Snap (SNAP) Gross Margin (2016 - 2026)

Snap's Gross Margin history runs 11 years deep, the most recent figure standing at 56.49% for Q1 2026.

• In Q1 2026, Gross Margin rose 340.0% year-over-year to 56.49%; the TTM figure through Mar 2026 stood at 55.79% (up 171.0% YoY), while the FY2025 annual figure was 54.99%, up 114.0% from the prior year.
• Gross Margin for Q1 2026 stood at 56.49%, down from 59.08% in the prior quarter.
• The five-year high for Gross Margin was 62.97% in Q4 2022, with the low at 51.42% in Q2 2025.
• The 5-year median for Gross Margin is 55.26% (2025), against an average of 55.78%.
• The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 1401 bps in 2022, then sank 862 bps in 2023.
• Snap's Gross Margin stood at 62.97% in 2022, then fell by 14 bps to 54.34% in 2023, then grew by 5 bps to 56.87% in 2024, then climbed by 4 bps to 59.08% in 2025, then retreated by 4 bps to 56.49% in 2026.
• Business Quant data shows SNAP's Gross Margin at 56.49% in Q1 2026, 59.08% in Q4 2025, and 55.26% in Q3 2025.