S&P Global Q2: Revenue Climbs 10%, EPS Jumps 18%, Mobility Spin-Off Wraps Up
SPGI sits 18% above its 52-week low of $360.945.
Summary
S&P Global posted Q2 revenue of $4.15B (+10% YoY) and EPS of $4.12 (+18%), with all segments growing. The Mobility spin-off was completed, and the company announced two acquisitions alongside continued aggressive buybacks.
Key Events · Earnings and Guidance · SPGI
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Q2 Revenue +10%, EPS +18%
Revenue reached $4.146B, up 10% year over year, while net income attributable to S&P Global rose 14% to $1.217B. Diluted EPS came in at $4.12, an 18% increase.
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Ratings Transaction Revenue Surges 25%
Ratings transaction revenue jumped to $746M, driven by strong investment-grade corporate bond issuance. Non-transaction revenue grew 8%, supported by higher surveillance and RES activity.
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Mobility Spin-Off Completed
The separation of Mobility Global became effective July 1, 2026, with S&P Global shareholders receiving one share of MBGL for each SPGI share held. Starting in Q3 2026, Mobility results will be treated as discontinued operations.
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Aggressive Capital Return
Through ASR agreements, the company repurchased $1.5B of shares in the first half of 2026. The board raised the quarterly dividend to $0.97 per share, and 28.4M shares remain under the current repurchase authorization.
Analysis · SPGI · Trade & Services
A strong second quarter saw revenue climb 10% to $4.15B and net income rise 14% to $1.22B, fueled by double-digit growth across every segment. Ratings transaction revenue surged 25%, reflecting robust investment-grade issuance. The Mobility spin-off closed on July 1, reshaping the company into four focused segments. Meanwhile, the board expanded the buyback program, with $1.5B repurchased in the first half. Operating margins widened to 44%, underscoring operating leverage. Two bolt-on acquisitions were also announced, adding African ratings coverage and data center intelligence. The results confirm the company's ability to compound earnings through cycles.
At the time of this filing, SPGI was trading at $425.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $125.6B. The 52-week trading range was $360.94 to $547.70. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.