S&P Global
Provides credit ratings, market data, commodity benchmarks, and financial indices worldwide.
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Profile
Provides market data and workflow tools, credit ratings, commodity price benchmarks, and financial indices through four global divisions. Revenue comes from subscriptions, issuance and surveillance fees, and licenses tied partly to indexed assets and trading volumes; the former Mobility business now operates independently.
Supplies financial-market infrastructure through four divisions: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, and S&P Dow Jones Indices. Their products span Capital IQ data and workflow tools, credit ratings and research, Platts price assessments and commodity analytics, and benchmarks such as the S&P 500 and Dow Jones Industrial Average.
Serves institutions and commercial customers worldwide through subscriptions, data feeds, software, transaction fees, and licenses. Proprietary datasets and established methodologies support recurring workflows, while ratings and index franchises earn fees tied to securities issuance, assets in indexed products, and derivatives trading.
Following the completed Mobility spin-off, the portfolio centers on capital and commodity markets. Ratings operates under financial regulation across multiple jurisdictions, while index and energy benchmark fees vary with asset levels, derivatives trading, and commodity-market activity.
Company facts
Categories
Key statistics
Year to date −13.6% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 17, 2026 | Stifel Nicolaus | Target | $489 | $521 | |
| Jul 7, 2026 | RBC Capital | Reiterate | Outperform | $552 | $510 |
| Jul 7, 2026 | BMO Capital | Reiterate | Outperform | $482 | $505 |
| Feb 23, 2026 | Barclays | Target | $550 | $565 | |
| Feb 17, 2026 | UBS | Reiterate | Buy | $407 | $550 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $4.81 | $4.83 | +0.4% | $4.09B | $3.68B | −10.1% | −1.11% |
| Apr 28, 2026Q1 FY26 | $4.84 | $4.97 | +2.7% | $4.08B | $4.17B | +2.1% | −0.06% |
| Feb 10, 2026Q4 FY25 | $4.33 | $4.30 | −0.7% | $3.91B | $3.92B | +0.2% | −2.57% |
| Oct 30, 2025Q3 FY25 | $4.42 | $4.73 | +7.0% | $3.83B | $3.89B | +1.5% | −0.89% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.78B | $3.76B | $3.89B | $3.92B | $4.17B | $4.15B | |
| Gross profit | $2.62B | $2.64B | $2.77B | $2.75B | $2.94B | $2.98B | |
| Operating income | $1.58B | $1.55B | $1.68B | $1.67B | $2.00B | $2.11B | |
| Net income | $1.09B | $1.07B | $1.18B | $1.13B | $1.40B | $1.22B | |
| Diluted EPS | $3.54 | $3.50 | $3.86 | $3.75 | $4.69 | $4.12 | |
| Gross margin | 69.5% | 70.2% | 71.2% | 70.1% | 70.4% | 71.9% | |
| Operating margin | 41.8% | 41.3% | 43.1% | 42.7% | 48.0% | 50.8% |
Fiscal years (4-quarter sums)FY21 $8.30B · FY22 $11.18B · FY23 $12.50B · FY24 $14.21B · FY25 $15.34B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $4.14B · Total debt $15.75B · Total assets $62.91B · Shareholders' equity $31.62B
Dividends
Raised for 39 straight years — most recently to $0.97 from $0.96 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 26, 2026 | Aug 26 | Sep 10 | $0.97 | |
| May 29, 2026 | May 29 | Jun 10 | $0.97 | |
| Feb 25, 2026 | Feb 25 | Mar 11 | $0.97 | raised from $0.96 |
| Nov 25, 2025 | Nov 25 | Dec 10 | $0.96 | |
| Aug 26, 2025 | Aug 26 | Sep 10 | $0.96 | |
| May 28, 2025 | May 28 | Jun 11 | $0.96 | |
| Feb 26, 2025 | Feb 26 | Mar 12 | $0.96 | raised from $0.91 |
| Nov 26, 2024 | Nov 26 | Dec 11 | $0.91 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 294.80M · Float 294.08M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 23.98M | 8.13% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 19.30M | 6.55% | 13F | Aug 13, 2026 |
| State Street Corp | 14.48M | 4.91% | 13F | Aug 7, 2026 |
| Tci Fund Management Ltd | 14.08M | 4.78% | 13F | Aug 14, 2026 |
| Morgan Stanley | 7.31M | 2.48% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 1, 2026 | Catherine R. Clay | officer: CEO, S&P Dow Jones Indices | +2,500 | $431.39 |
| Apr 30, 2026 | Robert Edward Jr. Moritz | director | +1,152 | $434.03 |
| Apr 29, 2026 | Martina Cheung | director, officer: CEO & President | +2,322 | $429.93 |
| Feb 11, 2026 | Hubert Joly | director | +2,500 | $398.98 |
| Sep 10, 2025 | William W. Eager | officer: President, S&P Global Mobility | +11 | $544.30 |
Peers
- Moody's
Dominant ratings rival and risk-analytics platform across credit and data.
- MSCI
Global index and ESG analytics leader benchmarking $16.5T in AUM.
- Intercontinental Exchange
Competes in fixed-income evaluated pricing, energy benchmarks, and index data.
- FactSet
Buy-side data workflow rival to Capital IQ Pro for institutional clients.
- Morningstar
Fund data, ESG via Sustainalytics, and private markets via PitchBook.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| S&P Global | $442.90 | +0.00% | $130.56B | 27.0 | 23.4 | 8.1 | −2.1% |
| Moody's | $519.27 | +0.84% | $89.19B | 32.7 | 28.9 | 10.9 | +15.1% |
| MSCI | $570.77 | −0.01% | $41.49B | 31.4 | 27.1 | 12.4 | +12.2% |
| Intercontinental Exchange | $162.37 | +0.02% | $91.13B | 22.9 | 19.7 | 6.8 | −18.3% |
| FactSet | $308.68 | −0.07% | $10.99B | 20.3 | 16.2 | 4.5 | +6.4% |
| Morningstar | $217.65 | −0.03% | $8.16B | 20.6 | 16.9 | 3.2 | +9.6% |
| Median | 22.9 | 19.7 | 6.8 | +9.6% |