S&P Global Provides Pro Forma and Recast Financial Results and Updated Segment Information

Rhea-AI Summary

S&P Global (NYSE: SPGI) is publishing pro forma and recast financial results that exclude its spun-off Mobility division, now Mobility Global (NYSE: MBGL). The update introduces new reported business lines for Energy and Market Intelligence and revises allocated expenses and margins across all four divisions.

Segment data covers full-year 2025, each 2025 quarter, and Q1 2026, reflecting inter-segment adjustments and new expense allocation methods. 2026 guidance reflecting the Mobility spin-off will be provided with Q2 2026 earnings on July 28, with materials available on the investor relations site.

News Market Reaction – MBGL

-2.73%

18 alerts

-2.73% Session close to close

+12.8% Peak Tracked

-6.0% Trough Tracked

$5.84B Market Cap

0.4x Rel. Volume

In the Jul 6 session, MBGL declined 2.73%, reflecting a moderate negative market reaction. Argus tracked a peak move of +12.8% during that session. Argus tracked a trough of -6.0% from its starting point during tracking. Our momentum scanner triggered 18 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

S&P Global’s recast and pro forma figures, alongside the completed July 1, 2026 Mobility spin-off, f...

Analysis

S&P Global’s recast and pro forma figures, alongside the completed July 1, 2026 Mobility spin-off, frame how MBGL stands as an independent entity. Investors may watch upcoming July 28, 2026 guidance for clearer visibility into post-separation performance and risks.

Key Figures

Guidance timing: July 28, 2026 Pro forma periods: Full year 2025 Pro forma quarters: Four quarters of 2025 +2 more

5 metrics

Guidance timing July 28, 2026 2026 guidance to be provided with 2Q 2026 earnings

Pro forma periods Full year 2025 Pro forma segment financial information provided

Pro forma quarters Four quarters of 2025 Quarterly segment financial information recast for Mobility spin-off

Pro forma quarter First quarter 2026 Quarterly segment financial information recast for Mobility spin-off

Spin-off completion date July 1, 2026 Completion of Mobility Global spin-off from S&P Global

Key Terms

pro forma, recast financial results, spin-off, inter-segment adjustments, +1 more

5 terms

pro forma financial

"The Company is providing pro forma quarterly segment financial information"

Pro forma refers to financial information that is prepared based on estimates or adjustments to show what a company's results might look like under certain scenarios, such as new projects or acquisitions. It helps investors understand the potential impact of future events by providing a clear, hypothetical view of financial performance, much like a weather forecast shows possible future conditions.

recast financial results financial

"is providing recast financial results, excluding the contribution from the Mobility division"

Recast financial results are previously published financial statements or figures that a company adjusts and reissues to reflect changes such as new accounting policies, reorganizations, acquisitions or disposals, or to present pro forma scenarios. These adjustments make past numbers comparable with the company’s current reporting basis. Think of it like converting past measurements into the same units so historical trends line up with the present format, which affects how investors read performance over time.

spin-off financial

"reflecting the spin-off of Mobility to be provided with 2Q 2026 Earnings"

A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.

View in glossary

inter-segment adjustments financial

"including inter-segment adjustments and changes to expense allocation methodologies"

Adjustments made in consolidated financial reports to remove the effects of sales, costs, or transfers between a company’s different business units or segments so the aggregate numbers don’t double-count internal activity. Think of it like subtracting internal invoices when adding up separate department budgets so the company-wide total reflects only outside business. These adjustments matter to investors because they clarify which revenues and profits come from external customers versus internal reshuffling.

expense allocation methodologies financial

"including inter-segment adjustments and changes to expense allocation methodologies"

Methods a company uses to decide how shared costs are split among products, business units, projects, or accounting periods. Like picking a way to divide a household bill among roommates, these rules determine which part of rent, salaries, or overhead shows up in each financial line, and they matter to investors because the chosen method affects reported profits, margins, and comparisons across periods or peers.

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New reported business lines for Energy and Market Intelligence

Updated allocated expenses and margins for the enterprise and all four divisions

2026 guidance reflecting the spin-off of Mobility to be provided with 2Q 2026 Earnings on July 28

NEW YORK, July 6, 2026 /PRNewswire/ -- S&P Global (NYSE: SPGI) is providing recast financial results, excluding the contribution from the Mobility division ("Mobility"). In a previous release dated July 1, 2026, the Company announced the successful completion of the spin of Mobility into an independent, public company – Mobility Global (NYSE: MBGL).

Pro Forma and Recast Financial Results
The Company is providing pro forma quarterly segment financial information for the full year 2025, the four quarters of 2025, and the first quarter of 2026, to reflect the Mobility spin-off. Financials also reflect a company recast including inter-segment adjustments and changes to expense allocation methodologies.

The Company's press release is accessible on the Company's Investor Relations website under the section titled "SEC Filings & Reports" as well as the section titled "Quarterly Earnings & Monthly Metrics".

About S&P Global

S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive in a rapidly changing global landscape.

From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world's leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today. Learn more at www.spglobal.com.

Investor Relations:  http://investor.spglobal.com 

Contact:

Investor Relations: 
Mark Grant
Senior Vice President, Investor Relations and Treasurer
Tel:  +1 (347) 640-1521
mark.grant@spglobal.com 

Media: 
Christina Twomey
Chief Communications Officer
Tel:  +1 (646) 407-3001
christina.twomey@spglobal.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/sp-global-provides-pro-forma-and-recast-financial-results-and-updated-segment-information-302818318.html

SOURCE S&P Global

FAQ

What pro forma and recast financial information did S&P Global release after the Mobility Global (NYSE: MBGL) spin-off?

S&P Global released pro forma quarterly segment financials reflecting the spin-off of Mobility into Mobility Global (NYSE: MBGL). According to S&P Global, the data covers full-year 2025, each 2025 quarter, and the first quarter of 2026 with updated segment structures and allocations.

How does the Mobility Global (MBGL) spin-off change S&P Global's reported business segments?

The Mobility Global spin-off led S&P Global to revise its reported business lines. According to S&P Global, the update introduces new reported business lines for Energy and Market Intelligence and adjusts allocated expenses and margins for the enterprise and all four divisions.

When will S&P Global provide 2026 guidance reflecting the Mobility Global (MBGL) spin-off?

S&P Global plans to provide 2026 guidance reflecting the Mobility spin-off on July 28, 2026. According to S&P Global, this updated outlook will be released alongside second-quarter 2026 earnings results, aligning forward guidance with the post-spin company structure.

Which periods are covered by S&P Global's pro forma segment results after the Mobility Global (NYSE: MBGL) spin?

The pro forma segment results cover full-year 2025, each quarter of 2025, and the first quarter of 2026. According to S&P Global, these periods are restated to exclude Mobility, now Mobility Global (NYSE: MBGL), and reflect revised allocations and inter-segment adjustments.

Where can investors find S&P Global's pro forma and recast financial data related to Mobility Global (MBGL)?

Investors can access the pro forma and recast financial data through S&P Global's investor relations website. According to S&P Global, the materials are available under sections titled “SEC Filings & Reports” and “Quarterly Earnings & Monthly Metrics” for convenient investor review.