Snap (SNAP) Operating Expenses (2016 - 2026)
Snap (SNAP) posted quarterly Operating Expenses of $1.6 billion for Q1 2026, up 2.97% year-over-year from $1.6 billion in Q1 2025, and down 3.81% quarter-over-quarter from $1.7 billion in Q4 2025.
Analysis
Snap (SNAP) Operating Expenses (2016 - 2026) Analysis & Trends
Snap's Operating Expenses history runs 11 years deep, the most recent figure standing at $1.6 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 2.97% year-over-year to $1.6 billion; the TTM figure through Mar 2026 stood at $6.5 billion (up 5.37% YoY), while the FY2025 annual figure was $6.5 billion, up 5.12% from the prior year.
- Operating Expenses for Q1 2026 stood at $1.6 billion, down from $1.7 billion in the prior quarter.
- The five-year high for Operating Expenses was $1.7 billion in Q4 2025, with the low at $1.3 billion in Q1 2022.
- The 5-year median for Operating Expenses is $1.6 billion (2022), against an average of $1.5 billion.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses grew 28.71% in 2022, then slipped 2.64% in 2023.
- Snap's Operating Expenses stood at $1.6 billion in 2022, then rose by 1.43% to $1.6 billion in 2023, then fell by 1.6% to $1.6 billion in 2024, then climbed by 5.21% to $1.7 billion in 2025, then retreated by 3.81% to $1.6 billion in 2026.
- Business Quant data shows SNAP's Operating Expenses at $1.6 billion in Q1 2026, $1.7 billion in Q4 2025, and $1.6 billion in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 640.46 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 758.20 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 573.19 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | -379.21 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | -191.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 1.23 Bn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 607.66 Mn |
| 10 | Snap | 9.26 Bn | 6.60 Bn | 931.11 Mn | 1.77 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.77 Bn |
| Mar 31, 2026 | 1.60 Bn |
| Dec 31, 2025 | 1.67 Bn |
| Sep 30, 2025 | 1.64 Bn |
| Jun 30, 2025 | 1.60 Bn |
| Mar 31, 2025 | 1.56 Bn |
| Dec 31, 2024 | 1.58 Bn |
| Sep 30, 2024 | 1.55 Bn |
| Jun 30, 2024 | 1.49 Bn |
| Mar 31, 2024 | 1.53 Bn |
| Dec 31, 2023 | 1.61 Bn |
| Sep 30, 2023 | 1.57 Bn |
| Jun 30, 2023 | 1.47 Bn |
| Mar 31, 2023 | 1.35 Bn |
| Dec 31, 2022 | 1.59 Bn |
| Sep 30, 2022 | 1.56 Bn |
| Jun 30, 2022 | 1.51 Bn |
| Mar 31, 2022 | 1.33 Bn |
| Dec 31, 2021 | 1.32 Bn |
| Sep 30, 2021 | 1.25 Bn |