Snap (SNAP) Operating Expenses (2016 - 2026)
Snap's quarterly Operating Expenses came in at $1.6 billion in Q1 2026, up 2.97% year-on-year from $1.6 billion in Q1 2025, and down 3.81% quarter-over-quarter from $1.7 billion in Q4 2025.
Snap has reported Operating Expenses for 11 years, with the latest figure at $1.6 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 2.97% year-over-year to $1.6 billion; the trailing twelve-month figure through Mar 2026 stood at $6.5 billion (up 5.37% YoY), and the FY2025 full-year result 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.
- Average Operating Expenses over 5 years is $1.5 billion, with a median of $1.6 billion recorded in 2022.
- Year-over-year, Operating Expenses gained 28.71% in 2022 and fell 2.64% in 2023.
- Tracing SNAP's Operating Expenses over 5 years: stood at $1.6 billion in 2022, then advanced by 1.43% to $1.6 billion in 2023, then decreased by 1.6% to $1.6 billion in 2024, then increased by 5.21% to $1.7 billion in 2025, then slipped by 3.81% to $1.6 billion in 2026.
- The last three Operating Expenses figures came in at $1.6 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.6 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,516.07 Bn | 4,300.46 Bn | 102.29 Bn | 70.20 Bn |
| 2 | Meta Platforms | 1,527.96 Bn | 1,446.78 Bn | 46.09 Bn | 33.44 Bn |
| 3 | Spotify Technology | 122.61 Bn | 112.37 Bn | 1.75 Bn | 512.79 Mn |
| 4 | 33.97 Bn | 31.20 Bn | 511.94 Mn | 480.50 Mn | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 527.00 Mn |
| 6 | 13.66 Bn | 12.37 Bn | 768.96 Mn | 1.09 Bn | |
| 7 | Kanzhun | 13.03 Bn | 10.93 Bn | 255.62 Bn | -209.66 Bn |
| 8 | Snap | 9.94 Bn | 7.12 Bn | 1.29 Bn | 1.60 Bn |
| 9 | Match | 8.60 Bn | 7.57 Bn | 653.28 Mn | 627.52 Mn |
| 10 | Zillow | 8.57 Bn | 7.79 Bn | 519.00 Mn | 483.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.17 Bn |
| Mar 31, 2021 | 1.07 Bn |
| Dec 31, 2020 | 1.01 Bn |
| Sep 30, 2020 | 846.53 Mn |
| Jun 30, 2020 | 764.77 Mn |
| Mar 31, 2020 | 748.84 Mn |
| Dec 31, 2019 | 814.48 Mn |
| Sep 30, 2019 | 675.05 Mn |
| Jun 30, 2019 | 692.84 Mn |
| Mar 31, 2019 | 636.49 Mn |
| Dec 31, 2018 | 584.53 Mn |
| Sep 30, 2018 | 621.07 Mn |
| Jun 30, 2018 | 620.11 Mn |
| Mar 31, 2018 | 623.20 Mn |
| Dec 31, 2017 | 646.66 Mn |
| Sep 30, 2017 | 669.76 Mn |
| Jun 30, 2017 | 630.69 Mn |
| Mar 31, 2017 | 2.36 Bn |
| Dec 31, 2016 | 335.42 Mn |
| Sep 30, 2016 | 259.17 Mn |
| Jun 30, 2016 | 187.66 Mn |
| Mar 31, 2016 | 142.62 Mn |