Snowflake (SNOW) Tax Rate (2019 - 2026)
Snowflake's (SNOW) quarterly Tax Rate came in at 1.82% in Q3 2026, down 180.0% year-over-year from 2.28% in Q3 2025, and down 596.25% quarter-over-quarter from 0.37% in Q2 2026.
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Analysis
Snowflake (SNOW) Tax Rate (2019 - 2026) Analysis & Trends
Snowflake has disclosed Tax Rate across 8 years of filings, most recently posting 1.82% for Q3 2026.
- In Q3 2026, Tax Rate fell 180.0% year-over-year to 1.82%; the TTM figure through Jul 2026 stood at 1.27% (down 103.0% YoY), while the FY2026 annual figure was 1.31%, down 99.0% from the prior year.
- Tax Rate came in at 1.82% for Q3 2026 at Snowflake, down from 0.37% 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.
- Average Tax Rate over 5 years is 0.32%, with a median of 0.86% recorded in 2024.
- Year-over-year, Tax Rate soared 1374 bps in 2022 and sank 1103 bps in 2023.
- Over 5 years, Tax Rate stood at 2.03% in 2022, then grew by 21 bps to 1.61% in 2023, then surged by 63 bps to 0.59% in 2024, then tumbled by 115 bps to 1.28% in 2025, then slumped by 42 bps to 1.82% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 1.82% in Q3 2026, 0.37% in Q2 2026, and 2.53% in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | -4.83% |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | -35.60% |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 15.97% |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -1.82% |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 13.92% |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 9.97% |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 10.89% |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 7.94% |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 31.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -1.82% |
| Apr 30, 2026 | 0.37% |
| Jan 31, 2026 | -2.53% |
| Oct 31, 2025 | -1.28% |
| Jul 31, 2025 | -0.02% |
| Apr 30, 2025 | -1.35% |
| Jan 31, 2025 | 1.31% |
| Oct 31, 2024 | -0.59% |
| Jul 31, 2024 | -1.21% |
| Apr 30, 2024 | -0.86% |
| Jan 31, 2024 | 2.47% |
| Oct 31, 2023 | -1.61% |
| Jul 31, 2023 | 1.61% |
| Apr 30, 2023 | 2.84% |
| Jan 31, 2023 | -0.18% |
| Oct 31, 2022 | -2.03% |
| Jul 31, 2022 | -1.76% |
| Apr 30, 2022 | 13.87% |
| Jan 31, 2022 | -1.18% |
| Oct 31, 2021 | -0.77% |
API Access
Snowflake Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=SNOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SNOW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=SNOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();