S&P Global (SPGI) — Q2 2026 Earnings Preview
Key Points
| Factor | Details |
|---|---|
| Consensus Revenue | Q2 2026: $4,095M (+8% YoY); FY 2026: $15,301M (flat YoY, but guidance is for +6–8%) |
| Guidance | Organic constant currency revenue growth: 6–8% for FY26; Adjusted EPS: $19.40–$19.65 |
| Q1 2026 Actuals | Revenue: $4,171M (+10% YoY); Adjusted EPS: $4.97 (+14% YoY); Margin expansion in all divs |
| Comparables | Q2 2025 revenue: $3,680M (consensus), $3,755M (reported actuals); Q2 2025 adj. EPS: $4.43 |
| Key Watch Areas | Ratings/Indices momentum, MI subscription growth, AI monetization, Energy headwinds |
| Macro Backdrop | Volatile energy markets (Iran conflict), strong IG issuance, AI/data demand accelerating |
