By Connor Hart
S&P Global tempered its full-year revenue outlook, despite reporting higher profit and revenue in the first quarter.
The financial intelligence company said Tuesday it now expects revenue growth of 6.3% to 8.3% in 2026, compared with a prior outlook for revenue growth of 6.6% to 8.6%.
On an organic basis, revenue is still expected to grow 6% to 8%. The company also backed its outlook for adjusted earnings of $19.40 to $19.65 a share, compared with the $19.61 a share that analysts polled by FactSet are expecting.
The outlooks came as S&P Global operates in what Chief Executive Martina Cheung called an incredibly volatile and challenging environment.
For its three months ended March 31, S&P Global reported net income of $1.4 billion, or $4.69 a share, compared with $1.09 billion, or $3.54 a share, a year earlier.
The company attributed the higher profit to strong growth across ratings, indexes and market intelligence.
Stripping out one-time costs, earnings were $4.97 a share. Analysts polled by FactSet had expected adjusted earnings of $4.82 a share.
Revenue climbed 10% to $4.17 billion, ahead of Wall Street models for $4.07 billion.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
04-28-26 0749ET
