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Snowflake (SNOW) Tax Rate (2019 - 2026)

Snowflake (SNOW) has disclosed Tax Rate for 8 consecutive years, with 2.53% as the latest value for Q1 2026.

  • Quarterly Tax Rate fell 385.0% to 2.53% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 1.31% through Jan 2026, down 99.0% year-over-year, with the annual reading at 1.31% for FY2026, 99.0% down from the prior year.
  • Tax Rate hit 2.53% in Q1 2026 for Snowflake, down from 1.28% 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.
  • Historically, Tax Rate has averaged 0.44% across 5 years, with a median of 0.86% in 2024.
  • Biggest five-year swings in Tax Rate: skyrocketed 1374bps in 2022 and later crashed -1103bps in 2023.
  • Year by year, Tax Rate stood at 2.03% in 2022, then rose by 21bps to 1.61% in 2023, then skyrocketed by 63bps to 0.59% in 2024, then tumbled by -115bps to 1.28% in 2025, then plummeted by -98bps to 2.53% in 2026.
  • Business Quant data shows Tax Rate for SNOW at 2.53% in Q1 2026, 1.28% in Q4 2025, and 0.02% in Q3 2025.