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
DateValue
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