10-QPeriod: Q1 FY2026

S&P Global Inc. Quarterly Report for Q1 Ended Mar 31, 2026

Filed April 28, 2026For Securities:SPGI

Summary

S&P Global Inc. reported strong financial results for the first quarter of 2026, with total revenue increasing by 10% to $4.171 billion, driven by broad-based growth across all five of its reportable segments. Operating profit saw a significant increase of 27% to $2.002 billion, bolstered by a $175 million gain on dispositions and robust performance across its Market Intelligence and Ratings segments. Diluted earnings per share rose by 32% to $4.69, reflecting the company's enhanced profitability. S&P Global also demonstrated strong cash flow generation, with operating cash flow increasing by 9% to $1.037 billion, and free cash flow up 13% to $919 million. The company continued its commitment to returning capital to shareholders through share repurchases, totaling $1 billion in the quarter, and a consistent dividend payout. The planned separation of the Mobility segment is on track for mid-2026, indicating strategic realignments to focus on core strengths.

Financial Highlights

50 data points
Beta

Revenue

$4.17B

0.7% Gross Margin

Net Income

$1.40B

0.3% Net Margin

EPS (Diluted)

$4.69

Total Assets

$60.79B

Cash & Equivalents

$1.81B

Free Cash Flow

$1.04B

Financial Statements
Beta
Revenue$4.17B
Cost of Revenue$1.24B
Gross Profit$2.94B
SG&A Expenses$802.00M
Operating Expenses$2.34B
Operating Income$2.00B
Net Income$1.40B
EPS (Basic)$4.69
EPS (Diluted)$4.69
Shares Outstanding (Basic)297.30M
Shares Outstanding (Diluted)297.60M

Key Highlights

  • 1Revenue grew 10% year-over-year to $4.171 billion, driven by strong performance across all segments, particularly Market Intelligence and Ratings.
  • 2Operating profit increased by a significant 27% to $2.002 billion, benefiting from a $175 million gain on dispositions and operational efficiencies.
  • 3Diluted EPS saw a substantial increase of 32% to $4.69, reflecting improved profitability and effective capital management.
  • 4Operating cash flow strengthened by 9% to $1.037 billion, showcasing the company's ability to generate consistent cash from its operations.
  • 5Free cash flow increased by 13% to $919 million, indicating robust cash generation available for strategic investments and shareholder returns.
  • 6The company executed $1 billion in share repurchases during the quarter, underscoring its commitment to returning value to shareholders.
  • 7The planned spin-off of the Mobility segment is progressing towards a mid-2026 completion, signaling a strategic focus on core businesses.

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