S&P Global (SPGI) Change in Taxes (2009 - 2026)
S&P Global's (SPGI) quarterly Change in Taxes came in at -$306.0 million in Q2 2026, down 37.22% YoY from -$487.4 million in Q2 2025, and down 197.45% on a QoQ basis from $314.0 million in Q1 2026.
S&P Global (SPGI) Change in Taxes (2009 - 2026) Analysis & Trends
S&P Global (SPGI) has 18 years of Change in Taxes data on file, last reported at -$306.0 million in Q2 2026.
- Quarterly Change in Taxes fell 37.22% year-over-year to -$306.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $106.0 million (up 325.53% YoY) and the FY2025 annual result came in at $100.0 million, down 47.92% from the prior year.
- Change in Taxes eased to -$306.0 million in Q2 2026, from $314.0 million in the prior quarter.
- In the past five years, Change in Taxes ranged from a high of $432.0 million in Q1 2022 to a low of -$342.0 million in Q2 2022.
- A 5-year average of -$555555.6 and a median of -$14.5 million in 2022 frame the typical range for Change in Taxes.
- Annual changes were most pronounced in 2024 — Change in Taxes jumped 219.67% — and 2025, when it plunged 555.1%.
- Tracing SPGI's Change in Taxes over 5 years: stood at -$43.0 million in 2022, then slumped by 451.16% to -$237.0 million in 2023, then jumped by 48.52% to -$122.0 million in 2024, then surged by 111.48% to $14.0 million in 2025, then slumped by 2285.71% to -$306.0 million in 2026.
- The last three Change in Taxes figures came in at -$306.0 million (Q2 2026), $314.0 million (Q1 2026), and $14.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | -306.00 Mn |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | -368.00 Mn |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | - |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 6.00 Mn |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | - |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | - |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 60.30 Mn |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | -44.10 Mn |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | - |
| 10 | Factset Research Systems | 10.82 Bn | 10.52 Bn | 310.73 Mn | -30.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -306.00 Mn |
| Jun 30, 2026 | -306.00 Mn |
| Mar 31, 2026 | 314.00 Mn |
| Mar 31, 2026 | 314.00 Mn |
| Dec 31, 2025 | 14.00 Mn |
| Dec 31, 2025 | 14.00 Mn |
| Sep 30, 2025 | 84.00 Mn |
| Sep 30, 2025 | 84.00 Mn |
| Jun 30, 2025 | -223.00 Mn |
| Jun 30, 2025 | -223.00 Mn |
| Mar 31, 2025 | 225.00 Mn |
| Mar 31, 2025 | 225.00 Mn |
| Dec 31, 2024 | -122.00 Mn |
| Dec 31, 2024 | -122.00 Mn |
| Sep 30, 2024 | 73.00 Mn |
| Sep 30, 2024 | 73.00 Mn |
| Jun 30, 2024 | 49.00 Mn |
| Jun 30, 2024 | 49.00 Mn |
| Mar 31, 2024 | 192.00 Mn |
| Mar 31, 2024 | 192.00 Mn |