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Bloom Energy, Illumina, and Everpure Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600 PR Newswir

Session will be Webcast

, /PRNewswire/ -- Eric Aboaf, Chief Financial Officer of S&P Global (NYSE: SPGI), will participate in Barclays 24th Annual Global Financial Services Conference on September 14, 2026 in New York, New York. Mr. Aboaf is scheduled to speak from 11:15 a.m. to 11:55 a.m. (Eastern Daylight Time). The "fireside chat" will be webcast and may include forward-looking information. Mark Grant, Senior Vice President of Investor Relations and Treasurer, will join Mr. Aboaf for investor meetings.

Webcast Instructions:  Live and Replay
The webcast (audio-only) will be available live and in replay through the Company's Investor Relations website http://investor.spglobal.com/Investor-Presentations (please copy and paste URL into web browser). The webcast replay will be available approximately four hours after the end of the presentation and will remain accessible for 90 days, ending on December 12, 2026. Any additional information presented during the session will be made available on the Company's Investor Presentations web page.

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 

Contacts:

Investor Relations
Mark Grant
Senior Vice President, Investor Relations and Treasurer
Tel: + 1 (347) 640-1521
[email protected] 

Media
Christina Twomey
Chief Communications Officer 
Tel: +1 (646) 407-3001 
[email protected] 

SOURCE S&P Global

2.9.2026 15:59, AVGO, PANW, SPGI, MDB, DELL, UBER, GTLB

Index Dow Jones +0,48 % na 53019,7 b. S&P 500 +0,15 % na 7642,92 b. Nasdaq Composite 0 % na 26099,28 b.

Nejsledovanější americké indexy se v úvodu obchodují kolem nuly. Dnes po uzavření trhů zveřejní svá čísla výrobce čipů a infrastrukturního softwaru Broadcom (-0,64 %).

Daří se akciím technologického výrobce Dell Technologies (+6,7 %) po reportu za 2Q. Tržby i očištěný zisk na akcii opět výrazně překonaly očekávání analytiků, hlavním motorem růstu zůstala rekordní poptávka po AI serverech, silně ale rostla i tradiční serverová a úložišťová část byznysu. Společnost zároveň zvýšila celoroční výhled tržeb o 25 mld. USD na 192 mld. USD.

Naopak ztrácejí akcie Palo Alto Networks (-8,7 %), působící v oblasti kybernetické bezpečnosti, po reportu za 4Q FY 2026. Výsledky byly podle analytiků nad očekáváním a poskytnutý výhled byl podle nich také nad odhady. Společnost těží z poptávky po jejich řešeních, kterou vytváří hrozba AI.

Mimo index S&P 500 se výrazně daří akciím společnosti GitLab (+13,6 %), která poskytuje webový distribuovaný systém správy verzí, po reportu výsledků za 2Q. Ty předčily očekávání a společnost také navýšila svůj celoroční výhled. Naopak mimo index ztrácejí akcie společnosti MongoDB (-12,8 %), která vyvíjí a poskytuje stejnojmennou databázovou platformu, poté, co růst v produktu Atlas zaostaly za očekáváním, avšak analytici výsledky hodnotí pozitivně, přičemž výsledky překonaly očekávání a firma navýšila celoroční výhled.

Společnost S&P Global (-0,2 %) údajně zvažuje oddělení své datové a výzkumné platformy Capital IQ Pro.

Přepravní společnost Uber (+1,0 %) ruší přibližně 3 300 pracovních míst, což představuje 10 % jejích zaměstnanců po celém světě.

Index S&P 500 +0,15 % na 7642,92 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Základní materiály +1,4 % Utility -1,2 % Zdravotní péče +1,3 % Reality -1 % Komunikační služby +1,1 % Energie -0,7 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Dell Technologies (DELL) +6,7 % PG&E Corp (PCG) -9,4 % Reddit (RDDT) +5,4 % Palo Alto Networks (PANW) -8,7 % Charter Communications (CHTR) +4,4 % Edison International (EIX) -7,3 % Brown-Forman Corp (BF/B) +4,4 % Amphenol Corp (APH) -4,0 % Trade Desk (TTD) +3,6 % Crowdstrike Holdings (CRWD) -3,8 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

SINGAPORE--(BUSINESS WIRE)--A new report by Alipay+, the unified wallet gateway of Ant International, in partnership with S&P Global, reveals a growing "commerce digitalisation gap", with people increasingly expecting seamless mobile payments and intelligent digital assistance, yet friction – from inconsistent payment acceptance to trust in AI – still define their experience. The study, which surveyed 6,000 consumers across nine markets in Asia, Europe and the US on their cross-border spend.

New co-branded suite brings both companies' crypto index offerings onto a single platform

, /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), the world's leading index provider and Kaiko, the global independent leader in digital asset market data, indices, and data infrastructure, today announced the combined digital asset index offerings under a single co-branded suite: S&P Kaiko Digital Asset Indices.

S&P Dow Jones Indices logo With this release, Kaiko's digital asset reference rates and multi-asset indices, together with S&P DJI's existing crypto indices, will be rebranded under the S&P Kaiko name. The suite is powered by Kaiko's crypto-native data infrastructure and market expertise, with S&P DJI providing global licensing, distribution and benchmark administration.

With institutional participation in digital assets growing, asset managers, ETF issuers, exchanges and structured product providers increasingly require benchmarks that combine robust data, transparent methodologies, trusted governance and global distribution. The S&P Kaiko Digital Asset Indices are designed to meet that demand by pairing S&P DJI's institutional benchmark expertise with Kaiko's 24/7 digital asset data platform and exchange connectivity.

"Together, S&P DJI and Kaiko are raising the standard for digital asset benchmarks. As the asset class matures, institutional investors need indices defined by transparency, rigor and market relevance. This suite combines the trusted S&P brand with Kaiko's crypto-native data infrastructure and market expertise, purpose-built for global, 24/7 digital asset markets," said Cameron Drinkwater, Chief Product & Operations Officer at S&P Dow Jones Indices.

The S&P Kaiko Digital Asset Indices suite will operate on a single platform built on Kaiko's technology stack, with S&P DJI's benchmark administration, licensing and distribution infrastructure integrated into its commercial operations. S&P DJI brings decades of index governance experience, global licensing capabilities and benchmark administrator status under the EU Benchmarks Regulation, aligned with the IOSCO Principles for Financial Benchmarks. Kaiko will provide data sourcing and calculation through its crypto market expertise, connectivity to 150+ exchanges and round-the-clock infrastructure, as well as index methodology support.

At launch, the S&P Kaiko suite covers over 4000 rates and indices across the digital asset class. Existing financial products benchmarked to Kaiko reference rates and multi-asset indices - including exchange-traded products, futures, options and structured products - will be able to leverage the new S&P Kaiko brand.

"S&P DJI and Kaiko bring what digital asset markets have been missing: a globally trusted benchmark brand paired with crypto-native infrastructure built for 24/7 markets. S&P Kaiko Digital Asset Indices gives institutions the credibility, distribution and data precision they need to participate in this asset class with confidence," said Ambre Soubiran, CEO at Kaiko. 

To learn more about the S&P Kaiko Digital Asset Indices visit here.

For additional information about Kaiko's data infrastructure, indices, and pricing solutions, visit kaiko.com. Kaiko Indices, S.A., as a legal entity, will retain its existing brand and BMR registration.

ABOUT S&P DOW JONES INDICES 

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: www.spglobal.com/spdji.

ABOUT KAIKO

Kaiko provides regulated data services for onchain finance. Founded in 2014, the company delivers institutional-grade digital asset market data, analytics, indices, and data infrastructure for tokenized and traditional markets. Its clients include banks, asset managers, exchanges, and leading financial institutions worldwide. Kaiko's data and infrastructure support trading, valuation, risk management, tokenized assets, and onchain applications, connecting traditional and blockchain-based markets. For more information, visit: kaiko.com.

FOR MORE INFORMATION: 

Silke McGuinness 
Global Head of Communications, S&P DJI
(+1) 415-205-8414
[email protected]

Victoria Calmon
Kaiko
Editorial & Communications Manager
[email protected]

SOURCE S&P Dow Jones Indices

S&P Dow Jones Indices and Kaiko Introduce S&P Kaiko Digital Asset Indices PR Newswire

NEW YORK, Sept. 1, 2026

New co-branded suite brings both companies' crypto index offerings onto a single platform

, /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), the world's leading index provider and Kaiko, the global independent leader in digital asset market data, indices, and data infrastructure, today announced the combined digital asset index offerings under a single co-branded suite: S&P Kaiko Digital Asset Indices.

With this release, Kaiko's digital asset reference rates and multi-asset indices, together with S&P DJI's existing crypto indices, will be rebranded under the S&P Kaiko name. The suite is powered by Kaiko's crypto-native data infrastructure and market expertise, with S&P DJI providing global licensing, distribution and benchmark administration.

With institutional participation in digital assets growing, asset managers, ETF issuers, exchanges and structured product providers increasingly require benchmarks that combine robust data, transparent methodologies, trusted governance and global distribution. The S&P Kaiko Digital Asset Indices are designed to meet that demand by pairing S&P DJI's institutional benchmark expertise with Kaiko's 24/7 digital asset data platform and exchange connectivity.

"Together, S&P DJI and Kaiko are raising the standard for digital asset benchmarks. As the asset class matures, institutional investors need indices defined by transparency, rigor and market relevance. This suite combines the trusted S&P brand with Kaiko's crypto-native data infrastructure and market expertise, purpose-built for global, 24/7 digital asset markets," said Cameron Drinkwater, Chief Product & Operations Officer at S&P Dow Jones Indices.

The S&P Kaiko Digital Asset Indices suite will operate on a single platform built on Kaiko's technology stack, with S&P DJI's benchmark administration, licensing and distribution infrastructure integrated into its commercial operations. S&P DJI brings decades of index governance experience, global licensing capabilities and benchmark administrator status under the EU Benchmarks Regulation, aligned with the IOSCO Principles for Financial Benchmarks. Kaiko will provide data sourcing and calculation through its crypto market expertise, connectivity to 150+ exchanges and round-the-clock infrastructure, as well as index methodology support.

At launch, the S&P Kaiko suite covers over 4000 rates and indices across the digital asset class. Existing financial products benchmarked to Kaiko reference rates and multi-asset indices - including exchange-traded products, futures, options and structured products - will be able to leverage the new S&P Kaiko brand.

"S&P DJI and Kaiko bring what digital asset markets have been missing: a globally trusted benchmark brand paired with crypto-native infrastructure built for 24/7 markets. S&P Kaiko Digital Asset Indices gives institutions the credibility, distribution and data precision they need to participate in this asset class with confidence," said Ambre Soubiran, CEO at Kaiko.

To learn more about the S&P Kaiko Digital Asset Indices visit here.

For additional information about Kaiko's data infrastructure, indices, and pricing solutions, visit kaiko.com. Kaiko Indices, S.A., as a legal entity, will retain its existing brand and BMR registration.

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: www.spglobal.com/spdji.

ABOUT KAIKO

Kaiko provides regulated data services for onchain finance. Founded in 2014, the company delivers institutional-grade digital asset market data, analytics, indices, and data infrastructure for tokenized and traditional markets. Its clients include banks, asset managers, exchanges, and leading financial institutions worldwide. Kaiko's data and infrastructure support trading, valuation, risk management, tokenized assets, and onchain applications, connecting traditional and blockchain-based markets. For more information, visit: kaiko.com.

FOR MORE INFORMATION:

Silke McGuinness
Global Head of Communications, S&P DJI
(+1) 415-205-8414
[email protected]

Victoria Calmon
Kaiko
Editorial & Communications Manager
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/sp-dow-jones-indices-and-kaiko-introduce-sp-kaiko-digital-asset-indices-302866449.html

SOURCE S&P Dow Jones Indices

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.

SOURCE S&P Global

The S&P Cotality Case-Shiller U.S. National Home Price NSA Index posted a 1.5% annual gain for June 2026, up from a 1.2% rise in the previous month. For the 13th consecutive month, U.S. home values fell in real terms, as June's 3.5% inflation ran roughly 2 percentage points above the 1.5% home price gain. A nearly nine percentage point gap separated June's strongest market (Chicago +6.9% YoY) and its weakest (Seattle -2.0% YoY), underscoring a stark regional divergence in home price trends. , /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI) today released the June 2026 results for the S&P Cotality Case-Shiller Indices.

More than 27 years of history are available for the data series and can be accessed in full by going to www.spglobal.com/spdji/en/index-family/indicators/sp-Cotality-case-shiller.

Cotality continues to have transaction delays from the recording office in Wayne County, the most populous county in the Detroit metro area. These delays impacted the June transaction data and, therefore, no valid June 2026 update of the Detroit S&P Cotality Case-Shiller Index will be provided for the August 25, 2026, release date. There was, however, enough data to calculate a valid May 2026 update, which is provided in Tables 2 and 3.

S&P DJI will continue to provide updates to the Detroit index values for the month(s) with missing sale transactions data.

ANALYSIS

"Homeowners and renters alike breathed a sigh of relief in June as inflation cooled to 3.5%, while the S&P Cotality Case-Shiller National Home Price Index posted a 1.5% annual gain, up from a 1.2% annual gain in May," said Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices. "While home prices continue to decline in real terms, lower inflation and firmer nominal home price growth in June helped slow that pace of erosion.

"For the fourth consecutive month, Chicago led all metros with a 6.9% annual increase in June, followed by New York (4.8%) and Cleveland (4.1%)," Kaufman continued. "Meanwhile, Seattle recorded the largest annual decline at 2.0%, followed by Las Vegas (-1.9%) and Denver (-1.2%). This geographic divide reflects a years-long trend, with housing markets in the Northeast and Midwest regaining strength while many Western and Sunbelt markets soften.

"Seasonal factors continue to support monthly price growth. On a non-seasonally adjusted basis, both the U.S. National Index and the 20-City Composite gained 0.4% month over month in June. After seasonal adjustment, the U.S. National Index and the 20-City Composite gained 0.1% and 0.3% month over month in June, respectively. Because June typically falls near the peak of the homebuying season, price appreciation often moderates and market activity cools in the months ahead.

"The housing market remains under pressure, with 30-year mortgage rates holding near 6.5% in June," Kaufman concluded. "As financing costs are kept high for prospective buyers, current homeowners remain reluctant to give up the low mortgage rates secured in prior years."

YEAR-OVER-YEAR

The S&P Cotality Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 1.5% annual gain for June. The 10-City Composite saw an annual increase of 2.9%, up from a 2.4% increase in the previous month. The 20-City Composite posted a year-over-year increase of 2.1%, up from a 1.6% rise in the previous month.

Chicago reported the highest annual gain among the 20 cities with a 6.9% increase in June, followed by New York and Cleveland with annual increases of 4.8% and 4.1%, respectively. Seattle posted the lowest return in June, falling 2.0%.

MONTH-OVER-MONTH

The pre-seasonally adjusted U.S. National and 20-City Composite Indices recorded monthly gains of 0.4%, while the 10-City Composite Index posted a 0.5% gain.

After seasonal adjustment, the U.S. National, 10-City, and 20-City Composite Indices posted 0.1%, 0.3%, and 0.2% gains, respectively.

SUPPORTING DATA

Table 1 below shows the housing boom/bust peaks and troughs for the three composites along with the current levels and percentage changes from the peaks and troughs.

2022 Peak

2023 Trough

Current

Index

Level

Date

Level

Date

From Peak
(%)

Level

From
Trough (%)

From
Peak (%)

National

308.07

Jun-22

292.68

Jan-23

-5.0 %

336.66

15.0 %

9.3 %

20-City

318.73

Jun-22

297.47

Jan-23

-6.7 %

350.20

17.7 %

9.9 %

10-City

330.38

Jun-22

309.92

Jan-23

-6.2 %

373.49

20.5 %

13.0 %

Table 2 below summarizes the results for June 2026. The S&P Cotality Case-Shiller Indices could be revised for the prior 24 months, based on the receipt of additional source data.

Metropolitan
Area

June 2026
Level

June / May

Change (%)

May / April

Change (%)

1-Year Change
(%)

Atlanta

252.71

0.24 %

0.67 %

0.27 %

Boston

363.57

0.32 %

1.73 %

2.71 %

Charlotte

289.70

0.44 %

0.56 %

0.52 %

Chicago

237.47

0.95 %

1.60 %

6.90 %

Cleveland

210.60

0.98 %

1.08 %

4.13 %

Dallas

297.16

0.31 %

1.01 %

-0.66 %

Denver

317.59

0.19 %

0.24 %

-1.24 %

Detroit

--

--

1.11 %

--

Las Vegas

300.00

-0.07 %

0.29 %

-1.90 %

Los Angeles

453.21

0.38 %

0.59 %

1.39 %

Miami

451.98

0.32 %

0.61 %

2.27 %

Minneapolis

253.44

0.70 %

1.09 %

1.89 %

New York

352.23

1.03 %

1.39 %

4.79 %

Phoenix

326.26

-0.10 %

0.46 %

-0.88 %

Portland

334.30

0.27 %

0.51 %

-0.38 %

San Diego

450.34

-0.14 %

-0.17 %

1.05 %

San Francisco

371.01

-0.08 %

0.84 %

3.22 %

Seattle

393.21

-0.47 %

0.47 %

-1.95 %

Tampa

374.42

0.72 %

0.66 %

-1.19 %

Washington

344.05

0.40 %

0.75 %

1.70 %

Composite-10

373.49

0.52 %

0.95 %

2.94 %

Composite-20

350.20

0.43 %

0.89 %

2.10 %

U.S. National

336.66

0.37 %

0.70 %

1.52 %

Sources: S&P Dow Jones Indices and Cotality

Data through June 2026

Table 3 below shows a summary of the monthly changes using the seasonally adjusted (SA) and non-seasonally adjusted (NSA) data. Since its launch in early 2006, the S&P Cotality Case-Shiller Indices have published, and the markets have followed and reported on, the non-seasonally adjusted data set used in the headline indices. For analytical purposes, S&P Dow Jones Indices publishes a seasonally adjusted data set covered in the headline indices, as well as for the 17 of 20 markets with tiered price indices and the five condo markets that are tracked.

June / May Change (%)

May / April Change (%)

Metropolitan Area

NSA

SA

NSA

SA

Atlanta

0.24 %

-0.12 %

0.67 %

0.00 %

Boston

0.32 %

0.11 %

1.73 %

0.55 %

Charlotte

0.44 %

-0.03 %

0.56 %

-0.24 %

Chicago

0.95 %

0.35 %

1.60 %

0.54 %

Cleveland

0.98 %

0.48 %

1.08 %

-0.13 %

Dallas

0.31 %

-0.07 %

1.01 %

0.06 %

Denver

0.19 %

0.10 %

0.24 %

-0.33 %

Detroit

--

--

1.11 %

0.15 %

Las Vegas

-0.07 %

-0.50 %

0.29 %

-0.55 %

Los Angeles

0.38 %

0.39 %

0.59 %

0.28 %

Miami

0.32 %

-0.10 %

0.61 %

0.09 %

Minneapolis

0.70 %

0.15 %

1.09 %

-0.10 %

New York

1.03 %

0.72 %

1.39 %

0.50 %

Phoenix

-0.10 %

-0.40 %

0.46 %

-0.22 %

Portland

0.27 %

0.11 %

0.51 %

-0.21 %

San Diego

-0.14 %

-0.11 %

-0.17 %

-0.53 %

San Francisco

-0.08 %

0.31 %

0.84 %

0.21 %

Seattle

-0.47 %

-0.34 %

0.47 %

-0.27 %

Tampa

0.72 %

0.26 %

0.66 %

-0.22 %

Washington

0.40 %

0.41 %

0.75 %

0.13 %

Composite-10

0.52 %

0.35 %

0.95 %

0.30 %

Composite-20

0.43 %

0.24 %

0.89 %

0.18 %

U.S. National

0.37 %

0.13 %

0.70 %

0.02 %

Sources: S&P Dow Jones Indices and Cotality

Data through June 2026

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji.

FOR MORE INFORMATION:

Lemuel Brewster   
Americas Communications
(+1) 917 805 1089
[email protected]

S&P Dow Jones Indices' interactive blog, IndexologyBlog.com, delivers real-time commentary and analysis from industry experts across S&P Global on a wide range of topics impacting residential home prices, homebuilding and mortgage financing in the United States. Readers and viewers can visit the blog at www.indexologyblog.com, where feedback and commentary are welcomed and encouraged.

The S&P Cotality Case-Shiller Indices are published on the last Tuesday of each month at 9:00 am ET. They are constructed to accurately track the price path of typical single-family homes located in each metropolitan area provided. Each index combines matched price pairs for thousands of individual houses from the available universe of arms-length sales data. The S&P Cotality Case-Shiller U.S. National Home Price Index tracks the value of single-family housing within the United States. The index is a composite of single-family home price indices for the nine U.S. Census divisions and is calculated quarterly. The S&P Cotality Case-Shiller 10-City Composite Home Price Index is a value-weighted average of the 10 original metro area indices. The S&P Cotality Case-Shiller 20-City Composite Home Price Index is a value-weighted average of the 20 metro area indices. The indices have a base value of 100 in January 2000; thus, for example, a current index value of 150 translates to a 50% appreciation rate since January 2000 for a typical home located within the subject market.

These indices are generated and published under agreements between S&P Dow Jones Indices and Cotality, Inc.

The S&P Cotality Case-Shiller Indices are produced by Cotality, Inc. In addition to the S&P Cotality Case-Shiller Indices, Cotality also offers home price index sets covering thousands of zip codes, counties, metro areas, and state markets. The indices, published by S&P Dow Jones Indices, represent just a small subset of the broader data available through Cotality.

Case-Shiller® and Cotality® are trademarks of Cotality Case-Shiller, LLC or its affiliates or subsidiaries ("Cotality") and have been licensed for use by S&P Dow Jones Indices. None of the financial products based on indices produced by Cotality or its predecessors in interest are sponsored, sold, or promoted by Cotality, and neither Cotality nor any of its affiliates, subsidiaries, or predecessors in interest makes any representation regarding the advisability of investing in such products.

SOURCE S&P Dow Jones Indices

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.

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

Today's Change

(

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

(

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.

Premium Feature

Moneyball Superscore

89/100

Today's Change

(

0.60

%) $

3.57

Current Price

$

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.

The threats posed by artificial intelligence concern investors.

Allstate Corp cut its holdings in S&P Global Inc. (NYSE:SPGI – Free Report) by 6.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,291 shares of the business services provider’s stock after selling 2,175 shares during the quarter. Allstate Corp’s holdings in S&P Global were worth $12,336,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Joseph Group Capital Management bought a new position in S&P Global during the 4th quarter valued at approximately $29,000. North Star Investment Management Corp. raised its stake in S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC bought a new stake in S&P Global in the fourth quarter worth $36,000. Palisade Asset Management LLC bought a new stake in S&P Global in the third quarter worth $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global in the fourth quarter worth $39,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 0.0% S&P Global stock opened at $431.10 on Monday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $559.44. The stock has a fifty day simple moving average of $422.87 and a two-hundred day simple moving average of $424.74. 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 firm has a market cap of $127.09 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.94 and a beta of 1.07.

S&P Global (NYSE:SPGI – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the company posted $4.43 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities analysts predict that S&P Global Inc. will post 17.75 EPS for the current fiscal year. S&P Global Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s payout ratio is 23.69%.

Analyst Upgrades and Downgrades Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised their price target on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. Morgan Stanley dropped 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 note on Tuesday, July 7th. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research note on Saturday, July 4th. Finally, Citigroup lifted their target price on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $523.59.

Read Our Latest Report on SPGI

About S&P Global (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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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.

Bank of New York Mellon Corp lowered its position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,718,140 shares of the business services provider’s stock after selling 50,642 shares during the period. Bank of New York Mellon Corp owned about 0.58% of S&P Global worth $699,730,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SPGI. Norges Bank purchased a new stake in shares of S&P Global during the fourth quarter worth about $2,398,991,000. EdgePoint Investment Group Inc. purchased a new position in S&P Global during the 1st quarter valued at about $702,911,000. Cardano Risk Management B.V. raised its position in S&P Global by 858.3% during the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after purchasing an additional 1,576,544 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in S&P Global by 2,256.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after buying an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP lifted its holdings in S&P Global by 260.3% in the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after buying an additional 1,219,990 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes
Several equities analysts have recently issued reports on SPGI shares. Royal Bank Of Canada reduced their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Robert W. Baird decreased their price objective on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. BMO Capital Markets increased their price target on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Finally, Zacks Research cut S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $523.59.

View Our Latest Stock Analysis on S&P Global
S&P Global Trading Up 1.2%
S&P Global stock opened at $431.70 on Friday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $559.44. The company has a market capitalization of $127.27 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. The business’s fifty day simple moving average is $422.64 and its two-hundred day simple moving average is $425.42. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. S&P Global’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s payout ratio is currently 23.69%.

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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Asia's premier energy summit brings together 1,500 leaders amid unprecedented market volatilityKey topics: crude supply, maritime trade, upstream regrowth, downstream resilience, biofuels, AI and digitalisation, /PRNewswire/ -- S&P Global Energy will host the 42nd annual Asia Pacific Petroleum Conference (APPEC) from September 7–10, 2026, at Raffles City Convention Centre in Singapore. This year's event convenes 1,500 global industry leaders to address supply chain disruptions, shifting trade corridors, and the commercial realities of securing energy in a fragmented world.

APPEC is Asia's cornerstone energy event, guiding industry through historic shifts for over four decades. The 2026 edition comes amid real-time recalibration in oil and natural gas sectors, focusing on trade corridor volatility, energy security, and market resilience.

Ms. Gan Siow Huang, Minister of State, Ministry of Foreign Affairs & Ministry of Trade and Industry for Singapore, will deliver the opening address. More than 180 speakers – including S&P Global Energy specialists – will share insights across oil, natural gas, chemicals, biofuels, and shipping.

"APPEC is where the energy industry of Asia and the world-over meet to exchange critical intelligence. While its convening has guided the industry through many historic shifts across the last four decades, 2026 stands apart," said Dave Ernsberger, President, S&P Global Energy. "This year, theoretical risks have become physical realities, redrawing the trade map and making APPEC's dialogues especially relevant."

To reflect today's market complexities, APPEC 2026 has expanded its program to explore key themes across seven interconnected streams:

Oil Markets: Asia's evolving crude supply map, global balance sheet, sanctions, refining capacity, demand trends Energy Security: LNG supply choices, upstream regrowth, resilience for import-dependent economies Shipping & Bunker: Maritime trade, freight economics, bunker supply constraints, fuel mix transition Trading: Managing price swings, procurement strategies, trader playbook AI & Digitalisation: Future trading desks, automation, digital shipping corridors Chemicals: Portfolio transformation, feedstock pricing, market updates Biofuels: SAF supply chain, feedstock dynamics, policy and procurement For the complete list of speakers and the latest agenda, visit APPEC 2026 Speakers.

To register, visit APPEC Registration.

Media Accreditation:

Members of the media interested in covering APPEC 2026 must apply for accreditation by emailing [email protected]

Media Contacts:
May Kek, S&P Global Energy, +65-93737164, [email protected]

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). S&P Global 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. Learn more at www.spglobal.com/energy

View original content to download multimedia:https://www.prnewswire.com/news-releases/sp-global-energys-asia-pacific-petroleum-conference-appec-to-address-supply-chain-disruptions-and-asias-evolving-energy-landscape-302854606.html

SOURCE S&P Global Energy

BlackRock Inc. cut its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 0.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 23,981,586 shares of the business services provider’s stock after selling 89,866 shares during the period. BlackRock Inc. owned approximately 8.13% of S&P Global worth $9,766,741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Joseph Group Capital Management purchased a new position in shares of S&P Global in the fourth quarter valued at $29,000. North Star Investment Management Corp. lifted its holdings in S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares in the last quarter. Palladiem LLC purchased a new position in S&P Global in the 4th quarter valued at about $36,000. Palisade Asset Management LLC acquired a new stake in shares of S&P Global during the third quarter valued at about $36,000. Finally, Swiss RE Ltd. purchased a new stake in shares of S&P Global during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades SPGI has been the topic of several recent analyst reports. Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday, July 4th. Morgan Stanley lowered their price objective on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Citigroup lifted their price objective on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Barclays reduced their target price 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 analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $523.59.

Read Our Latest Research Report on S&P Global S&P Global Stock Down 2.0% Shares of S&P Global stock opened at $410.48 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The firm has a market cap of $121.01 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.88 and a beta of 1.07. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $559.60. The business has a 50-day moving average price of $422.40 and a 200 day moving average price of $427.58.

S&P Global (NYSE:SPGI – Get Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.09 billion. During the same quarter last year, the business posted $4.43 EPS. S&P Global’s quarterly 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. On average, sell-side 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 company 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. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 23.69%.

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 (SPGI -0.92%) closed Friday at $418.80, about 28% below its 52-week high of $579.05. Visa (V -0.36%) and Mastercard (MA +0.40%) closed the same session about 3% and 5% below their own highs, respectively.

It's a striking gap, because these three businesses have a lot in common. All of them collect fees on activity flowing through their systems (card payments for the two networks, debt ratings and index licensing for S&P Global), and none of them takes on lending risk to earn those fees.

And as of this week, all three share a prominent new shareholder. Pershing Square, the investment firm run by billionaire Bill Ackman, disclosed stakes of about $1.1 billion in each in its second-quarter 13F filing.

Why has one of the three spent the past year falling while the other two sat near record highs?

Image source: Getty Images.

S&P Global: a harder year than the business deserved
Some of the gap is mechanical. On July 1, S&P Global completed the spin-off of its Mobility division, the auto-data business best known for CARFAX, handing shareholders one share of the newly independent Mobility Global for each S&P Global share they owned. Those shares trade around $20 as of this writing. Add them back, and an investor who held through the separation is down closer to 24% from the high, not 28%.

The rest is a rerating -- the market paying less for each dollar of earnings -- and it traces to the company's growth mix.

Second-quarter revenue, excluding the now-spun-off Mobility business, rose 11% year over year to $3.7 billion, and the headline businesses were excellent. Ratings revenue climbed 17% to $1.3 billion, accelerating from about 13% growth in the first quarter, while Indices, the business behind benchmarks like the S&P 500 (^GSPC -0.17%), grew revenue 20% to $534 million.

"We delivered another strong quarter, with record results in two of our benchmark businesses," said CEO Martina Cheung in the earnings release, pointing to those two divisions.

However, the other half of the company is moving much slower. Market Intelligence, a division nearly as large as Ratings by revenue, grew 6% in the quarter, and the Energy division grew just 2%.

S&P Global's non-GAAP (adjusted) earnings per share still rose an impressive 23% to $4.83, helped by expanding margins and buybacks. Also worth noting: the company has repurchased $1.5 billion of stock this year and expects to top $7 billion for 2026.

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Visa: the definition of steady
Visa's latest quarter, its fiscal third of 2026 (the period ended June 30), showed why the market rarely lets the stock get cheap. Net revenue rose 14% year over year to $11.6 billion, payments volume grew 10% in constant dollars, and processed transactions climbed 10% to 71.7 billion. Adjusted earnings per share rose 11% to $3.32, and GAAP net income came to $5.6 billion.

There's no cycle to argue about in those numbers. Visa's growth comes from billions of consumers spending a little more and swiping a little more often -- activity that tends to grind higher through most economic backdrops.

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Mastercard: the same quarter, essentially
Mastercard's second quarter looked remarkably similar. Net revenue rose 14% year over year (12% in constant currency) to $9.3 billion, and cross-border volume grew 12%. Notably, the company's value-added services revenue (the security, analytics, and consulting it sells around its network) climbed 20%.

The two card networks run on the same engine of steady consumer spending, with faster-growing services layered on top. The market can model their next quarter with unusual confidence, and it seems happy to pay up for that confidence.

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Steadiness gets the premium
That, I'd argue, is what separated the charts. Visa and Mastercard deliver roughly 14% growth quarter after quarter from a single dependable source. But S&P Global's biggest business, Ratings, depends on how much debt companies choose to issue, an activity that can swing sharply from year to year. The index business tied to the S&P 500 is steadier, but it is also far smaller. And about half of the company's revenue is growing 6% or slower right now.

The valuations reflect that difference. Visa and Mastercard both trade at about 31 times their earnings over the past year. S&P Global trades at about 25 times, and at roughly 24 times the midpoint of its own 2026 adjusted earnings guidance.

Sure, the networks earn their premium. Their growth is steadier, and steadier growth may always cost more. But S&P Global's chart overstates what went wrong. Part of the decline left with the spin-off, and the company just posted records in its two most important divisions while growing adjusted earnings per share 23%. In short, the discount looks deserved. The size of it, arguably, no longer does.

In the news release, CARFAX Report Now Delivers Future Reliability Based on a Vehicle's Unique VIN-Specific History, issued April 7, 2026 by CARFAX over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

CARFAX Report Now Delivers Future Reliability Based on a Vehicle's Unique VIN-Specific HistoryCARFAX Report Predicts a Specific Vehicle's Future to Help Shoppers Choose with Confidence

, /PRNewswire/ -- With CARFAX data, consumers can now compare the future Reliability of specific cars they might consider buying, which will help them confidently make the right choice for their next vehicle purchase. CARFAX's future Reliability gives shoppers the long-term perspective they need to choose the right vehicle. As the leader in ownership, service, and damage history, CARFAX is uniquely positioned to provide future Reliability insights at the individual vehicle level, setting a new standard for helping millions of people make better informed decisions when buying and owning a vehicle.

"This marks an important milestone for CARFAX and for the people who rely on our data every day," said Paul Nadjarian, Chief Product Officer at CARFAX. "With over 151,000 data sources and more than 35 billion records, we're introducing a powerful new insight into a vehicle's lifecycle. Much like a crystal ball, our future Reliability will help shoppers understand the road ahead, including what repairs to anticipate and what they may cost, and soon, insights into how long that car will last – empowering consumers to buy with confidence and help them plan ahead."

CARFAX Report: Past, Present, Future (PRNewsfoto/CARFAX) Future Reliability now appears prominently at the top of the CARFAX Report as part of a newly redesigned header that presents a vehicle's story at a glance through three powerful lenses: Past, Present, and Future.

Past: Detailed ownership, service, and damage history for that specific vehicle Present: History-Based Value based on the vehicle's unique VIN-specific history Future Reliability: Insights only CARFAX can provide, helping consumers understand future dependability, needed to help them confidently choose the right vehicle With future Reliability on the CARFAX Report, dealers are already seeing increased consumer confidence as they share a more complete picture of each specific vehicle, enabling more informed conversations.

"It gives the consumer more data to help them make a purchase. Data from a reliable source like CARFAX will help build value in the vehicle and the price," said a dealer near Keene, New Hampshire. 

View millions of new and used car listings, all linked to a free CARFAX Report, only at Carfax.com and the CARFAX app.

Editor's note: Carfax is the first and sole provider of a reliability product that predicts the likelihood of repairs over the next three years. Visit Carfax.com and search for vehicles to see free CARFAX Reports with the new header. Interviews are available. Please contact Em Nguyen at [email protected].

About CARFAX

CARFAX, part of S&P Global Mobility, helps millions of people every day confidently shop, buy, service, and sell cars with innovative solutions powered by CARFAX® vehicle history information. The expert in vehicle history since 1984, CARFAX provides CARFAX Car Listings, CARFAX Car Care, CARFAX History-Based Value , and the flagship CARFAX Vehicle History Report to consumers and the automotive industry. CARFAX owns the world's largest vehicle history database and is nationally recognized as a top workplace by The Washington Post. Shop, Buy, Service, Sell – Show me the CARFAX®.

S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets.

Correction: CARFAX removed language suggesting it is the first or only provider of a VIN-specific reliability product. 

SOURCE CARFAX

S&P Global's proprietary data and deep domain expertise is further integrated directly into Microsoft 365 Copilot and the broader Microsoft ecosystem customers use every day Enables real-time, traceable and contextual insights to support faster research, analysis and decision-making , /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced an expanded collaboration with Microsoft to integrate the breadth of S&P Global AI-ready data, insights and analytics into Microsoft 365 Copilot workflows and agentic experiences. The collaboration gives customers a seamless way to access S&P Global intelligence within the Microsoft tools they already use, helping them move from complexity to clarity faster with information that is transparent, traceable and grounded in trusted sources.

As organizations increasingly use AI to navigate growing volumes of information, the quality, context, and traceability of the underlying data are essential. The integration is enabled by the S&P Global AI Data Portal's Deterministic Retrieval solution (also known as the Kensho LLM-ready API), which allows Microsoft 365 Copilot and related experiences to access S&P Global content with accurate, cited, and verifiable results. 

"Our collaboration with Microsoft is shaping the next era of AI-ready data and intelligence-driven workflows. We are meeting clients where they work, embedding S&P Global's trusted, high-quality data directly into their workflows and unlocking agentic capabilities that turn insight into action and enable faster, more informed decision-making," said Sally Moore, Chief Client Officer and Co-Head of Market Intelligence at S&P Global. "Together, we are accelerating how clients drive growth, manage risk and capture opportunity in an increasingly complex and fast-moving market."

Building on the existing integration of S&P Global Energy AI Ready Data in Microsoft 365 Copilot, this expanded collaboration brings S&P Global capabilities into the Microsoft ecosystem in a way that supports how customers already work. Rather than placing data into a standalone AI environment, the solution connects licensed S&P Global content to Microsoft 365 Copilot experiences, including a Copilot in Excel connector for analyst workflows and a plugin for agentic experiences in Copilot Cowork.

"As organizations move from experimenting with AI to operationalizing it across the enterprise, access to trusted, domain-specific data becomes a critical differentiator," said Bill Borden, Corporate Vice President, Worldwide Financial Services, Microsoft. "By integrating S&P Global's essential intelligence directly into Microsoft 365 Copilot and agentic experiences, we're bringing the power of data and AI into the flow of work, helping financial institutions make faster, more confident decisions with transparency, context and traceability at every step."

Customers will be able to apply S&P Global intelligence to tasks such as company research, financial analysis, transcript intelligence, peer benchmarking and competitive analysis without leaving Microsoft 365. The experience maintains context and source attribution, helping users produce more reliable outputs in AI-enabled workflows.

Key capabilities include:

Data connectivity and governance: Establishes a secure, connected foundation for accessing S&P Global content within Microsoft AI experiences Analytics in Copilot in Excel: Integrates S&P Global's essential intelligence directly into modeling, research and reporting, users can query data, compare entities and generate analysis within a familiar spreadsheet interface Copilot-enabled workflows: Extends S&P Global data into multi-step analysis processes within Microsoft 365 AI-ready data access: Supports trusted data retrieval for use in Microsoft 365 Copilot with source attribution Connectivity: Integrates intelligence directly into productivity tools, reducing manual data preparation Industry-specific use cases: Supports financial and energy analysis within Microsoft 365 environments This launch follows S&P Global's recently announced evolution of its Market Intelligence operating model, which brings together data, AI, software, and workflow capabilities to better support how customers discover and consume intelligence. It reflects the role of the newly formed Kensho Data Platforms vertical in delivering world-class client interfaces, including Capital IQ Pro, to create more AI-native user experiences and make proprietary intelligence easier to access, connect, and act on.

To learn more about S&P Global's Microsoft 365 Copilot integration, click here. 

Media Contacts:
Becca Loveridge
S&P Global Market Intelligence
+1 239 273 9566
[email protected] 
[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.

SOURCE S&P Global

Dan Yergin, S&P Global, joins 'The Exchange' to discuss why copper is the best poised commodity for the AI boom.

© Worawee Meepian / iStock via Getty Images

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.

Contact [email protected] for any questions or corrections.

LONDON, Aug. 4, 2026 /PRNewswire/ -- S&P Global Ratings, the world's leading provider of independent credit ratings, today announced that six of the 11 stablecoins covered by its Stablecoin Stability Assessments (SSAs) have an adequate or above ability to maintain their peg to the fiat currency. Over the past three quarters, S&P Global Ratings revised two of its 11 SSAs to a weaker level, while the other nine SSAs remained unchanged.

Posted by Defense World Staff on Aug 3rd, 2026

First National Bank of Mount Dora Trust Investment Services lessened its stake in S&P Global Inc. (NYSE:SPGI – Free Report) by 15.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,497 shares of the business services provider’s stock after selling 2,298 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in S&P Global were worth $5,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dorsey Asset Management LLC bought a new position in S&P Global in the first quarter valued at about $94,716,000. Troy Asset Management Ltd grew its holdings in shares of S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after purchasing an additional 8,652 shares during the last quarter. Capital International Inc. CA increased its position in S&P Global by 11.6% during the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after purchasing an additional 7,343 shares in the last quarter. V Square Quantitative Management LLC bought a new position in S&P Global in the 4th quarter valued at approximately $3,652,000. Finally, Bartlett & CO. Wealth Management LLC boosted its position in S&P Global by 2.3% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 120,642 shares of the business services provider’s stock valued at $63,047,000 after buying an additional 2,672 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance Shares of NYSE SPGI opened at $412.24 on Monday. The company has a market capitalization of $121.53 billion, a PE ratio of 25.17, a P/E/G ratio of 2.19 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The firm has a fifty day simple moving average of $423.91 and a 200 day simple moving average of $437.27.

S&P Global (NYSE:SPGI – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping 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 firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company posted $4.43 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 17.74 EPS 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. Stockholders 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 dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 23.69%.

Analyst Ratings Changes SPGI has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a report on Friday, July 17th. The Goldman Sachs Group dropped their target price on 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. Robert W. Baird reduced their price target on S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Wells Fargo & Company dropped their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $523.59.

Check Out Our Latest Stock Analysis on S&P Global

Key S&P Global News Here are the key news stories impacting S&P Global this week:

Positive Sentiment: Wells Fargo issued a Buy rating on S&P Global, adding to the bullish case for the stock. Wells Fargo Releases a Buy Rating on S&P Global Positive Sentiment: Citigroup said S&P Global’s stock price is expected to rise, providing a positive counterpoint to the more cautious views from other analysts. Citigroup Analyst Says S&P Global Stock Price Expected to Rise Positive Sentiment: S&P Global agreed to acquire a stake in African ratings firm Agusto, expanding its presence in a developing credit-markets region and potentially supporting long-term growth. S&P Global Buys Into African Ratings With Agusto Deal Positive Sentiment: An investment analysis described the recent selloff as a potential buying opportunity, arguing that the company’s long-term fundamentals remain attractive. S&P Global: Why This Selloff Is a Rare Buying Opportunity Neutral Sentiment: Analysts remain divided on S&P Global, with bullish ratings offset by concerns about valuation and earnings estimates. Analysts Conflicted on S&P Global Neutral Sentiment: S&P Global underperformed some industry peers in the latest trading session, indicating weaker near-term market momentum. S&P Global Stock Underperforms Competitors Negative Sentiment: Robert W. Baird issued a pessimistic forecast for S&P Global’s stock price, adding pressure to the shares. Robert W. Baird Issues Pessimistic Forecast Negative Sentiment: JPMorgan Chase also issued a cautious stock-price forecast, reinforcing concerns about limited upside. JPMorgan Issues Pessimistic Forecast Negative Sentiment: Erste Group Bank reduced its FY2027 earnings-per-share forecast, signaling expectations for slower future profit growth. Erste Group Bank Cuts S&P Global FY2027 EPS Forecast Negative Sentiment: One valuation analysis called the stock slightly overvalued even after its substantial decline, which may discourage near-term buyers. S&P Global Stock Looks Slightly Overvalued 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 (SPGI) exemplifies a capital-light, competitively advantaged, and resilient business model ideal for long-term holding. SPGI's core offerings—risk management, benchmark data, and credit evaluation—are increasingly vital amid market volatility and geopolitical risks. A leaner, spun-off SPGI is quietly getting better, not worse — the Mobility separation streamlines the business into a higher-margin faster growing business.

Key Takeaways SPGI reported Q2 adjusted EPS of $4.83 and revenue of $3.68 billion after the Mobility spin-off.SPGI expanded AI adoption, with over 500 customers using solutions and LLM-ready API calls surging.SPGI raised its 2026 buyback target above $7 billion while focusing on benchmark businesses. S&P Global Inc. (SPGI - Free Report) used its second-quarter earnings call to highlight progress after the Mobility spin-off while emphasizing benchmark businesses, artificial intelligence (AI) adoption and capital returns.

Management outlined a sharper four-division structure, raised its share repurchase target and maintained its focus on profitable growth opportunities across ratings, indices, energy and market intelligence.

SPGI Sharpens Post-Spin StrategySPGI reported adjusted EPS of $4.83, above the Zacks Consensus Estimate of $4.49, while revenue reached $3.68 billion on a pro forma basis versus the $3.65 billion estimate. Adjusted EPS increased 23% year over year, supported by stronger profitability.

CEO Martina Cheung said the company’s quarter after completing the Mobility spin-off demonstrated the strength of its benchmark businesses. She highlighted 11% revenue growth and 200 basis points of adjusted margin expansion during the second quarter.

Management emphasized that benchmark operations now represent nearly two-thirds of revenue and more than 80% of operating profits, reinforcing the company’s focus on scalable, high-margin businesses.

S&P Global Expands AI MonetizationS&P Global highlighted continued adoption of its AI offerings, including Kensho LLM-ready APIs and MCP-connected solutions. Management said the number of customers using these solutions surpassed 500, increasing more than 70% quarter over quarter.

Cheung said customers using AI solutions are growing faster than average within Market Intelligence and Energy. She noted API usage increased significantly, with second-quarter LLM-ready API call volume more than five times the prior quarter.

CFO Eric Aboaf said AI monetization efforts include consumption pricing and additional data set pricing as customer usage expands. Management also noted internal AI and productivity initiatives are targeting $100 million in annualized cost savings.

SPGI Sees Strength in Ratings and IndicesSPGI’s Ratings division delivered record quarterly revenue, with revenue rising 17% year over year. Management pointed to stronger issuance activity, including investment-grade issuance tied to technology infrastructure, data centers and mergers and acquisitions.

The company said billed issuance increased 25% year over year in the quarter, while updated expectations call for mid- to high-single-digit growth in billed issuance for the full year.
Indices also posted record results, with revenue increasing 20% year over year. Management cited strong asset-linked fees, exchange-traded derivatives activity and continued inflows tied to S&P Dow Jones Indices products.

S&P Global Addresses Energy HeadwindsS&P Global said Energy revenue growth faced near-term pressure from geopolitical volatility, including the Iran conflict, which affected contract renewals and customer activity. Management maintained that these pressures are cyclical while long-term demand drivers remain intact.

Energy revenue increased 2% in the quarter on a reported basis, with Platts benefiting from demand for price assessments while some trading-related activity remained challenged.

Cheung also highlighted investments in data center and energy transition opportunities, including the acquisition of datacenterHawk to expand capabilities tied to AI infrastructure demand.

SPGI Restructures Market IntelligenceSPGI is reorganizing Market Intelligence around Kensho Data & Platforms and Enterprise Solutions. Management said the changes are designed to simplify operations, improve profitability and better align products with customer needs.
Market Intelligence revenue grew 6% in the quarter, supported by AI solutions, data feeds and strategic products.

Management said some mature platforms will receive greater productivity focus while higher-growth offerings receive additional investment.

During Q&A, a Barclays analyst asked about the strategic changes in Market Intelligence and Energy. Cheung responded that the company was simplifying execution rather than changing strategy, with greater focus on customer alignment.

S&P Global Maintains Outlook FocusS&P Global raised its 2026 share repurchase target to more than $7 billion, with management expecting buybacks to represent more than 5% of current market capitalization. The company plans to use proceeds from the Mobility spin-off and additional debt capacity to support returns.

Management expects 2026 organic constant currency revenue growth of 6% to 8% and adjusted EPS of $17.50 to $17.75. It also expects adjusted operating margin expansion excluding OSTTRA of 75 to 100 basis points.

Cheung’s overall message centered on executing the company’s simplified structure, expanding AI capabilities and investing in benchmark businesses while improving efficiency.

Zacks SignalsSPGI carries a Zacks Rank #5 (Strong Sell), indicating the stock currently has the weakest ranking in the Zacks Rank system based on earnings estimate revisions. The Zacks Rank can change after newly released results as analysts update their earnings expectations.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The stock has a Value Score of F, Growth Score of C, Momentum Score of D and VGM Score of F. Zacks Style Scores range from A to F, with stronger scores reflecting more favorable characteristics for the related investment style.