SNOW (Snowflake) Tax Rate % : -0.59% (As of Oct. 2024)

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What is Snowflake Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Snowflake's Tax Expense for the three months ended in Oct. 2024 was $2 Mil. Snowflake's Pre-Tax Income for the three months ended in Oct. 2024 was $-326 Mil. Therefore, Snowflake's Tax Rate % for the quarter that ended in Oct. 2024 was -0.59%.

Snowflake Tax Rate % Historical Data

The historical data trend for Snowflake'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.

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Snowflake Tax Rate % Chart

Snowflake Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Tax Rate %

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-0.29

-0.38

-0.44

2.26

1.32

Snowflake Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Tax Rate %	Get a 7-Day Free Trial															-1.61	2.47	-0.86	-1.21	-0.59

Snowflake Tax Rate % Calculation

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

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

Tax Rate %	=	Tax Expense (A: Jan. 2024 )	/	Pre-Tax Income (A: Jan. 2024 )
	=	-11.233	/	-849.223
	=	1.32 %

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

Tax Rate %	=	Tax Expense (Q: Oct. 2024 )	/	Pre-Tax Income (Q: Oct. 2024 )
	=	1.937	/	-325.965
	=	-0.59 %

Snowflake Tax Rate % Related Terms

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Snowflake Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Snowflake Inc (NYSE:SNOW) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

SNOW:Mexico 1SNOW:Italy 0A93:UK 5Q5:Germany S2NW34:Brazil SNWF:Austria

Address

106 East Babcock Street, Suite 3A, Bozeman, MT, USA, 59715

Website

https://www.snowflake.com

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to buy and ingest data, while its data solutions can be hosted on various public clouds.

Executives

Christian Kleinerman	officer: SVP, Product Management	106 E. BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Frank Slootman	director, 10 percent owner, officer: CEO and Chairman	106 EAST BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Christopher William Degnan	officer: Chief Revenue Officer	450 CONCAR DRIVE, SAN MATEO CA 94402
Benoit Dageville	director, 10 percent owner, officer: President of Products	450 CONCAR DRIVE, SAN MATEO CA 94402
Teresa Briggs	director	2225 LAWSON LANE, SANTA CLARA CA 95054
Grzegorz Czajkowski	officer: SVP, Engineering and Support	106 E. BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Michael L Speiser	director, 10 percent owner	755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304-1005
Mark D Mclaughlin	director	C/O PALO ALTO NETWORKS, INC., 4401 GREAT AMERICA PKWY, SANTA CLARA CA 95054
Michael Scarpelli	10 percent owner, officer: Chief Financial Officer	106 EAST BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
John Dennis Mcmahon	director	C/O BLADELOGIC, INC., 10 MAGUIRE STREET, BUILDING 3, LEXINGTON MA 02421
Stephen B Burke	director	41 CENTRAL PARK WEST - APT 11A, NEW YORK NY 10023
Jeremy Burton	director	C/O SNOWFLAKE INC., 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
Mark Garrett	director	106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
Sequoia Grove Manager, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Grove Ii, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025