Snap (SNAP) Net Margin (2016 - 2026)
Snap (SNAP) recorded Net Margin of -10.25% in Q2 2026, up 9.27 percentage points from -19.52% a year earlier but down 4.44 percentage points from the prior quarter.
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Analysis
Snap (SNAP) Net Margin (2016 - 2026) Analysis & Trends
On a TTM basis, Snap's Net Margin came in at -4.90% as of Jun 30, 2026, up 4.79 percentage points year-over-year; for FY2025, it was -7.76%, up 5.25 percentage points from FY2024.
- Annual Net Margin has increased for three straight years, with a five-year change of +29.93 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -13.02% in FY2024 (+15.70 pp), -28.71% in FY2023 (+2.36 pp), -31.07% in FY2022 (-19.21 pp) and -11.85% in FY2021 (+25.84 pp).
- Quarterly Net Margin has ranged from -37.99% in Q2 2022 to 2.63% in Q4 2025 over the past five years.
- On a year-over-year basis, Net Margin has increased for 14 consecutive quarters, with an average year-over-year change of +9.32 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 22.71 percentage points in Q3 2021, against a drop of 25.12 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -5.82% (Q1 2026), 2.63% (Q4 2025) and -6.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 26.52% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 24.19% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 11.41% |
| 10 | Snap | 10.47 Bn | -945.18 Mn | 931.11 Mn | -10.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.25% |
| Mar 31, 2026 | -5.82% |
| Dec 31, 2025 | 2.63% |
| Sep 30, 2025 | -6.87% |
| Jun 30, 2025 | -19.52% |
| Mar 31, 2025 | -10.24% |
| Dec 31, 2024 | 0.58% |
| Sep 30, 2024 | -11.16% |
| Jun 30, 2024 | -20.10% |
| Mar 31, 2024 | -25.54% |
| Dec 31, 2023 | -18.24% |
| Sep 30, 2023 | -30.98% |
| Jun 30, 2023 | -35.34% |
| Mar 31, 2023 | -33.25% |
| Dec 31, 2022 | -22.19% |
| Sep 30, 2022 | -31.86% |
| Jun 30, 2022 | -37.99% |
| Mar 31, 2022 | -33.84% |
| Dec 31, 2021 | 1.74% |
| Sep 30, 2021 | -6.74% |
API Access
Snap Net 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=net-margin&ticker=SNAP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "SNAP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=SNAP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();