SPGI · 10-Q · 2026Q1 · Full report

Income Tax Rate Changes

S&P Global Inc. · 2026-04-28 · Importance 32 · Surprise 60

The OECD introduced a Pillar Two international tax framework providing for a global minimum tax of 15% that is being implemented through local legislation in participating jurisdictions. S&P Global states the effects of Pillar Two taxes enacted in jurisdictions where it operates have been reflected in results and did not have a material impact on its consolidated financial statements for the period. On January 5, 2026 the OECD issued administrative guidance outlining an exclusion framework for U.S.-parented groups; each member jurisdiction must adopt the guidance into local law and timing will vary. The company is monitoring developments and will evaluate impacts on its financial statements as additional information becomes available.

Key facts

• The lower effective tax rate in 2026 was primarily due to discrete adjustments including lower tax on non-U.S. divestitures due to local exemption.
• Provision for income taxes effective income tax rate for the three months ended March 31, 2026: 21.2%.
• Provision for income taxes effective income tax rate for the three months ended March 31, 2025: 21.7%.
• The effective income tax rate for the three months ended March 31, 2026 was 21.2%; for the three months ended March 31, 2025 it was 21.7%.