Snowflake (SNOW) Gross Margin (2019 - 2026)

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.