This filing is purely a historical restatement — no new operational or strategic information. Monitor S&P Global's first standalone quarterly report (Q3 2026) for organic growth trajectory and margin profile of the continuing business. The Mobility spin-off simplifies the corporate structure but removes a growth segment; compare pro forma margins to historical consolidated margins to assess the earnings quality of the remaining asset.
Price Chart
Executive Summary
S&P Global filed unaudited pro forma financial statements reflecting the completed spin-off of its Mobility segment (Mobility Global Inc., ticker MBGL) on July 1, 2026. The pro forma statements show S&P Global's continuing operations with approximately $7.4 billion in revenue for H1 2026 and $13.6 billion for FY2025, after removing Mobility's results as discontinued operations. This is a routine administrative update providing historical comparability for the post-spin entity.
Key Facts
- Spin-off of S&P Global Mobility into Mobility Global Inc. completed on July 1, 2026
- Shareholders received one share of Mobility Global (MBGL) for each S&P Global share held
- Pro forma continuing operations revenue: $7.4B (H1 2026), $13.6B (FY2025), $12.6B (FY2024), $11.0B (FY2023)
- Pro forma continuing operations net income attributable to S&P Global: $2.5B (H1 2026), $4.2B (FY2025), $3.6B (FY2024), $2.4B (FY2023)
- Pro forma continuing operations diluted EPS: $8.56 (H1 2026), $13.74 (FY2025), $11.44 (FY2024), $7.43 (FY2023)
- Pro forma balance sheet at June 30, 2026: $49.9B total assets, $23.1B total liabilities, $21.7B total equity
- $53 million in non-recurring separation costs (investment banker, legal, consulting fees) recorded in discontinued operations
- Transition Services Agreement reduces selling and general expenses by $13M (H1 2026) and $35M (FY2025)
Financial Impact
Pro forma continuing operations revenue of $13.6B (FY2025) vs historical $15.3B — Mobility contributed ~$1.7B in revenue. Net income from continuing operations of $4.2B vs historical $4.5B. The spin-off removes Mobility's assets ($13.0B) and liabilities ($3.2B) from the balance sheet.
Risk Factors
- Transition Services Agreement costs may run higher than the $13M/$35M estimates if services extend beyond initial terms
- Potential stranded costs or overhead allocation changes not fully captured in pro forma adjustments
- Mobility Global's independent performance could create competitive or operational friction
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000064040-26-000049 |
| Document: spgi-20261023.htm | 0000064040-26-000049 |
| Document: 0000064040-26-000049-index-headers.html | 0000064040-26-000049 |
| Document: 0000064040-26-000049-index.html | 0000064040-26-000049 |
| Document: 0000064040-26-000049.txt | 0000064040-26-000049 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $450.31 | awaiting T+60 | — | $450.65 (+0.08%) |
Oct 21, 2026 5d ago | Institutional Cluster | $453.10 | awaiting T+60 | — | $450.65 (−0.54%) |
Oct 12, 2026 14d ago | Institutional Cluster | $412.19 | awaiting T+60 | — | $450.65 (+9.33%) |
Sep 29, 2026 27d ago | Press Release | $394.47 | awaiting T+60 | — | $450.65 (+14.24%) |
Sep 29, 2026 27d ago | Press Release | $394.47 | awaiting T+60 | — | $450.65 (+14.24%) |
Sep 3, 2026 7w ago | Press Release | $450.58 | awaiting T+60 | — | $450.65 (+0.02%) |
Jul 28, 2026 12w ago | Press Release | $424.36 $443.16 | ▲ +4.43% | ▲ +0.08% | $450.65 (+6.20%) |
Jul 28, 2026 12w ago | 8-K | $424.36 $443.16 | ▲ +4.43% | ▲ +0.08% | $450.65 (+6.20%) |
Jul 1, 2026 16w ago | 8-K | $439.89 $403.25 | ▼ −8.33% | ▼ −11.34% | $450.65 (+2.45%) |
Jun 12, 2026 19w ago | Institutional Cluster | $418.91 $429.31 | ▲ +2.48% | ▼ −0.78% | $450.65 (+7.58%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers