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| 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 |
| 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 |