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 Global IncEarnings miss and lowered guidance due to Mobility spinoff confusion and slower energy platform growth
Mobility Global Inc.
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