Growth Metrics

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 Reddit 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 Pinterest 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 🔒
DateValue
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