Q1 2026 S&P Global Inc Earnings Call Transcript

Apr 28, 2026 / 12:30PM GMT

Release Date Price: C$20.63 (-0.10%)

Transcript 10-Q8-K

Key Points

Positve

S&P Global Inc (SPGI) reported a 10% year-over-year revenue increase, with a 9% rise on an organic constant currency basis.
The company achieved a 14% increase in adjusted diluted EPS and a 140 basis points margin expansion over the trailing 12 months.
S&P Global Inc (SPGI) returned $1 billion to shareholders through share repurchases and cash dividends in the first quarter.
The company saw strong growth in its market-driven businesses, with Ratings and Indices showing remarkable resilience.
S&P Global Inc (SPGI) is advancing its leadership in AI, with significant customer engagement in AI features and tools like ChatIQ and Document Intelligence.

Negative

The geopolitical conflict in Iran has led to higher energy and commodity prices, impacting global supply chains and markets.
Private credit markets faced increased scrutiny, wider spreads, and elevated redemptions, posing challenges for growth.
The Energy division experienced headwinds from sanctions and geopolitical conflicts, affecting client demand and subscription revenue.
S&P Global Inc (SPGI) anticipates macroeconomic uncertainty and potential prolonged supply chain disruptions due to geopolitical tensions.
The company expects a moderation in Ratings growth in the third quarter and a potential decline in the fourth quarter as it laps prior year highs.

Operator

Good morning, and welcome to S&P Global's first-quarter 2026 earnings conference call. I'd like to inform you that this call is being recorded for broadcast. (Operator Instructions)

To access the webcast and slides, go to investor.spglobal.com. (Operator Instructions)

I would now like to introduce Mr. Mark Grant, Senior Vice President of Investor Relations, and Treasurer for S&P Global. Sir, you may begin.

Mark Grant

S&P Global Inc - Senior Vice President, Investor Relations

Good morning and thank you for joining today's S&P Global first-quarter 2026 earnings call. Presenting on today's call are Martina Cheung, President and Chief Executive Officer; and Eric Aboaf, Chief Financial Officer.

We issued a press release with our results earlier today. In addition, we have posted a supplemental slide deck with additional information on our results and guidance. If you need a copy of the release and financial schedules or the supplemental deck, they can be downloaded at investor.spglobal.com.

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