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% YoY from 13.73% in Q2 2025, and up 10.9% on a QoQ basis from 21.17% in Q1 2026.
S&P Global (SPGI) Tax Rate (2009 - 2026) Analysis & Trends
S&P Global (SPGI) has 18 years of Tax Rate data on file, last reported at 23.48% in Q2 2026.
- Quarterly Tax Rate rose 71.0% year-over-year to 23.48% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 22.58% (changed 0.0% YoY) and the FY2025 annual result came in at 22.6%, up 110.0% from the prior year.
- Tax Rate rose to 23.48% in Q2 2026, from 21.17% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 31.06% in Q2 2023 to a low of 17.62% in Q3 2022.
- A 5-year average of 22.22% and a median of 21.49% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate soared 694 bps — and 2023, when it slumped 1248 bps.
- Tracing SPGI's Tax Rate over 5 years: stood at 20.45% in 2022, then fell by 8 bps to 18.89% in 2023, then advanced by 21 bps to 22.89% in 2024, then increased by 9 bps to 24.95% in 2025, then retreated by 6 bps to 23.48% in 2026.
- The last three Tax Rate figures came in at 23.48% (Q2 2026), 21.17% (Q1 2026), and 24.95% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.69 Bn | 123.55 Bn | 2.98 Bn | 23.48% |
| 2 | Cme | 98.38 Bn | 98.38 Bn | 1.65 Bn | 21.53% |
| 3 | Intercontinental Exchange | 91.11 Bn | 89.16 Bn | - | 24.24% |
| 4 | Moodys | 87.75 Bn | 86.26 Bn | 1.67 Bn | 24.94% |
| 5 | Nasdaq | 55.46 Bn | 54.74 Bn | 1.50 Bn | 22.36% |
| 6 | Coinbase Global | 49.95 Bn | 41.16 Bn | 1.16 Bn | 9.09% |
| 7 | Msci | 41.33 Bn | 40.98 Bn | 717.10 Mn | 18.04% |
| 8 | Cboe Global Markets | 31.56 Bn | 29.17 Bn | 731.60 Mn | 28.62% |
| 9 | TransUnion | 16.50 Bn | 15.66 Bn | 765.00 Mn | 27.20% |
| 10 | Factset Research Systems | 10.83 Bn | 10.53 Bn | 310.73 Mn | 17.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.48% |
| Jun 30, 2026 | 23.48% |
| Jun 30, 2026 | 23.48% |
| Mar 31, 2026 | 21.17% |
| Mar 31, 2026 | 21.17% |
| Mar 31, 2026 | 21.17% |
| Dec 31, 2025 | 24.95% |
| Dec 31, 2025 | 24.95% |
| Dec 31, 2025 | 24.95% |
| Sep 30, 2025 | 20.84% |
| Sep 30, 2025 | 20.84% |
| Sep 30, 2025 | 20.84% |
| Jun 30, 2025 | 22.77% |
| Jun 30, 2025 | 22.77% |
| Jun 30, 2025 | 22.77% |
| Mar 31, 2025 | 21.72% |
| Mar 31, 2025 | 21.72% |
| Mar 31, 2025 | 21.72% |
| Dec 31, 2024 | 22.89% |
| Dec 31, 2024 | 22.89% |