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S&P Global (SPGI)
NYSE:SPGI
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
4.82Last Year’s EPS
4.37Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive tone: S&P Global reported strong full-year results (revenue growth, margin expansion, 14% EPS growth), meaningful strategic progress (AI product launches, private markets growth, rapid With Intelligence integration), solid subscription momentum, and constructive 2026 guidance (6%–8% organic growth, margin expansion, 9%–10% EPS growth). The company also acknowledged several material near-term headwinds — sanctions, volume-driven revenue volatility (particularly bank loans and MI volume products), Energy Transition softness, integration-related expenses, and macro/geopolitical uncertainty that could weigh on issuance-sensitive businesses. Overall, executives framed these as manageable, with productivity initiatives and AI-enabled efficiencies expected to drive long-term margin and revenue benefits.Company Guidance
Strong Full-Year Financial Performance
Reported revenue grew 9% for FY2025 with organic constant-currency revenue up 8%; adjusted diluted EPS grew 14% year-over-year and finished the year at the high end of guidance.
Margin Expansion and Expense Discipline
Adjusted operating margin expanded 60 basis points year-over-year to 47.3% (130 bps ex-OSTTRA), demonstrating continued margin expansion alongside strategic reinvestments.
Capital Return to Shareholders
Returned 113% of adjusted free cash flow to shareholders, announced 53rd consecutive dividend increase and repurchased more than $5 billion in stock in 2025; plan to execute roughly $1 billion more buybacks in early 2026.
Private Markets Momentum
Private Markets revenue grew 16% year-over-year, driven primarily by Ratings and Market Intelligence, with new product launches (private equity benchmarks/indices) and acquisitions/partnerships (With Intelligence, Cambridge Associates/Mercer).
Ratings and Indices Strong Performance
Ratings revenue increased 12% (10% organic) with transaction revenue +12% and non-transaction +11%; Ratings operating margin expanded 210 bps to 61.8%. S&P Dow Jones Indices revenue grew 14%, ETD revenue +20%, and Indices margin expanded 90 bps to 68.8%.
Subscription Business Momentum (Market Intelligence & Energy)
Market Intelligence subscription revenue (≈85% of MI) grew ~7% in the quarter (organic cc growth ~5–7%); Energy subscription offerings and benchmarks showed demand with Energy revenue up 6% in the quarter and Price Assessments +8%.
Productivity & Enterprise Data Office Progress
EDO automation processed over half of all data workflows, eliminated >10% of applications, and targets >20% run-rate expense reduction by end of 2027; early productivity gains already realized.
Rapid Integration of With Intelligence
Acquisition closed at end of November; linked >75% of fund manager/investor datasets in <1 month, enabled SSO via Capital IQ Pro in January, held 20 regional training sessions and generated >200 new sales leads/cross-sell opportunities within first 60 days; realized cost synergies and accelerated close (sub-6 weeks).
AI Advancement and Product Innovation
Broad AI rollout across divisions (new AI products and features, platform-agnostic GenAI collaborations with major tech partners); early paid add-ons (e.g., automated data ingestion for iLEVEL) showing strong initial adoption (~20% opt-in within 6 months).
Forward Guidance
2026 guidance calls for organic constant-currency revenue growth of 6%–8%, adjusted operating margin expansion of 50–75 bps (ex-OSTTRA), and adjusted diluted EPS of $19.40–$19.65 (9%–10% growth).
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 |
|---|---|---|---|
Feb 10, 2026 | $444.19 | $401.08 | -9.71% |
Oct 30, 2025 | $472.12 | $490.61 | +3.92% |
Jul 31, 2025 | $527.37 | $549.06 | +4.11% |
Apr 29, 2025 | $476.71 | $489.03 | +2.58% |
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 May 05, 2026, Before Open (Confirmed).
What is S&P Global (SPGI) earnings time?
S&P Global (SPGI) earnings time is at May 05, 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 (Q1) is 4.82.
