S&P Global (SPGI) Change in Taxes (2009 - 2026)

S&P Global (SPGI) reported Change in Taxes of $314.0 million for Q1 2026, up 39.56% on a YoY basis from $225.0 million in Q1 2025, and up 2142.86% quarter-over-quarter from $14.0 million in Q4 2025.

S&P Global (SPGI) Change in Taxes (2009 - 2026) Analysis & Trends

S&P Global has reported Change in Taxes for 18 years, with the latest figure at $314.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Taxes rose 39.56% year-over-year to $314.0 million; the trailing twelve-month figure through Mar 2026 stood at $189.0 million (down 16.0% YoY), and the FY2025 full-year result was $100.0 million, down 47.92% from the prior year.
  • Change in Taxes for Q1 2026 stood at $314.0 million, up from $14.0 million in the prior quarter.
  • The five-year high for Change in Taxes was $432.0 million in Q1 2022, with the low at -$342.0 million in Q2 2022.
  • Historically, Change in Taxes has averaged $17.4 million across 5 years, with a median of $14.0 million in 2025.
  • Annual changes were most pronounced in 2024 — Change in Taxes jumped 219.67% — and 2025, when it plunged 555.1%.
  • S&P Global's Change in Taxes 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 jumped by 2142.86% to $314.0 million in 2026.
  • The last three Change in Taxes figures came in at $314.0 million (Q1 2026), $14.0 million (Q4 2025), and $84.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 S&P Global 122.27 Bn 125.38 Bn 2.94 Bn 314.00 Mn
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 327.60 Mn
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn -
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - -
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn -
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn -
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn -17.80 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 200,000.00
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn -
10 Factset Research Systems 8.21 Bn 7.92 Bn 314.28 Mn -13.81 Mn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 -237.00 Mn
Dec 31, 2023 -237.00 Mn