Snowflake (SNOW) Tax Rate (2019 - 2026)
Snowflake (SNOW) reported Tax Rate of 0.37% for Q2 2026, up 172.0% on a YoY basis from 0.13% in Q2 2025, and up 114.48% sequentially from 2.53% in Q1 2026.
Snowflake (SNOW) Tax Rate (2019 - 2026) Analysis & Trends
Snowflake (SNOW) has 8 years of Tax Rate data on file, last reported at 0.37% in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 172.0% year-over-year to 0.37%; the trailing twelve-month figure through Apr 2026 stood at 0.87% (down 36.0% YoY), and the FY2026 full-year result was 1.31%, down 99.0% from the prior year.
- Tax Rate climbed to 0.37% in Q2 2026, 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.
- A 5-year average of 0.44% and a median of 0.73% in 2024 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate surged 1374 bps in 2022 and plunged 1103 bps in 2023, its largest moves.
- Tracing SNOW's Tax Rate over 5 years: stood at 2.03% in 2022, then climbed by 21 bps to 1.61% in 2023, then jumped by 63 bps to 0.59% in 2024, then slumped by 115 bps to 1.28% in 2025, then jumped by 129 bps to 0.37% in 2026.
- Business Quant data shows SNOW's Tax Rate at 0.37% in Q2 2026, 2.53% in Q1 2026, and 1.28% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -29.13% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -18.42% |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 8.36% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 39.11% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 22.57% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 31.96% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 23.68% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 0.37% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 21.59% |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | 10.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 0.37% |
| Apr 30, 2026 | 0.37% |
| Apr 30, 2026 | 0.37% |
| Jan 31, 2026 | -2.53% |
| Jan 31, 2026 | -2.53% |
| Jan 31, 2026 | -2.53% |
| Oct 31, 2025 | -1.28% |
| Oct 31, 2025 | -1.28% |
| Oct 31, 2025 | -1.28% |
| Jul 31, 2025 | -0.02% |
| Jul 31, 2025 | -0.02% |
| Jul 31, 2025 | -0.02% |
| Apr 30, 2025 | -1.35% |
| Apr 30, 2025 | -1.35% |
| Apr 30, 2025 | -1.35% |
| Jan 31, 2025 | 1.31% |
| Jan 31, 2025 | 1.31% |
| Jan 31, 2025 | 1.31% |
| Oct 31, 2024 | -0.59% |
| Oct 31, 2024 | -0.59% |