Snap (SNAP) Cost of Revenue (2016 - 2026)

Snap's Cost of Revenue history runs 11 years deep, the most recent figure standing at $239.0 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 62.63% year-over-year to $239.0 million; the TTM figure through Mar 2026 stood at -$192.7 million (down 106.02% YoY), while the FY2025 annual figure was $1.0 billion, down 58.72% from the prior year.
• Cost of Revenue was $239.0 million for Q1 2026 at Snap, up from -$945.8 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $1.7 billion in Q4 2024 to a low of -$945.8 million in Q4 2025.
• Historically, Cost of Revenue has averaged $375.3 million across 5 years, with a median of $297.3 million in 2023.
• The sharpest annual moves came in 2024 and 2025: Cost of Revenue jumped 547.69% in 2024, then plunged 157.02% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $991.7 million in 2022, then tumbled by 137.36% to -$370.5 million in 2023, then surged by 547.69% to $1.7 billion in 2024, then slumped by 157.02% to -$945.8 million in 2025, then jumped by 125.27% to $239.0 million in 2026.
• The last three Cost of Revenue figures came in at $239.0 million (Q1 2026), -$945.8 million (Q4 2025), and $256.2 million (Q3 2025), per Business Quant data.