SPGI
FY2026 Q1 · Calendar Q2 2026
S&P Global Inc.
S&P Global delivered a strong start to fiscal 2026, beating consensus on both revenue ($4.17B vs. $4.08B estimate) and EPS ($4.70 vs. $4.58 estimate), powered by 10% year-over-year revenue growth and 100 basis points of margin expansion to 51.8%. AI integration is gaining tangible traction with over one-third of Capital IQ Pro users engaging with new AI features and API call volume growing more than 5x quarter-over-quarter. The Mobility spin-off remains on track for mid-2026. The market reaction was muted on the event day (-0.37% abnormal move), but the stock has subsequently drifted -4.1%, potentially reflecting concerns about the lowered Energy growth outlook and persistent bank loan volume weakness. With the consensus price target of $541 implying roughly 28% upside from the current $424, analysts remain broadly constructive on the franchise.
EPS surprise+2.6%
Market move-0.9%
