Growth Metrics

Clearwater Analytics Holdings (CWAN) Tax Rate (2020 - 2026)

Clearwater Analytics Holdings posted quarterly Tax Rate of 22.44% for Q1 2026, up 418.0% year-on-year from 4.33% in Q1 2025, and down 46.78% on a QoQ basis from 42.16% in Q4 2025.

Clearwater Analytics Holdings (CWAN) has 7 years of Tax Rate data on file, last reported at 22.44% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 418.0% year-over-year to 22.44%; the trailing twelve-month figure through Mar 2026 stood at 19.07% (down 190385.0% YoY), and the FY2025 full-year result was 18.96%, down 150334.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 22.44%, down from 42.16% in the prior quarter.
  • Across five years, Tax Rate topped out at 1240.95% in Q4 2024 and bottomed at 25.61% in Q4 2022.
  • The 5-year median for Tax Rate is 1.44% (2023), against an average of 76.54%.
  • The widest annual swing landed in 2024, when Tax Rate soared 125412 bps; it then tumbled 119879 bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 25.61% in 2022, then soared by 49 bps to 13.16% in 2023, then jumped by 9526 bps to 1240.95% in 2024, then slumped by 97 bps to 42.16% in 2025, then slumped by 47 bps to 22.44% in 2026.
  • The last three Tax Rate figures came in at 22.44% (Q1 2026), 42.16% (Q4 2025), and 5.1% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn -
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 25.31
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn 39.11
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn 8.36
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn 30.31
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 21.59
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn 22.01
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn 23.68
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn 24.29
10 Clearwater Analytics Holdings 7.17 Bn 7.10 Bn 145.55 Mn 22.44

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 22.44
Mar 31, 2026 22.44
Dec 31, 2025 42.16
Dec 31, 2025 42.16
Sep 30, 2025 -5.10
Sep 30, 2025 -5.10
Jun 30, 2025 8.86
Jun 30, 2025 8.86
Mar 31, 2025 18.27
Mar 31, 2025 18.27
Dec 31, 2024 1,240.95
Dec 31, 2024 1,240.95
Sep 30, 2024 -11.35
Sep 30, 2024 -11.35
Jun 30, 2024 22.25
Jun 30, 2024 22.25
Mar 31, 2024 -4.58
Mar 31, 2024 -4.58
Dec 31, 2023 -13.16
Dec 31, 2023 -13.16
Sep 30, 2023 10.47
Sep 30, 2023 10.47
Jun 30, 2023 1.44
Jun 30, 2023 1.44
Mar 31, 2023 -5.12
Mar 31, 2023 -5.12
Dec 31, 2022 -25.61
Dec 31, 2022 -25.61
Sep 30, 2022 -16.30
Sep 30, 2022 -16.30
Jun 30, 2022 -15.42
Jun 30, 2022 -15.42
Mar 31, 2022 30.98
Mar 31, 2022 30.98
Dec 31, 2021 -57.65
Dec 31, 2021 -57.65
Sep 30, 2021 -1.93
Sep 30, 2021 -1.93
Jun 30, 2021 424.62
Jun 30, 2021 424.62
Mar 31, 2021 1.27
Mar 31, 2021 1.27
Dec 31, 2020 -0.82
Dec 31, 2020 -0.82
Sep 30, 2020 0.85
Sep 30, 2020 0.85