SPGI
S&P Global Inc.Evidence as of 2026-09-10The desk's Snapshot
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Overview · S&P Global Inc.
S&P Global Inc., together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions. The S&P Global Ratings segment operates as…
Management team
- Ms. Sally Moore · Executive VP, Global Head of Strategy, M&A and PartnershipsFind on LinkedIn
- Ms. Dimitra Manis · Executive VP & Chief Purpose OfficerFind on LinkedIn
- Mr. Sitarama Swamy Kocherlakota · Executive VP & Chief Digital Solutions OfficerFind on LinkedIn
- Mr. Edouard Tavernier · President of S&P Global MobilityFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.2 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
Evidence balance: Mixed ( -0.2 of a possible +2 ) with high confidence. Revenue, operating income and net income all rose over the reported quarters: revenue was $ 4,171,000,000 in fiscal Q1 2026 (fiscal quarter ended 2026-04-24), up from $ 3,888,000,000 in fiscal Q3 2025 (fiscal quarter ended 2025-10-24) and $ 3,755,000,000 in fiscal Q2 2025 (fiscal quarter ended 2025-07-25). Operating income expanded to $ 2,002,000,000 in fiscal Q1 2026 (implying an operating margin of ~ 48.0 %), and net income was $ 1,395,000,000 with diluted EPS of $ 4.69.
The firm’s gross margin in fiscal Q1 2026 was about 70.4 %, while reported long-term debt rose to $ 13,318,000,000 as of 31 March 2026. Shares outstanding have declined across the periods provided, supported by $ 1,000,000,000 of repurchases reported in fiscal Q1 2026 and earlier buybacks; institutional reported position value remains large at $ 106.77B but fell 21.5 % quarter-over-quarter. Market measures show weak momentum and relative strength, price below the 50‑ and 200‑day SMAs, elevated short‑term volatility, modest dividend yield (~ 0.92 %), and low market sensitivity (beta ~ 0.35). Valuation inputs show trailing TTM P/E of 26.84, P/FCF of 36.51, TTM FCF $ 3,410,000,000 with market‑implied FCF growth of 0.2433, and a DCF headline comparing an intrinsic value of $ 366 to a market price of $ 429. Several insiders reported purchases in late April and early May 2026.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue for the quarter ended 31 March 2026 (fiscal Q1 2026, 2026-01-01 to 2026-03-31) was $4,171,000,000, up from $3,888,000,000 in the quarter ended 30 September 2025 (fiscal Q3 2025, 2025-07-01 to 2025-09-30) and $3,755,000,000 in the quarter ended 30 June 2025 (fiscal Q2 2025, 2025-04-01 to 2025-06-30).
XBRL companyfacts · 0000064040-26-000024Operating income expanded to $2,002,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31), compared with $1,675,000,000 in fiscal Q3 2025 (2025-07-01 to 2025-09-30) and $1,551,000,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30), implying operating margins of ~48.0% (Q1 2026), ~43.1% (Q3 2025) and ~41.3% (Q2 2025) using reported revenue for each quarter.
XBRL companyfacts · 0000064040-26-000024Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the 10-K filed 11 February 2026, the company added materially expanded cyber- and information-security risk language emphasizing that its size, scale and role in global markets increases exposure to cyber attacks and that incidents "could have a material adverse effect on our business, financial condition or results of operations."
10-K filed 2026-02-11The 10-K filed 11 February 2026 added extensive, detailed risk disclosures about AI, including that AI is "fundamentally changing the way data is gathered, produced, protected, licensed, processed, and consumed," that the company has made "significant investments in various AI initiatives," and that those investments and reliance on third-party AI providers "may materially increase the cost profile of our offerings" or leave the company unable to obtain comparable data if third parties limit access.
10-K filed 2026-02-11Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Momentum measures are negative across horizons: 3‑month momentum is -1.5%, 6‑month is -3.7%, and the 12_1 momentum is -25.9% (ranked at the 11th percentile of the 548‑stock research universe).
Moneyta signal set · 2026-09-09weakened in debateRelative strength versus SPY is weak: 6‑month relative strength is -16.6% (27th percentile of 548) and 12‑month relative strength is -41.4%.
Moneyta signal set · 2026-09-09Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional holders reported a total position value of $106.77B as of the 13F reporting period ended 2026-03-31.
13F holdings · 2096 filers · as of 2026-03-31Reported institutional position value declined by 21.5% quarter-over-quarter in the 13F period ending 2026-03-31.
13F holdings · 2096 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A DCF analysis headline reports an intrinsic value of $366 compared with a market price of $429 for SPGI.
News · gurufocus.com · 2026-09-09A separate headline frames SPGI as potentially undervalued after a 3.2% price drop, according to GF Value.
News · gurufocus.com · 2026-09-08Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
CHEUNG MARTINA (CEO & President) bought 2,322 shares for "$998k" (implying approximately $429.64 per share) on 2026-04-29; no trading plan is listed on the filing.
Form 4 · CHEUNG MARTINA (CEO & President) · $998k bought · 2026-04-29Clay Catherine R (CEO, S&P Dow Jones Indices) bought 2,500 shares for "$1.1M" (implying approximately $440.00 per share) on 2026-05-01; no trading plan is listed on the filing.
Form 4 · Clay Catherine R (CEO, S&P Dow Jones Indices) · $1.1M bought · 2026-05-01Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The market-implied free cash flow (FCF) growth rate embedded in the inputs is 24.33% (0.2433).
Valuation inputs · SEC XBRL + stored EOD closePrice-to-trailing-twelve-months FCF (P/FCF) based on the inputs is 36.51.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The provided fundamentals show sequential revenue, operating income, and net income expansion with materially higher operating margins in fiscal Q1 2026 versus prior quarters, alongside sustained share-count reduction and reported repurchases — together these items raise earnings and free-cash-flow per-share metrics. Insider purchases by multiple senior executives and a large institutional position value (13F) support a read of manager and investor engagement, while trailing‑12‑month FCF and FCF-per-share are sizable versus reported market cap. The bear case points to weaker momentum, elevated short‑term volatility, expanded risk language on cyber/AI, and lower reported institutional position value; however, the low beta/low correlation metrics indicate company returns are less tied to broad market moves, the 10‑K language documents exposures rather than operational failures, and quarterly institutional flows can reflect portfolio rebalancing or index/ETF mechanics given notable ETF inclusion. Taken together, these claims jointly support a favorable informational read on operating leverage, cash‑flow generation, and capital return execution, while the bearish signals appear more tied to market timing, disclosure conservatism, and short‑term positioning rather than the firm's reported operating and cash‑flow profile.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.34
34 surviving claims rest on 15 distinct sources; the heaviest analyst carries 21% of them, and 98% of what the desk raised survived the debate.
The evidence set is moderately dispersed across sources but leans on a relatively small analyst contribution and a high survival rate from the desk review. That combination means the read is factually robust within the reviewed corpus, but still somewhat fragile to a few dominant inputs or to new filings that would change primary reported figures.
Peer context · computed, not argued
12-1 momentum ranks 6th of 7 in Financial Data & Stock Exchanges (as of 2026-09-09).
6-month relative strength ranks 5th of 7 in Financial Data & Stock Exchanges (as of 2026-09-09).
90-day volatility ranks 5th of 7 in Financial Data & Stock Exchanges (as of 2026-09-09).
dividend yield ranks 5th of 7 in Financial Data & Stock Exchanges (as of 2026-09-09).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
9 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+1.4 to the score
7 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.8 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.5 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
2 headlines
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
5 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot+0.6 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on SPGI Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.