Description

S&P Global Hits A 13th Straight Index Record As Inflows Top $600 Billion!

S&P Global reported robust second-quarter 2026 financial results following the completion of its Mobility division spin-off, highlighting continued strength in its core benchmark businesses—Ratings, Indices, Energy, and Market Intelligence. The company achieved 11% total revenue growth year-over-year, with recurring revenue rising 8%, driven primarily by a 15% increase in benchmark-related revenues. Earnings per share grew significantly by 23%, supported by disciplined expense management and 200 basis points of margin expansion, leading to an adjusted operating margin of 54.3%. Capital returns were bolstered by an increase in the share repurchase program to over $7 billion for 2026, representing more than 5% of current market capitalization. The Ratings segment experienced record quarterly revenue growth of 17%, fueled by a 25% rise in billed issuance, including strong activity in investment-grade debt linked to AI infrastructure and mergers and acquisitions. This segment also saw notable expansion in private markets ratings by 60%.