Report published August 13, 2026

Goldman Sachs: Americas Business & Information Services 2Q Recap

Goldman Sachs · August 13, 2026

Goldman Sachs recaps weekly developments and 2Q earnings across Americas Business & Information Services, finding that market sentiment is shifting from broad AI threats to company-level execution and guidance. Focus Buys coming out of earnings are FICO, IRM, MCO, SPGI, and TRI, while focus Sells are FDS, HRB, and RHI.

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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.Stock performance in Business & Information Services is shifting away from broad AI concerns toward company-specific growth, execution, and valuation fundamentals.
2.Goldman Sachs highlights FICO, IRM, MCO, SPGI, and TRI as focus Buys, and FDS, HRB, and RHI as focus Sells following the 2Q earnings cycle.
3.KinderCare (KLC) faces near-term earnings and margin pressure from center closures and declining enrollments, leading to lowered full-year guidance and a Neutral rating.

Business & Information Services Recap
GS Business & Information Services Coverage
Price Changes as of 8/13/26
Valuation Multiples as of 8/13/26
Top Inbounds
Relevant Macro Developments
Business & Information Services News Flow
GS Business & Information Services Research This Week
Chart of the Week
Exhibit 1: HRB maintained assisted market share in 2026 after losing share almost every year since 2010
Upcoming Events
Upcoming GS NDRs, Conferences and Field Trips
CY2026 Consensus EPS Estimate Revisions YTD
NTM P/E and NTM EV/EBITDA Trends
Business & Information Services Trading and Operating Comps

Report data

Exhibit 1: HRB maintained assisted market share in 2026 after losing share almost every year since 2010 — as of August 13, 2026.

Metric	Estimate	Context
Information Services Weekly Price Change	4.0%	Average weekly share price change across covered Information Services stocks.
Business Services Weekly Price Change	0.0%	Average weekly share price change across covered Business Services stocks.
Initial Jobless Claims	209.0 thousand	Increased from 200k the prior week and came above FactSet consensus of 202k.
Consumer Price Index (Core CPI)	2.5%	Core CPI rose 2.5% y/y in Jul, below 2.6% in Jun and in-line with FactSet consensus.
Global Corporate Investment Grade Issuance Volume	93.0%	Year-over-year issuance growth for global corporate IG.