S&P Global Inc., together with its subsidiaries, provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets. It operates through four segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions. This segment offers Data, Analytics & Insights, a desktop product suite that provides data, analytics, and third-party research for global finance and corporate professionals; research, reference data, market data, derived analytics, and valuation services; enterprise solutions, such as software and workflow solutions; and credit and risk solutions for selling Ratings' credit ratings and related data and research, analytics, and financial risk solutions. The S&P Global Ratings segment operates as an independent provider of credit ratings, research, and analytics offering investors information and independent benchmarks for their investment and financial decisions as well as access to the capital markets. The S&P Global Energy segment provides information and benchmark prices for the energy and commodity markets. The S&P Dow Jones Indices segment operates as an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. It has operations in the United States, European region, Asia, and internationally. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.
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CME Group Q2 revenue flat at $1.71 billion
CME Group reported second-quarter revenues of $1.71 billion, flat year over year and 1.7% above analyst expectations. The company also delivered a decent beat on EBITDA estimates. Its stock has risen 16% since the report and currently trades at $275.30. Among the ten financial exchanges and data stocks tracked, Morningstar posted the strongest quarter with revenue up 9.6% to $663.2 million, while S&P Global was the weakest after full-year EPS guidance slightly missed expectations. The group overall beat consensus revenue estimates by 1.6% and shares are up 8.4% on average since reporting.
Bill Ackman's Pershing Square invests $1.1B in Visa
Bill Ackman's Pershing Square Capital Management disclosed a new $1.12 billion stake in Visa Inc., according to a 13F filing covering holdings as of June 29, 2026. The fund bought 3.27 million shares of Visa, making it one of Pershing Square's larger positions at 5.4% of the portfolio, behind names like Uber, Brookfield Corp, Microsoft, and Amazon. The same filing shows new positions in Mastercard worth about $1.09 billion and S&P Global worth roughly $1.06 billion, bringing combined new investments in financial infrastructure to more than $3 billion. Visa's fiscal third-quarter 2026 results showed net revenue up 14% year over year to $11.6 billion and earnings per share up 11%, with quarterly payments volume crossing $4 trillion for the first time in company history.
S&P Global's Mobility Spin and AI Push Set Margin Test
S&P Global completed the spin-off of its Mobility division on July 1, leaving a four-division portfolio centered on ratings, benchmarks, data and analytics. Pro forma revenues increased 11% in the second quarter, while adjusted operating profit rose 15% and adjusted operating margin expanded 200 basis points to 54.3%. The company is expanding its use of artificial intelligence across products and internal operations, with customers using its large language model-ready data interfaces exceeding 500 in the second quarter, up more than 70% sequentially. Management expects organic constant-currency revenue growth of 6% to 8% for 2026, with adjusted operating margin projected to expand 35 to 60 basis points, or 75 to 100 basis points excluding OSTTRA. The Enterprise Data Organization has achieved nearly 60% of its targeted $100 million in annualized savings through AI-driven efficiencies and traditional productivity measures, with the full target expected before the end of 2027.
S&P Global announced an expanded collaboration with Microsoft that embeds its AI-ready data and analytics directly into Microsoft 365 Copilot tools and related agentic experiences. The announcement comes as S&P Global shares trade at $432.16, down 15.7% year to date and 16.6% over one year, despite a 3.5% gain over the past 90 days. The most followed narrative on S&P Global currently points to a fair value of $380, which sits below the latest close, reflecting concern about how durable the business model is as AI tools spread through finance and data heavy workflows. At a P/E of 25.9x, the stock trades in line with peers and materially below the US Capital Markets average of 38.5x.
Japan's preliminary manufacturing PMI for August expands at fastest pace in years
Japan's preliminary manufacturing purchasing managers' index for August rose to 55.1 from 54.5 in July, supported by the fastest expansion in new orders since January 2018. S&P Global released the data today and said the factory sector continued to lead growth in both output and new orders. Annabel Fiddes, associate economics director at S&P Global Market Intelligence, said manufacturers saw total sales and foreign demand jump at the strongest pace in more than eight and a half years, helped by the semiconductor and artificial intelligence industries. The preliminary services PMI rose to 52.3 from 51.2, and the preliminary composite PMI covering manufacturing and services reached 53.4 from 52.7, the highest level since February. Cost pressures eased, with overall input price inflation slowing to a five-month low, but selling prices continued to rise at a record pace. Business confidence climbed to its highest level since February, with manufacturers more upbeat than services firms.
S&P Global Expands Microsoft Collaboration to Integrate AI Data into Copilot
S&P Global has expanded its collaboration with Microsoft to bring AI-ready data and analytics into Microsoft 365 Copilot workflows. The integration gives clients access to S&P Global's proprietary intelligence directly inside familiar Microsoft 365 tools, aiming to streamline financial analysis, company research, and benchmarking for enterprise users. The move supports S&P Global's focus on AI-native experiences and deeper integration of its Market Intelligence offering into day-to-day operations. The partnership strengthens S&P Global's competitive position versus peers such as MSCI and Moody's that are pursuing their own AI distribution paths.
MSCI reported second-quarter revenues of $867 million, up 12.2% year over year, in line with analyst expectations but marking the weakest performance against estimates among its peers. The stock has fallen 8.5% since the report and currently trades at $572.27. Among the ten financial exchanges and data stocks tracked, Morningstar posted the best quarter with revenues of $663.2 million, up 9.6% and beating estimates by 2.2%, while S&P Global was the weakest with revenues of $4.15 billion, up 10.4% but issuing full-year EPS guidance slightly below expectations. Nasdaq and Moody's also beat estimates, with Moody's achieving the biggest beat and fastest revenue growth of the group at 15.1%.
CARFAX Report Adds Future Reliability Predictions Based on VIN History
CARFAX has introduced a new feature that predicts the future reliability of specific vehicles based on their unique VIN-specific history. The company says the feature draws on over 151,000 data sources and more than 35 billion records to help shoppers anticipate repairs and costs over the next three years. The future Reliability insight now appears at the top of the CARFAX Report in a redesigned header that presents a vehicle's story through Past, Present, and Future lenses. CARFAX, part of S&P Global Mobility, says dealers are already seeing increased consumer confidence from the more complete picture. The company issued a correction removing language suggesting it is the first or only provider of a VIN-specific reliability product.
CloudSEK Identifies Over 2,500 Organisations Potentially Impacted by AI Supply Chain Exposure
CloudSEK has identified more than 2,500 organisations that may have been potentially affected by a major AI supply chain incident involving LiteLLM in March 2026, with approximately 434,000 automated software-development pipelines linked to the exposure. The potentially affected organisations span critical industries including technology, cybersecurity, banking and financial services, telecommunications, manufacturing, consulting, logistics, and enterprise software, with high-confidence matches associated with major global organisations including NVIDIA, Samsung Electronics, Cisco Systems, Siemens, S&P Global, ServiceNow, Deloitte, Vodafone, X Corp, Zscaler, FedEx, Volkswagen, Thales and London Stock Exchange Group. The incident occurred after cybercriminal group Team PCP compromised LiteLLM, and malicious versions were reportedly available through the Python software repository PyPI for only around 40 minutes, yet CloudSEK's analysis identified approximately 434,000 CI/CD pipelines potentially connected to the exposure. Potentially accessible information included cloud credentials, source-code access, server keys, software-development secrets, AI API keys and other credentials that could give attackers access to critical business systems, and CloudSEK stresses that appearing in the dataset does not automatically mean an organisation was successfully breached but should be investigated urgently. CloudSEK has released a free exposure-checking tool to help organisations determine whether credentials or infrastructure associated with them appear in the identified dataset.
S&P Global Raises 2026 Guidance and Integrates With Intelligence Private Markets Data
S&P Global updated its full-year 2026 guidance, now expecting GAAP revenue growth of 5.9% to 7.9%, GAAP diluted EPS of US$16.35 to US$16.60, and operating margin expansion of 335 to 360 basis points. The company also expanded its S&P Capital IQ Pro platform by integrating With Intelligence's private markets data and editorial insights following its 2025 acquisition, enabling users to manage the full private investment lifecycle within one platform. The integration deepens S&P Global's toolkit across public and private markets, though near-term performance still depends on healthy issuance in Ratings and execution of AI and product investments.
S&P Dow Jones Indices Launches U.S. CLO Investment Grade Indices
S&P Dow Jones Indices has introduced the S&P U.S. CLO Investment Grade Indices, a new series of benchmarks for the investment-grade collateralized loan obligation market. The indices measure the performance of USD-denominated, floating-rate, investment-grade CLO debt tranches and include four sub-indices: the S&P U.S. CLO AAA CLO Index, the S&P U.S. CLO AA CLO Index, the S&P U.S. CLO A CLO Index, and the S&P U.S. CLO BBB CLO Index. The launch expands S&P DJI's role in the leveraged finance ecosystem by combining independent market pricing, CLO analytics, credit expertise, and transparent methodologies. The indices draw on data and analytics from S&P Global Market Intelligence and credit insights from S&P Global Ratings to provide a differentiated framework for measuring investment-grade CLO performance.
S&P Global's Earnings Miss Tied to Mobility Spinoff Confusion
S&P Global reported second-quarter revenue of nearly $4.15 billion, a 10% increase that topped estimates, but per-share earnings of $4.12 fell short of consensus, and the company lowered its full-year guidance. The apparent miss was largely due to confusion around the July 1 spinoff of its automotive data business, Mobility Global, as the company reported both pre- and post-spinoff results on a GAAP and non-GAAP basis. On an adjusted pro forma basis, revenue grew 11%, adjusted operating profit rose 15% to $1.998 billion, and adjusted diluted earnings per share increased 23% to $4.83, with operating margins improving to 54.3%. Updated 2026 revenue growth guidance was trimmed to a range of 5.9% to 7.9%, partly because of slower growth in its energy information platform, which saw only 3% year-over-year revenue growth last quarter amid contract renewal challenges linked to the Iran conflict. Despite the guidance cut, most analysts maintain a strong buy rating on the stock with a consensus price target of $518.17, implying nearly 28% upside.
S&P and Pantera Launch Crypto Index Excluding Bitcoin and XRP
S&P Global and Pantera Capital launched a new digital asset index that excludes Bitcoin and XRP while including Ethereum, Solana, and Hyperliquid. The S&P Pantera Digital Asset Index selects tokens based on protocol revenue and mechanisms that return value to holders, such as buybacks, burns, or staking rewards. Bitcoin was omitted because its transaction fees go to miners rather than holders, and XRP was excluded due to negligible fee revenue that fails to meet the index's threshold. The index is designed for institutional investors seeking crypto assets with financial fundamentals, and it may eventually underpin an exchange-traded fund.
S&P Global launches private markets intelligence and new AI data tools
S&P Global has launched integrated private markets intelligence on its Capital IQ Pro platform, incorporating data from With Intelligence, and introduced two new AI tools on its S&P Global AI Data Portal. The additions bring private markets, hedge fund, and allocator insights into the same environment as public markets content, supporting clients across private equity, private credit, hedge funds, and wealth segments. The new AI tools, Adaptive Retrieval and Deterministic Retrieval, allow clients and their AI agents to query S&P datasets in plain language and integrate results into internal models and workflows. These updates aim to enhance how investors source information and design products, though competing platforms investing in similar capabilities could limit differentiation.
85% of financial companies beat EPS estimates this week
Eighty-five percent of the 20 financial companies that reported earnings this week beat earnings-per-share estimates, with 17 surpassing expectations, two missing, and one matching. Twelve of the 20 companies exceeded revenue forecasts, while eight fell short. Notable beats included PayPal, which posted non-GAAP EPS of $1.38 and raised its full-year guidance to around $5.38, Visa with EPS of $3.32 on revenue of $11.6 billion, and Robinhood with GAAP EPS of $0.62. Among the misses, Cincinnati Financial reported EPS of $1.43, missing by $0.39, and S&P Global also fell short on EPS despite revenue slightly ahead of consensus.
S&P Global Q2 CY2026 revenue beats but EPS misses, full-year guidance cut
S&P Global reported second-quarter CY2026 revenue of $4.15 billion, exceeding analyst estimates of $4.11 billion and marking a 10.4% year-on-year increase. However, adjusted earnings per share came in at $4.83, missing the consensus forecast of $5.02 by 3.7%. Management also lowered its full-year adjusted EPS guidance to a midpoint of $17.63, a 9.7% reduction. The stock fell 2.7% to $428.04 following the release.
S&P Global to acquire majority stake in Agusto & Company
S&P Global has agreed to acquire a majority stake in Pan-African rating agency Agusto & Company, which operates in Nigeria, Kenya, Rwanda, and Ghana. Financial terms were not disclosed. The deal is expected to close in the second half and aims to expand market insights and strengthen credit transparency across the region. After the transaction, Agusto & Company will continue to operate as a separate ratings entity and issue its own credit ratings.
S&P Global to acquire datacenterHawk to connect data center, power and infrastructure markets
S&P Global has entered into a definitive agreement to acquire datacenterHawk, a provider of proprietary intelligence for global data center, fiber optic and related infrastructure markets. The deal will combine datacenterHawk's asset-level data on supply, demand, pricing, pipelines and site selection with S&P Global Energy's data center forecasting, market outlooks and power market intelligence from 451 Research. The transaction is expected to close in the second half of 2026 and is not expected to have a material impact on S&P Global's financial results. S&P Global Energy President Dave Ernsberger said the acquisition reinforces the company's energy expansion strategy and will help customers make real-time decisions in one of the most important infrastructure markets of the next decade.
BlackRock completes $12.5 billion bond financing for Meta's Texas data center project
BlackRock has completed a $12.5 billion bond financing for a Meta Platforms-backed data center project in Texas after a week-long marketing process. The financing, arranged through a special-purpose vehicle, ended up about $273 million larger than initially marketed, underscoring strong investor demand despite recent volatility in technology debt markets. The 2048 note sold at a yield premium of 2.875 percentage points over 10-year Treasury yields, with pricing remaining in line with initial discussions, making the transaction a rare investment-grade bond sale that did not tighten during syndication. Under the financing terms, Meta has committed to a 20-year lease beginning in 2028 and is responsible for construction cost overruns above specified thresholds. The bonds received investment-grade ratings, including A+ from S&P Global Ratings and AA- from Fitch Ratings and KBRA. The project is for a Meta data center in El Paso, Texas, with BlackRock's Global Infrastructure Management and HPS Investment Partners together holding an 80% stake in the project, and Meta owning the remaining 20%.
S&P Global launches AI data service and Pantera-backed digital asset index
S&P Global has launched an AI-powered Adaptive Retrieval data service and the S&P Pantera Digital Asset Index in partnership with Pantera Capital. The Adaptive Retrieval service lets clients access and assemble licensed data using natural language queries for AI workflows. The new digital asset index expands the company's offerings in digital asset data and indexing. The launches come as S&P Global shares trade at $431.26, down 15.9% year to date but up 15.2% over five years.
Data centers expected to use four times more electricity by 2035
Data centers are expected to consume one-fifth of U.S. electricity by 2035, four times today's share, according to a new BloombergNEF report. The surge in AI compute will push data center capacity to nearly 200 gigawatts over the next decade, with almost half devoted to training and inference, mostly concentrated in the U.S., which will host 64% of AI chips by power demand in 2033. The new 2035 electricity demand estimate is 83% higher than BloombergNEF's December forecast, while EPRI has more than doubled its 2024 estimate and S&P's forecast rose by more than a third between October and April. The PJM Interconnection, spanning Virginia to Illinois, will see 34% of its electricity go to data centers, and ERCOT in Texas will devote 22% of its generating capacity, even as PJM struggles with connection requests and electricity prices have risen 76% over the past year. Globally, aggressive AI adoption could create 1,935 terawatt-hours of new electricity demand by 2033, nearly as much as India uses annually.
S&P Dow Jones Indices and Pantera Capital Launch Digital Asset Index
S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, a new benchmark for institutional investors seeking disciplined exposure to digital assets. The index uses a rules-based, fundamentals-driven approach that includes only tokens and companies demonstrating real-world use and actual revenue, excluding speculative assets like meme coins. It is designed to serve as a reference for investment products and active managers, applying the same standards as traditional benchmarks such as the S&P 500. The collaboration combines S&P Dow Jones Indices' indexing expertise with Pantera Capital's digital asset-native research, powered by data from Artemis.
S&P Global launches ETF Intelligence platform and projects US LNG as second largest net export industry
S&P Global Market Intelligence has launched ETF Intelligence, a new platform for exchange traded fund data and analytics, while an S&P Global Energy study projects that US LNG will become the nation's second largest net export industry within five years. The ETF Intelligence launch and the LNG export study signal an expansion of S&P Global's role in ETF analytics and energy market research. The company is trading at $450.84, with the share price up 4.7% over the past week and 7.9% over the past month, but down 12.1% year to date. The new platform aims to compete with other ETF data providers such as MSCI and Morningstar, while the LNG study reinforces S&P Global's position in energy analytics.
S&P Dow Jones Indices and MSCI launch consultation on GICS overhaul
S&P Dow Jones Indices and MSCI have opened a consultation on potential changes to the Global Industry Classification Standard. The review, which runs from July 17 to October 30, 2026, aims to ensure the GICS structure reflects current markets, with any resulting changes to be announced by November 2026. Key topics under review include the classification of artificial intelligence-related business models, restructuring of the semiconductors sub-industry, definition updates for high-performance computing as-a-service and AI data lifecycle services, classification of foundation model developers, updates to the application software sub-industry, and classification of listed investment companies. A select list of companies with market capitalizations exceeding USD 2 billion that may be affected is available to clients for illustrative purposes.
S&P Global completes spinoff of Mobility business, sharpening focus on ratings and market intelligence
S&P Global has completed the spinoff of its Mobility business, now trading as Mobility Global under ticker MBGL, effective July 1. The divested unit provides automotive market intelligence and owns CarFax, and was the company's smallest and lowest-margin segment with operating margins below 22% last year versus a companywide average above 40%. The remaining company, which includes ratings, market intelligence, and energy data services, is expected to see slightly higher profit margins and greater strategic focus. S&P Global's first quarterly earnings report without Mobility is due on July 28, and its 53-year streak of annual dividend growth remains intact.
Seeking Alpha flags 39 large-cap US stocks with Sell or Strong Sell ratings ahead of Q2 earnings
As second-quarter earnings season begins, Seeking Alpha's Quant Rating system identifies 39 large-cap US stocks carrying Sell or Strong Sell ratings, reflecting weaker scores across valuation, growth, profitability, momentum, and earnings estimate revisions. Seven of these companies hold the lowest Strong Sell designation with Quant Ratings below 1.50: Crown Castle, SBA Communications, Honeywell, Strategy, Zoetis, Erie Indemnity, and Tractor Supply. The remaining 32 stocks are rated Sell, including widely followed names such as Coinbase Global, Blackstone, S&P Global, Domino's Pizza, Lennar, Clorox, and Fidelity National Information Services. While some of these companies have delivered positive share-price returns this year, their Quant Ratings suggest investors should watch for potential downside risks as quarterly results and guidance are released.
Zacks highlights research reports on Interactive Brokers, Danaher, and S&P Global
Zacks Investment Research released new research reports on 16 major stocks, including Interactive Brokers, Danaher, and S&P Global, as well as a micro-cap stock Optical Cable. Interactive Brokers has outperformed its industry over the past year with a 64.7% gain versus 33.2%, driven by a widening product set and automated platform, though earnings remain sensitive to benchmark-rate changes and elevated expenses. Danaher's shares gained 3.9% over the past year, lagging the Zacks Medical Services industry's 18% gain, with strength in bioprocessing and filtration offset by weakness in diagnostics and high debt. S&P Global's shares declined 10.5% over the past year, slightly better than its industry's 11.4% decline, as subscription-based revenue and the IHS Markit acquisition support growth amid rising expenses and competitive pressures. Optical Cable, a micro-cap with a market capitalization of $144.85 million, saw its shares rise 175.8% over the past year, in line with the Zacks Fiber Optics industry, supported by demand from enterprise, data center, and severe-duty markets, though risks include constrained liquidity and customer concentration.
Moody's partners with Intapp to embed risk data inside AI workflows
Moody's and Intapp announced a partnership on July 14, 2026 to embed Moody's financial intelligence into Intapp's AI-powered professional workflow platform. The integration uses an open standard protocol to connect AI agents with Moody's risk data, entity screening, and company information inside client workflows, aiming to make Moody's datasets more accessible within day-to-day decision tools used by professional and financial services firms. This move shifts Moody's from being a data provider to being embedded inside workflows, potentially deepening client reliance on its risk intelligence and making its services harder to substitute versus competitors such as S&P Global and MSCI. The partnership also highlights execution risk, as client adoption and usage patterns sit partly outside Moody's direct control, and the open standard Model Context Protocol angle adds a distribution layer that existing narratives may not fully reflect yet.
S&P Global's Recurring Revenue and AI Demand Support Retention
S&P Global benefits from a recurring subscription-based revenue model and strong demand for AI-powered services, supporting its position in portfolios. Subscription product revenues rose 6% year over year in the first quarter of 2026, while Ratings revenue increased 13%, Market Intelligence 8%, Energy 7%, and Indices 17%. The company is expanding compatibility with AI platforms like Microsoft Copilot, ChatGPT, and Claude, with AI-enabled customers generating faster annual contract value growth. S&P Global paid dividends of $1.1 billion, $1.1 billion, and $1.2 billion in 2023, 2024, and 2025, respectively, and repurchased shares worth $3.3 billion, $18.6 billion, and $5 billion over the same period. However, rising expenses—up 6.1% to $2.34 billion in the first quarter of 2026—and a current ratio of 0.68, below the industry average of 1.01, pose risks.
AI is making markets more efficient but increasing tail risks, Bernstein says
Artificial intelligence is making financial markets more efficient in many areas but also introducing new risks that could amplify volatility and market dislocations, according to a Bernstein research note. AI is improving market efficiency by processing earnings reports, regulatory filings and alternative datasets faster than human analysts, narrowing information gaps and reducing the size of earnings surprises. Automated workflows are cutting the time needed for earnings reviews and financial model updates, allowing analysts to follow more companies, with coverage of emerging market small caps rising sharply over the past year. However, greater adoption of similar AI models may create new vulnerabilities as trading signals become increasingly synchronized, encouraging crowded positions and making market reversals more severe during periods of stress. The note pointed to the August 2024 unwind of the yen carry trade and instances of AI-generated misinformation that briefly moved U.S. equities as examples of how automated strategies and synthetic content can accelerate volatility. Analysts also describe a reflexivity problem where AI-generated recommendations increasingly influence investor behavior, pushing prices in ways that reinforce future model outputs and potentially strengthening momentum trades and increasing market concentration. Overall, the findings suggest AI is likely to reduce average market inefficiencies through better research and execution while increasing the likelihood of larger dislocations during periods of market stress, resulting in lower average inefficiency but greater tail risk.
S&P Global Launches $1 Billion Debt Exchange and Reshapes Market Intelligence Unit
S&P Global Inc. has launched a fixed-income exchange offer for US$600 million of 4.250% notes due 2031 and US$400 million of 4.800% notes due 2035, while also announcing leadership changes including the planned year-end 2026 retirement of Chief Legal Officer Steven Kemps. The company is reshaping its Market Intelligence unit into Kensho Data & Platforms and Enterprise Solutions, a move that could influence how it develops and delivers data, analytics, and workflow tools for institutional clients. The reorganization sits at the center of S&P Global's data and analytics growth story, raising the question of whether this structure helps the company translate its AI and workflow investments into higher value products quickly enough to justify ongoing spending. S&P Global's narrative projects US$17.3 billion revenue and US$5.8 billion earnings by 2029, requiring 3.2% yearly revenue growth and about a US$1.0 billion earnings increase from US$4.8 billion today. Continued strength in equity and debt issuance remains a key pillar behind many expectations for the company's performance.
Financial Exchanges & Data Stocks Q1 Teardown: S&P Global Vs The Rest
Financial exchanges and data stocks reported a satisfactory first quarter, with aggregate revenues beating analyst consensus estimates by 1.1%. S&P Global posted revenues of $4.17 billion, up 10.4% year on year and exceeding expectations by 2.4%, though full-year EPS guidance slightly missed. Morningstar delivered the biggest beat among peers with revenues of $644.8 million, up 10.8% and topping estimates by 2.9%, while CME Group was the weakest performer, with revenues of $1.88 billion missing estimates by 1.4%. Nasdaq reported revenues of $1.41 billion, up 13.7% and beating by 2.2%, and MSCI posted revenues of $850.8 million, up 14.1% and beating by 1.4%. On average, share prices of the group are down 5.6% since the latest earnings results.
S&P Global completes Mobility spin-off and reorganizes Market Intelligence
S&P Global has completed the spin-off of its Mobility business and released recast historical financials to reflect the new structure. The company is reorganizing its Market Intelligence segment into two new verticals, Kensho Data & Platforms and Enterprise Solutions, focusing on AI-driven and enterprise solutions. Several leadership changes are underway, including the planned retirement of Chief Legal Officer Steven Kemps, who may serve as Special Advisor to CEO Martina Cheung during a transition period. S&P Global plans to provide updated guidance based on its ongoing operations, giving investors a cleaner view of the core ratings and data franchises.
S&P Global spins off mobility unit, sharpens focus on core financial data and ratings
S&P Global has completed the spin-off of its mobility division into a separate publicly traded company, Mobility Global, and divested a geoscience and petroleum engineering software portfolio from its energy arm. The mobility unit previously accounted for about 10% of S&P Global's revenue, and its removal is expected to slightly lift companywide profit margins since the division's margins were below the corporate average. The restructuring leaves S&P Global more concentrated on its two largest businesses: subscription-based market intelligence and bond ratings, which together generate the bulk of its reliable, recurring revenue. The company has raised its dividend annually for over 50 years, and most analysts rate the stock a strong buy with a consensus price target of $501.24, about 15% above the current price.
Middle Coast Investing Highlights S&P Global's Data Businesses Amid AI Uncertainty
Middle Coast Investing released its second-quarter 2026 investor letter, highlighting S&P Global Inc. as a holding with strong fundamentals despite market doubts about its data businesses. The firm noted that S&P Global owns the S&P 500 and Dow Jones Industrial Indices and is a major ratings agency, calling those two sterling businesses. However, the market has started doubting the company's three data businesses, leading to a normal valuation multiple at the time of purchase. One of those data businesses is centered on energy, based on proprietary data and viewed as fairly safe from AI disruption. S&P Global shares closed at $416.71 on July 2, 2026, with a one-month return of 9.77% and a 12.02% loss over the past 52 weeks, and a market capitalization of about $124.22 billion.
Mastercard and Visa surge while crypto stocks tumble in week's financials wrap
Mastercard and Visa led financial sector gainers this week, rising 10.32% and 9.56% respectively, buoyed by the announcement of the Open USD stablecoin venture. Robinhood Markets jumped 20.61% on news that Trump Accounts will launch next week without a platform rollover option, with BNY as financial agent and Robinhood as brokerage and initial trustee. S&P Global added 17.70% after announcing index reconstitutions. On the losing side, Goldman Sachs fell 4.14%, Citigroup dropped 3.46%, and Morgan Stanley declined 3.22% after Oppenheimer downgraded the banks, citing a shift toward expansionary spending. Crypto stocks were hit hard, with TeraWulf down 18.73%, IREN off 18.68%, and Hut 8 losing 17.45%, as Bitcoin fell below $60,000 amid record outflows from U.S. spot Bitcoin ETFs.
Mobility Global Begins NYSE Trading After S&P Global Spin Off
Mobility Global has completed its spin off from S&P Global and begun trading as an independent public company on the NYSE. The company adopted new bylaws, reshaped its board, and announced key leadership appointments, including a new Chief Accounting Officer and dedicated Chair, establishing a standalone governance framework. The separation creates a focused, asset-light automotive data and analytics company, with brands such as CARFAX and Mobility Business Solutions now under independent oversight. S&P Global shareholders received one Mobility Global share for each S&P Global share, broadening initial ownership. Investors will watch for standalone financial targets, management of a shelf registration for up to 46,000,000 shares, and how the company balances investment in data and AI with shareholder returns.
S&P Global Stock Jumps Nearly 8% After Completing Mobility Global Spinoff
S&P Global shares rose nearly 8% on Wednesday after the company completed the spinoff of its automotive data and analysis unit, Mobility Global, into a separate publicly traded company. Existing S&P Global stockholders as of June 15 received one Mobility Global share for each S&P Global share they held. The move was accompanied by an analyst upgrade from Huber Research's Douglas Arthur, who raised his rating on S&P Global to neutral from underweight. Mobility Global, best known for its Carfax service, saw its shares fall almost 4% on their first day of trading. S&P Global plans to release recast financial information excluding the Mobility Global business on Monday, July 6.
Wall Street Bullish on S&P Global Despite Stock Trading Near 52-Week Lows
Wall Street remains bullish on S&P Global despite the stock trading close to its 52-week lows after a 23% decline over the past six months. Analysts' average 12-month price target suggests more than 32% upside from current levels. On June 18, Rothschild & Co Redburn lowered its price target from $540 to $520 while reiterating a Buy rating, as part of a broader sector review on how AI is reshaping information services. The firm believes AI is driving a redistribution of value, with proprietary non-replicable datasets like credit ratings and risk data retaining strong pricing power, while workflow-tool and data-aggregation businesses face erosion. S&P Global's strength in proprietary data and ratings supports a positive outlook despite the slight target adjustment.
S&P Global completes separation of Mobility Global
S&P Global has completed the separation of its Mobility division into an independent public company, Mobility Global Inc., which begins trading today on the New York Stock Exchange under the ticker MBGL. The separation was achieved through a distribution of 100 percent of Mobility Global shares to S&P Global stockholders, with shareholders receiving one share of Mobility Global for each S&P Global share held as of the June 15 record date. S&P Global expects to issue recast financial information for full-year 2025 and the first quarter of 2026 on July 6. Morgan Stanley, Goldman Sachs, Citigroup, and Evercore served as financial advisors, while Davis Polk and Baker McKenzie provided legal counsel.