S&P Global Q2 revenue beats estimates on divisional growth
SPGI•Drivers and analyst context
Margin improvement was driven primarily by growth and margin expansion in the Ratings, Indices and Market Intelligence divisions, the company said.
CEO Martina Cheung said the company posted record results in its Ratings and Indices businesses and saw continued rapid adoption and expansion of its AI solutions.
The current average analyst rating on the shares is "buy," with 25 strong buy or buy ratings, three hold ratings and no sell or strong sell ratings. The median 12-month price target is $525.00, about 19.4% above the July 27 closing price of $439.83.
The stock recently traded at 23 times next-12-month earnings, versus 20 three months ago.
Q2 results beat estimates on divisional growth
S&P Global said second-quarter revenue rose 10% and beat analyst expectations, while adjusted earnings per share also topped estimates, rising 23% year over year.
The company repurchased $500 million in shares in the quarter and expects more than $7 billion in buybacks in 2026.
2026 outlook
S&P Global expects 2026 revenue growth of 5.9% to 7.9%, excluding Mobility.
The company sees 2026 adjusted diluted EPS of $17.50 to $17.75.
S&P Global expects to repurchase more than $7 billion in shares in 2026.
