S&P Global (SPGI)
Provides credit ratings, market data, commodity benchmarks, and financial indices worldwide.
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Provides market data and workflow tools, credit ratings, commodity price benchmarks, and financial indices through four global divisions. Revenue comes from subscriptions, issuance and surveillance fees, and licenses tied partly to indexed assets and trading volumes; the former Mobility business now operates independently.
Supplies financial-market infrastructure through four divisions: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, and S&P Dow Jones Indices. Their products span Capital IQ data and workflow tools, credit ratings and research, Platts price assessments and commodity analytics, and benchmarks such as the S&P 500 and Dow Jones Industrial Average.
Serves institutions and commercial customers worldwide through subscriptions, data feeds, software, transaction fees, and licenses. Proprietary datasets and established methodologies support recurring workflows, while ratings and index franchises earn fees tied to securities issuance, assets in indexed products, and derivatives trading.
Following the completed Mobility spin-off, the portfolio centers on capital and commodity markets. Ratings operates under financial regulation across multiple jurisdictions, while index and energy benchmark fees vary with asset levels, derivatives trading, and commodity-market activity.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 2, 2026 | Robert W. Baird | Target | Target: $546 | Target: $513 |
| Jul 17, 2026 | Stifel Nicolaus | Target | Target: $489 | Target: $521 |
| Jul 7, 2026 | RBC Capital | Reiterate | Rating: —Target: $552 | Target: $510 |
| Jul 7, 2026 | BMO Capital | Reiterate | Rating: —Target: $482 | Target: $505 |
| Feb 23, 2026 | Barclays | Target | Target: $550 | Target: $565 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.14B · Total debt $15.75B · Total assets $62.91B · Shareholders' equity $31.62B
- Revenue
- $4.15B
- Operating income
- $2.11B
- Net income
- $1.22B
HistoryDividendAnnual yield
| Institutions | 88.18% | 261.02M shares | |
|---|---|---|---|
| 2,117 holders · as of Jun 30, 2026 | |||
| Insiders | 0.07% | 193.4K shares | |
| 20 holders · as of Aug 4, 2026 | |||
| Other | 11.75% | 34.79M shares | |
| remainder | |||
296.00M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.10% | 23.98M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.52% | 19.30M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.89% | 14.48M | as of Jun 30, 2026 |
Tci Fund Management LtdInstitution | 4.76% | 14.08M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 2.47% | 7.31M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 1, 2026 | Catherine R. Clay | officer: CEO, S&P Dow Jones Indices | +2,500 | $431.39 |
| Apr 30, 2026 | Robert Edward Jr. Moritz | director | +1,152 | $434.03 |
| Apr 29, 2026 | Martina Cheung | director, officer: CEO & President | +2,322 | $429.93 |
| Feb 11, 2026 | Hubert Joly | director | +2,500 | $398.98 |
| Sep 10, 2025 | William W. Eager | officer: President, S&P Global Mobility | +11 | $544.30 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| S&P Global | $402.84 | −0.40% | $119.24B | 24.6 | 21.3 | 7.4 | −2.1% |
| Moody's | $467.47 | +0.05% | $80.94B | 29.7 | 26.3 | 9.9 | +15.1% |
| MSCI | $551.67 | −1.31% | $40.64B | 30.8 | 26.1 | 12.2 | +12.2% |
| Intercontinental Exchange | $152.95 | −1.56% | $87.22B | 21.9 | 18.6 | 6.5 | −18.3% |
| FactSet | $278.96 | −1.81% | $10.10B | 18.7 | 14.6 | 4.1 | +6.4% |
| Morningstar | $197.54 | −1.95% | $7.56B | 19.1 | 15.3 | 2.9 | +9.6% |
| Median | 21.9 | 18.6 | 6.5 | +9.6% |