Report published August 13, 2026

Goldman Sachs: Key Takeaways, Themes, and Stock Picks in Business & Info Services Post 2Q Results

Goldman Sachs · August 13, 2026

Business & Information Services companies generally delivered solid 2Q results beating consensus estimates, with performance shifting away from broad AI disruption fears toward individual company execution and pricing power. Goldman Sachs highlights FICO, IRM, MCO, SPGI, and TRI as focus Buys, while maintaining FDS, HRB, and RHI as focus Sells.

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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 is transitioning away from broad AI disruption fears toward individual company growth durability, execution, and valuation.
2.Focus Buy recommendations following 2Q results are FICO, IRM, MCO, SPGI, and TRI, while focus Sell recommendations are FDS, HRB, and RHI.
3.Results generally exceeded consensus expectations across the coverage universe, with 20 of 30 companies beating revenue and 26 of 30 beating EPS estimates.

2Q earnings cycle included a wide range of performance
Companies generally outperformed consensus in 2Q
Several key themes emerged from the 2Q earnings cycle
Companies predominately maintained or raised full-year guidance
Buy ideas in focus in Business & Info Services
Sell ideas in focus in Business & Info Services
Broader Business & Info Services investment views
Business & Info Services trading and operating comps
Valuations and risks

Report data

Exhibit 5: Revenue, EBITDA margins and EPS overall surprised to the upside in 2Q (2Q actuals versus FactSet consensus) — as of August 13, 2026.

Metric	Estimate	Context
Average 2Q revenue surprise vs consensus	0.8%	Average upside relative to FactSet consensus across 30 covered Business & Info Services companies.
Average 2Q EBITDA margin surprise vs consensus	0.4%	Average EBITDA margin upside versus FactSet consensus across 30 companies.
Average 2Q EPS surprise vs consensus	8.1%	Average EPS surprise relative to consensus across covered companies.
Moody's MIS revenue growth y/y	24.8%	Moody's Investors Service revenue growth accelerated from 8.3% in 1Q fueled by hyperscaler capex and refinancing debt issuance.
FICO Scores mortgage origination revenue growth y/y	97.0%	Driven by ~100% price increases on mortgage scores despite low-single-digit industry volumes.