Snap (SNAP) Research & Development (2016 - 2026)
Snap (SNAP) recorded quarterly Research & Development of $478.3 million in Q1 2026, up 1.19% quarter-over-quarter from $472.7 million in Q4 2025, and up 12.76% on a YoY basis from $424.2 million in Q1 2025.
Snap (SNAP) Research & Development (2016 - 2026) Analysis & Trends
Snap's Research & Development history runs 11 years deep, the most recent figure standing at $478.3 million for Q1 2026.
- In Q1 2026, Research & Development rose 12.76% year-over-year to $478.3 million; the TTM figure through Mar 2026 stood at $1.8 billion (up 10.9% YoY), while the FY2025 annual figure was $1.8 billion, up 6.02% from the prior year.
- Research & Development was $478.3 million for Q1 2026 at Snap, up from $472.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $584.9 million in Q4 2022 to a low of $406.2 million in Q2 2024.
- Historically, Research & Development has averaged $469.7 million across 5 years, with a median of $455.6 million in 2022.
- The sharpest annual moves came in 2022 and 2023: Research & Development soared 36.95% in 2022, then slipped 17.34% in 2023.
- A 5-year view of Research & Development shows it stood at $584.9 million in 2022, then retreated by 17.34% to $483.5 million in 2023, then retreated by 12.53% to $422.9 million in 2024, then advanced by 11.76% to $472.7 million in 2025, then rose by 1.19% to $478.3 million in 2026.
- The last three Research & Development figures came in at $478.3 million (Q1 2026), $472.7 million (Q4 2025), and $453.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | 67.40 Mn |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | 17.03 Bn |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | 17.70 Bn |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | 387.52 Mn |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | 207.25 Mn | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | 380.79 Mn | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | -61.44 Bn |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | 116.81 Mn |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | 478.30 Mn |
| 10 | Zillow | 7.56 Bn | 6.78 Bn | 519.00 Mn | 150.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 478.30 Mn |
| Dec 31, 2025 | 472.69 Mn |
| Sep 30, 2025 | 453.42 Mn |
| Jun 30, 2025 | 443.33 Mn |
| Mar 31, 2025 | 424.17 Mn |
| Dec 31, 2024 | 422.94 Mn |
| Sep 30, 2024 | 412.79 Mn |
| Jun 30, 2024 | 406.20 Mn |
| Mar 31, 2024 | 449.76 Mn |
| Dec 31, 2023 | 483.53 Mn |
| Sep 30, 2023 | 494.56 Mn |
| Jun 30, 2023 | 477.66 Mn |
| Mar 31, 2023 | 455.11 Mn |
| Dec 31, 2022 | 584.94 Mn |
| Sep 30, 2022 | 564.26 Mn |
| Jun 30, 2022 | 505.04 Mn |
| Mar 31, 2022 | 455.56 Mn |
| Dec 31, 2021 | 434.20 Mn |
| Sep 30, 2021 | 412.02 Mn |
| Jun 30, 2021 | 370.67 Mn |