Earnings Call
Apr 28, 2026
Q1 FY2026
EPS Estimate
4.85
EPS Actual
4.97
Post-Earnings Close
$433.47
Earnings Reaction
-0.9%
S&P Global posted a strong first quarter against a backdrop of sharply rising geopolitical risk, with revenue growing 10% reported and 9% on an organic constant currency basis, adjusted diluted EPS up 14% year-over-year, and 100 basis points of margin expansion to 51.8%. The results were driven by exceptional performance in Ratings and Indices, disciplined expense management that management accelerated in response to the Iran conflict beginning in late February, and continued momentum in subscription businesses across Market Intelligence and Energy. The company returned $1 billion to shareholders via buybacks in the quarter alone and raised its full-year repurchase target to at least $4.5 billion, or roughly 100% of adjusted free cash flow, funded in part by approximately $2 billion in debt to be issued at Mobility ahead of its mid-2026 spin.
Report generated on Apr 29, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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