S&P Global Inc. reported a significant increase in financial performance for the second quarter of 2026, with total revenue reaching $4.146 billion, a 10% increase from $3.755 billion in the same period last year. For the first half of 2026, revenue also rose to $8.318 billion, up from $7.532 billion in 2025. The company's net income attributable to S&P Global Inc. was $1.217 billion for the second quarter, compared to $1.072 billion in the prior year, marking a 14% increase. Earnings per share for the quarter were $4.12, up from $3.50 a year earlier, reflecting an 18% rise.
The company experienced notable growth across all its reportable segments, particularly in Ratings, which saw a 17% increase in revenue driven by higher corporate bond ratings and surveillance revenue. Market Intelligence also contributed to the growth, with subscription revenue increasing due to strong demand for data and analytics solutions. The Indices segment benefited from higher asset-linked fees, while the Energy segment reported increased demand for market data and insights. The Mobility segment, which will be reported as discontinued operations starting in the third quarter of 2026, also showed growth, particularly in its Dealer business.
S&P Global's operational metrics indicated a strong performance, with total operating profit for the second quarter rising to $1.812 billion, a 17% increase from $1.551 billion in the previous year. The operating margin improved to 44%, up from 41% in the prior year. The company’s total expenses increased by 6% to $2.345 billion, driven by higher operating-related and selling expenses, which were partially offset by gains from dispositions. The company recorded a pre-tax gain of $186 million related to the sale of its Enterprise Data Management and thinkFolio businesses.
Strategically, S&P Global announced the acquisition of a majority stake in Agusto & Co., a Pan-African rating agency, and datacenterHawk, a provider of intelligence for the data center market. These acquisitions are expected to enhance the company's capabilities in the Ratings and Energy segments, respectively. Additionally, the company completed the separation of Mobility Global, which became an independent entity on July 1, 2026. This strategic move is anticipated to allow S&P Global to focus on its core segments more effectively.
Looking ahead, S&P Global expressed optimism about its growth trajectory, emphasizing its commitment to advancing market leadership and expanding into high-growth areas. The company expects to continue leveraging its diversified portfolio to drive long-term profitable growth, despite potential challenges from market volatility and regulatory changes. The outlook remains positive, with anticipated revenue recognition from remaining performance obligations of approximately $5.8 billion over the next 12 to 24 months.
About S&P Global Inc.
S&P Global Inc. provides credit ratings, benchmarks, analytics, and workflow solutions across capital, commodity, and automotive markets. Its core segments include Market Intelligence, Ratings, Commodity Insights, Mobility, and Indices, serving investors, financial institutions, producers, and manufacturers worldwide. The company’s value lies in its independent data, risk assessment tools, and indices that support informed decision-making and market transparency. Its business model relies on subscription, licensing, and advisory revenue streams.
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