New York, Feb 11, 2026, 04:59 EST — Premarket
- SPGI rose roughly 0.7% in early premarket trading, rebounding from a sharp 9.7% decline on Tuesday
- 2026 adjusted profit forecast fell short of Wall Street’s expectations, weighed down by concerns over AI disruptions
- Traders are eyeing the U.S. January jobs report, set for release at 8:30 a.m. ET, expecting it to shake up the markets.
S&P Global Inc (NYSE: SPGI) shares climbed roughly 0.7% to near $404 in early premarket action Wednesday, rebounding slightly after dropping 9.7% to close at $401.08 on Tuesday. (Public)
The rebound attempt follows investor backlash after S&P Global’s 2026 profit forecast missed the mark, fueling worries about AI-driven upheaval in information and software services. Shares of the financial data and ratings firm plunged to their lowest in over two years on Tuesday, dragging down peers like Moody’s and Nasdaq as well. (Reuters)
S&P Global reported a 9% jump in fourth-quarter revenue, reaching $3.916 billion, with adjusted earnings per share hitting $4.30. Looking ahead to 2026, the company projects adjusted diluted EPS between $19.40 and $19.65, alongside organic revenue growth of 6% to 8%, excluding currency fluctuations and most deal impacts. President and CEO Martina Cheung highlighted the rapid AI integration in their products, calling it a significant leap for clients. (SEC)
The question remains: how quickly can S&P Global shift AI from a challenge into a tool that ensures clients keep paying for its data, benchmarks, and workflows?
S&P Global relies heavily on recurring subscription revenue, yet parts of its business are more cyclical. Ratings fees increase as companies issue new bonds and loans, while its index division generates asset-linked fees based on the cash invested in funds following its benchmarks.
The next big market mover arrives fast. The U.S. Employment Situation report for January drops at 8:30 a.m. ET Wednesday, with the January Consumer Price Index following at 8:30 a.m. ET Friday. Both sets of data have the power to jolt Treasury yields and risk appetite in just one session. (Bureau of Labor Statistics)
If macro numbers come in strong, yields could surge and deal-making might grind to a halt. That scenario would put pressure on the transaction-heavy segments of the ratings business and keep investors wary about growth prospects for 2026.
S&P Global’s forecast included a caveat: it plans to offer GAAP guidance only after spinning off its Mobility business, slated for mid-2026. Traders are keen for updates on the timeline, potential stranded costs, and if AI is shifting customer demand.
