Snowflake (SNOW) Tax Rate (2019 - 2026)

Snowflake (SNOW) posted Tax Rate of 0.37% for Q2 2026, up 114.48% sequentially from 2.53% in Q1 2026, and up 172.0% YoY from 0.13% in Q2 2025.

Snowflake (SNOW) Tax Rate (2019 - 2026) Analysis & Trends

Snowflake has reported Tax Rate for 8 years, with the latest figure at 0.37% in Q2 2026.

Quarterly Tax Rate rose 172.0% year-over-year to 0.37% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.87% (down 36.0% YoY) and the FY2026 annual result came in at 1.31%, down 99.0% from the prior year.
Tax Rate climbed to 0.37% in Q2 2026 per SNOW's latest filing, from 2.53% in the prior quarter.
Over five years, Tax Rate peaked at 13.87% in Q2 2022 and troughed at 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.
The sharpest annual moves came in 2022 and 2023: Tax Rate jumped 1374 bps in 2022, then slumped 1103 bps in 2023.
Over 5 years, Tax Rate stood at 2.03% in 2022, then rose by 21 bps to 1.61% in 2023, then jumped by 63 bps to 0.59% in 2024, then sank by 115 bps to 1.28% in 2025, then jumped by 129 bps to 0.37% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 0.37%, 2.53%, and 1.28% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	-27.76%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	15.38%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	22.57%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	25.63%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	31.96%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	0.37%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	22.20%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	23.50%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	24.29%
10	Datadog	91.70 Bn	86.71 Bn	881.34 Mn	13.92%

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