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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jeff Meuler | Robert W. Baird | 7 (14%) |
| Craig Huber | Huber Research Partners | 7 (0%) |
| Manav Patnaik | Barclays | 7 (0%) |
| Jason Haas | Wells Fargo | 7 (29%) |
| Toni Kaplan | Morgan Stanley | 7 (14%) |
| Jeff Silber | BMO Capital Markets | 7 (29%) |
| George Tong | Goldman Sachs | 7 (0%) |
| Faiza Alwy | Deutsche Bank | 7 (0%) |
| Ashish Sabadra | RBC Capital Markets | 7 (0%) |
| Scott Wurtzel | Wolfe Research | 7 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 1 | 7 (14%) |
| JPMorgan | 2 | 7 (14%) |
| Barclays | 1 | 7 (0%) |
| Huber Research Partners | 1 |
| 7 (0%) |
| Deutsche Bank | 1 | 7 (0%) |
| BMO Capital Markets | 1 | 7 (29%) |
| Goldman Sachs | 1 | 7 (0%) |
| RBC Capital Markets | 1 | 7 (0%) |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.59B | +14.0% | $2.85 | +55.7% | 36.4% | 24.5% |
| FY2025 Q1 | $3.78B | +8.2% | $3.54 | +12.0% | 41.8% | 28.9% |
| FY2025 Q2 | $3.75B | +5.8% | $3.50 | +8.4% | 41.3% | 28.5% |
| FY2025 Q3 | $3.89B | +8.8% | $3.86 | +23.7% | 43.1% | 30.2% |
| FY2025 Q4 | $3.92B | +9.0% | $3.75 | +31.6% | 42.7% | 29.0% |
| FY2026 Q1 | $4.17B | +10.4% | $4.69 | +32.5% | 48.0% | 33.4% |
| FY2026 Q2 | $4.15B | +10.4% | $4.12 | +17.7% | 43.7% | 29.4% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
S&P Global grew Q1 2026 revenue 10% (9% organic constant currency) with adjusted diluted EPS up 14% year-over-year, as Ratings demonstrated resilience amid macro volatility and Indices delivered double-digit growth across all product lines. Enterprise guidance was reiterated unchanged at 6-8% organic constant currency revenue growth with 50-75 basis points of margin expansion and adjusted EPS unchanged, while AI distribution drove customer value and monetization. Private markets grew strongly with near-term caution, the Mobility spin-off progressed toward mid-2026, and the company accelerated capital return by raising repurchases from 85% to at least 100% of adjusted free cash flow, while the Iran conflict pressured the energy division outlook.
Revenue Growth | Cloud & AI | Competitive Dynamics | Demand | Credit | Margin | M&A | Innovation & R&D | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 3 | 5 | 6 | 5 | 2 | 2 | 3 |
| 2025Q1 | 7 | 1 | 3 | 7 | 3 | 3 | 2 | |
| 2025Q2 | 5 | 2 | 6 | 5 | 3 | 3 | 1 | |
| 2025Q3 | 9 | 7 | 4 | 2 | 2 | 3 | ||
| 2025Q4 | 6 | 8 | 4 | 2 | 3 | 4 | 2 | 1 |
| 2026Q1 | 8 | 7 | 3 | 4 | 1 | 2 | 2 | 4 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4 | 7 | 5 | 9 | 6 | 8 |
| Cloud & AI | 3 | 1 | 2 | 7 | 8 | 7 |
| Competitive Dynamics | 5 | 3 | 6 | 4 | 4 | 3 |
| Demand | 6 | 7 | 5 | 2 | 4 | |
| Credit | 5 | 3 | 3 | 2 | 3 | 1 |
| Margin | 2 | 3 | 3 | 2 | 4 | 2 |
| M&A | 2 | 2 | 3 | 2 | 2 | |
| Innovation & R&D | 3 | 1 | 1 | 4 |
What SPGI and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Additionally, during the quarter, we received an upgrade from Standard & Poor’s and Fitch to investment-grade level.”
S&P Global Ratings upgraded Western Digital to investment grade, reflecting a rating agency's improved credit assessment of WDC.
“we are continuing to work with our partners at S&P to make certain that, as we go forward, we're all on the same page.”
CME co-owns the S&P Dow Jones index JV (27%) and pushed back on an S&P 500 perpetual-futures license granted to a third party, but is working with S&P Global to align going forward.
“delivering strong investment-grade credit rating of A3, A- and BBB+ with a positive outlook from Moody's, Fitch and S&P, respectively”
S&P assigned Honeywell a BBB+ investment-grade rating with a positive outlook on its $20B Aerospace spin financing.
“we have entered an agreement to pursue a strategic partnership with S&P Global Commodity Insights around AI”
SLB is forming an AI strategic partnership with S&P Global Commodity Insights to apply LLMs and domain foundation models to S&P's global datasets.
“we have come to an agreement with S&P Global Commodity Insights to acquire the upstream petrotechnical software suite”
SLB is acquiring S&P Global Commodity Insights' upstream petrotechnical software suite (not its data) to expand its digital unconventional workflows.
“EIX has one of the strongest consolidated FFO-to-debt ratios projected by S&P.”
Edison cites S&P's projections showing EIX with one of the strongest consolidated FFO-to-debt ratios, underscoring credit strength as assessed by the rating agency.
“we continue to have strong investment-grade credit ratings at S&P and Moody's. Both agencies note our trend of credit supportive regulatory outcomes and expect to sustain FFO-to-debt ratios that are well within the current ratings thresholds.”
S&P maintains American Water's strong investment-grade rating, noting credit-supportive regulatory outcomes.
“a direct reflection of our A credit ratings from both Moody’s and S&P.”
Regency cites its A rating from S&P (S&P Global Ratings) supporting a record-low credit spread.
“On April 6, we were pleased to be joined by our long-term partner, S&P Dow Jones Indices, for the inaugural televised bell ringing on the Cboe floor as part of our new multi-year collaboration with CNBC.”
S&P Dow Jones Indices (majority-owned by S&P Global) is Cboe's long-term index-licensing partner underpinning the SPX franchise, reinforced here by a new joint media presence.
“Second, Standard & Poor’s upgraded IPL’s credit rating from BBB+ to A-.”
S&P upgraded Alliant subsidiary IPL's credit rating one notch, a rating-agency action on the reporting company.
“In April, S&P affirmed our BBB+ credit rating and stable outlook”
S&P Global Ratings affirmed Ameren's BBB+ rating with a stable outlook, a routine credit-quality signal from the agency.
“We are committed to ensuring that we maintain financial flexibility and strong credit metrics over the guidance period, targeting approximately 14% at Moody's and S&P.”
Exelon is targeting roughly 14% credit metrics at S&P (S&P Global Ratings) to maintain its credit standing over the guidance period.
“We also launched an additional tokenized S&P 500 Index on blockchain in partnership with Centrifuge”
S&P Dow Jones Indices partnered with Centrifuge to launch a tokenized S&P 500 Index on blockchain.
“we continue to make progress in the private markets with our partnership with Cambridge Associates and Mercer.”
S&P Global partners with Mercer (Marsh McLennan) to build contributory private-markets performance data sets.
“we continue to make progress in the private markets with our partnership with Cambridge Associates and Mercer.”
S&P Global's private-markets data partnership with Cambridge Associates supplies contributory private credit and infrastructure benchmarks.
“we think SLB is a very good partner on that. And as part of that decision to divest, we also have a new distribution partnership with SLB that we are quite excited about as we close that.”
S&P Global is divesting its Upstream software portfolio to SLB and entering a new distribution partnership with SLB.
“Our branded custom business logic and calculation engines as well as many of the tools that exist in Cap IQ Pro will integrate with platforms like Copilot and Claude.”
S&P Global plans to integrate its Cap IQ Pro business logic and tools with Microsoft Copilot as a third-party AI distribution channel.
“The first step to doing that has actually been the announcement of the S&P Global plug-in, which was announced in line with the Claude for Financial Services announcement in the first quarter.”
S&P Global launched an S&P Global plug-in alongside Anthropic's Claude for Financial Services, distributing its AI-ready data and tools into the Claude environment.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SPGI S&P Global | 8 | +10.4% | |
| CBOE Cboe Global Markets | 10 | +6.5% | |
| CME CME Group | 7 | +14.5% | |
| COIN Coinbase Global | 1 | -30.5% | |
| FDS FactSet | 6 | +7.1% | |
| ICE Intercontinental Exchange | 9 | +13.5% | |
| MCO Moody's Corporation | 7 | +8.1% | |
| MSCI MSCI | 8 | +14.1% | |
| NDAQ Nasdaq, Inc. | 8 | +2.3% |