Snail (SNAL) Gross Margin (2021 - 2026)
Snail (SNAL) recorded Gross Margin of 42.71% in Q1 2026, up 13.63 percentage points from 29.08% a year earlier and up 4.42 percentage points from the prior quarter.
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Analysis
Snail (SNAL) Gross Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Snail's Gross Margin came in at 31.94% as of Mar 31, 2026, down 5.65 percentage points year-over-year; for FY2025, it came in at 27.62%, down 8.17 percentage points from FY2024.
- Annual Gross Margin has a four-year change of -12.72 percentage points (FY2021 to FY2025).
- Across earlier years, Gross Margin came in at 35.79% in FY2024 (+15.11 pp), 20.68% in FY2023 (-7.96 pp), 28.64% in FY2022 (-11.69 pp) and 40.33% in FY2021.
- The Q1 2026 figure is the highest quarterly Gross Margin since Q4 2024.
- On a year-over-year basis, Gross Margin rose in five of the last eight quarters, with an average year-over-year change of +7.84 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 44.01 percentage points in Q3 2024, against a drop of 38.54 percentage points in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 38.29% (Q4 2025), 0.10% (Q3 2025) and 31.35% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | - |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 57.06% |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 88.26% |
| 10 | Snail | 21.40 Mn | 21.40 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 42.71% |
| Dec 31, 2025 | 38.29% |
| Sep 30, 2025 | 0.10% |
| Jun 30, 2025 | 31.35% |
| Mar 31, 2025 | 29.08% |
| Dec 31, 2024 | 43.29% |
| Sep 30, 2024 | 38.64% |
| Jun 30, 2024 | 37.50% |
| Mar 31, 2024 | 14.69% |
| Dec 31, 2023 | 34.73% |
| Sep 30, 2023 | -5.37% |
| Jun 30, 2023 | 5.63% |
| Mar 31, 2023 | 19.30% |
| Dec 31, 2022 | 16.90% |
| Sep 30, 2022 | 20.43% |
| Jun 30, 2022 | 20.72% |
| Mar 31, 2022 | 43.99% |
| Dec 31, 2021 | 34.97% |
| Sep 30, 2021 | 36.46% |
API Access
Snail Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SNAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SNAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SNAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();