We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
S&P Global Q1 Earnings & Revenues Beat Estimates, Increase Y/Y
Read MoreHide Full Article
Key Takeaways
SPGI Q1 EPS beat estimates by 3.1% and rose 13.7% y/y, with revenues up 10.4% year over year.
S&P Global saw strong growth in Ratings, Indices and Market Intelligence revenues.
SPGI increased 2026 revenue growth outlook to 6.3%-8.3% and guided EPS in the range of $19.40-$19.65.
S&P Global Inc. (SPGI - Free Report) reported impressive first-quarter 2026 results, with both earnings and revenues beating the Zacks Consensus Estimate.
SPGI’s adjusted earnings per share (EPS) of $4.97 beat the consensus mark by 3.1% and rose 13.7% year over year. Total revenues came in at $4.2 billion, surpassing the consensus estimate by 2.6% and rising 10.4% from the year-ago quarter.
Over the past year, SPGI shares have declined 11.1% compared with the industry's 2.6% decline. The Zacks S&P 500 composite has gained 32.9% in the said time frame.
Quarterly Details of S&P Global
Revenues from Marketing Intelligence were $1.29 billion, increasing 8% from the year-ago reported figure. Ratings revenues in the first quarter of 2026 grew 13% to $1.3 billion.
Revenues from Energy Organic were $652 million, up 7% from the year-ago quarter.
Revenues from the Mobility and Indices segments saw year-over-year increases of 8% and 17% to $454 million and $519 million, respectively.
Adjusted operating profit was $2.15 billion, increasing 12% on a year-over-year basis. The adjusted operating profit margin was 51.8%, rising 100 basis points from the year-ago reported figure.
Balance Sheet & Cash Flow Figures
S&P Global exited the first quarter of 2026 with cash, cash equivalents and restricted cash of $1.81 billion compared with $1.74 billion in the fourth quarter of 2025. The long-term debt was $10.62 billion compared with $12.37 billion in the previous quarter.
SPGI generated $1 billion in cash from operating activities in the quarter. Capital expenditure was $27 million. The free cash flow was $919 million.
The company returned $1.2 billion to shareholders in the first quarter of 2026, including $288 million in dividends and $1.0 billion in share repurchases.
S&P Global’s 2026 Outlook
For 2026, SPGI expects adjusted EPS to be between $19.40 and $19.65. The midpoint ($19.525) is marginally higher than the Zacks Consensus Estimate of $19.51. Revenue growth is anticipated to be in the range of 6.3-8.3%. Capital expenditure is expected to be in the range of $215-$225 million.
SPGI expects the full-year tax rate to be between 22% and 23%.
S&P Global currently carries a Zacks Rank #4 (Sell).
Equifax Inc. (EFX - Free Report) reported better-than-expected first-quarter 2026 results. EFX’s adjusted earnings per share of $1.86 beat the Zacks Consensus Estimate by 10.1% and increased 21.6% from the year-ago quarter. EFX’s revenues of $1.6 billion surpassed the consensus estimate by 2.3% and improved 14.4% year over year.
Waste Connections, Inc. (WCN - Free Report) posted impressive first-quarter 2026 results. WCN’s adjusted earnings of $1.23 per share outpaced the consensus mark by 3.4% and rose 8.9% from the year-ago quarter. WCN’s total revenues of $2.37 billion beat the consensus mark by 0.7% and increased 6.4% year over year.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
S&P Global Q1 Earnings & Revenues Beat Estimates, Increase Y/Y
Key Takeaways
S&P Global Inc. (SPGI - Free Report) reported impressive first-quarter 2026 results, with both earnings and revenues beating the Zacks Consensus Estimate.
SPGI’s adjusted earnings per share (EPS) of $4.97 beat the consensus mark by 3.1% and rose 13.7% year over year. Total revenues came in at $4.2 billion, surpassing the consensus estimate by 2.6% and rising 10.4% from the year-ago quarter.
S&P Global Inc. Price, Consensus and EPS Surprise
S&P Global Inc. price-consensus-eps-surprise-chart | S&P Global Inc. Quote
Over the past year, SPGI shares have declined 11.1% compared with the industry's 2.6% decline. The Zacks S&P 500 composite has gained 32.9% in the said time frame.
Quarterly Details of S&P Global
Revenues from Marketing Intelligence were $1.29 billion, increasing 8% from the year-ago reported figure. Ratings revenues in the first quarter of 2026 grew 13% to $1.3 billion.
Revenues from Energy Organic were $652 million, up 7% from the year-ago quarter.
Revenues from the Mobility and Indices segments saw year-over-year increases of 8% and 17% to $454 million and $519 million, respectively.
Adjusted operating profit was $2.15 billion, increasing 12% on a year-over-year basis. The adjusted operating profit margin was 51.8%, rising 100 basis points from the year-ago reported figure.
Balance Sheet & Cash Flow Figures
S&P Global exited the first quarter of 2026 with cash, cash equivalents and restricted cash of $1.81 billion compared with $1.74 billion in the fourth quarter of 2025. The long-term debt was $10.62 billion compared with $12.37 billion in the previous quarter.
SPGI generated $1 billion in cash from operating activities in the quarter. Capital expenditure was $27 million. The free cash flow was $919 million.
The company returned $1.2 billion to shareholders in the first quarter of 2026, including $288 million in dividends and $1.0 billion in share repurchases.
S&P Global’s 2026 Outlook
For 2026, SPGI expects adjusted EPS to be between $19.40 and $19.65. The midpoint ($19.525) is marginally higher than the Zacks Consensus Estimate of $19.51. Revenue growth is anticipated to be in the range of 6.3-8.3%. Capital expenditure is expected to be in the range of $215-$225 million.
SPGI expects the full-year tax rate to be between 22% and 23%.
S&P Global currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Snapshot
Equifax Inc. (EFX - Free Report) reported better-than-expected first-quarter 2026 results. EFX’s adjusted earnings per share of $1.86 beat the Zacks Consensus Estimate by 10.1% and increased 21.6% from the year-ago quarter. EFX’s revenues of $1.6 billion surpassed the consensus estimate by 2.3% and improved 14.4% year over year.
Waste Connections, Inc. (WCN - Free Report) posted impressive first-quarter 2026 results. WCN’s adjusted earnings of $1.23 per share outpaced the consensus mark by 3.4% and rose 8.9% from the year-ago quarter. WCN’s total revenues of $2.37 billion beat the consensus mark by 0.7% and increased 6.4% year over year.