• In February 2026, S&P Global reported fourth-quarter 2025 sales of US$3,916 million and net income of US$1,134 million, issued full-year 2025 results showing higher sales and earnings than the prior year, and guided to 2026 reported revenue growth of 6.6% to 8.6%.
• Alongside these results, S&P Global completed a multi-year share repurchase program totaling 27,221,430 shares for US$12.85 billion and drew fresh attention through insider share purchases, new climate-risk data collaborations, and a leading role at the upcoming CERAWeek energy conference.
• Next, we’ll examine how S&P Global’s new climate-risk data collaboration and updated 2026 revenue guidance shape its investment narrative.

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S&P Global Investment Narrative Recap

To own S&P Global, you generally need to believe in steady demand for its ratings, data and index franchises, even when markets are choppy. The key short term catalyst remains issuance and transaction activity tied to credit markets; the latest 2025 results and 2026 revenue guidance do not materially change that, but they do highlight execution in a tougher backdrop. The biggest near term risk is that financing conditions worsen, hurting ratings and transaction related revenue.

The new climate risk data collaboration between S&P Global Energy and Verisk looks particularly relevant here, because it broadens S&P Global’s role in helping banks, insurers and asset managers assess physical climate risks. That ties directly into one of the longer term catalysts analysts focus on: the growth of energy transition and climate related products as clients seek more granular risk metrics and disclosure tools.

Yet even with these growth initiatives, investors should be aware that a sharp deterioration in issuance volumes or refinancing trends could...

S&P Global's narrative projects $15.8 billion revenue and $4.6 billion earnings by 2027. This requires 7.3% yearly revenue growth and about a $1.8 billion earnings increase from $2.8 billion today.

Uncover how S&P Global's forecasts yield a $610.50 fair value, a 46% upside to its current price.

Exploring Other Perspectives

Twenty one members of the Simply Wall St Community place S&P Global’s fair value between US$373.00 and US$610.50, showing how far opinions can spread. When you set those views against S&P Global’s reliance on healthy issuance and refinancing activity for ratings revenue, it underlines why many investors look at several perspectives before deciding how this business might perform.

Explore 21 other fair value estimates on S&P Global - why the stock might be worth as much as 46% more than the current price!

Reach Your Own Conclusion

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your S&P Global research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free S&P Global research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate S&P Global's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.