Snowflake (SNOW) Cost of Revenue (2019 - 2026)
Snowflake (SNOW) reported Cost of Revenue of $464.5 million for Q2 2026, up 33.18% on a YoY basis from $348.8 million in Q2 2025, and up 8.95% sequentially from $426.3 million in Q1 2026.
Snowflake (SNOW) Cost of Revenue (2019 - 2026) Analysis & Trends
Snowflake (SNOW) has 8 years of Cost of Revenue data on file, last reported at $464.5 million in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 33.18% year-over-year to $464.5 million; the trailing twelve-month figure through Apr 2026 stood at $1.7 billion (up 28.09% YoY), and the FY2026 full-year result was $1.5 billion, up 26.6% from the prior year.
- Cost of Revenue improved to $464.5 million in Q2 2026, from $426.3 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $464.5 million in Q2 2026 to a low of $134.2 million in Q1 2022.
- A 5-year average of $276.0 million and a median of $257.2 million in 2024 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue jumped 63.24% in 2022 and grew 17.58% in 2024, its largest moves.
- Tracing SNOW's Cost of Revenue over 5 years: stood at $190.7 million in 2022, then rose by 20.04% to $228.9 million in 2023, then jumped by 40.16% to $320.9 million in 2024, then grew by 21.81% to $390.9 million in 2025, then gained by 18.84% to $464.5 million in 2026.
- Business Quant data shows SNOW's Cost of Revenue at $464.5 million in Q2 2026, $426.3 million in Q1 2026, and $390.9 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 199.59 Bn | 179.36 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Full Truck Alliance | 193.24 Bn | 190.53 Bn | - | - |
| 3 | Shopify | 164.78 Bn | 159.04 Bn | 1.55 Bn | 1.62 Bn |
| 4 | Salesforce | 150.52 Bn | 138.68 Bn | 8.56 Bn | 2.57 Bn |
| 5 | Uber Technologies | 139.79 Bn | 138.58 Bn | 5.95 Bn | 7.26 Bn |
| 6 | ServiceNow | 109.10 Bn | 104.44 Bn | 2.82 Bn | 1.17 Bn |
| 7 | Automatic Data Processing | 102.68 Bn | 99.45 Bn | 2.87 Bn | 3.07 Bn |
| 8 | Adobe | 95.80 Bn | 90.17 Bn | 5.90 Bn | 715.00 Mn |
| 9 | Snowflake | 93.75 Bn | 90.79 Bn | 926.45 Mn | 464.50 Mn |
| 10 | Cadence Design Systems | 92.20 Bn | 90.80 Bn | 1.41 Bn | 61.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 464.50 Mn |
| Apr 30, 2026 | 464.50 Mn |
| Jan 31, 2026 | 426.33 Mn |
| Jan 31, 2026 | 426.33 Mn |
| Oct 31, 2025 | 390.87 Mn |
| Oct 31, 2025 | 390.87 Mn |
| Jul 31, 2025 | 371.82 Mn |
| Jul 31, 2025 | 371.82 Mn |
| Apr 30, 2025 | 348.79 Mn |
| Apr 30, 2025 | 348.79 Mn |
| Jan 31, 2025 | 333.18 Mn |
| Jan 31, 2025 | 333.18 Mn |
| Oct 31, 2024 | 320.89 Mn |
| Oct 31, 2024 | 320.89 Mn |
| Jul 31, 2024 | 288.08 Mn |
| Jul 31, 2024 | 288.08 Mn |
| Apr 30, 2024 | 272.52 Mn |
| Apr 30, 2024 | 272.52 Mn |
| Jan 31, 2024 | 241.80 Mn |
| Jan 31, 2024 | 241.80 Mn |