| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 31 | 27.4x | 17.3x | Bottom tier | |
Growth | 68 | 9.7% | 7.1% | Top tier | |
Quality | 80 | — | — | Top tier | |
Safety | 73 | — | — | Top tier | |
Capital Return | 72 | 0.85% | 0.06% | Top tier | |
Momentum | 58 | -15.9% | -1.6% | Around median | |
Sentiment | 85 | 15 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
S&P Global sells credit ratings, indices, data, and analytics services through its Ratings, Indices, Energy, and Market Intelligence divisions. Its businesses include S&P Dow Jones Indices, Platts price benchmarks, the Cap IQ and Visible Alpha platforms, and Kensho AI-ready data interfaces, linking its revenue streams to debt issuance, index usage, and data subscriptions and licensing. After completing the Mobility spin-off on 2026-07-01, management explained on the 2026-07-28 call that benchmark businesses account for approximately two-thirds of revenue and more than 80% of operating profit, making these businesses the company's economic center of gravity.
Revenue for quarter 2 of fiscal year 2026 ended 2026-06-30 was approximately 4.1 billion dollars, net income was 1.2 billion dollars, and diluted earnings per share were 4.12 dollars. The same quarter recorded a gross margin of 71.9% and an operating margin of 50.8%, while operating cash flow was 1.4 billion dollars, according to EL7 data. A reliable comparison of revenue growth against the same quarter of the previous fiscal year, or of margin changes on the same basis, is unavailable because the definition of the revenue line item differs between the periods.
Ratings became the largest division by revenue following the Mobility spin-off, while Energy combines the Platts business with CERA's data, research, events, and supply chain businesses. In Market Intelligence, management is focused on expanding data distribution through Kensho and consolidating overlapping platforms to improve profitability. This direction faces uneven demand: opportunities linked to data center financing and data usage within AI applications, alongside pressure on some Energy contract renewals and weakness in certain advisory and sustainability products, as management discussed on 2026-07-28.
Q2 FY2026
When: 2026-10-27
Operating margin at the 50.8% threshold recorded in quarter 2 of fiscal year 2026 ended 2026-06-30
Diluted share count at the threshold of 295.5 million shares recorded in quarter 2 of fiscal year 2026 ended 2026-06-30
The median analyst price target is 510 dollars, within a range of 477 dollars to 531 dollars across 6 analysts. This method reflects growth expectations, with an inherently optimistic bias. The industry-multiple value is 429 dollars, within a range of 379 dollars to 547 dollars, using a median price-to-book multiple of 4.0 across 10 companies. It measures S&P Global's value when its book equity is priced like that of its peers. The ranges of the two methods overlap, but the median analyst target exceeds the industry-multiple value, reflecting the different weight assigned to expected growth versus comparative book value. The average consensus target is 506.71 dollars, while Jefferies lowered its target to 490 dollars on 2026-10-16, illustrating variation in estimates within analysts' broadly positive outlook.
Figures in the text are as of 2026-10-19; the live price is shown at the top of the page.
S&P Global completed the Mobility spin-off on 2026-07-01 and now focuses on Ratings, Indices, Energy, and Market Intelligence. It sells credit ratings, indices, Platts price benchmarks, data, and analytics through products such as Cap IQ, Visible Alpha, and Kensho. On 2026-07-28, management explained that benchmark businesses account for approximately two-thirds of revenue and more than 80% of operating profit, highlighting their importance in the business mix.
Quarter 2 of fiscal year 2026 ended 2026-06-30 generated revenue of 4.1 billion dollars and net income of 1.2 billion dollars. The operating margin for the same quarter was 50.8%, and diluted earnings per share were 4.12 dollars. The diluted share count declined to 295.5 million shares, compared with 306.1 million shares in quarter 2 of fiscal year 2025 ended 2025-06-30, a decrease of 3.5% from the same quarter of the previous fiscal year. This means the shrinking share base is an independent factor to monitor alongside changes in operating profit.
Automated analysis for informational purposes only — not investment advice.
The opportunity appears in infrastructure financing and data licensing, two distinct channels within S&P Global. On the 2026-07-28 call, management raised its debt issuance assumption for hyperscale infrastructure companies for fiscal year 2026 ending 2026-12-31 to 250 billion dollars to 300 billion dollars, supporting demand for Ratings. At Kensho, it said approximately 15% of customers using language-model-ready interfaces were new or returning customers, and described a renewal combining Visible Alpha and AI-ready data with an increase exceeding 20% over several years. These examples demonstrate commercial transactions, while their expansion remains linked to customer uptake of new distribution channels.
A news report dated 2026-10-19 stated that officials from 17 U.S. states are challenging S&P Global, Moody's, and Fitch over their practices for assessing climate-related ESG risks. The states allege that these standards could harm their credit ratings and divert funding away from infrastructure and pensions, and have called on the SEC to scrutinize the practices. The objection concerns the ratings business itself, which management described on the 2026-07-28 call as S&P Global's largest division by revenue following the Mobility spin-off. The news report dated 2026-10-19 did not include a final ruling, a fine, or a specific financial impact.
The median analyst price target is 510 dollars, while the industry-multiple value is 429 dollars. Analyst targets reflect growth expectations, whereas the second method is based on book value using a median multiple of 4.0 across 10 companies. The analyst range of 477 dollars to 531 dollars overlaps with the industry-multiple range of 379 dollars to 547 dollars, so the difference in central values does not reflect a complete separation between the estimates. On 2026-10-16, Jefferies lowered its target to 490 dollars, while the consensus rating remained Buy.