Clearwater Analytics Holdings (CWAN) Tax Rate (2020 - 2026)
Clearwater Analytics Holdings' (CWAN) quarterly Tax Rate came in at 22.44% in Q1 2026, up 418.0% on a YoY basis from 4.33% in Q1 2025, and down 46.78% quarter-over-quarter from 42.16% in Q4 2025.
Analysis
Clearwater Analytics Holdings (CWAN) Tax Rate (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings (CWAN) has reported Tax Rate for 7 consecutive years, with 22.44% the latest figure, recorded 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 retreated to 22.44% in Q1 2026 per CWAN's latest filing, 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.
- Historically, Tax Rate has averaged 76.54% across 5 years, with a median of 1.44% in 2023.
- The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 125412 bps in 2024, then slumped 119879 bps in 2025.
- Over 5 years, Tax Rate stood at 25.61% in 2022, then jumped by 49 bps to 13.16% in 2023, then surged by 9526 bps to 1240.95% in 2024, then sank by 97 bps to 42.16% in 2025, then sank by 47 bps to 22.44% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 22.44%, 42.16%, and 5.1% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuit | 91.01 Bn | 84.23 Bn | 7.24 Bn | 24.29% |
| 2 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | 22.44% |
| 3 | Navan | 7.02 Bn | 6.34 Bn | 163.06 Mn | -4.07% |
| 4 | BILL Holdings | 4.52 Bn | 2.59 Bn | 356.19 Mn | 7.94% |
| 5 | Blackline | 1.91 Bn | 1.41 Bn | 142.68 Mn | 27.41% |
| 6 | Expensify | 218.72 Mn | 152.96 Mn | 16.33 Mn | -41.63% |
| 7 | Ankam | 27.35 Mn | 27.34 Mn | 44,900.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 22.44% |
| Dec 31, 2025 | 42.16% |
| Sep 30, 2025 | -5.10% |
| Jun 30, 2025 | 8.86% |
| Mar 31, 2025 | 18.27% |
| Dec 31, 2024 | 1,240.95% |
| Sep 30, 2024 | -11.35% |
| Jun 30, 2024 | 22.25% |
| Mar 31, 2024 | -4.58% |
| Dec 31, 2023 | -13.16% |
| Sep 30, 2023 | 10.47% |
| Jun 30, 2023 | 1.44% |
| Mar 31, 2023 | -5.12% |
| Dec 31, 2022 | -25.61% |
| Sep 30, 2022 | -16.30% |
| Jun 30, 2022 | -15.42% |
| Mar 31, 2022 | 30.98% |
| Dec 31, 2021 | -57.65% |
| Sep 30, 2021 | -1.93% |
| Jun 30, 2021 | 424.62% |