Clearwater Analytics Holdings CWAN
CWAN
$24.56 +0.00 (+0.00%)
At close: Jul 2, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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%