Snowflake (SNOW) EBITDA Margin (2019 - 2026)
Snowflake's (SNOW) quarterly EBITDA Margin came in at 23.45% in Q2 2026, up 1947.0% year-on-year from 1.15% in Q2 2025, and up 5.37% quarter-over-quarter from 24.78% in Q1 2026.
Snowflake (SNOW) EBITDA Margin (2019 - 2026) Analysis & Trends
Snowflake has disclosed EBITDA Margin across 8 years of filings, most recently posting 23.45% for Q2 2026.
- EBITDA Margin for Q2 2026 came in at 23.45%, up 1947.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 26.11% (up 1438.0% YoY), and the FY2026 annual result was 30.64%, up 951.0% from the prior year.
- EBITDA Margin came in at 23.45% for Q2 2026 at Snowflake, up from 24.78% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 23.45% in Q2 2026 to a low of 44.69% in Q2 2022.
- The 5-year median for EBITDA Margin is 39.4% (2022), against an average of 37.22%.
- Across the five-year window, EBITDA Margin soared 6560 bps in 2022 and slumped 362 bps in 2025, its largest moves.
- Snowflake's EBITDA Margin stood at 36.99% in 2022, then gained by 4 bps to 35.5% in 2023, then decreased by 9 bps to 38.79% in 2024, then increased by 30 bps to 27.16% in 2025, then rose by 14 bps to 23.45% in 2026.
- The last three EBITDA Margin figures came in at 23.45% (Q2 2026), 24.78% (Q1 2026), and 27.16% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.49% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.12% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | -23.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -23.45% |
| Jan 31, 2026 | -24.78% |
| Oct 31, 2025 | -27.16% |
| Jul 31, 2025 | -29.72% |
| Apr 30, 2025 | -42.92% |
| Jan 31, 2025 | -39.19% |
| Oct 31, 2024 | -38.79% |
| Jul 31, 2024 | -40.89% |
| Apr 30, 2024 | -42.06% |
| Jan 31, 2024 | -35.56% |
| Oct 31, 2023 | -35.50% |
| Jul 31, 2023 | -42.34% |
| Apr 30, 2023 | -43.82% |
| Jan 31, 2023 | -40.70% |
| Oct 31, 2022 | -36.99% |
| Jul 31, 2022 | -41.78% |
| Apr 30, 2022 | -44.69% |
| Jan 31, 2022 | -39.61% |
| Oct 31, 2021 | -47.03% |
| Jul 31, 2021 | -73.53% |