S&P Global 8-K
Positive
Mobility Global’s 1-for-1 spin-off removes it from S&P Global’s consolidated results; pro forma financials recast continuing operations.
Filed 2026-10-23 06:05 ET
- 8.01 Other Events
- 9.01 Financial Statements and Exhibits
Summary
Pro forma financial update following the Mobility spin-off. S&P Global completed the 1-for-1 distribution of Mobility Global shares to S&P Global shareholders on 7/1/2026; Mobility Global now trades as MBGL, and S&P Global will no longer consolidate it. The unaudited pro forma statements show S&P Global’s continuing operations with Mobility treated as discontinued operations, to illustrate the separation’s effect rather than predict future results.
Key Figures
| Metric | H1 2026 pro forma | FY2025 pro forma |
|---|---|---|
| Revenue | $7.40B | $13.6B, +7.9% Y/Y |
| Operating profit | $3.68B | $6.14B, +18% Y/Y |
| Net income from continuing operations attributable to S&P Global Inc. | $2.54B | $4.19B, +17% Y/Y |
| Diluted EPS from continuing operations attributable to S&P Global Inc. | $8.56 | $13.74, +20% Y/Y |
- Mobility’s revenue reclassified as discontinued operations was $921M for H1 2026 and $1.75B for FY2025. S&P Global’s FY2023 and FY2024 pro forma continuing-operations revenue was $11.0B and $12.6B, respectively.
- Pro forma adjustments for the Transition Services Agreement reduced selling and general expenses by $13M in H1 2026 and $35M in FY2025. The separation also involved $53M of additional non-recurring completion costs, reflected in the pro forma balance sheet rather than the income statements.
- At 6/30/2026, pro forma cash and cash equivalents were $3.95B, short-term debt was $2.57B, long-term debt was $10.6B and total assets were $49.9B.
Guidance
No guidance in this filing.
Investor Takeaways
- Track continuing-operations revenue and profit in upcoming reports: the pro forma history shows revenue growth through FY2025, while Mobility’s $1.75B of FY2025 revenue is no longer consolidated and transition services are being provided to Mobility Global.
The summary is written by an AI model reading the filing.
Model 005 · prompt v109 · 2026-10-23 14:35:16Z