Goldman Sachs Americas Business & Information Services: What's Driving Your Services Recap, September 18, 2026
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Abstract
Goldman Sachs' Americas Business & Information Services weekly (September 18, 2026) covers five threads: CoStar's August traffic divergence, the 3Q uniform rental survey, a Thomson Reuters management meeting, childcare alternative data, and Equifax, S&P Global and MSCI investor days. Uniform rental respondents expect revenues up 5.6% year-over-year over the next six months (4.7% in 2Q) with 3.6% pricing, reinforcing preference for Buy-rated Cintas over Sell-rated Vestis. Homes.com monthly unique visitors fell 42% year-over-year while Apartments.com slipped 5%. New Thomson Reuters CFO Gary Bischoping emphasized share gains; the rebuilt CoCounsel Legal demonstrated agentic AI differentiation. Childcare search stays healthy, but Kastle office attendance plateaued at 53% of pre-pandemic levels, favoring Buy-rated Bright Horizons over Neutral-rated KinderCare.
Macro: the Fed hiked 25bp to 3.75-4.00% (first since 2023; 12-0 vote), initial claims fell to 196k, and August retail sales rose 1.2% month-over-month. Information services average 12.4x NTM EV/EBITDA and 17.0x NTM P/E; commercial services 9.4x and 17.3x—both below the S&P 500's 13.4x and 19.2x. Near-term catalysts: Cintas 9/23, FactSet 9/30, MSCI 3Q results 10/20.
Key exhibits
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