S&P Global Inc. Announced Q1 2026 Earnings on April 28, 2026, Reporting "Revenue increased 10% year-over-year"

S&P Global Inc. reported that revenue increased 10% year-over-year in the first quarter of 2026, or 9% on an organic constant currency basis.

The company delivered 140 basis points of margin expansion on a trailing 12-month basis and increased adjusted diluted EPS by 14% year-over-year in the first quarter. S&P Global returned $1 billion to shareholders through share repurchases in the quarter.

For the first quarter, the Market Intelligence division revenue grew 8%, Ratings revenue increased 13% year-over-year, Energy revenue grew 7%, Mobility revenue grew 8%, and S&P Dow Jones Indices revenue grew by 17%.

Management highlighted the deployment of AI native solutions and tools, including ChatIQ and Document Intelligence, for customers seeking speed and scale on the CapIQ Pro platform.

The company is completely revamping the Upstream business within the Energy division, which involves an agreement to divest the software portfolio in the second half of 2026 or early 2027 to focus on proprietary Data and Insights.

The planned separation of the Mobility business remains on track, including completion of the spin mid-2026.

For full year 2026 forward guidance, S&P Global is reiterating its enterprise guidance for organic constant currency revenue growth in the range of 6% to 8%.

The company is also reiterating its guidance for 50 to 75 basis points of margin expansion in 2026 excluding the impact of OSTTRA. However, the company currently expects to deliver organic constant currency revenue growth in the range of 4.5% to 6% in the Energy division for the full year, which is 1 percentage point lower than previous guidance, due to the Iran conflict and related energy disruptions.

Management noted they expect to use a combination of incremental share repurchases and debt reduction to increase share repurchases to roughly $4.5 billion for the year.

During the first quarter, the company unveiled a new AI native Upstream product for data and insights called CERA Titan. S&P Dow Jones Indices launched the iBoxx U.S. Treasuries Index as the first major index available as a native digital asset on a blockchain, and launched an additional tokenized S&P 500 Index on blockchain in partnership with Centrifuge. S&P Global also announced a new distribution partnership with SLB.