Snowflake (SNOW) Gross Margin (2019 - 2026)
Snowflake (SNOW) reported Gross Margin of 66.61% for Q2 2026, up 8.0% on a YoY basis from 61.67% in Q2 2025, and little changed sequentially from 66.8% in Q1 2026.
Snowflake (SNOW) Gross Margin (2019 - 2026) Analysis & Trends
Snowflake (SNOW) has 8 years of Gross Margin data on file, last reported at 66.61% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 8.0% year-over-year to 66.61%; the trailing twelve-month figure through Apr 2026 stood at 67.15% (up 77.0% YoY), and the FY2026 full-year result was 67.17%, up 66.0% from the prior year.
- Gross Margin steadied at 66.61% in Q2 2026, from 66.8% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 68.82% in Q4 2023 to a low of 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.
- Across the five-year window, Gross Margin jumped 856 bps in 2022 and tumbled 288 bps in 2024, its largest moves.
- Tracing SNOW's Gross Margin over 5 years: stood at 65.76% in 2022, then gained by 5 bps to 68.82% in 2023, then slipped by 4 bps to 65.94% in 2024, then gained by 3 bps to 67.77% in 2025, then decreased by 2 bps to 66.61% in 2026.
- Business Quant data shows SNOW's Gross Margin at 66.61% in Q2 2026, 66.8% in Q1 2026, and 67.77% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | 79.21% |
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% |