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S&P Global (SPGI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended June 2026, S&P Global (SPGI - Free Report) reported revenue of $3.68 billion, down 2.1% over the same period last year. EPS came in at $4.83, compared to $4.43 in the year-ago quarter.

The reported revenue represents a surprise of +0.84% over the Zacks Consensus Estimate of $3.65 billion. With the consensus EPS estimate being $4.49, the EPS surprise was +7.57%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how S&P Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Total revenue- Ratings: $1.34 billion compared to the $1.31 billion average estimate based on four analysts. The reported number represents a change of +16.6% year over year.
  • Total revenue- Indices: $534 million versus the four-analyst average estimate of $534.82 million. The reported number represents a year-over-year change of +19.7%.
  • Total revenue- Market Intelligence: $1.29 billion versus $1.26 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
  • Total revenue- Intersegment Elimination: $-53 million versus $-52 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.2% change.
  • Revenue by Type- Non-transaction Revenue: $540 million versus $592.33 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
  • Revenue by Type- Non-subscription / Transaction: $895 million versus the two-analyst average estimate of $728.34 million. The reported number represents a year-over-year change of +20.1%.
  • Revenue- Energy: $568 million versus $635.98 million estimated by two analysts on average.
  • Adjusted Operating Profit- Corporate Unallocated Expense: $-42 million versus the two-analyst average estimate of $-51.5 million.
  • Adjusted Operating Profit- Indices: $382 million versus $378.83 million estimated by two analysts on average.
  • Adjusted Operating Profit- Ratings: $917 million compared to the $885.34 million average estimate based on two analysts.
  • Adjusted Operating Profit- Market Intelligence: $445 million compared to the $451.57 million average estimate based on two analysts.

View all Key Company Metrics for S&P Global here>>>

Shares of S&P Global have returned +7.7% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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