S&P Global Q2 revenue beats estimates on divisional growth

Overview

• US financial data provider's Q2 revenue rose 10%, beating analyst expectations

• Adjusted EPS for Q2 beat analyst expectations, rising 23% year over year

• Company repurchased $500 mln in shares in Q2, expects over $7 bln in 2026 buybacks

Outlook

• S&P Global expects 2026 revenue growth of 5.9% to 7.9%, excluding Mobility

• Company sees 2026 adjusted diluted EPS of $17.50 to $17.75

• S&P Global expects to repurchase more than $7 bln in shares in 2026

Result Drivers

• DIVISIONAL GROWTH - Margin improvement was driven primarily by growth and margin expansion in Ratings, Indices, and Market Intelligence divisions

• RECORD PERFORMANCE - Co reported record results in Ratings and Indices businesses, per CEO Martina Cheung

• AI ADOPTION - Co saw continued rapid adoption and expansion of its AI solutions

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the professional information services peer group is "buy"

• Wall Street's median 12-month price target for S&P Global Inc is $525.00, about 19.4% above its July 27 closing price of $439.83

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)