In this paper, the cold extrusion process for internal spline forming using a thin and long tube has been analyzed by using a rigid plastic finite element code. The internal spline consists of 10 tooths. The cold extrusion process has been focused on the comparisions of load-stroke relation and filling states of the teeth according to design parameters. The design parameters involve extrusion ratio, extrusion angle and friction factor. The internal spline forming can cause the buckling and folding during the cold extrusion process because of using a thin and long tube. The optimum design parameters have been obtained through rigid-plastic finite elements analysis. The extrusion ratio and extrusion angle have great effects on the deformation characteristics of the cold extrusion process.