GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Snap Inc (NYSE:SNAP) » Definitions » Tax Rate %

Snap (SNAP) Tax Rate % : 36.20% (As of Dec. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Snap Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Snap's Tax Expense for the three months ended in Dec. 2024 was $5 Mil. Snap's Pre-Tax Income for the three months ended in Dec. 2024 was $14 Mil. Therefore, Snap's Tax Rate % for the quarter that ended in Dec. 2024 was 36.20%.

Snap Tax Rate % Historical Data

The historical data trend for Snap's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Snap Tax Rate % Chart

Snap Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.01 -2.86 -2.07 -2.17 -3.81

Snap Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.34 -2.32 -2.14 -5.75 36.20

Snap Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Snap's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=25.63/-672.226
=-3.81 %

Snap's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=5.164/14.265
=36.20 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Snap Tax Rate % Related Terms

Thank you for viewing the detailed overview of Snap's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Snap Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Snap Inc (NYSE:SNAP) » Definitions » Tax Rate %
Comparable Companies
ZG TME PINS NBIS MTCH BZ DJT RDDT IAC ATHM GOOGL META HKSE:00700 SPOT XAMS:PRX TSE:6098 DASH JSE:NPN HKSE:01024 BIDU
Traded in Other Exchanges
SNAP:Mexico 1SNAP:Italy 1SId:UK 0RNH:UK 1SI:Germany SNAP:Austria SNAP:Argentina
Address
3000 31st Street, Santa Monica, CA, USA, 90405
Website
https://www.snap.com
Snap is a technology company best known for its marquis social media application Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app's revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap's overall sales.
Executives
Michael J. O'sullivan officer: General Counsel C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Derek Andersen officer: Chief Financial Officer C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Rebecca Morrow officer: CAO and Controller C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Robert C. Murphy director, officer: Chief Technology Officer C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Eric Young officer: SVP of Engineering 3000 31ST STREET, SANTA MONICA CA 90405
Evan Spiegel director, officer: Chief Executive Officer C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Joanna Coles director C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Elizabeth Jenkins director C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Michael Lynton director 2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067
Jerry James Hunter officer: Senior VP, Engineering 3000 31ST STREET, SANTA MONICA CA 90405
Patrick Spence director C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Poppy Thorpe director C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Jeremi Gorman officer: Chief Business Officer C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Fidel Vargas director 3000 31ST STREET, C/O SNAP INC, SANTA MONICA CA 90405
Jared Grusd officer: Chief Strategy Officer C/O SNAP INC., 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA 90405