DafinchiGuidance is based on recast financials… 451 Research and Maritime & Trade [moved] from Market Intelligence to Energy in all periods; products are small in aggregate.
SPGI2026 Q2Financial Services
1mo
S&P Global Inc. 2026 Q2: Financial Performance summary
Financial Performance Summary
- Adjusted diluted EPS grew 23% year-over-year, supported by 200 bps of margin expansion and disciplined expense management amid volatility.
- Consolidated adjusted margins expanded to 54.3% and adjusted operating profit grew 15% in the quarter.
- Energy revenue grew 3% despite Iran conflict/tariff/sanctions headwinds; Energy margins still expanded 70 bps to 47.5% with only 1% expense growth.
- Indices reported 20% revenue growth and operating margin expanded 90 bps to 71.5%, alongside another record quarter and >$2B trailing 12-month revenue.
- Ratings delivered a record revenue quarter (+17% YoY) with 310 bps of margin expansion to 68.5% on a high fixed-cost, low variable-cost model.
- Recurring revenue increased 8% year-over-year, with benchmark revenue strength highlighted by 15% year-over-year benchmark business growth.
- Reported 11% total revenue growth in Q2 2026, outperforming expectations on both reported and organic constant-currency bases.