Every material Form 8-K S&P Global has filed with the SEC since November 10, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
S&P Global reported third-quarter 2026 revenue of $3.678 billion, representing a 7% increase year over year, alongside GAAP diluted earnings per share of $4.45. The company also initiated a strategic review of alternatives, including potential separation, for Capital IQ and associated data businesses. Additionally, management raised full-year 2026 revenue growth guidance to a range of 7.4% to 8.4%.
Third-quarter 2026 revenue reached $3.678 billion, up 7% year over year.
GAAP diluted earnings per share grew 26% year over year to $4.45.
The company executed $2.6 billion in share repurchases during the third quarter.
Full-year 2026 revenue growth guidance was updated to 7.4% to 8.4%.
S&P Global furnished unaudited pro forma financial statements showing its results as if the July 1, 2026 spin-off of its Mobility segment into Mobility Global Inc. had occurred earlier. For 2025, pro forma diluted EPS from continuing operations is $13.74, compared with $14.66 as reported, and pro forma revenue is $13,589 million, compared with $15,336 million historically. Shareholders should note that these figures are illustrative and not indicative of future results.
Spin-off completed July 1, 2026; holders of record on June 15, 2026 received one Mobility Global share for each S&P Global share held
Pro forma 2025 revenue of $13,589 million versus $15,336 million historically; pro forma 2025 diluted EPS of $13.74 versus $14.66
Pro forma six months ended June 30, 2026 revenue of $7,397 million and diluted EPS of $8.56 versus $8.81 historically
Filing cites $53 million of additional non-recurring separation costs, classified within discontinued operations
S&P Global reported second-quarter 2026 results that rose from a year earlier on a pro forma basis, which excludes Mobility, the division spun off as Mobility Global (NYSE: MBGL) on July 1, 2026. The company also issued 2026 guidance that is not directly comparable with its prior outlook, because the earlier guidance assumed a full year of Mobility and the new GAAP guidance excludes it.
Pro forma revenue was $3.678 billion, up 11%, and pro forma diluted EPS was $4.08, up 26%; GAAP diluted EPS was $4.12, up 18%.
The company repurchased $500 million of shares in the second quarter, $1.5 billion year to date, and expects to repurchase more than $7 billion in 2026.
2026 GAAP diluted EPS guidance is $16.35 to $16.60; adjusted diluted EPS guidance is $17.50 to $17.75, with revenue growth of 5.9% to 7.9%, both excluding Mobility.
S&P Global said Chief Legal Officer Steven Kemps will retire effective December 31, 2026, and the company has started a search for a successor. The same July 6, 2026 announcement reorganized Market Intelligence into two verticals and recast 2025 and first-quarter 2026 segment results to reflect the new divisions.
Steven Kemps, Executive Vice President and Chief Legal Officer, notified the company on July 1, 2026 of his retirement, effective December 31, 2026.
If a successor is appointed before that date, Kemps will become a Special Advisor to CEO Martina Cheung through the retirement date.
Market Intelligence will be organized into Kensho Data & Platforms, led by Sally Moore, and Enterprise Solutions, led by Darren Thomas.
The company recast previously reported quarterly segment information for 2025 and the first quarter of 2026 to reflect the revised divisions.
S&P Global completed the separation of its Mobility division on July 1, 2026, distributing 100% of Mobility Global Inc. common stock to S&P Global stockholders. S&P Global retains no ownership interest in Mobility Global, which is now an independent company listed on the New York Stock Exchange under MBGL. The filing sets out agreements covering the separation, taxes, transition services and employees, and the company plans to issue recast 2025 and first-quarter 2026 financial information on July 6, 2026.
Distribution Date was July 1, 2026, effective at 12:01 a.m. New York City time.
Stockholders of record on June 15, 2026 received one share of Mobility Global common stock for every S&P Global share held.
Transition services from S&P Global to Mobility Global are generally available for up to 18 months after the Distribution.
Mobility Global faces restrictions on certain actions for two years after the Distribution Date to preserve tax-free treatment.
S&P Global said Saugata Saha, President of Market Intelligence and Chief Enterprise Data Officer, will leave the company to pursue another opportunity, effective July 30, 2026. The Enterprise Data Organization moves under Chief Technology & Transformation Officer Firdaus Bhathena, and the company reiterated its 2026 financial guidance.
Saugata Saha departs July 30, 2026, after notifying the company on May 19, 2026
Enterprise Data Organization moves to the Chief Technology & Transformation Office, led by Firdaus Bhathena
Company reiterated its financial guidance for 2026; no new figures were disclosed in the filing
S&P Global's board approved the previously announced separation of its Mobility division. Shareholders of record on June 15, 2026 will receive one share of the new, independent Mobility Global Inc. for each SPGI share held, and S&P Global will keep no ownership interest in Mobility Global. The distribution is expected to take effect at 12:01 a.m. New York time on July 1, 2026, subject to customary conditions, including an effective Form 10 registration statement.
Record date is June 15, 2026; ratio is one Mobility Global share for each S&P Global share held at the close of business
Distribution is expected to be effective at 12:01 a.m. New York City time on July 1, 2026
Shares of S&P Global trade with and without the distribution from about June 26 through June 30, 2026; Mobility Global is expected to list on the NYSE as MBGL
The filing gives no financial figures for Mobility or the separation
S&P Global Inc. announced the pricing of $2.0 billion in senior notes issued by Mobility Global Inc., a newly formed holding company for its Mobility division, ahead of a planned spin-off to shareholders. The offering is expected to close on May 29, 2026, and the net proceeds will be held in escrow until separation conditions are met, then used to make a cash payment to S&P Global.
Three tranches: $650 million 5.050% notes due 2029, $650 million 5.450% notes due 2031, and $700 million 6.050% notes due 2036
Offering expected to close May 29, 2026, subject to customary closing conditions
Mobility Global also entered into a $500 million senior unsecured revolving credit facility
Net proceeds to be deposited in escrow until separation conditions are satisfied
S&P Global announced the start of a $2,000,000,000 private offering of senior notes due 2029, 2031 and 2036 by Mobility Global Inc., a holding company for its Mobility division that S&P Global plans to spin off to shareholders. Net proceeds will be placed in escrow until conditions tied to the separation are met, and the proceeds are intended to fund a cash payment to S&P Global. The filing does not state the coupon rates, the offering size per tranche, or a separation date.
Offering size is $2,000,000,000 across senior notes due 2029, 2031 and 2036, sold privately to qualified institutional buyers and non-US persons under Rule 144A and Regulation S.
Mobility Global has also entered into a $500 million senior unsecured revolving credit facility.
Net proceeds will be held in escrow until separation conditions are satisfied, then used to make a cash payment to S&P Global.
The notes are unregistered and may not be offered or sold in the United States without an exemption; the filing does not give a separation date.
S&P Global's Mobility division hosted its previously announced Investor Day on May 12, 2026, in connection with its planned separation into an independent public company, Mobility Global Inc. The 8-K furnishes the investor presentation as Exhibit 99.1 and reports no new quarterly results. For shareholders, the filing sets out the division's FY25 scale and long-term financial framework, but the separation has not yet been completed.
Investor Day held May 12, 2026, ahead of the planned separation into Mobility Global Inc.
Presentation shows FY25 total revenue of $1.75 billion and an 8.6% revenue CAGR from 2023 to 2025.
Framework targets 7.5-10% annual predictable organic revenue growth, 8-11% adjusted EBITDA growth, and returning 75%+ of free cash flow annually.
Exhibit 99.1 is furnished under Item 7.01 and is not deemed filed under Section 18 of the Exchange Act.
S&P Global announced that its subsidiary Mobility Global Inc. has publicly filed a Form 10 registration statement with the SEC for the planned separation of S&P Global's Mobility division into an independent public company. The separation is expected to be completed in mid-2026, subject to customary approvals, final approval by the S&P Global Board, and SEC effectiveness of the Form 10.
Form 10 registration statement filed with the SEC by Mobility Global Inc. (press release dated May 7, 2026)
S&P Global expects to complete the separation in mid-2026, subject to conditions including S&P Global Board approval and SEC effectiveness
Mobility Global brands named in the release include CARFAX, Polk and automotiveMastermind; Bill Eager is CEO of Mobility Global
S&P Global reported first-quarter 2026 revenue of $4.171 billion, up 10%, and GAAP diluted EPS of $4.69, up 32%. It lowered reported revenue growth guidance for 2026 by about 30 basis points, to 6.3% to 8.3%, and raised expected net interest expense by about $10 million, while keeping adjusted diluted EPS guidance at $19.40 to $19.65.
Q1 2026 revenue was $4.171 billion, up from $3.777 billion in Q1 2025.
GAAP net income attributable to S&P Global was $1.395 billion, up 28%; GAAP diluted EPS was $4.69 versus $3.54.
2026 reported revenue growth guidance is now 6.3% to 8.3%; organic constant currency growth guidance is unchanged at 6.0% to 8.0%.
The company repurchased $1 billion of shares in Q1 and expects to return 100% or more of adjusted free cash flow through dividends and buybacks in 2026.
S&P Global reported fourth-quarter and full-year 2025 results on February 10, 2026, with revenue up 9% in the quarter and 8% for the year. The company also gave 2026 adjusted diluted EPS guidance of $19.40 to $19.65 and organic constant currency revenue growth of 6.0% to 8.0%, with GAAP guidance to follow the Mobility spin expected in mid-2026.
Q4 2025 revenue was $3.916 billion, up 9%; GAAP diluted EPS was $3.75, up 32%, and adjusted diluted EPS was $4.30, up 14%.
Full-year 2025 revenue was $15.336 billion, up 8%; GAAP diluted EPS was $14.66, up 19%, and adjusted diluted EPS was $17.83, up 14%.
2026 adjusted diluted EPS guidance is $19.40 to $19.65, with organic constant currency revenue growth of 6.0% to 8.0%.
The company returned $6.2 billion to shareholders in 2025, including $1.2 billion in dividends and $5.0 billion in share repurchases; the quarterly dividend is $0.97.
S&P Global appointed former Best Buy chair and CEO Hubert Joly as a director, effective January 2, 2026, expanding the board from ten to eleven members. Joly will serve on the Audit and Compensation and Leadership Development Committees, which shapes board oversight rather than company financial results.
Board appointed Hubert Joly on December 10, 2025, on recommendation of the Nominating and Corporate Governance Committee
Board size increases from ten to eleven directors
Joly will serve on the Audit and Compensation and Leadership Development Committees
Joly is a director of Johnson & Johnson and a senior lecturer at Harvard Business School
S&P Global completed a private offering of $1.0 billion in senior unsecured notes on December 4, 2025, comprising $600 million of 4.250% notes due 2031 and $400 million of 4.800% notes due 2035. The company intends to use the net proceeds for general corporate purposes, which may include acquisitions, debt refinancing, or repurchases of its common stock, so the deal adds to the company's debt load.
$600 million of 4.250% Senior Notes due 2031 and $400 million of 4.800% Senior Notes due 2035 were sold.
Notes are fully and unconditionally guaranteed by Standard & Poor's Financial Services LLC on a senior unsecured basis.
Holders can require repurchase at 101% of principal plus accrued interest upon a Change of Control Triggering Event.
A registration rights agreement requires the company to pursue an exchange offer, with additional interest owed if it is not completed by the 365th day after issuance.
S&P Global priced a private offering of $1.0 billion in senior notes: $600 million of 4.250% notes due 2031 and $400 million of 4.800% notes due 2035. The offering is expected to close on December 4, 2025, subject to customary closing conditions. The company says net proceeds may be used for general corporate purposes, including possible acquisitions, debt refinancing, or repurchases of its common stock.
$600 million of 4.250% senior notes due January 15, 2031
$400 million of 4.800% senior notes due December 4, 2035
Closing expected on or about December 4, 2025; notes are guaranteed by Standard & Poor's Financial Services LLC
S&P Global held its 2025 Investor Day on November 13, 2025, and announced a new share repurchase program of up to 30 million shares. It also introduced non-GAAP medium-term targets that exclude any contribution from the planned Mobility spin-off, and said it will not give 2026 financial guidance until its fourth-quarter earnings in February 2026.
Medium-term targets, on an average annual basis: 7% to 9% organic, constant currency revenue growth; 50-75 bps adjusted operating margin expansion; double-digit adjusted diluted EPS growth.
New share repurchase program authorized for up to 30 million shares.
A previously announced $2.5 billion accelerated share repurchase is expected to launch in the fourth quarter following Investor Day.
The company reiterated its target of returning approximately 85% of adjusted free cash flow to shareholders through dividends and buybacks.
S&P Global's board appointed Robert Moritz, former global chairman of PricewaterhouseCoopers, as a director effective March 1, 2026, and increased the board from nine to ten members. Moritz will sit on the Nominating and Corporate Governance and Audit committees, adding audit expertise to the board.
Robert Moritz appointed director by the board on November 4, 2025, effective March 1, 2026
Board size increases from nine to ten directors
Moritz to serve on the Audit and Nominating and Corporate Governance committees
Moritz previously served as global chairman of PwC and sits on Walmart's board
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