SPGI · Q2 2026

Archived report (Q2 2026). Latest deep dive →

US GAAP, Q2 2026 · quarter ended 06/30/2026 · released Jul 28

The quarter in brief

A benchmark-business quarter — Ratings revenue +17% and Indices +20% (both records) lifted total revenue 10% to $4.15B while expenses grew only 6%, so operating profit rose 17% to a 43.7% margin; net income grew a slower 14% on higher tax and minority interest, but buybacks shrank the share count 3.5% and EPS rose 18% to $4.12.

Net Income

$1,217M

up 13.5% y/y

Revenue

$4,146M

up 10.4% y/y

Operating Profit

$1,812M

up 16.8% y/y

All figures in $M.

Sankey diagram of SPGI earnings report for Q2 2026: revenue, costs and profit
Line item	Amount and change
Revenue	$4,146 · +10.4%
Operating Expenses	$2,345 · +5.7%
Gain on Dispositions	$11
Operating Profit	$1,812 · +16.8% · 43.7% margin
Interest Expense, net	$87 · +13.0%
Other Income, net	$4
Pre-Tax Income	$1,729 · +15.1%
Income Tax	$406 · +18.7% · 23.5% rate
Minority Interests	$106 · +20.5%
Net Income	$1,217 · +13.5% · $4.12/sh (+18%) · 29.4% margin

Verdict: a benchmark-business quarter — Ratings revenue +17% and Indices +20% (both records) lifted total revenue 10% to $4.15B while expenses grew only 6%, so operating profit rose 17% to a 43.7% margin; net income grew a slower 14% on higher tax and minority interest, but buybacks shrank the share count 3.5% and EPS rose 18% to $4.12.

Mobility was spun off as Mobility Global (NYSE: MBGL) on July 1, 2026 and becomes discontinued operations for full-year 2026. 2026 guidance (continuing operations): revenue growth 5.9–7.9%, GAAP diluted EPS $16.35–16.60, adjusted EPS $17.50–17.75, tax rate 22–23%. Buybacks $500M in the quarter, $1.5B year to date, more than $7B planned for 2026. Six-month operating cash flow $2.48B.

Source and notation

Source: S&P Global press release, 8-K EX-99 of 07/28/2026 (SEC EDGAR).

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SPGI — S&P Global provides financial market intelligence, including credit ratings, benchmarks, and analytics through brands like S&P 500 and S&P Global Ratings.

The company is based in New York City, New York.

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SPGI · Q2 2026

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