S&P Global Inc. (SPGI) earnings on July 28, 2026

SPGI price around the earnings

424.36

Change: -3.5%

Start of the measured window End of the measured window

408.22 419.81 431.41 443.00 439.83

July 28, 2026

Price: green if it ends above the starting price; red if it ends below
Start of the measured window
End of the measured window
Market open
Starting price

Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Missed

Thesis published: 2026-07-28, 09:59 UTC
Results released: 2026-07-28, 11:16 UTC

Strong analyst conviction with 17.9% upside and positive RS vs SPY; 75% beat rate supports an optimistic thesis.

Context analyzed before publication

Trend: Trajectory showed a strong run-up, but has recently pulled back from its peak, indicating some profit-taking.

Analysts

Evidence

Analyst consensus: Strong buy
Consensus average (1-5): 1.33
Analysts covering the stock: 18
Average price target: 518.72
Lowest price target: 444
Highest price target: 555
Upside to price target: 17.9%
Quarterly earnings growth: 28%
Revenue growth: 10.4%
Forward EPS: 20.31
Trailing EPS: 16.32
Analyst moves in the last 60 days: 10

Strong buy: 6
Buy: 17
Hold: 1
Sell: 0
Strong sell: 0

Strong buy: 6
Buy: 17
Hold: 1
Sell: 0
Strong sell: 0

July 21, 2026 · Baird: Maintains rating (Outperform → Outperform)
July 20, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
July 17, 2026 · Stifel: Maintains rating (Buy → Buy)
July 10, 2026 · B of A Securities: Maintains rating (Buy → Buy)
July 8, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
July 7, 2026 · Barclays: Maintains rating (Overweight → Overweight)
July 7, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
July 7, 2026 · UBS: Maintains rating (Buy → Buy)
July 7, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
July 7, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)

News and sentiment

Evidence

Sentiment

Sentiment: Constructive
Mention volume: Low
Normalized volume: 33%

News

Sources (7)

$100 Invested In S&P Global 10 Years Ago Would Be Worth This Much Today (opens in a new tab) — Benzinga
Baird Maintains Outperform on S&P Global, Raises Price Target to $521 (opens in a new tab) — Benzinga
JP Morgan Maintains Overweight on S&P Global, Raises Price Target to $555 (opens in a new tab) — Benzinga
Stifel Maintains Buy on S&P Global, Raises Price Target to $521 (opens in a new tab) — Benzinga
B of A Securities Maintains Buy on S&P Global, Lowers Price Target to $550 (opens in a new tab) — Benzinga
JP Morgan Maintains Overweight on S&P Global, Lowers Price Target to $535 (opens in a new tab) — Benzinga
Barclays Maintains Overweight on S&P Global, Lowers Price Target to $555 (opens in a new tab) — Benzinga

Technicals

Evidence

Average true range (ATR): 2.8%
Distance to 52-week high: -16.9%
14-day change (14d): +0.3%
30-day change (31d): +7.7%
30-day relative strength: +6.4%
SPY change (31d): +1.3%
Nearest support: 436.62
Nearest resistance: 439.63
Volume accumulation ratio (14d / 46d): 0.81

Trends

Evidence

Average earnings surprise: +3.6%

April 28, 2026: actual EPS 4.97 vs estimate 4.82 (surprise +3.2%)
February 10, 2026: actual EPS 4.3 vs estimate 4.34 (surprise -0.8%)
October 30, 2025: actual EPS 4.73 vs estimate 4.41 (surprise +7.3%)
July 31, 2025: actual EPS 4.43 vs estimate 4.22 (surprise +4.9%)

Expected move

Implied move: +3.2%
Source: Options chain

Reactions over its last 20 earnings

Median move: 3.1%
75th percentile move: 4.7%
90th percentile move: 7.1%
Up / down moves: 11 / 9
Average up move: +3.4%
Average down move: -3.4%

Monitoring and close

What S&P Global Inc. reported

Status: Finished

Actual EPS	4.87
EPS estimate	5.02
EPS surprise	-2.9%

S&P Global reports Q2 earnings beat, but shares fall. Announces acquisitions and a $7 billion buyback plan.

Sources (23)

S&P Global Conference: Space Deals Soar as Starlink, LEO and Orbital AI Reshape Markets (opens in a new tab) — MarketBeat
S&P Global Inc (SPGI) Q2 2026 Earnings Call Highlights: Strong Revenue and EPS Growth Amid ... (opens in a new tab) — GuruFocus.com
S&P Global Q2 Earnings Call Highlights (opens in a new tab) — MarketBeat
Why S&P Global Stock Was Tumbling on Tuesday (opens in a new tab) — Motley Fool
S&P Global Inc. (SPGI) Presents at Orbit as the Next Data Frontier: Capital Flows, Risk, and Realities Transcript (opens in a new tab) — SeekingAlpha
S&P Global Shares Slide After Strong Q2 Results: Earnings, Acquisitions, $7 Billion Buyback Plan (opens in a new tab) — Benzinga
S&P Global Q2 Earnings Beat on Ratings & Indices Strength (opens in a new tab) — Zacks
S&P Global (SPGI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates (opens in a new tab) — Zacks
S&P Global to Acquire Majority Stake in Pan-African Rating Agency Agusto (opens in a new tab) — MT Newswires
S&P Global profit jumps, strikes datacenterHawk, Agusto deals (opens in a new tab) — Reuters
S&P Global (SPGI) Beats Q2 Earnings and Revenue Estimates (opens in a new tab) — Zacks
S&P Global Inc. (SPGI) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
S&P Global’s (NYSE:SPGI) Q2 CY2026 Sales Top Estimates, but EPS Misses (opens in a new tab) — StockStory
S&P Global Reports Second Quarter Results (opens in a new tab) — Yahoo
S&P Global Q2 Adj. EPS $4.83 Beats $4.76 Estimate, Sales $4.146B Beat $3.851B Estimate (opens in a new tab) — Benzinga
S&P Global Sees FY2026 Adj. EPS From Continuing Operations Of $17.50-$17.75; Sees FY2026 GAAP And Adjusted Revenue Growth Of 5.9% To 7.9% (opens in a new tab) — Benzinga
S&P Global Enters Into Definitive Agreement To Acquire datacenterHawk; Terms Undisclosed (opens in a new tab) — Benzinga
S&P Global Sees FY2026 GAAP EPS $16.35-$16.60 vs $16.05 Est (opens in a new tab) — Benzinga
S&P Global Agrees To Acquire Majority Stake In Agusto & Co.; Terms Not Disclosed (opens in a new tab) — Benzinga
S&P Global to Acquire Majority Stake in Agusto & Company Limited, Expanding Ratings' Presence in Africa's Debt Markets (opens in a new tab) — Yahoo
S&P Global to Acquire datacenterHawk Connecting Global Data Center, Power and Infrastructure Markets (opens in a new tab) — Yahoo
S&P Global Inc. 2026 Q2 - Results - Earnings Call Presentation (opens in a new tab) — SeekingAlpha
Earnings per share: $4.87 vs $5.02 expected — below expectations. — Yahoo Finance

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome: Missed
Consolidated: -3.5%
Max favorable move (MFE): 0.5%
Max adverse move (MAE): 7.7%