Snap-on (SNA) Tax Rate (2009 - 2026)
Snap-on (SNA) reported Tax Rate of 21.57% for Q2 2026, down 22.0% on a YoY basis from 27.65% in Q2 2025, and down 1.56% quarter-over-quarter from 21.91% in Q1 2026.
Snap-on (SNA) Tax Rate (2009 - 2026) Analysis & Trends
Snap-on has reported Tax Rate for 18 years, with the latest figure at 21.57% in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 22.0% year-over-year to 21.57%; the trailing twelve-month figure through Apr 2026 stood at 21.92% (down 23.0% YoY), and the FY2026 full-year result was 21.98%, down 18.0% from the prior year.
- Tax Rate for Q2 2026 stood at 21.57%, down from 21.91% in the prior quarter.
- The five-year high for Tax Rate was 23.36% in Q3 2022, with the low at 21.01% in Q4 2023.
- Historically, Tax Rate has averaged 22.11% across 5 years, with a median of 22.15% in 2022.
- Annual changes were most pronounced in 2022 — Tax Rate slumped 202 bps — and 2024, when it soared 110 bps.
- Snap-on's Tax Rate stood at 21.56% in 2022, then declined by 3 bps to 21.01% in 2023, then rose by 5 bps to 22.11% in 2024, then gained by 0 bps to 22.19% in 2025, then fell by 3 bps to 21.57% in 2026.
- The last three Tax Rate figures came in at 21.57% (Q2 2026), 21.91% (Q1 2026), and 22.19% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 19.71 Bn | 17.98 Bn | 223.10 Mn | 21.57% |
| 2 | RBC Bearings | 18.58 Bn | 18.52 Bn | 230.00 Mn | 15.79% |
| 3 | Lincoln Electric Holdings | 14.37 Bn | 14.06 Bn | 399.13 Mn | 21.33% |
| 4 | Stanley Black & Decker | 11.91 Bn | 11.58 Bn | 1.16 Bn | 29.72% |
| 5 | Timken | 9.17 Bn | 9.33 Bn | 394.00 Mn | 25.89% |
| 6 | Toro | 8.55 Bn | 8.36 Bn | 336.50 Mn | 21.86% |
| 7 | Kennametal | 2.49 Bn | 2.42 Bn | 207.98 Mn | 23.32% |
| 8 | Hillman Solutions | 1.44 Bn | 1.41 Bn | 168.58 Mn | 18.29% |
| 9 | Eastern | 129.83 Mn | 121.67 Mn | 11.93 Mn | 21.01% |
| 10 | Chicago Rivet & Machine | 9.85 Mn | 8.40 Mn | 958,459.00 | 4.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 4, 2026 | 21.57% |
| Apr 4, 2026 | 21.57% |
| Jan 3, 2026 | 21.91% |
| Jan 3, 2026 | 21.91% |
| Sep 27, 2025 | 22.19% |
| Sep 27, 2025 | 22.19% |
| Jun 28, 2025 | 22.02% |
| Jun 28, 2025 | 22.02% |
| Mar 29, 2025 | 21.78% |
| Mar 29, 2025 | 21.78% |
| Dec 28, 2024 | 22.11% |
| Dec 28, 2024 | 22.11% |
| Sep 28, 2024 | 22.49% |
| Sep 28, 2024 | 22.49% |
| Jun 29, 2024 | 22.22% |
| Jun 29, 2024 | 22.22% |
| Mar 30, 2024 | 21.81% |
| Mar 30, 2024 | 21.81% |
| Dec 30, 2023 | 21.01% |
| Dec 30, 2023 | 21.01% |