S&P Global Inc. (SPGI): UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
S&P Global Inc. (SPGI) filed an SEC Form 8-K — Other Events. 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”), int
How this was made
The 30-second read
Why it matters
The separation changes revenue composition, EPS, and valuation multiples for both entities.
Market read
Primary corporate action affecting two listed securities; important for valuation models and sector exposure.
What to watch
Potential tax benefits and strategic focus on core analytics could offset revenue loss.
Background
The filing provides the first public pro‑forma financials showing how S&P Global's results will look without the Mobility segment.
Ticker impact
SEC 8‑K filing discloses S&P Global's spin‑off of its Mobility segment into independent Mobility Global, removing a revenue stream and altering future earnings.
likely pressure as the market prices in reduced revenue and earnings outlook
The spin‑off removes $1.7B of revenue; analysts will adjust forecasts, prompting a sell‑off.
Mobility Global Inc. becomes a newly listed independent company on NYSE (ticker MBGL) after the spin‑off from S&P Global.
potential upside as the market evaluates the new entity's growth potential
First‑day trading will reflect speculation on the mobility data business separate from S&P Global.
Market effects
Data and analytics sector loses a mobility data line, potentially boosting peers with pure‑play analytics.
U.S. markets may see modest pullback in S&P Global weight; NYSE sees new listing activity.
Limited to investors tracking S&P Global and mobility data markets.
Counterpoint
Some investors may view the spin‑off as a chance to buy SPGI at a discount, betting the remaining business remains strong.
Key entities
- companyS&P Global Inc.
Parent company completing the spin‑off of its Mobility segment.
- companyMobility Global Inc.
Newly independent mobility data provider listed on NYSE under MBGL.
