Snowflake (SNOW) FCF Margin (2020 - 2026)
Snowflake's FCF Margin came in at 5.42% for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 0.33 percentage points from 5.09% a year earlier but down 11.32 percentage points from the prior quarter.
Snowflake (SNOW) FCF Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Snowflake reported FCF Margin of 21.99%, up 3.74 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 23.92%, down 1.27 percentage points from FY2025.
- FCF Margin carries a five-year change of +37.51 percentage points (FY2021 to FY2026).
- Going back by fiscal year, FCF Margin was 25.19% in FY2025 (-3.78 pp), 28.97% in FY2024 (+3.77 pp), 25.20% in FY2023 (+17.49 pp) and 7.71% in FY2022 (+21.29 pp).
- The five-year range for quarterly FCF Margin is 3.96% (fiscal Q3 2022) to 59.59% (fiscal Q4 2026).
- Year-over-year, FCF Margin increased in two of the last eight quarters, with an average year-over-year change of -1.92 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in fiscal Q1 2023 (a gain of 35.22 percentage points), and the weakest in fiscal Q1 2026 (a drop of 23.30 percentage points).
- Business Quant data shows SNOW's FCF Margin at 16.73% (Q1 2027), 59.59% (Q4 2026) and 9.37% (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 264.72 Bn | 249.79 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 238.73 Bn | 219.14 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 127.27 Bn | 113.20 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 110.23 Bn | 97.55 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 89.17 Bn | 70.81 Bn | 881.34 Mn | 27.28% |
| 6 | Zscaler | 33.92 Bn | 20.04 Bn | - | - |
| 7 | Okta | 33.82 Bn | 23.92 Bn | 641.00 Mn | 28.94% |
| 8 | Axon Enterprise | 33.04 Bn | 27.56 Bn | 546.45 Mn | -0.11% |
| 9 | MongoDB | 27.87 Bn | 18.34 Bn | 569.77 Mn | 18.06% |
| 10 | F5 | 25.05 Bn | 19.46 Bn | 711.51 Mn | 32.44% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 5.42% |
| Apr 30, 2026 | 16.73% |
| Jan 31, 2026 | 59.59% |
| Oct 31, 2025 | 9.37% |
| Jul 31, 2025 | 5.09% |
| Apr 30, 2025 | 17.60% |
| Jan 31, 2025 | 42.71% |
| Oct 31, 2024 | 9.37% |
| Jul 31, 2024 | 7.46% |
| Apr 30, 2024 | 40.90% |
| Jan 31, 2024 | 42.79% |
| Oct 31, 2023 | 15.28% |
| Jul 31, 2023 | 11.41% |
| Apr 30, 2023 | 46.90% |
| Jan 31, 2023 | 35.98% |
| Oct 31, 2022 | 12.71% |
| Jul 31, 2022 | 12.18% |
| Apr 30, 2022 | 41.95% |
| Jan 31, 2022 | 19.51% |
| Oct 31, 2021 | 3.96% |
Snowflake FCF 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=fcf-margin&ticker=SNOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=SNOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();