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Form 8-K

sec.gov

8-K — S&P Global Inc.

Accession: 0000064040-26-000049

Filed: 2026-10-23

Period: 2026-10-23

CIK: 0000064040

SIC: 7320 (SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — spgi-20261023.htm (Primary)

EX-99 (a630proformaupdate.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: spgi-20261023.htm · Sequence: 1

spgi-20261023

0000064040FALSE00000640402026-10-232026-10-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: October 23, 2026

S&P Global Inc.

(Exact Name of Registrant as specified in its charter)

New York 1-1023 13-1026995

(State or other jurisdiction of incorporation or organization) (Commission File No.) (IRS Employer Identification No.)

55 Water Street, New York, New York 10041

(Address of Principal Executive Offices) (Zip Code)

(212) 438-1000

(Registrant’s telephone number, including area code)

investor.relations@spglobal.com

(Registrant's email address)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol Name of Exchange on which registered

Common stock (par value $1.00 per share) SPGI New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company                ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                                             ☐

Item 8.01.   Other Events

As previously disclosed, on July 1, 2026, S&P Global Inc. (the “Registrant”) completed the separation of its S&P Global Mobility segment (“Mobility”) into a separate, independent public company, Mobility Global Inc. (the “Separation”).

The Registrant is providing the unaudited pro forma condensed consolidated financial statements of the Registrant giving effect to the Separation, which includes (i) the unaudited pro forma condensed consolidated statements of income for the six months ended June 30, 2026 and each of the years ended December 31, 2025, 2024 and 2023, and (ii) the unaudited pro forma condensed consolidated balance sheet as of June 30, 2026, which are filed as Exhibit 99 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01.   Financial Statements and Exhibits

(d) Exhibits. The following exhibits are furnished with this report:

(99)    Unaudited pro forma condensed consolidated statements of income of the Registrant for the six months ended June 30, 2026 and each of the years ended December 31, 2025, 2024 and 2023 and the unaudited pro forma condensed consolidated balance sheet of the Registrant as of June 30, 2026.

(104)    Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K Report to be signed on its behalf by the undersigned hereunto duly authorized.

S&P Global Inc.

/s/   Judah Bareli

By: Judah Bareli

Vice President, Associate General Counsel

& Corporate Secretary

Dated: October 23, 2026

EX-99

EX-99

Filename: a630proformaupdate.htm · Sequence: 2

Document

Exhibit 99

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

On July 1, 2026 (the “Separation Date”), S&P Global Inc. (the “Registrant”, the “Company” or “S&P Global”) completed the previously announced separation of its S&P Global Mobility segment (“Mobility”), into a separate, independent public company, Mobility Global Inc. (“Mobility Global”). The separation was structured as a spin-off (the “Spin-off”), which occurred by way of a pro rata distribution of 100% of the outstanding shares of Mobility Global common stock to the holders of S&P Global common stock. S&P Global shareholders received one share of Mobility Global stock for every one share of S&P Global stock held of record as of the close of business on June 15, 2026 (the “Record Date”). Mobility Global is now an independent public company under the symbol “MBGL“ on the New York Stock Exchange. After the distribution, S&P Global will no longer consolidate Mobility Global into its financial results (the entire transaction is being referred to as the “Separation”).

The unaudited pro forma condensed consolidated financial statements have been derived from the Company’s historical consolidated financial statements and give effect to the Separation. The following unaudited pro forma condensed consolidated statements of income for the six months ended June 30, 2026 and each of the years ended December 31, 2025, 2024 and 2023 reflect the Company’s results as if the Separation had occurred as of January 1, 2023 in that they reflect the reclassification of Mobility as discontinued operations for all periods presented. The adjustments in the “Transaction Accounting Adjustments” column in the unaudited pro forma condensed consolidated statements of income for the six months ended June 30, 2026 and the year ended December 31, 2025 give effect to the Separation and related transactions as if they had occurred as of January 1, 2025. The following unaudited pro forma condensed consolidated balance sheet as of June 30, 2026 reflects the Company’s financial position as if the Separation had occurred on June 30, 2026. After the date of the Separation, the historical financial results of Mobility through June 30, 2026 will be reflected in our consolidated financial statements as discontinued operations in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for all periods.

The unaudited pro forma condensed consolidated financial statements have been prepared based on the best available information and management estimates and are subject to the assumptions and adjustments described below and in the accompanying notes to those financial statements. They are not intended to be a complete presentation of the Company’s financial position or results of operations had the Separation occurred as of and for the periods indicated. In addition, the unaudited pro forma condensed consolidated financial statements are provided for illustrative and information purposes only and are not necessarily indicative of the Company’s future results of operations or financial condition had the Separation and related transactions been completed on the dates assumed. The actual financial position and results of operations may differ significantly from the pro forma amounts reflected herein due to a variety of factors. Management believes these assumptions and adjustments are reasonable, given the information available at the filing date. The unaudited pro forma condensed consolidated financial statements should be read in conjunction with the Company’s historical consolidated financial statements and accompanying notes.

The unaudited pro forma condensed consolidated financial statements have been prepared in accordance with Regulation S-X Article 11.

Unaudited Pro Forma Condensed Consolidated Statement of Income

For the Six Months Ended June 30, 2026

(in millions, except per share amounts) Historical Mobility Discontinued Operations (Note a) S&P Global Continuing Operations (Subtotal) Transaction Accounting Adjustments Pro Forma

Revenue $ 8,318  $ 921  $ 7,397  $ 7,397

Expenses:

Operating-related expenses 2,394  268  2,126  2,126

Selling and general expenses 1,681  351  1,330  (13) (c) 1,317

Depreciation 64  7  57  57

Amortization of intangibles 551  152  399  399

Total expenses 4,690  778  3,912  (13) 3,899

Gain on dispositions (186) —  (186) (186)

Operating profit 3,814  143  3,671  13  3,684

Other income, net (6) —  (6) (6)

Interest expense, net 182  3  179  179

Income from continuing operations before taxes on income 3,638  140  3,498  13  3,511

Provision for taxes on income 810  56  754  3  (d) 757

Net income from continuing operations 2,828  84  2,744  10  2,754

Less: net income attributable to noncontrolling interests (215) —  (215) (215)

Net income from continuing operations attributable to S&P Global Inc. $ 2,613  $ 84  $ 2,529  $ 10  $ 2,539

Earnings per share from continuing operations attributable to S&P Global Inc. common shareholders:

Net income:

Basic $ 8.82  $ 8.57

Diluted $ 8.81  $ 8.56

Weighted-average number of common shares outstanding:

Basic 296.4  296.4

Diluted 296.6  296.6

See accompanying notes to the unaudited pro forma condensed consolidated financial statements.

Unaudited Pro Forma Condensed Consolidated Statement of Income

For the Year Ended December 31, 2025

(in millions, except per share amounts) Historical Mobility Discontinued Operations (Note a) S&P Global Continuing Operations (Subtotal) Transaction Accounting Adjustments Pro Forma

Revenue $ 15,336  $ 1,747  $ 13,589  $ 13,589

Expenses:

Operating-related expenses 4,563  513  4,050  4,050

Selling and general expenses 3,417  544  2,873  (35) (c) 2,838

Depreciation 110  14  96  96

Amortization of intangibles 1,069  303  766  766

Total expenses 9,159  1,374  7,785  (35) 7,750

Gain on dispositions (273) —  (273) (273)

Equity in income on unconsolidated subsidiaries (28) —  (28) (28)

Operating profit 6,478  373  6,105  35  6,140

Other income, net (36) —  (36) (36)

Interest expense, net 287  (1) 288  288

Income from continuing operations before taxes on income 6,227  374  5,853  35  5,888

Provision for taxes on income 1,407  69  1,338  9  (d) 1,347

Net income from continuing operations 4,820  305  4,515  26  4,541

Less: net income attributable to noncontrolling interests (349) —  (349) (349)

Net income from continuing operations attributable to S&P Global Inc. $ 4,471  $ 305  $ 4,166  $ 26  $ 4,192

Earnings per share from continuing operations attributable to S&P Global Inc. common shareholders:

Net income:

Basic $ 14.67  $ 13.75

Diluted $ 14.66  $ 13.74

Weighted-average number of common shares outstanding:

Basic 304.8  304.8

Diluted 305.1  305.1

See accompanying notes to the unaudited pro forma condensed consolidated financial statements.

Unaudited Pro Forma Condensed Consolidated Statement of Income

For the Year Ended December 31, 2024

(in millions, except per share amounts) Historical Mobility Discontinued Operations (Note a) Pro Forma

Revenue $ 14,208  $ 1,609  $ 12,599

Expenses:

Operating-related expenses 4,361  487  3,874

Selling and general expenses 3,196  433  2,763

Depreciation 96  13  83

Amortization of intangibles 1,077  302  775

Total expenses 8,730  1,235  7,495

Gain on dispositions (59) —  (59)

Equity in income on unconsolidated subsidiaries (43) —  (43)

Operating profit 5,580  374  5,206

Other income, net (25) —  (25)

Interest expense, net 297  (1) 298

Income from continuing operations before taxes on income 5,308  375  4,933

Provision for taxes on income 1,141  92  1,049

Net income from continuing operations 4,167  283  3,884

Less: net income attributable to noncontrolling interests (315) —  (315)

Net income from continuing operations attributable to S&P Global Inc. $ 3,852  $ 283  $ 3,569

Earnings per share from continuing operations attributable to S&P Global Inc. common shareholders:

Net income:

Basic $ 12.36  $ 11.46

Diluted $ 12.35  $ 11.44

Weighted-average number of common shares outstanding:

Basic 311.6  311.6

Diluted 311.9  311.9

See accompanying notes to the unaudited pro forma condensed consolidated financial statements.

Unaudited Pro Forma Condensed Consolidated Statement of Income

For the Year Ended December 31, 2023

(in millions, except per share amounts) Historical Mobility Discontinued Operations (Note a) Pro Forma

Revenue $ 12,497  $ 1,484  $ 11,013

Expenses:

Operating-related expenses 4,141  408  3,733

Selling and general expenses 3,159  448  2,711

Depreciation 101  9  92

Amortization of intangibles 1,042  302  740

Total expenses 8,443  1,167  7,276

Loss on dispositions 70  —  70

Equity in income on unconsolidated subsidiaries (36) —  (36)

Operating profit 4,020  317  3,703

Other expense, net 15  —  15

Interest expense, net 334  (1) 335

Income from continuing operations before taxes on income 3,671  318  3,353

Provision for taxes on income 778  63  715

Net income from continuing operations 2,893  255  2,638

Less: net income attributable to noncontrolling interests (267) —  (267)

Net income from continuing operations attributable to S&P Global Inc. $ 2,626  $ 255  $ 2,371

Earnings per share from continuing operations attributable to S&P Global Inc. common shareholders:

Net income:

Basic $ 8.25  $ 7.45

Diluted $ 8.23  $ 7.43

Weighted-average number of common shares outstanding:

Basic 318.4  318.4

Diluted 318.9  318.9

See accompanying notes to the unaudited pro forma condensed consolidated financial statements.

Unaudited Pro Forma Condensed Consolidated Balance Sheet at June 30, 2026

(in millions) Historical Mobility Discontinued Operations (Note a) S&P Global Continuing Operations (Subtotal) Transaction Accounting Adjustments Pro Forma

ASSETS

Current assets:

Cash and cash equivalents $ 4,134  $ 185  $ 3,949  $ —  $ 3,949

Restricted cash 7  7  —  —

Accounts receivable, net 3,438  232  3,206  3,206

Prepaid and other current assets 1,010  37  973  973

Assets held for sale 120  —  120  120

Total current assets 8,709  461  8,248  —  8,248

Property and equipment, net 254  18  236  236

Right of use assets 392  33  359  359

Goodwill 36,348  8,859  27,489  27,489

Other intangible assets, net 15,695  3,598  12,097  12,097

Equity investments in unconsolidated subsidiaries 613  —  613  613

Other non-current assets 895  56  839  839

Total assets $ 62,906  $ 13,025  $ 49,881  $ —  $ 49,881

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable $ 611  $ 63  $ 548  $ —  $ 548

Accrued compensation and contributions to retirement plans 581  41  540  540

Short-term debt 2,572  —  2,572  2,572

Income taxes currently payable 238  8  230  230

Unearned revenue 3,929  102  3,827  3,827

Other current liabilities 1,166  37  1,129  53  (b) 1,182

Liabilities held for sale 28  —  28  28

Total current liabilities 9,125  251  8,874  53  8,927

Long-term debt 12,598  1,980  10,618  10,618

Lease liabilities — non-current 452  27  425  425

Pension and other postretirement benefits 177  1  176  176

Deferred tax liability — non-current 3,150  938  2,212  2,212

Other non-current liabilities 764  1  763  763

Total liabilities 26,266  3,198  23,068  53  23,121

Equity:

Redeemable noncontrolling interests 5,024  —  5,024  5,024

Commitments and contingencies

Common stock 415  —  415  415

Additional paid-in capital 44,547  45  44,502  44,502

Retained income 25,618  9,747  15,871  (53) (b) 15,818

Accumulated other comprehensive loss (772) 35  (807) (807)

Less: common stock in treasury (38,307) —  (38,307) (38,307)

Total equity — controlling interests 31,501  9,827  21,674  (53) 21,621

Total equity — noncontrolling interests 115  —  115  115

Total equity 31,616  9,827  21,789  (53) 21,736

Total liabilities and equity $ 62,906  $ 13,025  $ 49,881  $ —  $ 49,881

See accompanying notes to the unaudited pro forma condensed consolidated financial statements.

Notes to Unaudited Pro Forma Condensed Consolidated Financial Statements

Mobility Discontinued Operations

(a)    Reflects the operations of Mobility that will qualify as discontinued operations in accordance with the

guidance set forth in ASC 205, Presentation of Financial Statements. This includes the assets, liabilities,

equity and results of operations and the non-recurring costs, primarily consisting of professional fees, that

are directly related to the Separation. Certain liabilities and general corporate overhead expenses that were

not specifically related to Mobility were excluded, as they did not meet the discontinued operations criteria

including:

i.General corporate overhead costs which were historically allocated to Mobility that included labor and non-labor expenses related to the Company’s corporate support functions (e.g. finance, accounting, treasury, information technology, legal, among others) that historically provided support to Mobility.

ii.The impact of intercompany purchases and sales between the Company and Mobility that were eliminated in consolidation.

Transaction Accounting Adjustments

(b)    Reflects $53 million of additional non-recurring costs to complete the Separation. These costs primarily

relate to investment banker fees, legal fees, third-party consulting fees and other costs directly related to the

Separation. There is no pro forma adjustment to reflect these expenses in the pro forma condensed

consolidated statements of income because they will be classified within discontinued operations.

(c)     Reflects the impact of a Transition Services Agreement whereby S&P Global will provide certain post

separation services to Mobility Global on a transitional basis. A pro forma adjustment reducing selling and

general expenses by $13 million and $35 million for the six months ended June 30, 2026 and

the year ended December 31, 2025, respectively, is reflected for this contractual arrangement.

(d)    Represents $3 million and $9 million for the six months ended June 30, 2026 and for

the year ended December 31, 2025, respectively, of the income tax pro forma adjustments. This

adjustment was determined by applying the relevant statutory tax rates to the jurisdictional mix of

income including the pre-tax pro forma adjustment described in note (c) above.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration