S&P Global Inc. — Form 8-K/A

On July 1, 2026, S&P Global completed the spin-off of its Mobility division into independent public company Mobility Global (NYSE: MBGL). The company has recast historical financials (2023–Q1 2026) to exclude Mobility as discontinued operations and reorganized its four remaining divisions: Ratings (34% of 2025 revenue, 65% margin), Indices (13%, 70% margin), Energy (18%, 46% margin), and Market Intelligence (34%, 33% margin). Key structural changes include: 451 Research and Maritime Trade moved from Market Intelligence to Energy; pricing/reference data consolidated into MI; and enterprise expense allocation methodology enhanced. Pro forma 2025 revenue: $13.6B; adjusted operating profit: $7.1B. Full 2026 GAAP guidance and updated adjusted guidance to follow with Q2 2026 results on July 28, 2026.