S&P Global shares fall after Q2 revenue rises 10% to $4.15 billion; company outlines $7 billion-plus 2026 buyback plan
S&P Global reported Q2 revenue of $4.15B (+10% y/y) and a higher adjusted operating margin (54.3%), with broad segment strength led by Ratings and Indices, alongside planned acquisitions and a larger 2026 buyback target exceeding $7B. Despite the beat, shares fell ~4.7%, suggesting expectations were elevated and positioning was crowded, which can weigh on broader U.S. equity sentiment short term.
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S&P Global (SPGI) reported second-quarter revenue of $4.15 billion, up 10% year over year and above the $3.85 billion consensus estimate. Adjusted operating profit margin rose 200 basis points from a year earlier to 54.3%. The company posted higher revenue and profit across its operating segments, including Ratings revenue of $1.34 billion (+17%) and Market Intelligence revenue of $1.29 billion (+6%). Despite the results, the stock moved lower.