S&P Global disclosed stronger-than-expected results for the second quarter, driven by demand for its credit ratings, indices and market intelligence products in an environment the company described as marked by geopolitical uncertainty. Management also moved to broaden the company's analytics and infrastructure offerings through two announced deals and completed a corporate restructuring that narrows its business focus.
Quarterly performance
The New York-based firm said revenue for the quarter climbed 10% to $4.15 billion, while adjusted earnings rose 23% to $4.83 per share. The company attributed the gains to strength across its Ratings, Indices and Market Intelligence units.
Guidance and corporate restructuring
Following the July 1 separation of its automotive data and analytics business, Mobility, S&P Global updated its outlook for 2026. The company now anticipates adjusted diluted earnings per share in a range of $17.50 to $17.75, and projects revenue growth of 5.9% to 7.9% for the year. The completed spin-off created an independent publicly listed Mobility Global and is intended to sharpen S&P Global’s focus on ratings, indices, market intelligence and energy.
Strategic deals
Separately, S&P agreed to acquire datacenterHawk, a provider of data center market intelligence, for an undisclosed sum. The company also announced plans to take a majority stake in Agusto & Co., a Pan-African ratings agency. Management described these moves as extensions of its digital infrastructure analytics capabilities and its footprint in African credit markets.
Business classification
S&P Global is categorized within the broader software and services sector, reflecting that much of its core activity - delivering financial data, analytics and credit ratings - is based on proprietary datasets and computational tools.
This set of results and transactions leaves S&P Global positioned with a narrower operating focus and expanded analytical reach in data center intelligence and African credit ratings, while offering updated financial guidance for the post-spin-off company.