S&P Global Recasts 2025 Results Without Mobility; June PMI Shows Growth in All Seven Sectors
SPGI•S&P Global released recast pro forma financials for full-year 2025 and Q1 2026, stripping out its Mobility division after the July 1 spin-off and reallocated expenses across four remaining divisions. U.S. Sector PMI showed growth in all seven tracked categories in June, signaling broad expansion ahead of S&P’s second-quarter earnings.
1. Mobility Spin-Off and Recast Financials
On July 1, 2026, S&P Global completed the spin-off of its Mobility business into a standalone publicly traded company and issued recast financial statements removing Mobility’s contribution to align historical data with its new four-division operating model.
2. Recast Figures and Segment Adjustments
The revised figures cover full-year 2025, each quarter of 2025 and Q1 2026, incorporating inter-segment adjustments and updated expense allocation methodologies across the remaining Ratings, Indices, Commodity Insights and Market Intelligence divisions, including a refreshed Energy segment presentation.
3. Outlook Revision Timeline
S&P Global will issue updated 2026 financial guidance when it reports second-quarter earnings on July 28, reflecting the impact of the Mobility spin-off and providing investors with pro forma outlook metrics.
4. June U.S. Sector PMI Expansion
S&P Global’s U.S. Sector PMI data for June showed expansion in all seven monitored sectors, indicating broad-based economic growth that could support demand for the company’s index, analytics and risk-assessment services.
