S&P Global sets 30 million share buyback and medium-term targets at Investor Day
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 13, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.