Snowflake (SNOW) Tax Rate (2019 - 2026)

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.