the financial results of S&P Global or the S&P Global Energy division.
For more information about S&P Global Energy's data center intelligence capabilities, visit: 451 Research | S&P Global
Media Contacts:
Josh Goldstein
S&P Global Energy
[email protected]
Suzanne Mount
S&P Global Energy
[email protected]
About S&P Global
S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively and thrive in a rapidly changing global landscape.
From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world's leading organizations to unlock opportunities, solve challenges and plan for tomorrow – today. Learn more at www.spglobal.com.
About S&P Global Energy
At S&P Global Energy, our comprehensive view of global energy and commodities markets enables our customers to make superior decisions and create long-term, sustainable value. Our four core capabilities are: Platts for pricing and news; CERA for research and advisory; Horizons for energy expansion and sustainability solutions; and Events for industry collaboration. S&P Global Energy is a division of S&P Global (NYSE: SPGI). Learn more at www.spglobal.com/energy
Forward-Looking Statements: This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this press release and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would." For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the Company's business strategies and methods of generating revenue; the development and performance of the Company's services and products; the expected impact of acquisitions and dispositions; the Company's effective tax rates; and the Company's cost structure, dividend policy, cash flows or liquidity.
Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things:
worldwide economic, financial, political, regulatory, and geopolitical conditions (including slower GDP growth or recession, restrictions on trade (e.g., tariffs and disruptions to shipping in connection with the military conflict in the Middle East), instability in the banking sector and inflation), and factors that contribute to uncertainty and volatility (e.g., supply chain risk), geopolitical uncertainty (including military conflict), natural and man-made disasters, civil unrest, public health crises (e.g., pandemics), and conditions that result from legislative, regulatory, trade and policy changes, including from the U.S. administration; the volatility and health of debt, equity, commodities and energy markets, including credit quality and spreads, the composition and mix of credit maturity profiles, the level of liquidity and future debt issuances, equity flows from active to passive, fluctuations in average asset prices in global equities, demand for investment products that track indices and assessments and trading volumes of certain exchange traded derivatives; the demand and market for credit ratings in and across the sectors and geographies where the Company operates; the Company's ability to maintain adequate physical, technical and administrative safeguards to protect the security of confidential information and data, or protect against a system or network disruption that results in regulatory penalties and remedial costs or improper disclosure of confidential information or data; the outcome of litigation, government and regulatory proceedings, investigations and inquiries; concerns in the marketplace affecting the Company's credibility or otherwise affecting market perceptions of the integrity or utility of independent credit ratings, benchmarks, indices and other services; the level of merger and acquisition activity in the United States and abroad; the level of the Company's future cash flows and capital investments; the effect of competitive products (including those incorporating artificial intelligence ("AI")) and pricing, including the level of success of new product developments and global expansion; the impact of customer cost-cutting pressures; a decline in the demand for our products and services by our customers and other market participants; our ability to develop new products or technologies, to integrate our products with new technologies (e.g., AI), or to compete with new products or technologies offered by new or existing competitors; the introduction of competing products (including those developed by AI) or technologies by other companies; our ability to protect our intellectual property from unauthorized use and infringement, including by others using AI technologies, and to operate our business without violating third-party intellectual property rights, including through our own use of AI in our products and services; our ability to attract, incentivize and retain key employees, especially in a competitive business environment; our ability to successfully navigate key organizational changes; the continuously evolving regulatory environment in Europe, the United States and elsewhere around the globe affecting each of our businesses and the products they offer, and our compliance therewith; the Company's exposure to potential criminal sanctions or civil penalties for noncompliance with foreign and U.S. laws and regulations that are applicable in the jurisdictions in which it operates, including sanctions laws relating to countries such as Iran, Russia and Venezuela, anti-corruption laws such as the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of 2010, and local laws prohibiting corrupt payments to government officials, as well as import and export restrictions; the Company's ability to make acquisitions and dispositions and successfully integrate the businesses we acquire; consolidation of the Company's customers, suppliers or competitors; the ability of the Company, and its third-party service providers, to maintain adequate physical and technological infrastructure; the Company's ability to successfully recover from a disaster or other business continuity problem, such as an earthquake, hurricane, flood, civil unrest, protests, military conflict, terrorist attack, outbreak of pandemic or contagious diseases, security breach, cyber attack, data breach, power loss, telecommunications failure or other natural or man-made event; the impact on the Company's revenue and net income caused by fluctuations in foreign currency exchange rates; the impact of changes in applicable tax or accounting requirements on the Company; the ability of the separation of Mobility Global to qualify for tax-free treatment for U.S. federal income tax purposes; any disruption to the Company's business in connection with the separation of Mobility Global; and any loss of synergies from separating the businesses of Mobility Global and the Company that adversely impact the results of operations of both businesses, or the companies resulting from the separation of Mobility Global not realizing all of the expected benefits of the separation. The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company's businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company's filings with the SEC, including Item 1A, Risk Factors in our most recently filed Annual Report on Form 10-K.
S&P Global se dohodla na koupi většinového podílu v Agusto & Co., čímž posílí svou ratingovou přítomnost na afrických dluhových trzích. Transakce čeká na regulační schválení a má být uzavřena ve druhé polovině roku 2026.
Transaction brings together Agusto & Co.'s Pan-African market expertise and S&P Global Ratings' global ratings experience to support the development of African markets Partnership deepens and strengthens S&P Global Ratings' presence in Africa's domestic credit markets , /PRNewswire/ -- S&P Global announced today that it has agreed to acquire a majority stake in Agusto & Co., a leading Pan-African rating agency with operations in Nigeria, Kenya, Rwanda and Ghana. The investment, a strategic step for both companies, will complement and support the growth strategy of the S&P Global Ratings division in Africa. By combining S&P Global's international expertise and resources with Agusto & Co.'s strong Pan-African presence and reputation for excellence, the partnership aims to expand market insights, strengthen credit transparency, and support market participants across the region.
"We are delighted to partner with Agusto & Co. to strengthen our domestic ratings presence across Africa," said Yann Le Pallec, President, S&P Global Ratings. "This transaction underscores our commitment to supporting growth and transparency in local credit markets throughout the continent. Africa's opportunity is extraordinary, and by combining our global expertise with Agusto & Co.'s deep local insights, together we can foster informed analysis, constructive market dialogue, and greater investor confidence both regionally and internationally."
"This partnership is a transformational milestone for Agusto & Co. and African capital markets, fulfilling our late founder's vision of affiliating with a leading global rating agency," said Yinka Adelekan, Managing Director of Agusto & Co. "For more than 30 years, we have built a trusted credit rating institution across Africa. By combining our deep Pan-African market knowledge and analytical independence with S&P Global Ratings' global expertise, resources and affiliate network, we believe this partnership will create new opportunities, enhance value for market participants, and support the continued development of transparent and resilient credit markets across the continent."
Agusto & Co. is a leading Pan-African credit rating agency with a strong presence in Nigeria and other key African markets, rating financial institutions, corporates and other entities. Following the transaction, Agusto & Co. will continue to operate as a separate ratings entity and issue its own credit ratings and methodologies in accordance with applicable regulatory requirements.
The transaction is subject to customary closing conditions, including receipt of required regulatory approvals. The terms of the transaction were not disclosed. Subject to obtaining all required regulatory approvals, the transaction is expected to close during the second half of 2026.
The transaction is not expected to have a material impact on the financial results of S&P Global or S&P Global Ratings.
Media Contacts:
Farhan Husain
S&P Global Ratings
[email protected]
Michelle James
S&P Global Ratings
[email protected]
About S&P Global
S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively and thrive in a rapidly changing global landscape.
From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world's leading organizations to unlock opportunities, solve challenges and plan for tomorrow – today. Learn more at www.spglobal.com.
About Agusto & Co.
Agusto & Co. is a Pan-African credit rating agency and a leading provider of industry research and knowledge in Nigeria and Sub-Saharan Africa. Since inception, Agusto & Co. has assigned over 4,000 ratings to banks, corporates, finance & leasing companies, funds & investment managers, insurance companies, microfinance banks, mortgage institutions, corporate bonds, municipal bonds, structured notes, securities & investment firms, supranational bonds and sovereigns, across Africa.
Agusto & Co. holds credit rating licenses that allow it to operate in Nigeria, Kenya, Rwanda and Ghana. The agency has a thorough understanding of both the African macroeconomic and business environments. Agusto & Co. is also an Approved Verifier by the Climate Bonds Standard with the capacity to perform verification of green bonds, projects and assets in Africa. In addition, Agusto & Co. is listed by the International Capital Market Association (ICMA) as an External Reviewer that has adopted the Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines and Sustainability-Linked Bond Principles, and provides Second Party Opinion (SPO) across Africa.
Forward-Looking Statements: This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this press release and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would." For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the Company's business strategies and methods of generating revenue; the development and performance of the Company's services and products; the expected impact of acquisitions and dispositions; the Company's effective tax rates; and the Company's cost structure, dividend policy, cash flows or liquidity.
Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things:
worldwide economic, financial, political, regulatory, and geopolitical conditions (including slower GDP growth or recession, restrictions on trade (e.g., tariffs and disruptions to shipping in connection with the military conflict in the Middle East), instability in the banking sector and inflation), and factors that contribute to uncertainty and volatility (e.g., supply chain risk), geopolitical uncertainty (including military conflict), natural and man-made disasters, civil unrest, public health crises (e.g., pandemics), and conditions that result from legislative, regulatory, trade and policy changes, including from the U.S. administration; the volatility and health of debt, equity, commodities and energy markets, including credit quality and spreads, the composition and mix of credit maturity profiles, the level of liquidity and future debt issuances, equity flows from active to passive, fluctuations in average asset prices in global equities, demand for investment products that track indices and assessments and trading volumes of certain exchange traded derivatives; the demand and market for credit ratings in and across the sectors and geographies where the Company operates; the Company's ability to maintain adequate physical, technical and administrative safeguards to protect the security of confidential information and data, or protect against a system or network disruption that results in regulatory penalties and remedial costs or improper disclosure of confidential information or data; the outcome of litigation, government and regulatory proceedings, investigations and inquiries; concerns in the marketplace affecting the Company's credibility or otherwise affecting market perceptions of the integrity or utility of independent credit ratings, benchmarks, indices and other services; the level of merger and acquisition activity in the United States and abroad; the level of the Company's future cash flows and capital investments; the effect of competitive products (including those incorporating artificial intelligence ("AI")) and pricing, including the level of success of new product developments and global expansion; the impact of customer cost-cutting pressures; a decline in the demand for our products and services by our customers and other market participants; our ability to develop new products or technologies, to integrate our products with new technologies (e.g., AI), or to compete with new products or technologies offered by new or existing competitors; the introduction of competing products (including those developed by AI) or technologies by other companies; our ability to protect our intellectual property from unauthorized use and infringement, including by others using AI technologies, and to operate our business without violating third-party intellectual property rights, including through our own use of AI in our products and services; our ability to attract, incentivize and retain key employees, especially in a competitive business environment; our ability to successfully navigate key organizational changes; the continuously evolving regulatory environment in Europe, the United States and elsewhere around the globe affecting each of our businesses and the products they offer, and our compliance therewith; the Company's exposure to potential criminal sanctions or civil penalties for noncompliance with foreign and U.S. laws and regulations that are applicable in the jurisdictions in which it operates, including sanctions laws relating to countries such as Iran, Russia and Venezuela, anti-corruption laws such as the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of 2010, and local laws prohibiting corrupt payments to government officials, as well as import and export restrictions; the Company's ability to make acquisitions and dispositions and successfully integrate the businesses we acquire; consolidation of the Company's customers, suppliers or competitors; the ability of the Company, and its third-party service providers, to maintain adequate physical and technological infrastructure; the Company's ability to successfully recover from a disaster or other business continuity problem, such as an earthquake, hurricane, flood, civil unrest, protests, military conflict, terrorist attack, outbreak of pandemic or contagious diseases, security breach, cyber attack, data breach, power loss, telecommunications failure or other natural or man-made event; the impact on the Company's revenue and net income caused by fluctuations in foreign currency exchange rates; the impact of changes in applicable tax or accounting requirements on the Company; the ability of the separation of Mobility Global to qualify for tax-free treatment for U.S. federal income tax purposes; any disruption to the Company's business in connection with the separation of Mobility Global; and any loss of synergies from separating the businesses of Mobility Global and the Company that adversely impact the results of operations of both businesses, or the companies resulting from the separation of Mobility Global not realizing all of the expected benefits of the separation. The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company's businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company's filings with the SEC, including Item 1A, Risk Factors in our most recently filed Annual Report on Form 10-K.
, /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported second quarter results. The Company's earnings release and supplemental materials are available at http://investor.spglobal.com/Quarterly-Earnings.
Supplemental Information/Conference Call/Webcast Details: The Company's senior management will review the second quarter 2026 earnings results on a conference call scheduled for today, July 28, at 8:30 a.m. EDT. Additional information presented on the conference call, and the Company's supplemental slide content may be found on the Company's Investor Relations Website at http://investor.spglobal.com/Quarterly-Earnings.
The Webcast will be available live and in replay at http://investor.spglobal.com/Quarterly-Earnings.
About S&P Global
S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive in a rapidly changing global landscape.
From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world's leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today. Learn more at www.spglobal.com.
Investor Relations: http://investor.spglobal.com
Contact:
Investor Relations:
Mark Grant
Senior Vice President, Investor Relations and Treasurer
Tel: +1 (347) 640-1521
[email protected]
Key Takeaways SPGI is expected to report Q2 EPS of $4.49, up 1.4% y/y, before market open on July 28. S&P Global's ratings and indices revenues are projected to rise on debt activity and asset-linked fees. SPGI's market intelligence and mobility units are expected to benefit from AI, M&A and subscriptions. S&P Global Inc. (SPGI - Free Report) is scheduled to release second-quarter 2026 results on July 28, before market open.
SPGI has a decent history of earnings surprises, having surpassed the Zacks Consensus Estimate in the past three trailing quarters and missing once, with an average surprise of 3.6%.
S&P Global’s Q2 ExpectationsThe Zacks Consensus Estimate for revenue is pegged at $3.7 billion, indicating a 2.9% decline from the year-ago quarter’s actual.
The consensus mark for revenues from market intelligence is close to $1.3 billion, which is indicated to improve 3.6% year over year. Growth in this segment is likely to have been attributed to product strength, fast-paced AI integration, strategic M&A, and robust commercial sales. Strong renewals and net sales across the franchise are anticipated to have driven subscription revenues. The With Intelligence buyout is expected to have provided a continued impetus to the segment’s growth.
For ratings, the Zacks Consensus Estimate for revenues is set at $1.3 billion, a 14.4% jump from the year-ago actuals. Expansion in transactional and non-transactional revenues is anticipated to have improved this segment’s growth. Transactional revenues are likely to have been supported by rising billed issuance, driven by solid investment-grade debt activity. Higher annual fees and strong CRISIL performance are relevant factors expected to have improved non-transactional revenues.
The Zacks Consensus Estimate for mobility revenues is set at $473 million, up 8% year over year. Solid subscription momentum, coupled with customer wins across CARFAX and automotiveMastermind, is expected to have supported this segment’s growth. Momentum in subscription adoption and discretionary spending is likely to have aided manufacturing revenues, adding to the segment’s growth.
The consensus mark for revenues from indices is pinned at $534.8 million. It is anticipated to improve 19.9% year over year. Asset-linked fees and consistent net inflows into the S&P 500 are expected to have been the primary factors improving the segment’s revenues. Other factors, including high trading volumes, innovation in decentralized finance and robust business demand in data and custom subscriptions, are likely to have contributed to growth.
The consensus estimate for earnings per share is set at $4.49, indicating a 1.4% increase on a year-over-year basis.
What Our Model Predicts About SPGIOur proven model does not conclusively predict an earnings beat for S&P Global this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
SPGI has an Earnings ESP of 0.00% and a Zacks Rank of 5 (Strong Sell).
Stocks to ConsiderHere are a few stocks that, according to our model, have the right combination of elements to beat on earnings this time around.
Chatham Lodging Trust (CLDT - Free Report) : The Zacks Consensus Estimate for the company’s second-quarter 2026 revenues is $86.9 million, suggesting an 8.2% year-over-year rise. For earnings, the consensus estimate is kept at 45 cents per share, indicating a 25% uptick from the year-ago quarter’s actual. The company beat the consensus estimate in the trailing four quarters, with an average surprise of 15.6%.
CLDT has an Earnings ESP of +2.22% and sports a Zacks Rank of 1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company is scheduled to declare second-quarter 2026 results on Aug. 4.
Apple Hospitality REIT (APLE - Free Report) : The Zacks Consensus Estimate for the company’s second-quarter 2026 revenues is pegged at $393.7 million, indicating year-over-year growth of 2.4%. For earnings, the consensus estimate is 49 cents, suggesting a 4.3% gain from the year-ago quarter’s reported figure. The company beat the consensus estimate in the trailing quarters, with an average of 4.5%.
APLE has an Earnings ESP of +2.04% and a Zacks Rank of 1 at present. The company is scheduled to declare second-quarter 2026 results on Aug. 5.
Allspring Global Investments Holdings LLC trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 19.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,654 shares of the business services provider’s stock after selling 50,037 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.07% of S&P Global worth $90,839,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of S&P Global during the fourth quarter worth approximately $2,398,991,000. Cardano Risk Management B.V. lifted its holdings in shares of S&P Global by 858.3% during the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after buying an additional 1,576,544 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of S&P Global by 2,256.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after acquiring an additional 1,385,249 shares during the period. Capital International Investors boosted its position in shares of S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock valued at $1,587,910,000 after acquiring an additional 922,433 shares during the period. Finally, TCI Fund Management Ltd. grew its stake in shares of S&P Global by 5.4% in the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after acquiring an additional 600,440 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at S&P Global In related news, CEO Martina Cheung acquired 2,322 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average cost of $429.93 per share, with a total value of $998,297.46. Following the completion of the purchase, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the acquisition, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 5,974 shares of company stock worth $2,576,775 over the last three months. Company insiders own 0.03% of the company’s stock.
Key Stories Impacting S&P Global Here are the key news stories impacting S&P Global this week:
Positive Sentiment: Stifel Nicolaus raised its price target on S&P Global to $521 from $489 and kept a buy rating, implying roughly 15.6% upside from the current share price. Benzinga Street Insider Positive Sentiment: S&P Global Energy said booming U.S. LNG exports could add $1.4 trillion to GDP through 2040 and support hundreds of thousands of jobs, reinforcing the company’s research and energy-market credibility. Reuters Positive Sentiment: S&P Global Market Intelligence launched ETF Intelligence, a new analytics product aimed at the fast-growing ETF market, which could help expand data and subscription revenue over time. PR Newswire Neutral Sentiment: Erste Group Bank lowered its FY2026 EPS estimate for S&P Global to $18.60 from $19.62, which is below the current consensus estimate of $19.49 and may temper expectations. MarketBeat Neutral Sentiment: Separate commentary flagged the stock as expensive on fair value and earnings, suggesting valuation remains a concern for some investors. Yahoo Finance Negative Sentiment: One market report said S&P Global underperformed peers on Wednesday, indicating some relative weakness versus competitors. MarketWatch Wall Street Analyst Weigh In A number of research firms recently commented on SPGI. Morgan Stanley lowered their price target on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Daiwa Securities Group cut their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Royal Bank Of Canada decreased their target price on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Rothschild & Co Redburn lowered their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Finally, The Goldman Sachs Group dropped their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Seventeen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average price target of $533.88.
Get Our Latest Report on SPGI
S&P Global Stock Performance S&P Global stock opened at $450.57 on Friday. The business has a 50 day moving average of $421.35 and a 200-day moving average of $445.32. The company has a market capitalization of $133.37 billion, a P/E ratio of 28.52, a P/E/G ratio of 2.21 and a beta of 1.08. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68.
S&P Global (NYSE:SPGI – Get Free Report) last posted its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts predict that S&P Global Inc. will post 19.32 earnings per share for the current year.
S&P Global Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio is presently 24.56%.
S&P Global Profile (Free Report)
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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S&P Global dokončila vyčlenění Mobility do samostatné veřejně obchodované společnosti Mobility Global. Akcie Mobility Global začnou se dnes obchodovat na NYSE pod tickerem MBGL.
, /PRNewswire/ -- S&P Global Inc. (NYSE: SPGI) announced today that it has completed the separation of its Mobility division into an independent, public company, Mobility Global Inc. ("Mobility Global"). Mobility Global common stock will begin regular-way trading today on the New York Stock Exchange under the ticker symbol "MBGL".
"The successful completion of this separation reflects the extraordinary work and dedication of the S&P Global and Mobility Global teams over the past 15 months," said Martina Cheung, President and CEO of S&P Global. "Together, we have built a strong foundation for Mobility Global as an independent company and both companies stand well-positioned for the future."
The separation was achieved through the distribution of 100 percent of the shares of Mobility Global to holders of S&P Global common stock effective as of 12:01 a.m. New York City time on July 1, 2026, with S&P Global stockholders receiving one share of Mobility Global common stock for every share of S&P Global common stock held at the close of business on June 15, 2026, the record date. S&P Global stockholders entitled to receive the distribution received a book-entry account statement or a credit to their brokerage account reflecting their ownership of Mobility Global common stock. Fractional shares of Mobility Global common stock were not distributed. Any fractional share of Mobility Global common stock otherwise issuable to a S&P Global stockholder will be sold in the open market on such stockholder's behalf, and such stockholder will receive a cash payment for the fractional share based on its pro rata portion of the net cash proceeds from all sales of fractional shares.
S&P Global expects to issue a press release on July 6, 2026 providing recast financial information for full year 2025, the four quarters of 2025 and the first quarter of 2026, reflecting the completion of the spin-off of Mobility Global.
Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and Evercore Group L.L.C. served as financial advisors and Davis Polk & Wardwell LLP and Baker McKenzie LLP served as legal advisors to S&P Global.
About S&P Global
S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive in a rapidly changing global landscape.
From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world's leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today.
Forward-Looking Statements
This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this press release and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would." For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the business strategies and methods of generating revenue of S&P Global Inc. (the "Company"); the development and performance of the Company's services and products; the expected impact of acquisitions and dispositions; and the Company's effective tax rates; the Company's cost structure, dividend policy, cash flows or liquidity.
Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things:
worldwide economic, financial, political, and regulatory conditions (including slower GDP growth or recession, restrictions on trade (e.g., tariffs), instability in the banking sector and inflation), and factors that contribute to uncertainty and volatility (e.g., supply chain risk), geopolitical uncertainty (including military conflict), natural and man-made disasters, civil unrest, public health crises (e.g., pandemics), and conditions that result from legislative, regulatory, trade and policy changes, including from the U.S. administration; the volatility and health of debt, equity, commodities and energy markets, including credit quality and spreads, the composition and mix of credit maturity profiles, the level of liquidity and future debt issuances, equity flows from active to passive, fluctuations in average asset prices in global equities, demand for investment products that track indices and assessments and trading volumes of certain exchange traded derivatives; the demand and market for credit ratings in and across the sectors and geographies where the Company operates; the Company's ability to maintain adequate physical, technical and administrative safeguards to protect the security of confidential information and data, or protect against a system or network disruption that results in regulatory penalties and remedial costs or improper disclosure of confidential information or data; the outcome of litigation, government and regulatory proceedings, investigations and inquiries; concerns in the marketplace affecting the Company's credibility or otherwise affecting market perceptions of the integrity or utility of independent credit ratings, benchmarks, indices and other services; the level of merger and acquisition activity in the United States and abroad; the level of the Company's future cash flows and capital investments; the effect of competitive products (including those incorporating artificial intelligence ("AI")) and pricing, including the level of success of new product developments and global expansion; the impact of customer cost-cutting pressures; a decline in the demand for our products and services by our customers and other market participants; our ability to develop new products or technologies, to integrate our products with new technologies (e.g., AI), or to compete with new products or technologies offered by new or existing competitors; the introduction of competing products (including those developed by AI) or technologies by other companies; our ability to protect our intellectual property from unauthorized use and infringement, including by others using AI technologies, and to operate our business without violating third-party intellectual property rights, including through our own use of AI in our products and services; our ability to attract, incentivize and retain key employees, especially in a competitive business environment; our ability to successfully navigate key organizational changes; the continuously evolving regulatory environment in Europe, the United States and elsewhere around the globe affecting each of our businesses and the products they offer, and our compliance therewith; the Company's exposure to potential criminal sanctions or civil penalties for noncompliance with foreign and U.S. laws and regulations that are applicable in the jurisdictions in which it operates, including sanctions laws relating to countries such as Iran, Russia and Venezuela, anti-corruption laws such as the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of 2010, and local laws prohibiting corrupt payments to government officials, as well as import and export restrictions; the Company's ability to make acquisitions and dispositions and successfully integrate the businesses we acquire; consolidation of the Company's customers, suppliers or competitors; the ability of the Company, and its third-party service providers, to maintain adequate physical and technological infrastructure; the Company's ability to successfully recover from a disaster or other business continuity problem, such as an earthquake, hurricane, flood, civil unrest, protests, military conflict, terrorist attack, outbreak of pandemic or contagious diseases, security breach, cyber attack, data breach, power loss, telecommunications failure or other natural or man-made event; the impact on the Company's revenue and net income caused by fluctuations in foreign currency exchange rates; the impact of changes in applicable tax or accounting requirements on the Company; the ability of the separation of Mobility Global to qualify for tax-free treatment for U.S. federal income tax purposes; any disruption to the Company's business in connection with the separation of Mobility Global; any loss of synergies from separating the businesses of Mobility Global and the Company that adversely impact the results of operations of both businesses, or the companies resulting from the separation of Mobility Global not realizing all of the expected benefits of the separation; and following the separation of Mobility Global, the combined value of the common stock of the two publicly-traded companies not being equal to or greater than the value of the Company's common stock had the separation not occurred. The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company's businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company's filings with the SEC, including Item 1A, Risk Factors in our most recently filed Annual Report on Form 10-K.
Contacts:
S&P Global Investor Relations:
Mark Grant
Senior Vice President, Investor Relations and Treasurer
Tel: +1 (347) 640-1521
[email protected]m
Media:
Christina Twomey
Chief Communications Officer, S&P Global
Tel: +1 (646) 407-3001
[email protected]
S&P Global může být posíleno umělou inteligencí, protože vlastní důvěryhodnou finanční infrastrukturu a jedinečné datové sady, které jsou v AI éře stále cennější. Společnost se vyvinula v jednu z nejdůležitějších finančních infrastruktur na světě, což ji činí odolnější vůči potenciálnímu narušení způsobenému umělou inteligencí.
When artificial intelligence (AI) first took off, many investors assumed companies like S&P Global (SPGI 1.62%) could eventually face disruption.
The concern seemed logical. If AI can summarize earnings reports, analyze financial statements, and answer financial questions instantly, why would investors continue paying for expensive data and analytics platforms? That fear pressured sentiment around several financial information companies over the past year.
But the market may have underestimated the sources of S&P Global's real competitive advantages. Ironically, AI could strengthen the company's moat rather than weaken it.
Image source: Getty Images.
Why did investors become concerned? The bear case is not difficult to understand. AI models are rapidly improving at tasks that once required junior analysts and research teams. Summarizing filings, screening companies, compiling industry reports, and organizing financial information are becoming increasingly automated.
That creates legitimate concerns for parts of the financial analytics industry. As information becomes easier and cheaper to generate, some lower-end research and workflow tools could gradually lose pricing power. And at first glance, S&P Global appears exposed to that risk. After all, the company sells financial data, analytics, and research tools to institutional customers worldwide.
But this view misses an important distinction.
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S&P Global is not simply selling information Many investors still think of S&P Global primarily as a ratings agency. In reality, the company has quietly evolved into one of the most important financial infrastructure businesses in the world.
Its ecosystem now spans credit ratings, benchmark indexes, commodity intelligence, enterprise analytics, and private market data. Products like Capital IQ (a financial data platform), Platts (for energy), and S&P Dow Jones indexes are deeply embedded in institutional workflows across the global financial system.
That matters because customers are not simply paying for access to information. They are paying for trusted data sets, regulatory-grade accuracy, historical consistency, and systems that have become integrated into daily investment and risk-management workflows. Replacing that kind of infrastructure is far more difficult than replacing a simple research report.
AI still depends on trusted data This is where the debate around AI and S&P Global becomes far more interesting. Large language models are powerful, but they still depend heavily on the quality of the data that feeds them. AI can organize and interpret information, but it still needs reliable data pipelines, verified records, and structured financial data sets to function effectively.
And few companies own more valuable financial datasets than S&P Global. The company has spent decades building proprietary databases across bond markets, corporate financials, commodity pricing, credit histories, and benchmark indexes. These datasets are deeply embedded in the financial system and extremely difficult to replicate.
In many ways, AI may actually increase the value of this type of proprietary information. As AI-generated content floods the internet, trust becomes more important. Financial institutions do not simply want fast answers. They want auditable outputs, verified information, trusted benchmarks, and lower hallucination risk.
That dynamic could strengthen companies like S&P Global. The company already appears to understand this shift. It has been integrating AI capabilities into platforms like Capital IQ while expanding AI-powered workflow tools across its enterprise offerings. In other words, it is positioning itself as part of the underlying data infrastructure powering the AI era.
What does it mean for investors? Let's start by saying that S&P Global is not immune to AI disruption. Some lower-end analytics and research functions could absolutely become more commoditized over time.
But the market may have misunderstood where the company's real moat resides. S&P Global is not merely selling information. It owns a trusted financial infrastructure, proprietary data sets, benchmark systems, and decades of institutional credibility. And in the AI era, where trust becomes a scarce resource, the company's strength becomes even more prevalent.
So yes, information itself may become cheaper. But a trusted financial infrastructure may become even more valuable in the AI world.
