Snap (SNAP) Operating Expenses (2016 - 2026)
Snap (SNAP) posted Operating Expenses of $1.8 billion for Q2 2026, up 10.38% on a QoQ basis from $1.6 billion in Q1 2026, and up 10.29% year-over-year from $1.6 billion in Q2 2025.
Analysis
Snap (SNAP) Operating Expenses (2016 - 2026) Analysis & Trends
Snap has reported Operating Expenses for 11 years, with the latest figure at $1.8 billion in Q2 2026.
- On a quarterly basis, Operating Expenses rose 10.29% year-over-year to $1.8 billion in Q2 2026; TTM through Jun 2026 was $6.7 billion, a 6.09% increase from a year earlier, with the FY2025 full-year figure at $6.5 billion, up 5.12% from the prior year.
- Operating Expenses was $1.8 billion for Q2 2026 at Snap, up from $1.6 billion in the prior quarter.
- The five-year high for Operating Expenses was $1.8 billion in Q2 2026, with the low at $1.3 billion in Q1 2022.
- Average Operating Expenses over 5 years is $1.6 billion, with a median of $1.6 billion recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses rose 28.71% in 2022, then declined 2.64% in 2023.
- Over 5 years, Operating Expenses 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 advanced by 6.18% to $1.8 billion in 2026.
- The last three Operating Expenses figures came in at $1.8 billion (Q2 2026), $1.6 billion (Q1 2026), and $1.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Meta Platforms | 1,696.33 Bn | 1,606.07 Bn | 49.47 Bn | 42.03 Bn |
| 2 | 29.01 Bn | 26.23 Bn | 734.60 Mn | 573.19 Mn | |
| 3 | Bilibili | 12.48 Bn | 10.34 Bn | 433.97 Mn | -379.21 Mn |
| 4 | 10.51 Bn | 9.24 Bn | 922.30 Mn | 1.23 Bn | |
| 5 | Match | 9.93 Bn | 9.35 Bn | 648.84 Mn | 607.66 Mn |
| 6 | Snap | 9.56 Bn | 6.90 Bn | 931.11 Mn | 1.77 Bn |
| 7 | Rum | 5.38 Bn | 5.26 Bn | - | 111.15 Mn |
| 8 | Sound | 4.72 Bn | 4.61 Bn | - | - |
| 9 | Joyy | 4.14 Bn | 3.82 Bn | 201.60 Mn | -188.24 Mn |
| 10 | Grindr | 2.68 Bn | 2.67 Bn | 103.57 Mn | 105.64 Mn |
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 |