Snowflake (SNOW) Tax Rate (2019 - 2026)

Snowflake has disclosed Tax Rate across 8 years of filings, most recently posting 0.37% for Q2 2026.

• Tax Rate for Q2 2026 came in at 0.37%, up 172.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 0.87% (down 36.0% YoY), and the FY2026 annual result was 1.31%, down 99.0% from the prior year.
• Tax Rate came in at 0.37% for Q2 2026 at Snowflake, up from 2.53% 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.
• The 5-year median for Tax Rate is 0.73% (2024), against an average of 0.44%.
• Across the five-year window, Tax Rate surged 1374 bps in 2022 and slumped 1103 bps in 2023, its largest moves.
• Snowflake's 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 sank by 115 bps to 1.28% in 2025, then surged by 129 bps to 0.37% in 2026.
• The last three Tax Rate figures came in at 0.37% (Q2 2026), 2.53% (Q1 2026), and 1.28% (Q4 2025), per Business Quant data.