S&P Global is benefiting from strong recurring subscription revenues and strategic acquisitions, though rising expenses and competitive pressures remain concerns. Subscription product revenues grew 6% year over year in the first quarter of 2026, supporting overall revenue growth. The company has expanded through acquisitions including IHS Markit, Visible Alpha, and Enertel AI, while revenues per employee rose nearly 20% between 2022 and 2025. However, total expenses increased 6.1% year over year to $2.34 billion in the first quarter of 2026, and the current ratio stood at 0.68, below the industry average of 1.01. S&P Global reported adjusted earnings of $4.97 per share on revenues of $4.2 billion for the first quarter of 2026, beating consensus estimates.
S&P Global IncBeat consensus estimates with adjusted EPS of $4.97 on revenues of $4.2B in Q1 2026
Automatic Data Processing Inc
Accenture plcAcquired by S&P Global, providing exit and integration into larger platform