S&P Global Shares Drop Over Earnings Reporting Confusion
On July 28, 2026, S&P Global (NYSE: SPGI) shares fell more than 3% in late-session trading after the company released its second-quarter earnings report. The decline was steeper than the broader market's drop of about 0.3%. Initial reports focused on GAAP net income per share at $4.08, but this figure later appeared to be a misreporting error as non-GAAP (adjusted) results came in stronger. The company reported revenue of nearly $4.15 billion for the quarter—up 10% year-over-year—and exceeded analyst expectations on that front. However, after adjusting for its recently spun-off Mobility Global business, pro forma revenue was just under $3.68 billion, still up by double digits. Non-GAAP net income rose to almost $4.83 per share, slightly above the expected $4.75. Despite strong performance across all four legacy divisions—particularly in indices and ratings—the stock dipped due to confusion around earnings reporting. Analysts suggest this may present a buying opportunity for investors.
Topics: Earnings Report S&P Global Stock Decline