Company: MTCH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000891103-25-000180
Chunk: 27

Company: Match Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 27
---
 for income taxes may change as new events occur, more experience is acquired, additional information is obtained or our tax environment changes. To the extent that the estimated annual effective income tax rate changes during a quarter, the effect of the change on prior quarters is included in the income tax provision in the quarter in which the change occurs.For the three months ended September 30, 2025, and 2024, the Company recorded an income tax provision of $32.9 million and $41.2 million, respectively. For the nine months ended September 30, 2025 and 2024, the Company recorded an income tax provision of $87.5 million and $113.5 million, respectively.The effective tax rate for the three-month period in 2025 of 17% is lower than the statutory rate primarily due to changes in tax reserves. The effective tax rate for the nine-month period in 2025 of 18% is lower than the statutory rate primarily due to the lower tax rate on U.S. income derived from foreign sources and excess tax benefits generated by the exercise or vesting of stock-based awards, partially offset by nondeductible stock-based compensation and state income taxes.The effective tax rates for both the three and nine-month periods in 2024, 23% and 22%, respectively, were higher than the statutory rate primarily due to nondeductible stock-based compensation, state income taxes, and foreign income taxed at higher rates, partially offset by the lower tax rate on U.S. income derived from foreign sources and research credits. The nine-month period in 2024 also included unfavorable tax adjustments upon the vesting of certain stock-based awards due to a higher stock price on the date such awards vested compared to the grant date fair value of such awards, partially offset by a tax benefit realized upon the conclusion of certain state income tax audits.On July 4, 2025, the U.S. government enacted the One Big Beautiful Bill Act (“the Act”). The Act provides changes to U.S. federal tax law, including current expensing of U.S. research expenditures, immediate expensing of eligible capital expenditures, modifications to the limitation of business interest expense, and changes to other tax provisions impacting 2025 and later years. We expect the provisions of the Act to result in a reduction of 2025 and 2026 cash tax payments. Additionally, we expect that the 2025 effective tax rate will be negatively 

14

Table of ContentsMATCH GROUP, INC. AND SUBSIDIARIESNOT