Snowflake (SNOW) Gross Margin (2019 - 2026)
Snowflake's (SNOW) quarterly Gross Margin came in at 66.61% in Q2 2026, up 8.0% year-on-year from 61.67% in Q2 2025, and little changed quarter-over-quarter from 66.8% in Q1 2026.
Snowflake (SNOW) Gross Margin (2019 - 2026) Analysis & Trends
Snowflake has disclosed Gross Margin across 8 years of filings, most recently posting 66.61% for Q2 2026.
- Gross Margin for Q2 2026 came in at 66.61%, up 8.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 67.15% (up 77.0% YoY), and the FY2026 annual result was 67.17%, up 66.0% from the prior year.
- Gross Margin came in at 66.61% for Q2 2026 at Snowflake, roughly flat 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.
- The 5-year median for Gross Margin is 66.57% (2025), against an average of 66.61%.
- Across the five-year window, Gross Margin jumped 856 bps in 2022 and sank 288 bps in 2024, its largest moves.
- Snowflake's Gross Margin stood at 65.76% in 2022, then advanced by 5 bps to 68.82% in 2023, then dropped by 4 bps to 65.94% in 2024, then advanced by 3 bps to 67.77% in 2025, then slipped by 2 bps to 66.61% in 2026.
- The last three Gross Margin figures came in at 66.61% (Q2 2026), 66.8% (Q1 2026), and 67.77% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | 66.61% |
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% |