Snowflake (SNOW) Tax Rate (2019 - 2026)
Snowflake recorded quarterly Tax Rate of 2.53% in Q1 2026, down 98.2% quarter-over-quarter from 1.28% in Q4 2025, and down 385.0% year-over-year from 0.89% in Q1 2025.
Snowflake's Tax Rate history runs 8 years deep, the most recent figure standing at 2.53% for Q1 2026.
- In Q1 2026, Tax Rate fell 385.0% year-over-year to 2.53%; the TTM figure through Jan 2026 stood at 1.31% (down 99.0% YoY), while the FY2026 annual figure was 1.31%, down 99.0% from the prior year.
- Tax Rate came in at 2.53% for Q1 2026 at Snowflake, down from 1.28% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 13.87% in Q2 2022 to a low of 2.53% in Q1 2026.
- A 5-year average of 0.44% and a median of 0.86% in 2024 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate soared 1374 bps in 2022 and sank 1103 bps in 2023, its largest moves.
- Snowflake's Tax Rate stood at 2.03% in 2022, then increased by 21 bps to 1.61% in 2023, then soared by 63 bps to 0.59% in 2024, then plunged by 115 bps to 1.28% in 2025, then tumbled by 98 bps to 2.53% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 2.53%, 1.28%, and 0.02% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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 | Snowflake | 58.12 Bn | 54.92 Bn | 857.66 Mn | -2.53 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -2.53 |
| Jan 31, 2026 | -2.53 |
| Oct 31, 2025 | -1.28 |
| Oct 31, 2025 | -1.28 |
| Jul 31, 2025 | -0.02 |
| Jul 31, 2025 | -0.02 |
| Apr 30, 2025 | -1.35 |
| Apr 30, 2025 | -1.35 |
| Jan 31, 2025 | 1.31 |
| Jan 31, 2025 | 1.31 |
| Oct 31, 2024 | -0.59 |
| Oct 31, 2024 | -0.59 |
| Jul 31, 2024 | -1.21 |
| Jul 31, 2024 | -1.21 |
| Apr 30, 2024 | -0.86 |
| Apr 30, 2024 | -0.86 |
| Jan 31, 2024 | 2.47 |
| Jan 31, 2024 | 2.47 |
| Oct 31, 2023 | -1.61 |
| Oct 31, 2023 | -1.61 |
| Jul 31, 2023 | 1.61 |
| Jul 31, 2023 | 1.61 |
| Apr 30, 2023 | 2.84 |
| Apr 30, 2023 | 2.84 |
| Jan 31, 2023 | -0.18 |
| Jan 31, 2023 | -0.18 |
| Oct 31, 2022 | -2.03 |
| Oct 31, 2022 | -2.03 |
| Jul 31, 2022 | -1.76 |
| Jul 31, 2022 | -1.76 |
| Apr 30, 2022 | 13.87 |
| Apr 30, 2022 | 13.87 |
| Jan 31, 2022 | -1.18 |
| Jan 31, 2022 | -1.18 |
| Oct 31, 2021 | -0.77 |
| Oct 31, 2021 | -0.77 |
| Jul 31, 2021 | -0.27 |
| Jul 31, 2021 | -0.27 |
| Apr 30, 2021 | 0.12 |
| Apr 30, 2021 | 0.12 |
| Jan 31, 2021 | -0.68 |
| Jan 31, 2021 | -0.68 |
| Oct 31, 2020 | -0.26 |
| Oct 31, 2020 | -0.26 |
| Jul 31, 2020 | -0.69 |
| Jul 31, 2020 | -0.69 |
| Apr 30, 2020 | 0.26 |
| Apr 30, 2020 | 0.26 |
| Jan 31, 2020 | -0.31 |
| Jan 31, 2020 | -0.31 |
| Oct 31, 2019 | -0.43 |
| Oct 31, 2019 | -0.43 |