Overview
- S&P Global, which reported Tuesday, delivered revenue of $4.171 billion up 10% year over year and adjusted EPS of $4.97 that topped estimates.
- Growth was led by Ratings up 13% to about $1.30 billion and Indices up 17% to $519 million, and the adjusted operating margin improved to 51.8%.
- The company kept its full‑year targets for organic constant‑currency revenue growth at 6% to 8% and adjusted EPS at $19.40 to $19.65 while trimming reported revenue growth by roughly 30 basis points for foreign‑exchange effects.
- Management repurchased $1 billion of stock in the quarter and now plans to return 100% or more of adjusted free cash flow to shareholders in 2026 through dividends and buybacks.
- The portfolio reshaping continues with a Mobility separation on track and a planned sale of geoscience and petroleum engineering software expected to close in the second half of 2026 or early 2027, and shares rose about 1.3% premarket yet remain more than 15% lower this year on AI disruption concerns.