Clearwater Analytics Holdings (CWAN) Tax Rate (2020 - 2026)
Clearwater Analytics Holdings (CWAN) reported Tax Rate of 22.44% for 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.
Clearwater Analytics Holdings (CWAN) Tax Rate (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings has reported Tax Rate for 7 years, with the latest figure 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.
- The five-year high for Tax Rate was 1240.95% in Q4 2024, with the low at 25.61% in Q4 2022.
- Historically, Tax Rate has averaged 76.54% across 5 years, with a median of 1.44% in 2023.
- Annual changes were most pronounced in 2024 — Tax Rate soared 125412 bps — and 2025, when it sank 119879 bps.
- Clearwater Analytics Holdings' Tax Rate stood at 25.61% in 2022, then surged by 49 bps to 13.16% in 2023, then soared by 9526 bps to 1240.95% in 2024, then tumbled by 97 bps to 42.16% in 2025, then tumbled 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | - |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -18.42% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 39.11% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 8.36% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 22.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 21.59% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 30.31% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 23.68% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 23.50% |
| 10 | Clearwater Analytics Holdings | 7.15 Bn | 7.07 Bn | 145.55 Mn | 22.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |