S&P Global (SPGI) Q2 2026: Miss on EPS, But Guidance Rises and Buybacks Loom
As seen on the 24/7 Wall St. homepage on July 28, 2026.
S&P Global missed earnings but raised full-year profit guidance and pledged $7 billion in share buybacks as Ratings and Indices surged post-Mobility spinoff. CEO Martina Cheung signaled accelerating AI adoption across the leaner four-division operation.
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S&P Global reported Q2 2026 earnings per share of $4.83, falling about 3.5% short of the $5.00 consensus estimate — snapping a streak that had seen the company beat expectations in six of the prior seven quarters. Revenue told a different story, coming in at $4.146 billion against an estimate of roughly $4.118 billion, a beat of just under 1%. The divergence suggests top-line momentum held up even as per-share profitability fell short.
The quarter's bigger headlines were forward-looking. Management raised its full-year profit guidance and announced $7 billion in share buybacks, a signal of confidence in the company's financial position after the spinoff of its Mobility unit left S&P Global operating as a leaner four-division business. The Ratings and Indices segments were called out as standout performers in the restructured portfolio.
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CEO Martina Cheung used the results to highlight accelerating AI adoption across the company's divisions, framing it as a strategic priority for the slimmed-down operation. Investors will be watching whether the raised guidance holds through the back half of the year and whether the buyback program provides a floor under the stock following the earnings miss.
Mentioned: SPGI