S&P Global Inc. SEC Filings

S&P Global Inc. delivered higher earnings for the quarter ended June 30, 2026, with revenue of $4,146 million, up 10% from 2025, and operating profit of $1,812 million, up 17%. Diluted EPS rose to $4.12 for the quarter and $8.81 for the first half, reflecting margin expansion and gains on asset sales.

All segments contributed to growth: Ratings benefited from stronger corporate bond issuance and higher surveillance and RES activity; Market Intelligence, Energy and Indices saw broader subscription and transaction growth, while Mobility continued to grow ahead of its separation. Cash from operations was $2,476 million in the first half and cash, cash equivalents and restricted cash increased to $4,141 million, while total debt rose to $15,170 million, including new senior notes linked to the Mobility business.

Capital returns remained significant, with $575 million of dividends (at $0.97 per share quarterly) and $1.5 billion used to repurchase 3.5 million shares via accelerated share repurchase agreements. On July 1, 2026, the separation of Mobility Global became effective through a 1‑for‑1 share distribution, and Mobility’s historical results will be presented as discontinued operations from the third quarter of 2026.

S&P Global Inc. reported strong second-quarter 2026 results, with GAAP revenue of $4.146 billion, up 10% from 2025, and GAAP diluted EPS of $4.12, up 18%. GAAP net income attributable to S&P Global was $1.217 billion, up 14%.

Excluding the spun-off Mobility division on a pro forma basis, revenue was $3.678 billion, up 11%, and diluted EPS was $4.08, up 26%. Pro forma non-GAAP adjusted operating profit rose 15% to $1.998 billion and adjusted diluted EPS increased 23% to $4.83.

The company completed the spin-off of its Mobility division as Mobility Global (MBGL) on July 1, 2026 and provided recast historical financials to reflect the new structure. Ratings and Indices segments led growth, with revenue up 17% and 20%, respectively. Cash and equivalents rose to $4.141 billion as of June 30, 2026, while free cash flow for the first half was $2.249 billion. For 2026, non-GAAP adjusted diluted EPS guidance is $17.50–$17.75.

S&P Global Inc. is offering to exchange up to $600,000,000 of 4.250% Senior Notes due 2031 and up to $400,000,000 of 4.800% Senior Notes due 2035 for equal amounts of its outstanding unregistered notes. The new notes have the same economic terms but are registered and free of the old transfer restrictions and registration-rights provisions. The exchange offer expires at 5:00 p.m. New York City time on August 14, 2026, and tenders may be withdrawn until then; no cash proceeds will be received, and exchanged old notes will be cancelled.

The new notes are unsecured, unsubordinated obligations guaranteed on the same basis by Standard & Poor’s Financial Services LLC, and rank structurally behind obligations of other subsidiaries, including $72 million of indebtedness at IHS Markit within total consolidated debt of $13.3 billion as of March 31, 2026. A Change of Control Triggering Event requires a repurchase offer at 101% of principal plus interest. Holders who do not exchange keep restricted notes and lose further registration rights and additional-interest protections.

S&P Global Inc. is registering an exchange offer to issue up to $600,000,000 of new 4.250% Senior Notes due 2031 and up to $400,000,000 of new 4.800% Senior Notes due 2035 in exchange for like principal amounts of outstanding unregistered notes of the same series.

The new notes are identical in material terms to the old notes except they will be registered under the Securities Act and will not carry the transfer restrictions or registration rights applicable to the old notes. Tenders may be withdrawn prior to the expiration date. The company will receive no proceeds from the exchange. The new notes will be fully and unconditionally guaranteed on an unsecured basis by Standard & Poor’s Financial Services LLC and will not be listed on any exchange. The prospectus incorporates the company’s Form 10-K for year ended December 31, 2025 and Form 10-Q for quarter ended March 31, 2026, and notes the Mobility Global separation completed July 1, 2026.

S&P Global Inc. executive Thomas Darren Robert, Co-Head of Market Intelligence, filed an initial Form 3 showing his current equity holdings in the company. He directly owns 6,173.643 shares of common stock. The filing also lists several grants of restricted stock units, each representing a contingent right to receive one share of SPGI common stock.

These RSU awards include 209 units granted on 03/01/2024 with 3-year vesting, 1,009 units granted on 11/01/2024 with 2-year cliff vesting, 168 units granted on 03/01/2025 with 3-year vesting, 1,692 units granted on 08/01/2025 with 3-year vesting, and 285 units granted on 03/01/2026 with 3-year vesting. The schedule specifies when portions of each award vest and when vested shares will be delivered.

S&P Global Inc. President, S&P Global Mobility, William W. Eager reported equity award adjustments on July 1, 2026. The filing shows several dispositions of restricted stock units and performance stock units back to the issuer and two new performance stock unit grants of 4,917 and 13,286 units, each representing rights to SPGI common shares.

Footnotes explain that, under an Employee Matters Agreement with Mobility Global Inc., existing RSUs and PSUs were converted into restricted stock units of Mobility Global based on a stated concentration ratio and measured at actual or target performance. These are compensation- and separation-related derivative transactions, not open-market stock trades.

S&P Global Inc. has outlined a new operating model for its Market Intelligence division and announced planned leadership changes. Market Intelligence will be reorganized into two verticals: Kensho Data & Platforms and Enterprise Solutions, each with distinct leadership and responsibilities focused on AI-enabled data, software and workflows.

Kensho Data & Platforms will be led by Sally Moore as Co-Head of Market Intelligence, with Kensho Data under Bhavesh Dayalji and Platforms under Whit McGraw. Enterprise Solutions will continue under Darren Thomas, who becomes Co-Head of Market Intelligence and joins the Executive Leadership Team.

The company will move Maritime & Trade into S&P Global Energy and Credit Analytics risk capabilities into S&P Global Ratings, and has recast 2025 and early 2026 segment financial information to reflect the new divisions. Separately, Chief Legal Officer Steve Kemps plans to retire effective December 31, 2026, with a transition period and potential service as Special Advisor if his successor is appointed earlier.

S&P Global filed an amended report to add detailed unaudited pro forma financials reflecting the spin-off of its Mobility division into Mobility Global. The company also recast segment results and expense allocations so investors can see how S&P Global looks as a stand‑alone business without Mobility.

For 2025, pro forma revenue was $13.589 billion with pro forma net income from continuing operations attributable to S&P Global of $4.192 billion, or $13.74 diluted EPS. In first‑quarter 2026, pro forma revenue was $3.717 billion and diluted EPS was $4.48. Ratings and Indices remained high‑margin businesses, while Energy and Market Intelligence were reshaped, including new Platts/CERA and Kensho Data & Platforms/Enterprise Solutions lines.