Snowflake (SNOW) Gross Margin (2019 - 2026)
Snowflake recorded quarterly Gross Margin of 66.8% in Q1 2026, down 1.44% quarter-over-quarter from 67.77% in Q4 2025, and up 56.0% year-over-year from 42.82% in Q1 2025.
Snowflake's Gross Margin history runs 8 years deep, the most recent figure standing at 66.8% for Q1 2026.
- In Q1 2026, Gross Margin rose 56.0% year-over-year to 66.8%; the TTM figure through Jan 2026 stood at 67.17% (up 66.0% YoY), while the FY2026 annual figure was 67.17%, up 66.0% from the prior year.
- Gross Margin came in at 66.8% for Q1 2026 at Snowflake, down from 67.77% 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 66.53% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin surged 856 bps in 2022 and plunged 288 bps in 2024, its largest moves.
- Snowflake's Gross Margin stood at 65.76% in 2022, then climbed by 5 bps to 68.82% in 2023, then declined by 4 bps to 65.94% in 2024, then climbed by 3 bps to 67.77% in 2025, then decreased by 1 bps to 66.8% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 66.8%, 67.77%, and 67.53% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Snowflake | 58.12 Bn | 54.92 Bn | 857.66 Mn | 66.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Apr 30, 2021 | 57.47% |
| Jan 31, 2021 | 56.47% |
| Oct 31, 2020 | 58.23% |
| Jul 31, 2020 | 62.11% |
| Apr 30, 2020 | 60.89% |
| Jan 31, 2020 | 60.63% |
| Oct 31, 2019 | 59.61% |