Filing Flows › S&P Global (SPGI) › Guidance history
S&P Global (SPGI) guidance history: what it guided and what it reported
S&P Global gave guidance in 12 earnings releases on file since Feb 8, 2024. Of 4 guided periods since reported, it met or beat its own guidance 3 times (75%). Tax rate: 1 of 2, on average +0.5 pts against the guided midpoint. Its releases raised guidance 7 times and lowered it 4 times.
GAAP operating margin
Met or beat 1 of 1 periods (0 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | 41.5%–42.5% (Apr 29, 2025) | 42.2% | within the range | +0.2 pts |
Operating margin
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | 41.5%–42.5% (Feb 11, 2025) → raised 42.5%–43.5% (Jul 31, 2025) | — | — | — |
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | 42.0%–42.5% (Oct 30, 2025) | — | — | — |
Tax rate
Met or beat 1 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 22.0%–23.0% (Feb 10, 2026) → reaffirmed 22.0%–23.0% (Apr 28, 2026) → reaffirmed 22.0%–23.0% (Jul 28, 2026) → reaffirmed 22.0%–23.0% (Oct 27, 2026) | — | to be reported | — |
| FY2025 | 21.0%–22.0% (Feb 11, 2025) → reaffirmed 21.0%–22.0% (Apr 29, 2025) → reaffirmed 21.0%–22.0% (Jul 31, 2025) → reaffirmed 21.0%–22.0% (Oct 30, 2025) | 22.6% | above the range | +1.1 pts |
| FY2024 | 21.0%–22.0% (Feb 8, 2024) → reaffirmed 21.0%–22.0% (Apr 25, 2024) → reaffirmed 21.0%–22.0% (Jul 30, 2024) | 21.5% | within the range | +0.0 pts |
GAAP tax rate
Met or beat 1 of 1 periods (0 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2024 | 21.0%–21.5% (Oct 24, 2024) | 21.5% | within the range | +0.2 pts |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2024 | 21.5%–22.0% (Oct 24, 2024) | — | — | — |
The latest quarter
S&P Global, Q3 2026: revenue $3.7B (+7% year over year), operating margin 53.2%, net earnings $1.2B. The chart follows the revenue to costs, profit and cash.
Questions
Does S&P Global beat its guidance?
S&P Global gave guidance in 12 earnings releases on file since Feb 8, 2024. Of 4 guided periods since reported, it met or beat its own guidance 3 times (75%). Tax rate: 1 of 2, on average +0.5 pts against the guided midpoint.
How often does S&P Global raise guidance?
Its earnings releases raised guidance 7 times and lowered it 4 times since Feb 8, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.