S&P Global stock enters Capital IQ review after Q3 gains

Published on 11/09/2026 at 14:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

S&P Global stock faces a Capital IQ review after a stronger quarter. Management updated its 2026 outlook while keeping core ratings platforms in focus.

Portfolio review meets stronger quarter

S&P Global is assessing options for Capital IQ and related businesses, including a possible separation.
Third-quarter revenue rose 7 percent, while adjusted diluted earnings per share increased 9 percent.
The company set 2026 adjusted diluted earnings guidance at 17.70 to 17.95 US dollars.

S&P Global, US78409V1044, Illustration mit AI erstellt.

On October 27, S&P Global launched a strategic review of Capital IQ and associated information businesses after reporting stronger third-quarter results. The review could lead to a spin-off, sale or another form of separation, according to Investor Data Digest.

The scope covers Capital IQ and related information businesses that make up most of Kensho Data & Platforms within Market Intelligence. S&P Global said RatingsDirect, RatingsXpress and Enterprise Solutions are expected to remain with the group. Management argued that separate ownership could provide more focused investment and support faster innovation and growth.

Quarterly growth supports strategic reset

Revenue increased 7 percent to 3.678 billion US dollars in the third quarter. GAAP net income rose 20 percent to 1.298 billion US dollars, while diluted GAAP earnings per share climbed 26 percent to 4.45 US dollars. The reported GAAP figures benefited from a gain on an Energy business disposition.

On an adjusted basis, net income increased 4 percent to 1.337 billion US dollars and adjusted diluted earnings per share rose 9 percent to 4.58 US dollars. Higher taxes partly offset the adjusted earnings performance. Ratings revenue grew 2 percent to 1.271 billion US dollars, showing that the group's core credit franchise continued to expand even as management reviews the structure of its information portfolio.

S&P Global stock traded at 419.35 euros on Lang & Schwarz at 14:01 CET on Monday, November 9, 2026. Investors are weighing the potential portfolio benefits of a separation against execution risks, including how the businesses would be funded, managed and integrated with the remaining group.

Outlook keeps execution in focus

For 2026, S&P Global expects reported revenue growth of 7.4 percent to 8.4 percent and organic constant-currency growth of 7.5 percent to 8.5 percent. Adjusted diluted earnings per share guidance stands at 17.70 to 17.95 US dollars, while GAAP diluted earnings per share guidance is 16.25 to 16.50 US dollars.

The company also repurchased 2.6 billion US dollars of stock during the quarter and more than 4 billion US dollars during the year. It continues to expect total 2026 repurchases above 7 billion US dollars, adding a capital-return element to the strategic review.

For investors, the review creates a new decision point beyond the quarterly figures. A separation could sharpen the focus of Capital IQ and related platforms, but the outcome, timing and exact perimeter remain important variables for the valuation of the remaining S&P Global businesses.