Financial Analysis

Commitments and Contingencies Leases We determine whether an arrangement meets the criteria for an operating lease or a finance lease at the inception of the arrangement. We have operating leases for office space and equipment. Our leases have remaining lease terms of 1 year to 15 years, some of which include options to extend the leases for up to 12 years, and some of which include options to terminate the leases early. We sublease certain real estate leases to third parties which mainly consist of operating leases for space within our offices. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expenses for these leases on a straight line-basis over the lease term in operating-related expenses and selling and general expenses. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date. Our future minimum based payments used to determine our lease liabilities include minimum based rent payments and escalations. As most of our leases do not provide an implicit rate, we use our estimated incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. During the years ended December 31, 2025, 2024 and 2023 we recorded a pre-tax impairment charge of $3 million, $3 million and $26 million, respectively, related to the impairment and abandonme …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Debt A summary of short-term and long-term debt outstanding is as follows: (in millions) December 31, 2025 2024 4.75% Senior Notes, due 2025 1 4 4.0% Senior Notes, due 2026 2 3 3 2.95% Senior Notes, due 2027 3 499 498 2.45% Senior Notes, due 2027 4 1,246 1,243 4.75% Senior Notes, due 2028 5 784 797 4.25% Senior Notes, due 2029 6 991 1,004 2.5% Senior Notes, due 2029 7 498 497 2.70% Sustainability-Linked Senior Notes, due 2029 8 1,241 1,238 1.25% Senior Notes, due 2030 9 596 595 4.25% Senior Notes, due 2031 10 595 2.90% Senior Notes, due 2032 11 1,480 1,477 5.25% Senior Notes due 2033 12 744 744 4.80% Senior Notes, due 2035 13 396 6.55% Senior Notes, due 2037 14 291 291 4.5% Senior Notes, due 2048 15 273 273 3.25% Senior Notes, due 2049 16 591 590 3.70% Senior Notes, due 2052 17 976 975 2.3% Senior Notes, due 2060 18 683 683 3.9% Senior Notes, due 2062 19 486 486 Commercial paper 715 Total debt 13,088 11,398 Less: short-term debt including current maturities 718 4 Long-term debt $ 12,370 $ 11,394 1 We made a $4 million repayment of our 4.75% senior notes in the first quarter of 2025. 2 Interest payments are due semiannually on March 1 and September 1. 3 Interest payments are due semiannually on January 22 and July 22, and as of December 31, 2025, the unamortized debt discount and issuance costs total $1 million. 4 Interest payments are due semiannually on March 1 and September 1, and as of December 31, 2025, the unamortized debt discount and issuance costs total $4 million. 5 …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation We issue stock-based incentive awards to our eligible employees under the 2019 Employee Stock Incentive Plan and to our eligible non-employee members of the Board of Directors under a Director Deferred Stock Ownership Plan. No further awards may be granted under the 2002 Employee Stock Incentive Plan (the 2002 Plan), although awards granted under the 2002 Plan prior to the adoption of the new 2019 Plan in June of 2019 remain outstanding in accordance with their terms. 2019 Employee Stock Incentive Plan (the 2019 Plan) The 2019 Plan permits the granting of stock options, stock appreciation rights, restricted stock awards, performance awards, and other stock-based awards. Director Deferred Stock Ownership Plan (the Director Plan) Under the Director Plan, common stock reserved may be credited to deferred stock accounts for eligible non-employee members of the Board of Directors. In general, the plan requires that 50% of eligible Directors annual compensation and dividend equivalents be credited to deferred stock accounts. Each Director may also elect to defer all or a portion of the remaining compensation and have an equivalent number of shares credited to their deferred stock account. Recipients under this plan are not required to provide consideration to us other than rendering service. Shares will be delivered as of the date a recipient ceases to be a member of the Board of Directors or within five years thereafter, if so elected. The plan will remain …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets Goodwill Goodwill represents the excess of purchase price and related costs over the value assigned to the net tangible and identifiable intangible assets of businesses acquired. The change in the carrying amount of goodwill by segment is shown below: (in millions) Market Intelligence Ratings Energy Mobility Indices Corporate Total Balance as of December 31, 2023 $ 18,183 $ 274 $ 5,538 $ 8,863 $ 1,417 $ 575 $ 34,850 Acquisitions 229 16 245 Dispositions (80) (80) Other 1 (26) (15) (4) (5) (48) (98) Balance as of December 31, 2024 18,306 259 5,550 8,858 1,369 575 34,917 Acquisitions 1,487 24 36 5 1,552 Reclassifications 2 (141) (115) 115 (141) Other 1 10 (4) 13 100 28 147 Balance as of December 31, 2025 $ 19,662 $ 164 $ 5,563 $ 8,858 $ 1,505 $ 723 $ 36,475 1 Primarily relates to the impact of foreign exchange and valuation adjustments for prior period acquisitions. 2 Relates to Enterprise Data Management, which is classified as assets held for sale in our consolidated balance sheet as of December 31, 2025. Goodwill additions and dispositions in the table above relate to transactions discussed in Note 2 - Acquisitions and Divestitures. Other Intangible Assets Other intangible assets include both indefinite-lived assets not subject to amortization and definite-lived assets subject to amortization. We have indefinite-lived assets with a carrying value of $846 million as of December 31, 2025 and 2024. 2025 and 2024 both include $380 million and …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Taxes on Income Income before taxes on income resulting from domestic and foreign operations is as follows: (in millions) Year Ended December 31, 2025 2024 2023 Domestic operations $ 3,356 $ 3,436 $ 1,899 Foreign operations 2,871 1,872 1,772 Total income before taxes $ 6,227 $ 5,308 $ 3,671 The provision for taxes on income consists of the following: (in millions) Year Ended December 31, 2025 2024 2023 Federal: Current $ 909 $ 740 $ 559 Deferred (110) (131) (177) Total federal 799 609 382 Foreign: Current 448 472 370 Deferred (52) (161) (150) Total foreign 396 311 220 State and local: Current 292 252 216 Deferred (80) (31) (40) Total state and local 212 221 176 Total provision for taxes $ 1,407 $ 1,141 $ 778 The Company has elected to prospectively adopt the guidance in ASU No. 2023-09. Refer to Note 1 Accounting Policies for additional information. A reconciliation of the U.S. federal statutory income tax amount and rate to our effective income tax amount and rate for financial reporting purposes for the year ended December 31, 2025 is as follows: (in millions) Year Ended December 31, 2025 Amount Percent U.S. Federal Statutory Income Tax Rate $ 1,308 21.0 % State & local income taxes, net of federal income tax 1 129 2.1 Foreign tax effects United Kingdom (66) (1.1) Malta Statutory tax rate differential 113 1.8 Nontaxable income (269) (4.3) Other foreign jurisdictions 48 0.8 Effects of cross-border tax laws Subpart F income 190 3.0 Foreign derived intangible income (68) ( …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Recently Issued or Adopted Accounting Standards In November of 2025, the Financial Accounting Standards Board (FASB) issued accounting guidance to more closely align hedge accounting with the economics of an entity's risk management activities. This guidance is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods, and early adoption is permitted. We do not expect this guidance to have a significant impact on our consolidated financial statements. In September of 2025, the FASB issued accounting guidance that clarifies the guidance on which contracts are subject to derivative accounting and guidance on accounting for share based payments on contracts with customers. This guidance is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods, and early adoption is permitted. We do not expect this guidance to have a significant impact on our consolidated financial statements. In September of 2025, the FASB issued accounting guidance which removes references to prescriptive software development stages and includes an updated framework for capitalizing internal software costs. This guidance is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods, and early adoption is permitted. We do not expect this guidance to have a signi …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Employee Benefits We maintain a number of active defined contribution retirement plans for our employees. The majority of our defined benefit plans are frozen. As a result, no new employees will be permitted to enter these plans and no additional benefits for current participants in the frozen plans will be accrued. We also have supplemental benefit plans that provide senior management with supplemental retirement, disability and death benefits. Certain supplemental retirement benefits are based on final monthly earnings. In addition, we sponsor a voluntary 401(k) plan under which make a non-elective contribution and may match employee contributions up to certain levels of compensation as well as profit-sharing plans under which we contribute a percentage of eligible employees compensation to the employees accounts. We also provide certain medical, dental and life insurance benefits for active employees and eligible dependents. The medical and dental plans and supplemental life insurance plan are contributory, while the basic life insurance plan is noncontributory. We currently do not prefund any of these plans. We recognize the funded status of our retirement and postretirement plans in the consolidated balance sheets, with a corresponding adjustment to accumulated other comprehensive loss, net of taxes. The amounts in accumulated other comprehensive loss represent net unrecognized actuarial losses and unrecognized prior service costs. These amounts will be subsequently reco …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Restructuring We continuously evaluate our cost structure to identify cost savings associated with streamlining our management structure. Our 2025 and 2024 restructuring plans consisted of company-wide workforce reductions of approximately 1,300 and 1,230 positions, respectively, and are further detailed below. The charges for each restructuring plan are classified as selling and general expenses within the consolidated statements of income and the reserves are included in other current liabilities in the consolidated balance sheets. In certain circumstances, reserves are no longer needed because employees previously identified for separation resigned from the Company and did not receive severance or were reassigned due to circumstances not foreseen when the original plans were initiated. In these cases, we reverse reserves through the consolidated statements of income during the period when it is determined they are no longer needed. The initial restructuring charge recorded and the ending reserve balance as of December 31, 2025 by segment is as follows: 2025 Restructuring Plan 2024 Restructuring Plan (in millions) Initial Charge Recorded Ending Reserve Balance Initial Charge Recorded Ending Reserve Balance Market Intelligence $ 56 $ 25 $ 77 $ 7 Ratings 17 5 4 1 Energy 19 12 13 Mobility 15 11 6 1 Indices 4 4 1 Corporate 46 28 24 6 Total $ 157 $ 85 $ 125 $ 15 For the year ended December 31, 2025, we recorded a pre-tax restructuring charge of $157 million primarily related to …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Segment and Geographic Information As discussed in Note 1 Accounting Policies , we have five reportable segments: Market Intelligence, Ratings, Energy, Mobility and Indices. Our Chief Executive Officer is our chief operating decision-maker (CODM) and evaluates performance of our segments and allocates resources (including employees, property, and financial or capital resources) based primarily on operating profit for each segment. Segment operating profit does not include Corporate Unallocated expense, equity in income on unconsolidated subsidiaries, other (income) expense, net, or interest expense, net, as these are amounts that do not affect the operating results of our reportable segments. We use the same accounting policies for our segments as those described in Note 1 Accounting Policies . Operating results for the years ended December 31, 2025, 2024 and 2023 are as follows: (in millions) Market Intelligence Ratings Energy Mobility Indices Engineering Solutions Total 2025 Revenue from external customers $ 4,902 $ 4,549 $ 2,299 $ 1,747 $ 1,839 $ $ 15,336 Intersegment revenue 1 14 175 11 200 Revenue 4,916 4,724 2,299 1,747 1,850 15,536 Intersegment elimination (200) Total revenue 15,336 Less: segment expenses 2 3,246 1,645 1,205 1,051 537 7,684 Less: other segment items 3 679 66 151 318 42 1,256 Intersegment elimination (200) Segment operating profit $ 991 $ 3,013 $ 943 $ 378 $ 1,271 $ $ 6,596 Corporate Unallocated expense 4 146 Equity in income on unconsolidated subsidiar …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Accounting Policies Nature of operations S&P Global Inc. (together with its consolidated subsidiaries, the Company, the Registrant, we, us or our) is a global, diversified, and highly differentiated provider of benchmarks, data, analytics and workflow solutions in the global capital, energy and commodity, and automotive markets. The capital markets include asset managers, investment banks, commercial banks, insurance companies, exchanges, trading firms and issuers; the energy and commodity markets include producers, consumers, traders and intermediaries within energy, chemicals, shipping, metals, carbon and agriculture; and the automotive markets include manufacturers, suppliers, dealerships, service shops and consumers. Our operations consist of five reportable segments: S&P Global Market Intelligence (Market Intelligence), S&P Global Ratings (Ratings), S&P Global Energy (Energy), S&P Global Mobility (Mobility) and S&P Dow Jones Indices (Indices). Market Intelligence is a global provider of multi-asset-class data and analytics integrated with purpose-built workflow solutions. Ratings is an independent provider of credit ratings, research, and analytics. Energy is a leading independent provider of information and benchmark prices for the energy and commodity markets. Mobility is a leading provider of solutions serving the full automotive value chain including vehicle manufacturers (Original Equipment Manufacturers or OEMs), automotive suppliers, mobili …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Equity Capital Stock Two million shares of preferred stock, par value $1 per share, are authorized; none have been issued. On January 14, 2026, the Board of Directors approved an increase in the dividends for 2026 to a quarterly common stock dividend of $0.97 per share. Year Ended December 31, 2025 2024 2023 Annualized dividend rate 1 $ 3.84 $ 3.64 $ 3.60 Dividends paid (in millions) $ 1,170 $ 1,134 $ 1,147 1 The quarterly dividend rate was $0.96 per share for the year ended December 31 2025. The quarterly dividend rate was $0.91 per share for the year ended December 31 2024. The quarterly dividend rate was $0.90 per share for the year ended December 31 2023. Stock Repurchases On November 13, 2025, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the 2025 Repurchase Program), which was approximately 10% of the total shares of our outstanding common stock at the time. On June 22, 2022, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the 2022 Repurchase Program), which was approximately 9% of the total shares of our outstanding common stock at that time. Our purchased shares may be used for general corporate purposes, including the issuance of shares for stock compensation plans and to offset the dilutive effect of the exercise of employee stock options. As of December 31, 2025, 30.0 million shares remained under the 2025 Repurchase Program and 2.7 million shares r …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

"Commitments and Contingencies Leases We determine whether an arrangement meets the criteria for an operating lease or a finance lease at the inception of the arrangement. We have operating leases for office space and equipment. Our leases have remaining lease terms of 1 year to 11 years, some of which include options to extend the leases for up to 12 years, and some of which include options to terminate the leases early. We sublease certain real estate leases to third parties which mainly consist of operating leases for space within our offices. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expenses for these leases on a straight line-basis over the lease term in operating-related expenses and selling and general expenses. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date. Our future minimum based payments used to determine our lease liabilities include minimum based rent payments and escalations. As most of our leases do not provide an implicit rate, we use our estimated incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The following table provides information on the location and amounts of our leases on our consolidated balance sheets as of June 30, 2026 and December 31, 2025: (in millions) June 30, Decembe …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Debt A summary of short-term and long-term debt outstanding is as follows: (in millions) June 30, 2026 December 31, 2025 4.0% Senior Notes, due 2026 1 $ $ 3 2.95% Senior Notes, due 2027 2 500 499 2.45% Senior Notes, due 2027 3 1,247 1,246 4.75% Senior Notes, due 2028 4 777 784 4.25% Senior Notes, due 2029 5 985 991 2.5% Senior Notes, due 2029 6 498 498 2.95% Sustainability-Linked Senior Notes, due 2029 7 1,242 1,241 1.25% Senior Notes, due 2030 8 597 596 4.25% Senior Notes, due 2031 9 596 595 2.90% Senior Notes, due 2032 10 1,481 1,480 5.25% Senior Notes, due 2033 11 744 744 4.80% Senior Notes, due 2035 12 396 396 6.55% Senior Notes, due 2037 13 291 291 4.5% Senior Notes, due 2048 14 273 273 3.25% Senior Notes, due 2049 15 591 591 3.70% Senior Notes, due 2052 16 976 976 2.3% Senior Notes, due 2060 17 683 683 3.9% Senior Notes, due 2062 18 487 486 5.05% Senior Notes, due 2029 19 645 5.45% Senior Notes, due 2031 20 644 6.05% Senior Notes, due 2036 21 692 Commercial paper 825 715 Total debt 15,170 13,088 Less: short-term debt including current maturities 2,572 718 Long-term debt $ 12,598 $ 12,370 1 We made a $3 million repayment of our 4.0% Senior Notes in the first quarter of 2026. 2 Interest payments are due semiannually on January 22 and July 22, and as of June 30, 2026, the unamortized debt discount and issuance costs total less than $1 million. 3 Interest payments are due semiannually on March 1 and September 1 and as of June 30, 2026, the unamortized debt discount and issu …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation We issue stock-based incentive awards to our eligible employees under the 2019 Employee Stock Incentive Plan and to our eligible non-employee members of the Board of Directors under a Director Deferred Stock Ownership Plan. For the six months ended June 30, 2026 and 2025, total stock-based compensation expense related to restricted stock and other stock-based awards was $95 million and $92 million, respectively. During the six months ended June 30, 2026, the Company granted 0.5 million shares of restricted stock and other stock-based awards, which had a weighted average grant date fair value of $441.03 per share. Total unrecognized compensation expense related to unvested equity awards as of June 30, 2026 was $284 million, which is expected to be recognized over a weighted average period of 1.6 years.

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock

Income Taxes The effective income tax rate was 23.5% and 22.3% for the three and six months ended June 30, 2026, respectively, and 22.8% and 22.2% for the three months and six months ended June 30, 2025, respectively. The higher 2026 rates are primarily due to a combination of discrete adjustments including tax charge on divestitures. At the end of each interim period, we estimate the annual effective tax rate and apply that rate to our ordinary quarterly earnings. The tax expense or benefit related to significant unusual or infrequently occurring items that will be separately reported or reported net of their related tax effect, and are individually computed, is recognized in the interim period in which those items occur. In addition, the effect of changes in enacted tax laws or rates or tax status is recognized in the interim period in which the change occurs. The Company is subject to tax examinations in various jurisdictions. As of June 30, 2026 and December 31, 2025, the total amount of federal, state and local, and foreign unrecognized tax benefits was $303 million and $322 million, respectively, exclusive of interest and penalties. We recognize accrued interest and penalties related to unrecognized tax benefits in interest expense and operating-related expense, respectively. As of both June 30, 2026 and December 31, 2025, we had $79 million of accrued interest and penalties associated with unrecognized tax benefits. The Organization for Economic Co-operation and Develo …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Recently Issued or Adopted Accounting Standards In May of 2026, the Financial Accounting Standards Board (FASB) issued accounting guidance that provides recognition, measurement, presentation and disclosure requirements for all entities that generate, purchase, or receive environmental credits or have a regulatory compliance obligation that may be settled with environmental credits. This guidance is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual periods, and early adoption is permitted. We do not expect this guidance to have a significant impact on our consolidated financial statements. In November of 2025, the FASB issued accounting guidance to more closely align hedge accounting with the economics of an entity's risk management activities. This guidance is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods, and early adoption is permitted. We do not expect this guidance to have a significant impact on our consolidated financial statements. In September of 2025, the FASB issued accounting guidance that clarifies the guidance on which contracts are subject to derivative accounting and guidance on accounting for share based payments on contracts with customers. This guidance is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting pe …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Employee Benefits We maintain a number of active defined contribution retirement plans for our employees. The majority of our defined benefit plans are frozen. As a result, no new employees will be permitted to enter these plans and no additional benefits for current participants in the frozen plans will be accrued. We also have supplemental benefit plans that provide senior management with supplemental retirement, disability and death benefits. Certain supplemental retirement benefits are based on final monthly earnings. In addition, we sponsor a voluntary 401(k) plan under which we make a non-elective contribution and may match employee contributions up to certain levels of compensation as well as profit-sharing plans under which we contribute a percentage of eligible employees compensation to the employees accounts. We also provide certain medical, dental and life insurance benefits for active employees and eligible dependents. The medical and dental plans and supplemental life insurance plan are contributory, while the basic life insurance plan is noncontributory. We currently do not prefund any of these plans. We recognize the funded status of our retirement and postretirement plans in the consolidated balance sheets, with a corresponding adjustment to accumulated other comprehensive loss, net of taxes. The amounts in accumulated other comprehensive loss represent net unrecognized actuarial losses and unrecognized prior service costs. These amounts will be subsequently r …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Restructuring We continuously evaluate our cost structure to identify cost savings associated with streamlining our management structure. Our 2026 and 2025 restructuring plans consisted of a company-wide workforce reduction of approximately 450 and 1,300 positions and are further detailed below. The charges for each restructuring plan are classified as selling and general expenses within the consolidated statements of income and the reserves are included in other current liabilities in the consolidated balance sheets. In certain circumstances, reserves are no longer needed because employees previously identified for separation resigned from the Company and did not receive severance or were reassigned due to circumstances not foreseen when the original plans were initiated. In these cases, we reverse reserves through the consolidated statements of income during the period when it is determined they are no longer needed. The initial restructuring charge recorded and the ending reserve balance as of June 30, 2026 by segment is as follows: 2026 Restructuring Plan 2025 Restructuring Plan (in millions) Initial Charge Recorded Ending Reserve Balance Initial Charge Recorded Ending Reserve Balance Market Intelligence $ 15 $ 14 $ 56 $ 8 Ratings 8 7 17 3 Energy 8 7 19 7 Mobility 15 2 Indices 4 2 Corporate 11 9 46 11 Total $ 42 $ 37 $ 157 $ 33 We recorded a pre-tax restructuring charge of $42 million primarily related to employee severance charges for the 2026 restructuring plan during t …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Segment and Related Information Effective July 1, 2026, we have four reportable segments: Market Intelligence, Ratings, Energy and Indices. The results of Mobility are included through June 30, 2026. Beginning with the third quarter of 2026, the historical financial results of Mobility through June 30, 2026 will be reflected in our consolidated financial statements as discontinued operations in accordance with U.S. GAAP for all periods. Our Chief Executive Officer is our chief operating decision-maker (CODM) and evaluates performance of our segments and allocates resources (including employees, property, and financial or capital resources) based primarily on operating profit for each segment. Segment operating profit does not include Corporate Unallocated expense, equity in income on unconsolidated subsidiaries, other income, net, or interest expense, net, as these are amounts that do not affect the operating results of our reportable segments. Operating results for the periods ended June 30 are as follows: (in millions) Market Intelligence Ratings Energy Mobility Indices Total Three Months Ended June 30, 2026 Revenue from external customers $ 1,286 $ 1,293 $ 568 $ 468 $ 531 $ 4,146 Intersegment revenue 1 4 46 3 53 Revenue 1,290 1,339 568 468 534 4,199 Intersegment elimination (53) Total revenue 4,146 Less: segment expenses 2 824 417 287 267 148 1,943 Less: other segment items 3 173 9 48 97 13 340 Intersegment elimination (53) Segment operating profit $ 293 $ 913 $ 233 $ 104 …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Nature of Operations and Basis of Presentation S&P Global Inc. (together with its consolidated subsidiaries, S&P Global, the Company, we, us or our) is a global, diversified, and highly differentiated provider of benchmarks, data, analytics and workflow solutions in the global capital and energy and commodity markets. On July 1, 2026, the previously announced separation (the Separation) of Mobility Global Inc. (Mobility Global) from S&P Global became effective. The separation of Mobility Global, which comprises the business of S&P Global and its subsidiaries which previously operated under the S&P Global Mobility (Mobility) segment, was achieved through S&P Globals distribution (the Distribution) of 100% of the shares of Mobility Global common stock to holders of S&P Global common stock effective as of 12:01 a.m. New York City time on July 1, 2026, with holders of S&P Global common stock receiving one share of Mobility Global common stock for every share of S&P Global common stock held at the close of business on June 15, 2026 (the Record Date). Following the Distribution, Mobility Global became an independent, publicly-traded company with its common stock listed under the symbol MBGL on the New York Stock Exchange. Effective July 1, 2026, our operations consist of four reportable segments: S&P Global Ratings (Ratings), S&P Dow Jones Indices (Indices), S&P Global Energy (Energy) and S&P Global Market Intelligence (Market Int …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Equity Dividends On January 14, 2026, the Board of Directors approved an increase in the dividends for 2026 to a quarterly common stock dividend of $0.97 per share. Stock Repurchases On November 13, 2025, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the 2025 Repurchase Program), which was approximately 10% of the total shares of our outstanding common stock at the time. On June 22, 2022, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the 2022 Repurchase Program), which was approximately 9% of the total shares of our outstanding common stock at that time. Our purchased shares may be used for general corporate purposes, including the issuance of shares for stock compensation plans and to offset the dilutive effect of the exercise of employee stock options. As of June 30, 2026, 28.4 million shares remained under the 2025 Repurchase Program and the 2022 repurchase program was completed. Our 2025 Repurchase Program has no expiration date and purchases under this program may be made from time to time on the open market and in private transactions, depending on market conditions. We have entered into accelerated share repurchase (ASR) agreements with financial institutions to initiate share repurchases of our common stock. Under an ASR agreement, we pay a specified amount to the financial institution and receive an initial delivery of shares. Upon settlement of the …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing