Snap (SNAP) Operating Margin (2016 - 2026)
Snap (SNAP) posted quarterly Operating Margin of 4.87% for Q1 2026, up 935.0% year-over-year from 0.47% in Q1 2025, and down 268.13% quarter-over-quarter from 2.9% in Q4 2025.
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Snap (SNAP) Operating Margin (2016 - 2026) Analysis & Trends
Snap's Operating Margin history runs 11 years deep, the most recent figure standing at 4.87% for Q1 2026.
- In Q1 2026, Operating Margin rose 935.0% year-over-year to 4.87%; the TTM figure through Mar 2026 stood at 6.77% (up 495.0% YoY), while the FY2025 annual figure 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.
- The 5-year median for Operating Margin is 20.54% (2024), against an average of 20.83%.
- The sharpest annual moves came in 2022 and 2024: Operating Margin slumped 2163 bps in 2022, then surged 1936 bps in 2024.
- Snap's Operating Margin stood at 22.13% in 2022, then grew by 17 bps to 18.27% in 2023, then surged by 91 bps to 1.73% in 2024, then surged by 268 bps to 2.9% in 2025, then plunged by 268 bps to 4.87% in 2026.
- Business Quant data shows SNAP's Operating Margin at 4.87% in Q1 2026, 2.9% in Q4 2025, and 8.52% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 30.88% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 21.88% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -30.21% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 28.79% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 4.70% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -4.68% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 28.77% |
| 10 | Snap | 9.26 Bn | 6.60 Bn | 931.11 Mn | -10.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.68% |
| 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% |