Snowflake (SNOW) Gross Margin (2019 - 2026)
Snowflake (SNOW) posted Gross Margin of 66.61% for Q2 2026, little changed sequentially from 66.8% in Q1 2026, and up 8.0% YoY from 61.67% in Q2 2025.
Snowflake (SNOW) Gross Margin (2019 - 2026) Analysis & Trends
Snowflake has reported Gross Margin for 8 years, with the latest figure at 66.61% in Q2 2026.
- Quarterly Gross Margin rose 8.0% year-over-year to 66.61% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 67.15% (up 77.0% YoY) and the FY2026 annual result came in at 67.17%, up 66.0% from the prior year.
- Gross Margin steadied at 66.61% in Q2 2026 per SNOW's latest filing, from 66.8% in the prior quarter.
- Over five years, Gross Margin peaked at 68.82% in Q4 2023 and troughed at 64.98% in Q2 2022.
- A 5-year average of 66.61% and a median of 66.57% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin soared 856 bps in 2022, then sank 288 bps in 2024.
- Over 5 years, Gross Margin stood at 65.76% in 2022, then grew by 5 bps to 68.82% in 2023, then fell by 4 bps to 65.94% in 2024, then grew by 3 bps to 67.77% in 2025, then declined by 2 bps to 66.61% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 66.61%, 66.8%, and 67.77% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 78.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 66.61% |
| Jan 31, 2026 | 66.80% |
| Oct 31, 2025 | 67.77% |
| Jul 31, 2025 | 67.53% |
| Apr 30, 2025 | 66.53% |
| Jan 31, 2025 | 66.23% |
| Oct 31, 2024 | 65.94% |
| Jul 31, 2024 | 66.84% |
| Apr 30, 2024 | 67.12% |
| Jan 31, 2024 | 68.79% |
| Oct 31, 2023 | 68.82% |
| Jul 31, 2023 | 67.60% |
| Apr 30, 2023 | 66.42% |
| Jan 31, 2023 | 65.08% |
| Oct 31, 2022 | 65.76% |
| Jul 31, 2022 | 65.16% |
| Apr 30, 2022 | 64.98% |
| Jan 31, 2022 | 65.04% |
| Oct 31, 2021 | 63.88% |
| Jul 31, 2021 | 61.01% |