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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.31 Bn | 3,751.28 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,533.10 Bn | 1,442.84 Bn | 49.47 Bn | 30.88% |
| 3 | Taboola.com | 1,132.11 Bn | 1,131.98 Bn | 139.48 Mn | 1.52% |
| 4 | Baidu | 288.53 Bn | 284.04 Bn | 1.88 Mn | 10.65% |
| 5 | Spotify Technology | 102.95 Bn | 92.71 Bn | 1.75 Bn | 23.32% |
| 6 | Joyy | 77.41 Bn | 76.52 Bn | 205.64 Mn | 3.14% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 18.99% |
| 8 | Nebius | 49.04 Bn | 39.41 Bn | 295.20 Mn | -32.08% |
| 9 | 30.28 Bn | 27.49 Bn | 734.60 Mn | 28.79% | |
| 10 | Snap | 9.06 Bn | 6.40 Bn | 931.11 Mn | -10.68% |
Historic Data
Download 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% |