S&P Global (SPGI) Stock Falls 5% After EPS Miss and Guidance Cut
TLDR
- Q2 revenue came in at $4.15 billion, up 10.4% year-on-year, beating estimates by 1%
- Adjusted EPS of $4.83 missed analyst expectations of $5.02 by 3.7%
- S&P Global completed the spinoff of its Mobility division on July 1, 2026
- Ratings revenue jumped 17% year-on-year; Indices revenue rose 20%
- Full-year adjusted EPS guidance was cut to $17.63 at the midpoint, down 9.7%
S&P Global (SPGI) fell 2.5% in premarket trading on Tuesday after the company posted mixed Q2 results and trimmed its full-year earnings outlook.
Revenue for the quarter hit $4.15 billion, up 10.4% year-on-year and ahead of the $4.11 billion Wall Street had expected. But adjusted EPS of $4.83 fell short of the $5.02 consensus estimate, a miss of 3.7%.
The results come with an important caveat. S&P Global completed the spinoff of its Mobility division on July 1, 2026. The company is now reporting on a pro forma basis, as if the spinoff had taken place in prior periods, meaning comparisons to analyst consensus may not be apples-to-apples.
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