Snap (SNAP) Operating Margin (2016 - 2026)
Snap (SNAP) recorded quarterly Operating Margin of 4.87% in Q1 2026, down 268.13% quarter-over-quarter from 2.9% in Q4 2025, and up 935.0% on a YoY basis from 0.47% in Q1 2025.
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 was 4.87% for Q1 2026 at Snap, down from 2.9% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 2.9% in Q4 2025 to a low of 38.57% in Q3 2022.
- Historically, Operating Margin has averaged 20.83% across 5 years, with a median of 20.54% in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Margin tumbled 2163 bps in 2022, then soared 1936 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 22.13% in 2022, then increased by 17 bps to 18.27% in 2023, then soared by 91 bps to 1.73% in 2024, then soared by 268 bps to 2.9% in 2025, then sank 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | -32.08% |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | 36.12% |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | 40.62% |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | 15.77% |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | 27.57% | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | -7.97% | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | 30.14% |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | 27.37% |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | -4.87% |
| 10 | Zillow | 7.56 Bn | 6.78 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% |