S&P Global (SPGI)
NYSE:SPGI
Want to see SPGI full AI Analyst Report?
Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
4.93Last Year’s EPS
4.43Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong underlying operational momentum: double-digit reported revenue growth, robust adjusted EPS growth (+14%), broad-based margin expansion across divisions, substantial AI adoption and product traction (rapid API and AI feature usage), and continued shareholder returns and portfolio optimization. Headwinds were concentrated in Energy due to the Iran conflict (supply chain disruption, sanctions, and near-term demand suppression), a notable decline in bank loan volumes, and elevated expenses related to strategic investments and acquisitions. Management reiterated enterprise guidance (6%–8% organic growth) but lowered Energy guidance and highlighted second-half and Ratings cadence risks. Overall, the positive indicators (revenue, margins, AI-driven engagement, indices and ratings strength, capital returns, and successful product launches) materially outweigh the near-term energy- and timing-related challenges.Company Guidance
Revenue Growth
Reported revenue increased 10% year-over-year (9% organic constant currency).
Subscription and ACV Performance
Subscription revenue increased 6% year-over-year; ACV growth in Market Intelligence roughly matched subscription growth (~6%).
Earnings and Margin Expansion
Adjusted diluted EPS grew 14% year-over-year. Company delivered meaningful margin expansion: 100 bps year-on-year operating margin expansion to 51.8% (enterprise); trailing 12-month margin expansion of 140 bps per management.
Division-Level Profitability Gains
Substantial margin expansion across divisions: Ratings +160 bps to 67.8%, Energy +120 bps to 49.3%, Indices +90 bps to 73.8%, Mobility +150 bps to 40%, Market Intelligence +80 bps to 33.6%.
Strong Ratings and Issuance Activity
Billed issuance rose 14% year-over-year in Q1, driven by investment grade (including hyperscaler issuance). Ratings revenue increased 13% YoY; transactional revenue +15%; private markets revenues +25%; non-transactional revenue +11%.
Indices Momentum
S&P Dow Jones Indices revenue rose 17% YoY; asset-linked fees +18%, exchange-traded derivatives revenue +18%, and data & custom subscriptions +12%.
AI and Product Adoption Acceleration
Rapid adoption of AI capabilities: API call volumes >5x quarter-over-quarter, month-over-month volumes doubled from February to March; more than 300 customers under contract or trial for Kensho LLM-ready APIs; over one-third of CapIQ Pro users engage AI features; ACV growth among AI customers outpacing others (Market Intelligence ~30% higher; Energy AI customers growing ~2x).
Events and Client Engagement
Record CERAWeek attendance and revenue (11,000 attendees, 2,300+ companies) and record revenue in Global Trading Services and Energy; early positive customer response to new Upstream platform 'CERA Titan' including a large renewal with meaningful contract value increase.
Capital Allocation and Shareholder Returns
Returned $1.0 billion to shareholders via share repurchases in Q1; company plans to increase repurchases to at least 100% of adjusted free cash flow (~$4.5 billion for the year) and intends to manage leverage (current ~2.3x TTM EBITDA expected to be ~2.4x after Mobility separation).
Strategic M&A and Portfolio Actions
Integration of With Intelligence contributing to growth (Market Intelligence revenue +8% reported, +6% organic; With Intelligence contributed ~6 ppts to Data Analytics & Insights growth) and announced divestiture of Upstream software portfolio to focus on proprietary Data & Insights (software ~25% of Upstream revenues).
SPGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SPGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $437.22 | $433.47 | -0.86% |
Feb 10, 2026 | $443.16 | $400.15 | -9.71% |
Oct 30, 2025 | $471.03 | $489.47 | +3.92% |
Jul 31, 2025 | $526.15 | $547.79 | +4.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does S&P Global (SPGI) report earnings?
S&P Global (SPGI) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is S&P Global (SPGI) earnings time?
S&P Global (SPGI) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPGI EPS forecast?
SPGI EPS forecast for the fiscal quarter 2026 (Q2) is 4.93.
