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
DateValue
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%