S&P Global (SPGI) Tax Rate (2009 - 2026)
S&P Global's (SPGI) quarterly Tax Rate came in at 23.48% in Q2 2026, up 71.0% on a YoY basis from 13.73% in Q2 2025, and up 10.9% quarter-over-quarter from 21.17% in Q1 2026.
Analysis
S&P Global (SPGI) Tax Rate (2009 - 2026) Analysis & Trends
S&P Global (SPGI) has reported Tax Rate for 18 consecutive years, with 23.48% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 71.0% year-over-year to 23.48%; the trailing twelve-month figure through Jun 2026 stood at 22.58% (changed 0.0% YoY), and the FY2025 full-year result was 22.6%, up 110.0% from the prior year.
- Tax Rate climbed to 23.48% in Q2 2026 per SPGI's latest filing, from 21.17% in the prior quarter.
- Across five years, Tax Rate topped out at 31.06% in Q2 2023 and bottomed at 17.62% in Q3 2022.
- Historically, Tax Rate has averaged 22.22% across 5 years, with a median of 21.49% in 2024.
- The sharpest annual moves came in 2022 and 2023: Tax Rate jumped 694 bps in 2022, then tumbled 1248 bps in 2023.
- Over 5 years, Tax Rate stood at 20.45% in 2022, then decreased by 8 bps to 18.89% in 2023, then grew by 21 bps to 22.89% in 2024, then gained by 9 bps to 24.95% in 2025, then slipped by 6 bps to 23.48% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 23.48%, 21.17%, and 24.95% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 121.34 Bn | 117.20 Bn | 2.98 Bn | 23.48% |
| 2 | Moodys | 81.34 Bn | 79.84 Bn | 1.67 Bn | 24.94% |
| 3 | Msci | 39.85 Bn | 39.49 Bn | 717.10 Mn | 18.04% |
| 4 | Verisk Analytics | 22.97 Bn | 22.42 Bn | 572.90 Mn | 24.65% |
| 5 | Factset Research Systems | 9.48 Bn | 9.17 Bn | 310.73 Mn | 17.78% |
| 6 | Morningstar | 7.30 Bn | 6.77 Bn | 423.90 Mn | 26.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.48% |
| Mar 31, 2026 | 21.17% |
| Dec 31, 2025 | 24.95% |
| Sep 30, 2025 | 20.84% |
| Jun 30, 2025 | 22.77% |
| Mar 31, 2025 | 21.72% |
| Dec 31, 2024 | 22.89% |
| Sep 30, 2024 | 23.01% |
| Jun 30, 2024 | 21.26% |
| Mar 31, 2024 | 18.84% |
| Dec 31, 2023 | 18.89% |
| Sep 30, 2023 | 18.19% |
| Jun 30, 2023 | 31.06% |
| Mar 31, 2023 | 17.94% |
| Dec 31, 2022 | 20.45% |
| Sep 30, 2022 | 17.62% |
| Jun 30, 2022 | 24.44% |
| Mar 31, 2022 | 30.42% |
| Dec 31, 2021 | 17.30% |
| Sep 30, 2021 | 19.83% |