Tax
Income Tax
Snap-on Income Tax decreased by 6.9% to $69.70M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.5%, from $68.70M to $69.70M. Over 4 years (FY 2021 to FY 2025), Income Tax shows an upward trend with a 4.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionTax
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026Apr 23, 2026
How to read this metric
An increase relative to pre-tax income may signal a higher effective tax rate or changes in tax legislation, while a decrease may indicate tax benefits or lower jurisdictional rates.
Detailed definition
Represents the total provision for income taxes recognized by the company during the reporting period, including both cu...
Peer comparison
Highly dependent on the company's geographic footprint and tax planning strategies compared to peers.
Metric ID:
income_tax_expenseHistorical Data
21 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $59.10M | $62.90M | $60.90M | $64.10M | $67.50M | $72.30M | $61.70M | $67.20M | $74.60M | $78.20M | $71.10M | $69.50M | $75.20M | $79.30M | $74.70M | $75.00M | $68.70M | $72.50M | $77.50M | $74.90M | $69.70M |
| QoQ Change | — | +6.4% | -3.2% | +5.3% | +5.3% | +7.1% | -14.7% | +8.9% | +11.0% | +4.8% | -9.1% | -2.3% | +8.2% | +5.5% | -5.8% | +0.4% | -8.4% | +5.5% | +6.9% | -3.4% | -6.9% |
| YoY Change | — | — | — | — | +14.2% | +14.9% | +1.3% | +4.8% | +10.5% | +8.2% | +15.2% | +3.4% | +0.8% | +1.4% | +5.1% | +7.9% | -8.6% | -8.6% | +3.7% | -0.1% | +1.5% |
Range$59.10M – $79.30M
CAGR+3.4%
Avg YoY Growth+4.5%
Median YoY Growth+3.7%
Current Streak2 quarters decline
Income Tax at Other Companies
Frequently Asked Questions
- What is Snap-on's income tax?
- Snap-on (SNA) reported income tax of $69.70M in Q1 2026.
- How has Snap-on's income tax changed year-over-year?
- Snap-on's income tax increased by 1.5% year-over-year, from $68.70M to $69.70M.
- What is the long-term trend for Snap-on's income tax?
- Over 4 years (2021 to 2025), Snap-on's income tax has grown at a 4.4% compound annual growth rate (CAGR), from $247.00M to $293.60M.
- What does income tax mean?
- The total amount of income tax the company is required to pay on its earnings.