Snap (SNAP) Operating Margin (2016 - 2026)
Snap's quarterly Operating Margin came in at 4.87% in Q1 2026, up 935.0% year-on-year from 0.47% in Q1 2025, and down 268.13% quarter-over-quarter from 2.9% in Q4 2025.
Snap has reported Operating Margin for 11 years, with the latest figure at 4.87% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 935.0% year-over-year to 4.87%; the trailing twelve-month figure through Mar 2026 stood at 6.77% (up 495.0% YoY), and the FY2025 full-year result was 8.97%, up 571.0% from the prior year.
- Operating Margin for Q1 2026 stood at 4.87%, down from 2.9% in the prior quarter.
- The five-year high for Operating Margin was 2.9% in Q4 2025, with the low at 38.57% in Q3 2022.
- Average Operating Margin over 5 years is 20.83%, with a median of 20.54% recorded in 2024.
- Year-over-year, Operating Margin tumbled 2163 bps in 2022 and surged 1936 bps in 2024.
- Tracing SNAP's Operating Margin over 5 years: stood at 22.13% in 2022, then rose by 17 bps to 18.27% in 2023, then jumped by 91 bps to 1.73% in 2024, then jumped by 268 bps to 2.9% in 2025, then plunged by 268 bps to 4.87% in 2026.
- The last three Operating Margin figures came in at 4.87% (Q1 2026), 2.9% (Q4 2025), and 8.52% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,516.07 Bn | 4,300.46 Bn | 102.29 Bn | 36.12% |
| 2 | Meta Platforms | 1,527.96 Bn | 1,446.78 Bn | 46.09 Bn | 40.62% |
| 3 | Spotify Technology | 122.61 Bn | 112.37 Bn | 1.75 Bn | 15.77% |
| 4 | 33.97 Bn | 31.20 Bn | 511.94 Mn | 27.57% | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | -32.08% |
| 6 | 13.66 Bn | 12.37 Bn | 768.96 Mn | -7.97% | |
| 7 | Kanzhun | 13.03 Bn | 10.93 Bn | 255.62 Bn | 30.14% |
| 8 | Snap | 9.94 Bn | 7.12 Bn | 1.29 Bn | -4.87% |
| 9 | Match | 8.60 Bn | 7.57 Bn | 653.28 Mn | 27.37% |
| 10 | Zillow | 8.57 Bn | 7.79 Bn | 519.00 Mn | 5.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.87% |
| Dec 31, 2025 | 2.90% |
| Sep 30, 2025 | -8.52% |
| Jun 30, 2025 | -19.31% |
| Mar 31, 2025 | -14.22% |
| Dec 31, 2024 | -1.73% |
| Sep 30, 2024 | -12.62% |
| Jun 30, 2024 | -20.54% |
| Mar 31, 2024 | -27.89% |
| Dec 31, 2023 | -18.27% |
| Sep 30, 2023 | -31.98% |
| Jun 30, 2023 | -37.87% |
| Mar 31, 2023 | -36.95% |
| Dec 31, 2022 | -22.13% |
| Sep 30, 2022 | -38.57% |
| Jun 30, 2022 | -36.09% |
| Mar 31, 2022 | -25.55% |
| Dec 31, 2021 | -1.94% |
| Sep 30, 2021 | -16.94% |
| Jun 30, 2021 | -19.60% |
| Mar 31, 2021 | -39.45% |
| Dec 31, 2020 | -10.67% |
| Sep 30, 2020 | -24.73% |
| Jun 30, 2020 | -68.39% |
| Mar 31, 2020 | -61.92% |
| Dec 31, 2019 | -45.21% |
| Sep 30, 2019 | -51.29% |
| Jun 30, 2019 | -78.56% |
| Mar 31, 2019 | -98.64% |
| Dec 31, 2018 | -49.95% |
| Sep 30, 2018 | -108.62% |
| Jun 30, 2018 | -136.44% |
| Mar 31, 2018 | -170.17% |
| Dec 31, 2017 | -126.35% |
| Sep 30, 2017 | -222.10% |
| Jun 30, 2017 | -247.16% |
| Mar 31, 2017 | -1,479.32% |
| Dec 31, 2016 | -102.45% |
| Sep 30, 2016 | -102.16% |
| Jun 30, 2016 | -161.37% |
| Mar 31, 2016 | -267.59% |