Snowflake (SNOW) EBITDA Margin (2019 - 2026)
Snowflake (SNOW) reported EBITDA Margin of -8.70% for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 13.33 percentage points from -22.03% a year earlier and up 5.74 percentage points from the prior quarter.
Snowflake (SNOW) EBITDA Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Snowflake's EBITDA Margin came in at -14.44%, up 15.50 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at -22.94%, up 9.61 percentage points from FY2025.
- EBITDA Margin has a five-year change of +62.41 percentage points (FY2021 to FY2026).
- By fiscal year, EBITDA Margin came in at -32.55% in FY2025 (-0.48 pp), -32.07% in FY2024 (+2.85 pp), -34.92% in FY2023 (+18.85 pp) and -53.77% in FY2022 (+31.57 pp).
- The fiscal Q2 2027 figure ranks as the highest quarterly EBITDA Margin in data going back to fiscal Q3 2020.
- Year over year, EBITDA Margin has now increased in each of the last five quarters, with an average year-over-year change of +8.16 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was fiscal Q4 2022 (a gain of 64.34 percentage points); the low point was fiscal Q4 2025 (a drop of 3.19 percentage points).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at -14.44% (Q1 2027), -16.68% (Q4 2026) and -19.39% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 305.41 Bn | 290.49 Bn | 2.30 Bn | 20.32% |
| 2 | CrowdStrike Holdings | 258.16 Bn | 238.60 Bn | 1.10 Bn | 11.58% |
| 3 | Fortinet | 127.25 Bn | 113.18 Bn | 1.64 Bn | 40.40% |
| 4 | Snowflake | 118.44 Bn | 105.76 Bn | 1.04 Bn | -8.70% |
| 5 | Datadog | 96.25 Bn | 77.89 Bn | 881.34 Mn | 4.19% |
| 6 | Axon Enterprise | 34.94 Bn | 29.46 Bn | 546.45 Mn | 8.76% |
| 7 | MongoDB | 33.06 Bn | 23.53 Bn | 569.77 Mn | 4.45% |
| 8 | Okta | 32.62 Bn | 22.72 Bn | 641.00 Mn | 20.62% |
| 9 | Zscaler | 31.48 Bn | 17.60 Bn | - | - |
| 10 | Baidu | 29.71 Bn | -43.91 Bn | 1.47 Mn | - |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -8.70% |
| Apr 30, 2026 | -14.44% |
| Jan 31, 2026 | -16.68% |
| Oct 31, 2025 | -19.39% |
| Jul 31, 2025 | -22.03% |
| Apr 30, 2025 | -35.76% |
| Jan 31, 2025 | -31.64% |
| Oct 31, 2024 | -31.33% |
| Jul 31, 2024 | -33.08% |
| Apr 30, 2024 | -34.46% |
| Jan 31, 2024 | -28.46% |
| Oct 31, 2023 | -28.51% |
| Jul 31, 2023 | -35.30% |
| Apr 30, 2023 | -37.27% |
| Jan 31, 2023 | -34.65% |
| Oct 31, 2022 | -31.20% |
| Jul 31, 2022 | -35.75% |
| Apr 30, 2022 | -39.21% |
| Jan 31, 2022 | -35.19% |
| Oct 31, 2021 | -42.48% |
Snowflake EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SNOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "SNOW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SNOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();