Material Reconciling Items — Operating Income
S&P Global Material Reconciling Items — Operating Income increased by 19.6% to $2.00B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 26.9%, from $1.58B to $2.00B. Over 4 years (FY 2021 to FY 2025), Material Reconciling Items — Operating Income shows an upward trend with a 11.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in the absolute value of this loss suggests higher unallocated corporate overhead or larger inter-segment eliminations, which may compress consolidated margins despite strong segment performance.
Detailed definition
This metric represents the net impact of corporate-level adjustments, inter-segment eliminations, and non-allocated expe...
Peer comparison
Similar to 'Corporate and Other' or 'Unallocated Expenses' found in the segment reporting of large diversified financial services and data firms.
spgi_segment_material_reconciling_items_operating_income_lossHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.15B | $1.08B | $903.00M | $1.89B | $1.48B | $853.00M | $717.00M | $1.14B | $911.00M | $1.07B | $891.00M | $1.39B | $1.45B | $1.43B | $1.31B | $1.58B | $1.55B | $1.68B | $1.67B | $2.00B |
| QoQ Change | — | -6.2% | -16.6% | +109.5% | -21.7% | -42.4% | -15.9% | +59.6% | -20.4% | +17.9% | -17.0% | +55.4% | +4.8% | -1.2% | -8.7% | +20.6% | -1.7% | +8.0% | -0.1% | +19.6% |
| YoY Change | — | — | — | — | +28.4% | -21.2% | -20.6% | -39.5% | -38.5% | +25.9% | +24.3% | +21.1% | +59.4% | +33.5% | +46.9% | +13.9% | +6.8% | +16.8% | +27.9% | +26.9% |
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Frequently Asked Questions
- What is S&P Global's material reconciling items — operating income?
- S&P Global (SPGI) reported material reconciling items — operating income of $2.00B in Q1 2026.
- How has S&P Global's material reconciling items — operating income changed year-over-year?
- S&P Global's material reconciling items — operating income increased by 26.9% year-over-year, from $1.58B to $2.00B.
- What is the long-term trend for S&P Global's material reconciling items — operating income?
- Over 4 years (2021 to 2025), S&P Global's material reconciling items — operating income has grown at a 11.3% compound annual growth rate (CAGR), from $4.22B to $6.48B.
- What does material reconciling items — operating income mean?
- The net total of corporate-level expenses and accounting adjustments that are not allocated to specific business segments.