Snowflake (SNOW) EBT Margin (2019 - 2026)
Snowflake's EBT Margin was -12.17% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 13.84 percentage points from -26.02% a year earlier and up 9.15 percentage points from the prior quarter.
Snowflake (SNOW) EBT Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Snowflake's EBT Margin was -19.78% through Jul 31, 2026, up 13.71 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at -28.01%, up 7.43 percentage points from FY2025.
- EBT Margin shows a five-year change of +62.70 percentage points (FY2021 to FY2026).
- In earlier fiscal years, EBT Margin was -35.44% in FY2025 (-5.18 pp), -30.26% in FY2024 (+9.24 pp), -39.50% in FY2023 (+16.02 pp) and -55.52% in FY2022 (+35.19 pp).
- The fiscal Q2 2027 figure marks the highest quarterly EBT Margin in data going back to fiscal Q3 2020.
- Compared with a year earlier, EBT Margin has increased for five straight quarters, with an average year-over-year change of +5.58 percentage points over the last eight quarters.
- The best year-over-year quarter for EBT Margin over five years was fiscal Q4 2022 (a gain of 69.71 percentage points); the worst was fiscal Q4 2025 (a drop of 10.96 percentage points).
- Per Business Quant data, SNOW's EBT Margin in the three fiscal quarters before Q2 2027 was -21.33% (Q1 2027), -23.51% (Q4 2026) and -23.74% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.53 Bn | 240.60 Bn | 2.30 Bn | -7.89% |
| 2 | CrowdStrike Holdings | 230.03 Bn | 210.43 Bn | 1.10 Bn | 0.27% |
| 3 | Fortinet | 123.13 Bn | 109.06 Bn | 1.64 Bn | 35.17% |
| 4 | Snowflake | 107.35 Bn | 94.67 Bn | 1.04 Bn | -12.17% |
| 5 | Datadog | 87.69 Bn | 69.33 Bn | 881.34 Mn | 4.61% |
| 6 | Zscaler | 32.63 Bn | 18.74 Bn | - | - |
| 7 | Okta | 32.61 Bn | 22.70 Bn | 641.00 Mn | 15.65% |
| 8 | Axon Enterprise | 32.22 Bn | 26.75 Bn | 546.45 Mn | 3.61% |
| 9 | MongoDB | 26.93 Bn | 17.40 Bn | 569.77 Mn | 5.95% |
| 10 | F5 | 24.99 Bn | 19.40 Bn | 711.51 Mn | 26.15% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -12.17% |
| Apr 30, 2026 | -21.33% |
| Jan 31, 2026 | -23.51% |
| Oct 31, 2025 | -23.74% |
| Jul 31, 2025 | -26.02% |
| Apr 30, 2025 | -40.71% |
| Jan 31, 2025 | -33.45% |
| Oct 31, 2024 | -34.60% |
| Jul 31, 2024 | -36.14% |
| Apr 30, 2024 | -38.02% |
| Jan 31, 2024 | -22.49% |
| Oct 31, 2023 | -28.78% |
| Jul 31, 2023 | -34.28% |
| Apr 30, 2023 | -37.31% |
| Jan 31, 2023 | -35.16% |
| Oct 31, 2022 | -35.44% |
| Jul 31, 2022 | -44.03% |
| Apr 30, 2022 | -45.57% |
| Jan 31, 2022 | -34.03% |
| Oct 31, 2021 | -45.95% |
Snowflake EBT 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=ebt-margin&ticker=SNOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=SNOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();