New York, Feb 10, 2026, 10:04 ET — Regular session.
- S&P Global shares slid roughly 7% after the company’s 2026 profit outlook landed below analyst estimates. The stock had plunged as much as 19% earlier in the session.
- The company is targeting adjusted EPS of $19.40 to $19.65 in 2026, calling for organic constant-currency revenue growth in the range of 6% to 8%.
- Shares of Moody’s, FactSet, and MSCI edged lower as investors revisited their growth outlooks for financial data and analytics companies.
S&P Global tumbled Tuesday—shares off 7.4% at $411.47 in morning action, scraping an intraday low of $360—after the financial data and credit-ratings giant laid out a 2026 forecast that undershot investor expectations.
The decline stands out, given how S&P Global is viewed as a proxy for the “must-have” data and benchmarks segment. Lately, that sector’s felt crowded. Tweaks to guidance—sometimes minor—are enough to reopen the discussion about which parts of the growth story actually stick, and which are just riding the cycle.
The timing isn’t great for the sector. Investors are sifting through which companies can actually leverage AI to slash expenses and bulk up their offerings—and which ones could end up squeezed as AI-powered tools become less expensive and more commonplace.
S&P Global is targeting 2026 adjusted earnings per share between $19.40 and $19.65, coming in shy of the $19.94 analysts are looking for, based on LSEG figures. For the fourth quarter, adjusted EPS landed at $4.30—not quite meeting forecasts—while revenue climbed 9% to $3.92 billion, Reuters said. 1
S&P Global is projecting organic constant-currency revenue growth between 6% and 8% for 2026, according to its latest earnings release. That figure excludes impact from currency swings and M&A. The company plans to issue GAAP guidance after the Mobility spin is wrapped up, likely around mid-2026. Chief executive Martina Cheung called their AI efforts “a leap forward for our clients and the business.” 2
Jeffrey Silber at BMO Capital noted the company “reported a narrow EPS miss” and highlighted that “2026 guidance missed consensus,” flagging Ratings as a weak spot. Stifel’s Shlomo Rosenbaum described the numbers as “mixed” and warned the stock was “likely to be pressured.” 3
The selling pressure didn’t stop with S&P Global. Moody’s shares dropped roughly 5%, FactSet lost close to 2%, and MSCI slipped 2.7% as investors moved out of financial data stocks. 4
S&P Global’s Ratings arm often sees a bump when debt issuance picks up, since its fees are closely linked to those volumes. On Tuesday, Alphabet disclosed a $20 billion bond sale aimed at supporting its increasing AI infrastructure investments—a fresh move by a major tech firm tapping the bond market for cash. 5
Still, there’s risk on the other side: when new issuance slows or rivals cut prices, both Ratings and data subscriptions could underperform, even together. On top of that, the upcoming Mobility spin brings extra uncertainty around timing, costs, and whether margins hold up once the deal is done.
Elsewhere, major indexes on Wall Street edged up at the open Tuesday. Investors sifted through the latest retail sales numbers, with an eye on additional U.S. economic reports due this week. 6
Investors are watching for more clues from the sector as Moody’s posts its fourth-quarter and full-year 2025 numbers on Wednesday, Feb. 18, ahead of the New York open. 7
