S&P Global (SPGI) Tax Rate (2009 - 2026)
S&P Global (SPGI) posted Tax Rate of 23.48% for Q2 2026, up 0.71 percentage points from 22.77% a year earlier and up 2.31 percentage points from the prior quarter.
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Analysis
S&P Global (SPGI) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at S&P Global was 22.58%, unchanged year-over-year; for FY2025, it came in at 22.60%, up 1.10 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +1.10 percentage points (FY2020 to FY2025).
- In prior years, S&P Global's Tax Rate was 21.50% in FY2024 (+0.30 pp), 21.19% in FY2023 (-3.90 pp), 25.10% in FY2022 (+3.46 pp) and 21.64% in FY2021 (+0.14 pp).
- Quarterly Tax Rate has run from a low of 17.30% in Q4 2021 to a high of 31.06% in Q2 2023 over five years.
- On a year-over-year basis, Tax Rate increased in six of the last eight quarters, with an average year-over-year change of +1.66 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q1 2022, with a gain of 6.94 percentage points; the weakest was Q1 2023, with a drop of 12.48 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 21.17% (Q1 2026), 24.95% (Q4 2025) and 20.84% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn | 23.48% |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn | 24.94% |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn | 18.04% |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn | 24.65% |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn | 27.95% |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - | 27.20% |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn | 17.78% |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn | 26.05% |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - | 20.01% |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - | 21.53% |
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% |
API Access
S&P Global Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=SPGI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SPGI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=SPGI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();